Major UK bank will now pay you £185 to switch to them
This UK bank will give you £185 to switch
- Lloyds Bank is offering a market-leading £185 cash incentive for new customers who switch their current account using the Current Account Switch Service (CASS).
- To qualify for the Lloyds offer, customers must open a Club Lloyds or Lloyds Premier account, have at least three active direct debits, and not have received a switch bonus from Lloyds, Halifax, or Bank of Scotland in the past five years.
- Beyond the initial cash bonus, banks like Lloyds often provide additional perks such as high-interest savings accounts, with Lloyds offering 6.25 per cent on their Monthly Saver.
- Other banks also offer competitive switching deals, including First Direct with £175 and a 7 per cent savings rate.
- Consumers are advised to thoroughly review all terms, conditions, and potential fees associated with any new account.