Get all your news in one place.
100's of premium titles.
One app.
Start reading
Wales Online
Wales Online
Ryan O'Neill

HSBC, Lloyds, First Direct: All the banks that pay you cash to switch and how much you get

With rising costs of living impacting households all over the UK, many people are looking for new ways to earn some free cash. Last week Chancellor Rishi Sunak announced a support package worth £15 billion which will see people given hundreds of pounds in the coming months. Everyone in the country will get £400 to help with their energy bills following the news that the energy price cap could rise to £2,800 in October.

The new payments are the latest attempt to ease the financial concerns of millions of people being hit with rising living costs in recent months, including increases to supermarket costs, council tax, National Insurance and energy prices. However, charities have already warned thousands face being plunged into poverty unless more is done to help those most in need.

If you're looking for extra money, you could consider changing your bank as many banks offer free money when you switch. Money Saving Expert warns that to avail of the perks, you usually need to be a new customer, pass a credit check, and use the bank's official switching service. All accounts are available both as single and joint accounts.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.