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Liverpool Echo
Liverpool Echo
Business
Kate Lally

Martin Lewis trick sees woman grab £1,335 free cash

A Martin Lewis fan has shared how she got her hands on £1,335 in free cash after using a trick he shared on his Money Saving Expert site.

The finance guru has again told people how they can make money by switching their bank accounts. How it works is banks offer a cash incentive for people to move their custom to them rather than sticking with their current providers.

Savers will need to meet certain criteria to claim the cash. For example, NatWest and RBS are offering a free £200 switching bonus for their Reward accounts, but you'll need to pay in £1,250+ and use the app within 60 days.

READ MORE: Martin Lewis issues six day warning over 68p item as he urges people to stock up

You also can't have had switch cash from NatWest, RBS or Ulster since October 2017, and you'll have to switch in an account from a different bank.

Other banks are also running similar offers, according to MSE. Anyone who switches to First Direct's 1st Account will get £175 for free, as well as a 7% saver and a £250 0% overdraft.

You can't have ever had any accounts with First Direct, though, and you also can't have opened a current account with HSBC since January 2020. To be eligible for the rewards, you need to switch from a different account, pay in £1000 or more within three months.

Mr Lewis has also shared a message he received from a fan who has used the trick a number of times, and managed to bag herself a whopping sum of cash. He said an email from Debbie reads: "Since last week, I have received another bank switch cashback, and my latest total is £1,335."

For the bank switching information in full, as well as which banks are offering incentives, read the MSE article here.

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