CASH hungry consumers have just WEEKS left to get their hands on £125 for free.
Not only that, but they could snag tickets to the flicks worth up to £65 on top of the cash bonus too.
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Martin Lewis revealed the glut of rewards in the latest installment of his MoneySavingExpert newsletter.
The money boost is simple enough to get a hold of, but you have to do a switching step before it’s yours.
That involves switching over your current bank account to Lloyds Bank.
To get the cash you need to apply and start a switch before June 27.
That gives you just weeks left to claim.
The good news, is that you’ll get your promised £125 in just 10 days time.
There’s a couple more steps you have to do before the cash is in your hot little hand though, so it’s important to check the bank is right for you before making the leap over.
The reward is only eligible for those that switch to at least a Club Lloyds Account.
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The downside of this is that there’s a £3 monthly fee that comes in tow.
That fee is wiped clean and refunded each month if you put in at least £1,500 into your account though.
But the cash you do have to fork out for to be a part of the “club” comes with its own perks.
You get to pick one of these four perks for the year as part of your membership:
- Six free cinema tickets – worth £35-£65, depending on location
- 12 digital movie rentals – worth around £55
- A magazine subscription – worth £30-£50
- Or a Gourmet Society membership – worth around £40
Keep in mind that if you’ve had a switch bonus from Lloyds since April 2020, you won’t qualify for any of the switch bonuses.
It’s not the only bank offering up cash though, if Lloyds’ rewards aren’t up to scratch.
First Direct customers can get £150 for switching, while HSBC is giving away £170 upfront.
Meanwhile, Nationwide will pay a free £100 to new customers making the leap over, and it’s even rewarding its own customers with £125 for switching “in-house”.
Just don’t get too swept up in the free incentives, you should be sure to check all the eligibility criteria before signing up.
Just as Lloyds’ offer has, there might be other requirements for claiming the freebie, which could leave you out of pocket or with a product that you don’t need.
Some savers can’t get enough of the rewards though, one savvy “serial switcher” managed to save away £400 a year with multiple jumps.
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