Are you happy with your bank? Do you moan every time you open the app on your phone because it's always in maintenance mode? Maybe you are sick of the company closing down branches and your nearest one is now miles away? If you are considering switching banks, why not get rewarded for it? Did you know that there are banks that will pay you to switch to them? You could make over £100 for simply switching who you bank with. Let's look at how to get paid to switch banks.
Find a decent incentive
A quick online search will show you plenty of incentives that you can take advantage of and get paid to switch banks. You need to look for anything above £100. Some of the incentives are pushing towards £200. Which is fantastic when you think about it. It's money for nothing. Don't have loyalty to your bank because the only loyalty they have is to their shareholders. If you can switch and get paid, that's a great way to earn a bit of extra cash.
It is all taken care of
The best thing about switching banks is that it is all taken care of for you. The current account switch guarantee gives you the peace of mind that it will be sorted for you. There are more than 40 banks and building societies part of this and 8 million accounts have been switched this way. Any payments to your old account will even be forwarded on. It's simple, reliable and easy to use. Making anyone wanting to get paid to switch banks, enjoy an easy process.
Check the details of your new account
It is great getting financially rewarded for switching banks. However, you need to be aware of the account that you are switching to. It might have a great cashback programme on the debit card or give you a decent overdraft without no charges. So often, banks have a monthly charge for some of their accounts. If that incentive is going to be eaten up with charges in the first six months, you might be better looking elsewhere for a different switch offer. Check all the details of your new account before you switch to it. There might be some benefits of the new account that you hadn't even considered over and above the financial incentive. There could be included benefits such as mobile phone or travel insurance. Certain additional benefits might mean that it is a great account for you to switch to.
Some people do these every few months
With free money on offer for simply switching banks, some people do this more often than you might think. If you could switch even twice within a 12-month period, that could be £300 or more in your pocket, for free! In times where bills are rising and everyday items are more expensive than previously, that could be a huge addition to your bank balance. Use it to pay the bills or pop it away for a summer camping trip. Take advantage of these incentives and enjoy that cash.
With the process of switching your bank account so simple and the amount of money on offer for switching, why would you not want to take advantage of these offers? Get paid to switch banks and make money today!
