Major UK bank brings BACK offer that gives new customers £150 free cash for making simple switch – how to claim payment
A MAJOR UK bank has relaunched its popular cash incentive that gives new customers £150 – here’s how to claim it.
The simple offer benefited thousands of customers last year, just by switching their current account.
By switching to the Co-operative Bank, eligible customers will receive £75 immediately.
Then, they will receive three monthly instalments of £25.
Combine the three monthly instalments with the original £75 and and customers can pocket £150.
Plus, they can gain exclusive access to a market-leading Regular Saver account with 7 per cent interest offered on deposits of up to £250 per calendar month.
But be warned, this is a time sensitive offer available to new and existing customers who switch to an eligible Co-operative Bank current account.
The accounts included in the offer are: A Standard Current Account, Current Account Plus, Privilege, Privilege Premier or Everyday Extra account.
Like any good offer, there are a few boxes to tick off before the big payment comes in.
Customers must apply on or after February 6 for a Standard Current Account or Everyday Extra account.
And they must not have benefited from a switch incentive at The Co-operative Bank since 1 November 2022.
To receive the first £75, customers must deposit a minimum of £1,000 into their new account, have two active Direct Debits and make a minimum of 10 debit card or digital wallet transactions.
They must also register for Co-op Bank’s online banking service and set up the debit card in a digital wallet.
To receive the cash, customers must:
To receive the first £75:
- Deposit a minimum of £1,000 into their new account (this includes balances transferred as part of the switch).
- Have two active Direct Debits.
- Make a minimum of 10 debit card or digital wallet transactions (pending payments will not count toward the fulfilment of this criteria).
- Register for our online and/or mobile banking service.
- Set up the debit card in a digital wallet (Apple Pay, Samsung Wallet or Google Pay).
To receive the final three instalments:
- Deposit a minimum of £1,000 into their account.
- Have two active Direct Debits, and make a minimum of 10 debit card or digital wallet transactions.
To claim the final three £25 instalments, customers must deposit a minimum of £1,000 into their account, have two active Direct Debits, and make a minimum of 10 debit card or digital wallet transactions.
It’s always advisable to check whether an offer is right for your personal circumstances.
John Ward, Chief Commercial Officer, said: “Our popular switching offer, relaunched today, allows eligible new and existing customers to benefit from up to £150 for switching and staying with The Co-operative Bank as their main current account provider.
“We hope the offer, plus exclusive access to our market-leading Regular Saver account, will encourage more people to consider switching to The Co-operative Bank – the only UK high street bank with a customer-led Ethical Policy, which guides how we do business.”