Latest news with #FirstDirect
The Independent
2 days ago
- Business
- The Independent
Martin Lewis on the easy way to make £300 from five different banks
Martin Lewis revealed on This Morning that several Banks are offering up to £300 in cash and rewards for switching. First Direct, TSB, Nationwide, Santander, and The Co-Operative Bank are offering deals to new customers. The seven-working-day switch service closes your old account and moves standing orders and direct debits automatically. Recurring payments, like subscription services, are not automatically switched and must be changed manually. Lewis highlighted the ease of switching Banks using the provided service.
The Independent
2 days ago
- Business
- The Independent
Martin Lewis reveals easy way to earn £300 from five big banks
Showing now | Lifestyle 01:57 Holly Bishop Martin Lewis has revealed the 'easy' way to switch banks and earn up to £300 in cash and rewards. The money saving expert appeared on This Morning on Tuesday (3 June), where he revealed that five big banks are offering customers money if they make the switch. First Direct, TSB, Nationwide, Santander, and The Co-Operative Bank are all offering various deals to customers making the move. Lewis explained that as part of a seven-working-day switch service, banks will close your old account for you and move your standing orders and direct debits for you. He revealed that the only transactions that don't automatically switch are recurring payments, such as subscription services, so customers should remember to manually change this themselves.
The Independent
6 days ago
- Business
- The Independent
High-street bank offering £500 gift card to new customers – see if you are eligible
HSBC UK is offering a "VIP shopping experience" at Selfridges stores to new Premier customers, intensifying competition among major banks to attract affluent clients. The promotion includes a £500 gift card and other perks for those who meet specific criteria, such as earning a salary of £100,000 or more. To qualify, customers must fully switch to the bank's Premier account using the Current Account Switch Service (Cass). HSBC relaunched its Premier account in February. The bank said the account gives qualifying customers access to new and enhanced benefits focused on key themes of wealth, international, travel and health. 'We have redesigned our Premier offering to ensure our perks and benefits echo what our customers want from a premium bank account, all still without a monthly fee,' Sabine Fichaux, head of customer propositions at HSBC UK, said. The 'limited time' switching offer excludes existing HSBC and First Direct current account customers and is available to UK residents only. Full switches using Cass must be completed by 12 August, 2025. Eligible customers will be sent an email on or after 9 November, 2025 to claim their gift card. Last week, Lloyds Bank launched an account aimed at people with income or assets of more than £100,000. Lloyds' offer of an account combining financial perks with 'premium lifestyle services' is part of its moves to grow its presence in this part of the market. The Lloyds Premier account offers GP and wellbeing services, lifestyle benefits, travel perks, cashback, discounted mortgage rates and appointments with financial coaches, among its benefits. The account will also offer customers 'ready-made investment portfolios with zero management fees for the first year'. The deal also offers a 'Premier planning hub' within the mobile app, offering tools such as a 'net worth calculator' and 'wealth forecasting'. People can also access other perks such as fee-free spending abroad on debit cards, and cinema tickets.
Daily Mail
7 days ago
- Business
- Daily Mail
Santander offers £180 to switch current account - but also axes one popular Edge perk
Santander is the latest bank to offer a tasty cash carrot to customers willing to open one of its accounts - joining the likes of Nationwide, First Direct and Co-op. However, it has also removed one of the cashback perks for customers who use its popular Edge account. The bank will pay £180 to new and existing customers who switch their bank account to a Santander Everyday, Edge, Edge Up, or Private current account. To get Santander's switching cash, customers need to complete a switch request either online or in a Santander branch. They can do so from today, but Santander has not said when the deal will close. They must complete the full switch within 60 days of the initial switch request. This means closing their previous account, and paying in at least £1,500 to their eligible Santander account. This can be done across multiple payments. At least two active direct debits must be set up within 60 days of the switch request. Customers who already had a Santander current account as of 1 January 2025 will not be eligible. Eligible customers will get the £180 payment within 90 days of starting the switch process if all the switching criteria have been met. Santander axes some of Edge cashback perks Santander also announced it will no longer pay 1 per cent cashback on shopping and travel spending on a debit card, for those who use its Santander Edge and Edge Up accounts. Customers will continue to receive 1 per cent cashback on selected household bills, up to £10 for Edge and £15 per month for Edge Up. The card can also be used for fee-free spending abroad. The Santander Edge account comes with a £3 monthly fee while the Santander Edge Up account has a £5 monthly fee. Customers who have these accounts need to carefully calculate how much cashback they are making on their utility bills and be sure it is not less than the amount the monthly fees wipe off. Customers can calculate how much cashback they would make here. What other banks have switching deals? Santander's deal comes as Nationwide today launched a £200 switching deal for existing savings or mortgage customers who move their current account to a Nationwide current account. Nationwide also announced it will pay 4million members £100 each as part of its third annual Fairer Share payment. First Direct and Co-op are both paying customers £175 to switch their current account. Meanwhile TSB is offering up to £190 to 'switch and stay,' with £100 offered up front and the rest paid as £90 cashback over six months. Customers can also choose to get a £120 hotel or activity voucher which would come in January 2026. Its clear the impact cash incentives have when it comes to signing up new customers. Between September 2024 and March 2025, Nationwide was paying a £175 switching bonus. This resulted in it reeling in 81,584 new customers in last three months of 2024 - and gaining 51,254 more customers than it lost - according to data from the Current Account Switch Service.
The Independent
7 days ago
- Business
- The Independent
Major bank moves to attract rich customers with ‘VIP experience'
HSBC UK is offering a "VIP shopping experience" at Selfridges stores to new Premier customers, intensifying competition among major banks to attract affluent clients. The promotion includes a £500 gift card and other perks for those who meet specific criteria, such as earning a salary of £100,000 or more. To qualify, customers must fully switch to the bank's Premier account using the Current Account Switch Service (Cass). HSBC relaunched its Premier account in February. The bank said the account gives qualifying customers access to new and enhanced benefits focused on key themes of wealth, international, travel and health. 'We have redesigned our Premier offering to ensure our perks and benefits echo what our customers want from a premium bank account, all still without a monthly fee,' Sabine Fichaux, head of customer propositions at HSBC UK, said. The 'limited time' switching offer excludes existing HSBC and First Direct current account customers and is available to UK residents only. Full switches using Cass must be completed by 12 August, 2025. Eligible customers will be sent an email on or after 9 November, 2025 to claim their gift card. Last week, Lloyds Bank launched an account aimed at people with income or assets of more than £100,000. Lloyds' offer of an account combining financial perks with 'premium lifestyle services' is part of its moves to grow its presence in this part of the market. The Lloyds Premier account offers GP and wellbeing services, lifestyle benefits, travel perks, cashback, discounted mortgage rates and appointments with financial coaches, among its benefits. The account will also offer customers 'ready-made investment portfolios with zero management fees for the first year'. The deal also offers a 'Premier planning hub' within the mobile app, offering tools such as a 'net worth calculator' and 'wealth forecasting'. People can also access other perks such as fee-free spending abroad on debit cards, and cinema tickets.
