Although money doesn’t grow on trees, certain bank accounts will provide it to you for free. This isn’t the finance equivalent of Chitty Chitty Bang Bang’s Child Catcher, and there’s no catch. They are legitimate offers; you won’t be sent to a fake sign-up paradise with other people who were similarly tricked. What more could you want? They have the support of Martin Lewis, the founder of Money Saving Expert.
In the most recent episode of “The Martin Lewis Podcast” on BBC Sounds, which aired on Wednesday, March 20, the financial expert waxed poetic about utilizing the opportunities to assist with the current issue caused by rising living expenses.
“The Competition To Switch Banks Has Intensified,” Says Lewis
Those with UK accounts can take advantage of these incentives, which are made by competing banks to entice customers away from their counterparts in the financial industry. “You may transfer to a new bank that will pay you to do so. In the most recent podcast episode, Lewis states, “The competition to switch banks has intensified; there are currently four switchers who receive payment.” “So unless your bank is tickling your toes on request, why not grab some cash?”
Currently, four financial institutions are giving monetary rewards for switching to them. The most recent among which is Santander. In the meantime, you will receive £175 in cash from Lloyds and £100 from HSBC. It’s important to examine the qualifying requirements beforehand since you will need to be aware of them before applying.
