Nationwide is paying new customers £200 just to switch current accounts - and you could get the cash in time for Christmas.
The building society currently has the best switching offer on the market.
During the worst of the pandemic, these switching offers almost totally died out.
But now they are back - and many are pretty generous.
To get the £200, you will need to sign up for a Nationwide current account using the Current Account Switching Service.
You have to switch within 60 days of requesting it, and once your switch is successful you'll get the cash within 10 days - so with plenty of time before the festive period.
The options are Nationwide's FlexPlus, FlexDirect or FlexAccount current accounts.
To qualify for the cash boost, customers must complete a full switch, including a minimum of two active direct debits, which must be transferred to the new account.
The Nationwide current accounts eligible for £200 if you switch to them are:
FlexAccount : An everyday bank account where members can bank online and in-branch for no fee
FlexDirect: This is similar to the FlexAccount. It is free, and a perk is that it also pays 5% interest on up to £1,500 for a year - that's a maximum of £75.
FlexPlus: A packaged account with perks like worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover and commission-free use abroad. It costs £13 per month.
The new account can be opened on Nationwide’s website or via internet or mobile banking.
Nationwide director of banking and savings Tom Riley said: “With the rising cost of living, many people are reviewing their financial products to ensure they continue to offer good value.
"Nationwide is now offering a market-leading £200 to new and existing members who switch their current account to the Society."
Rival bank TSB is paying out £180 for people who take out its Spend and Save current account.
You'll get £125 by December 16 if you set up two direct debits.
The rest will be paid later.
But to get the cash you'll need to take the account out through MoneySuperMarket or MoneySavingExpert.
First Direct is also paying customers to switch.
The bank is paying £175 for people taking out its 1st Account.
To claim the money, customers will have to put £1,000 into the account when it opens.
After that, there is no minimum amount to pay into the current account every month.
NatWest and sister bank Royal Bank of Scotland is also paying out £175 to people who switch.
The NatWest and RBS Reward current accounts give switchers £175 in cash plus £5 a month cashback.
