Bank Switching: How To Get £100s For FREE 🤫

Teaching What School Doesn’t

Read Time: 2.3 minutes

👋 Hey guys - Noah here,

In today’s edition, we are looking at
💸 How bank switching can make you some extra cash to enjoy this summer, how to find the best deals + why banks are willing to pay you £100s for this!

🤔 What Is Bank Switching?

Bank switching usually involves the banks offering some sort of incentive in return for you switching over your current bank account to them. This can include:

  • Free Vouchers 🍝

  • Cash Bonuses (often in the hundreds)

  • Better features

  • Free rail cards

  • Free gifts (I.e. a crate of wine)

🤷‍♂️ Why do banks do this?

Banks offer incentives for switching because the current account market has become more competitive in recent years. When you switch your account, it's easier for you to move to a different bank. Banks hope that once you switch, you'll stay with them, ultimately contributing to their revenue.

👀 Is it easy to switch?

Yes.

It’s way easier than you think. Thanks to the company The Current Account Switch Service, switching is free, easy and guaranteed. This company will sort switching everything for you and insure your money in case anything goes wrong!

Please note The Current Account Switch Service have been a long term sponsor of my page, but this specific email is not sponsored.

🤑 What are some of the best offers available?

Here are just a few of the deals I have found:

Wondering where I found these deals?

  • On Snoop, my favourite spending + money management app.

  • It constantly scans online for the BEST switching deals

  • Plus it shows LOADS of other things to switch to save even more £££!

🙋‍♂️ Other Recourses To Check Out:

(1) Switch & earn: 2024’s lucrative bank switch incentives. https://www.householdmoneysaving.com/bank-account-switching/.

(2) Best Bank Switching Offers UK In June 2024 (Checked Daily). https://www.comparebanks.co.uk/banking/best-bank-switching-offers/.

(3) Best Bank Account Switching Offers & Deals – Forbes Advisor UK. https://www.forbes.com/uk/advisor/banking/best-current-account-switching-offers/.

(4) 6 Best Bank Switch Deals for June 2024 | Earn Up to £200 - Moneyzine. https://moneyzine.com/uk/banking/best-bank-account-switching-offers/.

(5) The Current Account Switch Service https://www.currentaccountswitch.co.uk/

Did you enjoy this?

Please reply to this email and let me know! If you have any other questions about this or topics you want me to cover, let me know!! 😁

Ready to take the next step?

If you haven’t yet, join the hundreds of others who are part of the Teaching What School Doesn’t Skool Community.

  1. Hours worth of courses on how to FULLY manage your money + make an extra income on the side 💸

  2. Weekly coaching calls with Noah to help you improve your life 🤝

  3. A community of like-minded people to chat + learn from each day 👥

See you next time!

Disclaimer: None of the above is financial advice. This newsletter is strictly education and should not be taken as investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.