Martin Lewis’s MSE reveals how to claim £205 FREE cash from major UK bank – are you eligible?
MARTIN Lewis has revealed how to claim £205 of free cash from a major UK bank.
The Money Saving Expert founder has revealed that customers can receive £205 from the bank if they apply before midnight on Monday.
The deal from HSBC allows you to claim the £205 by setting up an HSBC Advance or Premier account. Only new customers will receive the £205.
Martin posted: “Right now there’s a bank that will pay you for opening an account, but you don’t need to use its switching service.
“You don’t need to switch to it so you can keep your old bank and your normal banking systems up and running.
“And you can effectively just open this to get the free cash.”
Martin also shared how couples can claim more than £205, as the Money Saving Expert said: “In fact, if you’re a couple, and I have already had many people doing this, both of you can do it.
“So there’s £205 each, which would be £410 between two of you.”
Martin explained that in order to receive £205 candidates will have to pass a credit check.
He said:”When you apply, you will need to pass a credit check. It’s credit checking in case you want an overdraft. So not everyone will be accepted.”
Other high street banks also have similar cash offers right now. Customers switching to a NatWest Reward or RBS Reward current account can pick up a £200 switching bonus.
But you must switch from a different bank, deposit £1,250 into your account and log into the mobile banking app within 60 days.
On meeting these requirements you’ll receive the £200 free cash after seven calendar days.
Customers switching to a TSB Spend and Save or Spend and Save Plus current account can get a £200 switching bonus.
Customers get the first amount worth £125 by September 30 after setting up a minimum of two direct debits, using their debit card at least once and logging into internet banking.
The additional £75 is then paid into new accounts by March 31, 2024, but only if you have paid at least £500 into the account each month and have made five debit card and two direct debit payments each month.
Customers signing up for a First Direct 1st Account can get £175 in free cash. You have to deposit £1,000 within three months of opening the account though.
Once you have done this you’ll receive the bonus within 28 days.
But you won’t be eligible for the bonus if you have opened a HSBC current account on or after January 1, 2020.
Martin recently warned two million drivers to check a code on their driving licence – or risk an eye-watering £1,000 fine.
Speaking on The Martin Lewis Podcast, the MSE founder urged listeners to take a quick look at their photo ID.
While most motorists will not need to renew their UK driving licence until they hit 70 – there is a vital thing they DO need to update more frequently.
The money expert has also revealed a way of saving money while you sit on the sofa – and it can save hundreds.
On a recent episode of The Martin Lewis Money Show Live the host said that Brits make themselves colder by mistake – and that there is an easy hack to combat this.