Lloyds and Nationwide customers handed free payments worth up to £700

Lloyds and Nationwide customers handed free payments worth up to £700
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Lloyds has become the latest bank to offer customers up to £200 free cash directly into their current account. Lloyds is offering new and existing customers up to £200 free cash as more and more banks try to entice people to switch.

Customers who make the move to the Club Lloyds account can anticipate the £200 to be deposited within three days. To complete the switch, customers have the option to either scan the QR code found on the bank's website or utilise the mobile app.

Upon completion, Club Lloyds customers will have the opportunity to choose from an array of perks, including a 12-month Disney+ subscription, a selection of Vue or Odeon cinema tickets, a magazine subscription, or a Coffee Club and Gourmet Society membership.

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Lloyds has verified that customers who transition to their Club Lloyds account can bag a hefty £200. The free cash offer, available for those who switch between October 2 and December 10, is open to both new and existing customers.

Nationwide - £175

Nationwide is currently offering £175 for free if you switch to its FlexDirect account, according to MSE. And switching to the Co-op Bank at the moment could also mean you qualify for a free £150. To be eligible you can't have switched into a Nationwide account, or have received switch cash from Nationwide, since August 18, 2021.

Open the account online or via app (you can also switch into an existing FlexDirect account, though you won't get the five percent interest or one percent cashback perks Switch in an account from a different bank including two plus direct debits within 28 days Within 31 days of requesting the switch, pay in £1,000 or more and make at least one payment using the debit card. The £175 will be paid within 10 days of meeting all the criteria.

First Direct - £175

The offer is only available to customers who have not opened a current account with either first direct or HSBC, its parent company, since 1 January 2018. To receive the bonus, costumers must make a full switch under the Current Account Switch Service (CASS). They must also credit the new account with at least £1,000, log into mobile banking and use their debit card five times – all within 30 days of opening.

The same switch incentive had been previously withdrawn by the bank on 31 July.

Co-op - £150

To get the initial £75 from the Co-op Bank,you must open a new account and request to switch in an account from a different bank within two weeks (or switch into an existing account) and complete a full switch within eight weeks.

Within 30 days of the switch completing: deposit £1,000 plus, have two plus direct debits, register for digital banking, add the debit card to a digital wallet (for example, Apple/Google Pay) and make 10 or more transactions using the debit card (including via digital wallets). The £75 will be paid within seven days of meeting all the above criteria.

To get the £25 a month for three months, qualify for the £75 bonus above. You'll get £25 in each month that you: deposit £1,000 or more, make 10 or more transactions using the debit card (including via digital wallets) and, on the last day of the month, have two or more active direct debits.

Each £25 is paid within seven days of the end of your monthly period.