Seven Banks Offer Cash Bonuses Before Christmas – Here’s How to Claim

As the holiday season approaches, seven banks are enticing customers with attractive cash bonuses, as detailed in the latest newsletter from MoneySavingExpert (MSE.com). These offers allow individuals to earn up to £400 simply by opening an account, presenting a lucrative opportunity for those looking to enhance their finances before Christmas.

The banks participating in this initiative include Barclays, First Direct, Club Lloyds, TSB, Nationwide, NatWest, and Santander. Each institution is vying for new customers by providing cash bonuses and exclusive perks. Notably, switching bank accounts has become simpler, thanks to the Current Account Switch Service (CASS), which ensures funds are safely transferred within seven working days.

Details of the Offers

Barclays stands out with its Premier account, offering a remarkable £400 in free cash, scheduled to be paid out by December 9, 2023. To qualify, customers must have an annual income of £75,000 or more. In addition, Barclays provides a separate switching deal that grants £200 in cash along with a free subscription to Apple TV+, contingent on joining the bank’s Blue Rewards scheme. Although the scheme incurs a monthly fee of £5, customers can cancel it immediately after receiving the bonus.

First Direct has also made a compelling offer, providing a £175 bonus with payouts due by November 20, 2023. This account includes a £250 interest-free overdraft and access to a savings account with a generous 7.00% AER. Customers can gain immediate access to their accounts and a virtual card upon approval.

Club Lloyds is offering a £200 bonus, with payouts scheduled for November 12, 2023. Both the Club Lloyds and Premier accounts require monthly fees of £5 and £15 respectively. It is essential to note that customers who have received a switching bonus from Lloyds, Bank of Scotland, or Halifax in the past five years are not eligible for this offer.

Nationwide is also competitive, offering a £175 bonus within ten days of completing the switch. Additionally, customers can receive £3 per month cashback and a linked regular saver account with an interest rate of 5.5%.

How to Take Advantage of These Offers

To access these enticing offers, interested customers should visit the respective banking websites or check MSE.com for comprehensive details on the switching deals and the latest savings rates. By taking advantage of these offers, consumers can secure financial bonuses that may ease the financial burden during the festive season.

As competition among banks intensifies, customers have the opportunity to benefit from these promotions. With a little research and timely action, individuals can maximize their financial rewards before the holiday season.