A leading UK bank has brought back its popular cash incentive, offering new customers £150 for switching their current account. The promotion, which benefited thousands of customers last year, is now available again for a limited time.
Customers who switch to The Co-operative Bank will receive an initial payment of £75, followed by three monthly instalments of £25. This brings the total reward to £150. Additionally, customers will gain exclusive access to a Regular Saver account offering a competitive 7% interest rate on deposits up to £250 per month.
This time-sensitive offer is open to both new and existing customers who switch to an eligible current account with the bank. Eligible accounts include the Standard Current Account, Current Account Plus, Privilege, Privilege Premier, and Everyday Extra accounts.
To qualify, applicants must apply on or after February 6 and must not have received a switching incentive from The Co-operative Bank since November 1, 2022. To receive the initial £75 payment, customers must deposit at least £1,000 into their new account, set up two active Direct Debits, and make at least 10 debit card or digital wallet transactions. They must also register for the bank’s online banking service and add their debit card to a digital wallet.
To claim the remaining three £25 instalments, customers must continue to meet these criteria each month.
As with any financial offer, customers are advised to consider whether this incentive aligns with their financial needs.
John Ward, Chief Commercial Officer, stated: “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, along with 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 guiding our business operations.”
Stay tuned for more updates on this promotion and other financial offers, only here at London Pulse News.
