SAVVY Brits have just days left to nab £175 in free cash by switching bank accounts.
Lloyds Bank is ending its current account switching deal on July 30, so you have just three days left if you fancy the cash boost.
The popular bank is offering switchers £175 if they open one of three accounts: Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum.
You can also open up a host of other perks by opening one of the accounts, including free cinema tickets and a Disney+ subscription.
To get the money, you have to open an account online, by phone or in-branch, then switch to an account from a different bank including three direct debits by July 30.
The £175 will then be paid within 10 working days of you having started the switch.
It is important to read all the terms and conditions to make sure you fully understand the offer.
Banks and building societies regularly offer switching incentives if you move your bank account across – and it is usually an easy process.
It can be done through the Current Account Switch Service (CASS).
Dozens of high street banks and building societies are signed up – there’s a full list on CASS’ website.
Under the switching service, swapping banks should take seven working days.
You don’t have to remember to move direct debits across either. All you have to do is apply for the new account you want, and the new bank will tell your existing one you’re moving.
Also you should remember you do not have to switch bank accounts if you are happy with your provider.
You won’t be eligible for Lyloyds switch if you received a switching bonus from Lloyds, Bank of Scotland or Halifax since April 2020.
Bear in mind, that all three of the accounts you can switch to come with a monthly fee worth up to £21.
But these fees are waived when you pay in £2,000 or more each month.
t is important to keep an eye on popular UK bank’s websites for future deals.
But if free cash isn’t the key motivation for you, there’s plenty of accounts out there offering newbies other perks.
Switching current accounts has long been an easy way to pocket free cash from banks luring in new customers.
However, these lucrative deals might not be for everyone.
But other perks including free travel insurance, interest-free overdrafts, and cashback, can also make shifting providers worthwhile.
Overdraft debts can easily add up, so if you’re prone to slipping into the red, ensure you have an account with the lowest possible fees.
First Direct’s fee-free 1st Account offers an interest-free arranged overdraft on balances up to £250.
New customers of Nationwide’s fee-free FlexDirect account will get interest-free arranged overdrafts on balances up to £1,500 for the first year of the account opening.
Remember, an interest-free overdraft should only be used in an emergency or to tide yourself over during an expensive month.
You can make free money from banks with great cashback perks.
The Santander Edge account pays one per cent cashback on selected household bills and travel spending.
Bear in mind, earnings are capped at £20 a month and the account comes with a £3 monthly fee.
The app-only Chase current account also pays customers one per cent cashback on most debit card spending.
You can get up to £15 a month in cashback without a monthly fee.
Switch current accounts and you can access top saving rates.
For example, Barclays fee-free bank account customers can join its Blue Rewards scheme and apply for a linked Rainy Day Saver which pays 5.12 per cent interest on up to £5,000.
Chase also offers savers a 5.1% savings account from within the account.
SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS).
Dozens of high street banks and building societies are signed up – there’s a full list on CASS’ website.
Under the switching service, swapping banks should take seven working days.
You don’t have to remember to move direct debits across when moving, as this is done for you.
All you have to do is apply for the new account you want, and the new bank will tell your existing one you’re moving.
There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account.
You should get in touch with your existing bank for any old statements.
When switching current accounts, consider what other perks might come with joining a specific bank or building society.
Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts.
And some banks offer free travel or mobile phone insurance with their current accounts – but these accounts might come with a monthly fee.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories