Martin Lewis MSE ranks UK's best bank bonuses from Nationwide to Santander
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Get up to £175 free cash for switching to a new bank account. Brits across the nation will be feeling the financial wrath of the festive period, as the slog to reach January's payslip seems to take forever. With plunging temperatures and snowfall resulting in everyone cranking up the thermostat, many of use are worried more than ever about our finances.
Changing your current account might seem like a laborious process, but it's actually super quick and is a great way to boost your bank balance amid the cost of living crisis. Of course, changing banks will cause your credit score to momentarily dip, so if you're thinking of getting a mortgage in the next few months - it might be worth hitting pause on this little hack.
Martin Lewis' Money Saving Expert team has compiled a list of three banks currently offering generous bonuses for switching. Here's all the conditions you need to know, including how long it will actually take for the free cash to show up in your account.
1. First Direct. Owned by HSBC UK Bank Plc, First Direct are offering newbies a £175 'welcome bonus', a £250 interest-free overdraft (subject to status), access to a 7.00 per cent AER/ gross Regular Saver account, and zero fees for using your card abroad. You'll get the free cash within 45 days of opening your account using the Current Account Switch Service if you meet the following conditions:.
