If you could do with a little bit of extra cash, you may think that you have exhausted all options. Maybe you've sold the belongings you are willing to part with. Perhaps you have taken on a second or third job. Have you thought about who you are banking with? Did you know that you could get £100 for opening bank account with a different company? Let's have a look at how you get your hands on that hundred pounds or maybe even more!
Get Paid To Switch
Many of us open a bank account in our teenage years, or a student one when we get to university, and then stick with that same bank for the rest of our days. That's great, for the bank! Maybe you decided upon them because they were the only bank with a branch in your hometown when you were younger and needed that access. It could be that they were giving away a three-year rail card with a student account, perfect for getting to and from home! However, that rail card isn't the only incentive on offer from banks. They compete for our business, they want your money in their institution. This is why they will often pay you for switching your current account to theirs. This is how you can get £100 for opening bank account!
Easy, Simple & All Taken Care Of
One of the best things about switching banks is that it is easy, simple and all taken care of for you. The current account switch service organises everything once you've told them where you are moving from and going. They even forward any future payments that find their way to your old bank, on to your new one. That means you can sit back, enjoy the services of a new bank and wait for that bank switch incentive to land in your account.
Best Incentives Available
There are many great incentives available, however, they change all the time. At the time of writing this, you can get £125 for moving to TSB, £175 for going to First Direct, and a massive £200 for switching to Santander. As mentioned, these change all the time and might not be available when you go looking for them. A quick online search will give you the best offers currently available. Taking advantage of one of these is a great way to get paid £100 for opening bank account!
Check For A Linked Savings Account Too
It isn't just the bank incentive that you need to look at. Some of the major banks have a linked saving account that is only available to those who bank with that establishment. That means you might be able to access a 5% savings rate on up to £5000. Before you switch to a new bank, be sure to check if they have one of these, as it might be worth taking a slightly smaller incentive in order to get your hands on a higher percentage rate for your savings.
Switching your bank account is a great way to earn a lump sum of money. An extra bit of cash is something many of us would love right now so don't stay loyal to your bank if another one will pay you to join!
