Martin Lewis says get up to £175 free cash from | European Markets

Cash professional Martin Lewis says bank clients can get up to £175 free money from Nationwide, First Direct or Santander – in addition to more money on high within the subsequent 12 months.

Returning on The Martin Lewis Cash Present Reside on ITV1 and ITVX, Martin instructed his viewers how to secure a whole lot of kilos just by swapping your bank account.

Financial institution switching is straightforward, with most finishing in a few days routinely, because of banks within the UK being signed up to the bank switching service, which is able to routinely transfer throughout direct debits and payments.

All three produce other perks although, akin to cashback on payments or spending, an abroad fee-free debit card or a linked high curiosity financial savings account.

Martin stated: “First Direct gives new customers £175, 91% great service, a 7% regular saver for up to £300 a month in, it’s got a top card for spending overseas, it’s a debit card so you don’t pay any exchange rate difference, just the exchange rate on the day, and most get a £250 0% overdraft.

“An all rounder, Nationwide also £175 for free, it gives you 5% interest, on up to £1,500 easy access, 1% cashback for 12 months, up to a maximum £5 a month on your debit card spending, and it’s got a 6.5% regular saver although the maximum is lower than First Direct so the interest is actually quite a bit lower over the year.

“And finally if you’ve got a bills account, good for a joint bills account this, Santander Edge account gives you a free £150. You pay it £3 a month and you get cashback on your bills, up to a maximum of £10 a month, cashback on bills paid via direct debit, plus get 1% cashback on grocery or travel cashback up to £10 for a maximum of £20 a month, that easily covers the fee and more so people are mostly making money. You’ve got a 6% easy access savings, and it’s also got an overseas debit card.

“So unless your bank account’s making you happy right now why not take a look at what’s out there, get paid to switch, possibly improve your service and get paid when you’re paying your bills.”

One girl instructed Martin: “Thanks to you I’ve made £800 last year for just switching a bank account around and earning at least 5.2% on my savings.”

Martin added: “You’ve got to be able to keep moving them to different accounts in order to do that, some people have mule accounts they do it with.”