Bank switching season is here, and major banks including RBS, NatWest, Lloyds, Santander, HSBC, First Direct and Ulster are offering a record amount of money to customers who make the switch.
Santander is also giving a 7% savings rate and monthly cashback offers which could push that total even higher. Switching banks is easy thanks to the simple switch service that all these banks have signed up to.They'll automatically transfer all your direct debits and standing orders, so you won't miss any bill payments or subscriptions. Currently, the biggest cash incentives are from RBS, NatWest and Ulster, each offering £200.
Each bank account comes with different benefits, so the upfront cash is just the beginning. You should know that there's no limit to how many times you can change banks, and since we don't know how long these offers will last, you should really start switching now.
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