Three banks are offering people £175 to switch their everyday banking services. Martin Lewis shared three easy ways to earn £175 in free money without having to spend a penny while on Good Morning Britain (GMB) co-presenting duties on Wednesday. The consumer champion explained to ITV viewers how three banks are currently offering the cash incentive to those willing to switch their banking services from their current provider.
Martin’s top picks for boosting your balance by £175 this summer are available through switching to Santander Edge, First Direct or Club Lloyds. He also explained how the Current Account Switching Service (CASS) provides a guarantee of protecting your money during and after the move by transferring everything in your old account to the new one, including Direct Debits, Standing Orders and any incoming or outgoing payments. The founder of MoneySavingExpert (MSE.
com) said: “Unless your bank account tickles your toes, makes you happy, gives you a massage, if you need some free cash check out whether you can ditch, switch and make yourself a little bit of free cash.” The financial guru gave a quick overview of each deal on offer, starting with his top pick - the Santander Edge account. Martin said: “Santander Edge, probably my overall top pick gives you £175 free and if you pay £3 a month it gives you 1% cash back on all the bills you paid for it by Direct Debit and 1% cashback on grocery and travel up to a maximum £10 for each category, so £2.
