April is offering up an absolutely bumper pack of switching deals, with 5 offers ranging
from £100 gift cards to £150 in cold hard cash.
In this video I’m going to cover the top deals including what you need to do to bag
the cash and some of the pros and cons of the accounts.
Virgin Money is offering a £100 gift card with Virgin Experience Days when you switch
all direct debits and outgoing payments to your new Virgin account, download and log
into the Virgin Money mobile banking app and pay at least £1,000 into your linked M Plus
Saver or Club M Saver accounts within 45 days of opening the account.
The money must also stay in your savings accounts until you receive your gift card.
The account comes with a bonus 3% interest rate on balances up to £1,000 for the first
year, no account fee and exclusive linked savings accounts.
To get this offer you can’t already have an M, M Plus or Club M current account, or
have closed one since 30 November, 2021.
You must also not have previously taken up a Brighter Money Bundle or Virgin Red Points
offer for switching to Virgin Money.
New customers can bag £100 when they open a Nationwide FlexDirect account.
For existing customers it’s £125.
To qualify you need to use Narionwide’s internet or mobile banking to switch to a
FlexDirect, FlexAccount or FlexPlus current account and use the current account switching
service to complete a full switch.
You’ll also need to transfer a minimum of 2 active direct debits, and complete all of
this within 30 days of requesting the switch.
Each Flex account comes with slightly different features ranging from interest on in-credit
balances to an interest-free overdraft for the first 12 months and worldwide travel insurance.
In terms of downsides, these accounts can only be managed online, your interest rate
on in-credit balances will drop after 12 months and the FlexPlus account will set you back
£13 a month.
Now let’s take a look at the 3 banks offering £150 when you switch.
To claim your £150 with Ulster Bank, all you need to do is switch to their current
account using the current account switching service by 21 April, 2022.
The account is a solid, everyday current account that comes with an emergency cash service,
mobile banking app and the option to set up an arranged overdraft.
The account does not pay interest on balances and you will be charged interest on your overdraft.
In comparison to other accounts mentioned in this video, Ulster Bank does have limited
features.
So, RBS and Ulster Bank are actually owned by the same company, so you wouldn’t be
able to sign up for an account with one if you already had an account with the other
between October 2017 and February 2022.
If that doesn’t apply for you, you can bag £150 from RBS when you apply for a Select
Account online or via the mobile app before 5pm on 21 April, 2022, switch using the current
account switching service and pay in £1,250 and log into their mobile banking app before
26 May, 2022.
The account comes with an arranged overdrafts and a mobile app with categorised spending
and budgeting tools, plus you can upgrade to a paid account for extra perks like travel
and mobile phone insurance or breakdown cover.
If you do arrange an overdraft, you will be charged interest on that negative balance.
first direct is offering £150 when you open a first direct Current Account by switching
and closing your old account using the Current Account Switch Service, and pay in at least
£1,000 within 3 months of opening the account.
This online fee-free account comes with the option to open linked savings accounts and
pay in cash and cheques via HSBC and the Post Office.
Plus, it has a sterling reputation for its customer service.
Unfortunately, this account is not available for existing first direct customers or HSBC
customers who opened an account on or after 1 January, 2019.
For those who don’t know, first direct is owned by HSBC which is why they’re included
in the eligibility criteria.
Every month I’ll be bringing you the latest switching deals and incentives, so like, subscribe
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For more info on the latest deals or to start comparing the right current account for you,
visit our guide on finder.com by clicking this link here.
Thanks for watching.