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5 Banks Offering £200 Free Cash to Switch – Here’s How to Claim

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Who’s Offering Cash—and How to Get It

Here are the standout offers from top banks offering up to £200:

1. Nationwide Building Society — Up to £200

Nationwide is among the most generous. Online reports confirm both existing and new customers can earn up to £200 for a solo switch, or £400 for a joint switch.

2. Lloyds – Club Lloyds Account — £200

Switching to Club Lloyds (Basic, Silver, or Platinum) earns you £200. There’s a small monthly fee—usually waived if you deposit enough cash monthly.

3. First Direct — £175

Open a 1st Account with First Direct and you’ll receive £175 as long as you switch via CASS and meet conditions like paying in £1,000, setting up two direct debits, making five card payments, and logging into online banking.

4. Barclays — £175 + Perks

Switch to a Barclays account (e.g., Blue Rewards) and get £175. Additional perks may include cashback and subscriptions like Apple TV+.

5. NatWest — £125 + £50 Savings Bonus

NatWest offers £125 when you switch to their Select or Reward accounts, plus an extra £50 if you open a Digital Regular Saver within 60 days. That brings total potential earnings to £175.

6. Other Offers worth knowing

  • TSB: Up to £100 upfront, plus £90 stay bonus, cashback, and hotel credit—total rewards can reach £310 when all perks are counted.
  • Royal Bank of Scotland (RBS): Mirrors NatWest with a similar £175 offer for Select/Reward account holders.
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