You may or may not be completely satisfied with your bank account, but can you get more by switching your account?
Switching bank accounts has never been easier. By simply completing an application, you can move all your standing orders, direct debits and balances across to a new provider and in return be offered a cash incentive to do so.
To see how easy it is, have a read on the Current Account Switch website to get the full low down.
In order to take advantage of most cash incentive offers, you have to transfer at least 2 active direct debits across, close you hold account down and pay in a minimum monthly amount. The current account switch service does all this for you so once you have set up your new account, just sit back and relax.
HSBC are currently offering £150 for switching to their HSBC Advance current account. You do have to pay in £1750 per month in order to qualify.
First Direct offer £100 paid into your account if you pay in at least £1000 a month.
You can also use the service to transfer to banks who do not offer the larger current account incentives but instead offer an amazing service.
Monzo and Starling are digital only bank accounts. They have no branches and offer customer services via in app chat which is available on iOS and Android. But thanks to this, they are able to offer a fabulous way of banking. I love using Monzo thanks to the easy way to keep on top of your money. It offers instant notifications when you are paid or money is taken from your account. The ability to save through Round Ups – placing the difference to the closest pound in a savings account which Monzo call a pot. They also offer a 1% interest savings account, but you do have to deposit £1000 to set one up.
Monzo don’t offer huge amounts for joining but nor should they – once you use the account you will see for yourself how great they are. They have also just been rated top Bank Account on a MoneySavingExpert poll. If you would like to try them out, its free and both you and I can bag £5. Click on this link to sign up*.
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