Power switching: banks compete for current account customers with cash payouts

By The Guardian   |   1 month ago
Power switching: banks compete for current account customers with cash payouts

Several high-street banks are offering cash bonuses up to £175 for switching current accounts. Banks like NatWest, First Direct, Lloyds, and Nationwide are among those with limited-time offers. These incentives vary, with requirements like deposit amounts, direct debits, and digital banking usage.

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