On the Christmas Special of his ITV show the Money Saving Expert said with only one month left until the big day, Britons could switch bank accounts with many paying the sweetener in time. Eighty one percent of people who have switched banks said it was easy and hassle free.
Another option is the NatWest Reward account which adds up to £150 – £100 initially and a further £50 after six months.
Virgin Money might appeal to wine lovers as it is enticing customers with 12 free bottles of wine or £150 in vouchers.
When it comes to bank accounts, there is no one size fits all.
Customers should study the other benefits as some have cashback offers on bills and other added incentives.
The most common (26 percent) switching period was every three to five years.
Nowadays the Current Account Switch Service should mean that changing banks is hassle free.
When switching, an individual’s new bank will switch all payments and transfer the balance on their behalf.
It’s covered by a guarantee so if anything does go wrong, Britons will get their money back.