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Chronicle Live
National
Zahra Khaliq & Sonia Sharma

Martin Lewis says two banks are paying £175 to new and existing customers for switching accounts

Martin Lewis NatWest RBS MoneySavingExpert

MoneySavingExpert Martin Lewis has explained how two banks are giving away £175 to new and existing customers who switch to their current account.

The incentive offered by NatWest and RBS is among the most generous current account switching offers available at the moment. But each deal is on for a limited time, with NatWest’s running until November 3 this year, and RBS until just next month, October 20.

For those switching to NatWest, they must do so by applying online or via the mobile app and switch a current account held elsewhere no later than November 3, according to the MoneySavingExpert website. Existing RBS or NatWest customers can already have an existing account with either bank, but they’ll need to make sure they close down a current account they hold with any other bank via the Current Account Switching Service.

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