Martin Lewis reveals how you can get £175 of free cash to spend on holiday… but you must act NOW
MARTIN Lewis’ MoneySavingExpert has revealed how Brits can get £175 of free cash to spend on holiday.
MoneySavingExpert (MSE) is urging holidaymakers to act now to boost their budget.
First Direct is currently offering a cash incentive for people who switch to banking with them.
The team at Martin Lewis‘ MSE said: “New switchers to First Direct’s bank account get a FREE £175 – which could boost your holiday budget (though it’ll take a month for you to get it) – plus its debit card is now a specialist one for going abroad, so you get the same near-perfect foreign exchange rates banks do.
“Other perks include a linked 7% regular saver and a £250 0% overdraft for many.”
But if you are being tempted by the offer and are thinking about switching there are a few things you need to know first.
You’ll need to pay in at least £1,000 within three months of opening the account.
In order to get the bonus applicants can’t have ever had any account with First Direct previously, such as a current account, credit card or mortgage.
You also can’t have opened a current account with sister bank HSBC since January 2020.
It comes after a Martin Lewis fan revealed how they saved more than £1,000 on their holiday after following a handy tip.
Speaking on his latest episode of the BBC 5 Live show The Martin Lewis Podcast, Martin shared his top 10 holiday tips for those going abroad this summer.
One of Martin’s tips for holidaymakers this year is to check if the hotel you have booked is cheaper now than when you booked.
This is a handy thing to know if your booking allowed for free cancellation, so you could swap to a better deal.
He recommends using comparison sites like SkyScanner, TripAdvisor, Trivago and Kayak.
Martin revealed that a holidaymaker called Andrew had used this tip had managed to save over £1,000 after re-booking a different hotel.