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Nottingham Post
Nottingham Post
World
James Rodger & Christopher Harper

Martin Lewis reveals how you can get a free £150 from your bank

Martin Lewis has revealed how you can grab a juicy £150 for free.

The Money Saving Expert issued the advice last Friday during an appearance on ITV's show This Morning.

On This Morning, Mr Lewis told viewers on Friday, September 13: "The bank account market is getting more competitive as five banks now pay you to switch. The choice is a mix of upfront cash, rewards, and great apps."

He added: "The news this week is that NatWest has re-entered the free cash bonus switch war, and has launched the largest upfront cash bonus currently available.

"It’s paying switchers to most of its accounts £150 when opening an account and requesting a switch by 11.59pm on Friday 6 December."

Martin Lewis on This Morning (ITV)

As well as the free sign-up bonus, Martin also explained how customers can benefit from the new reward scheme now in place, reports BirminghamLive.

He said: "The stand out pick of NatWest/RBS’s accounts is the Reward Account, which for £2 per month fee you get two per cent cashback on household bills you pay from it via direct debit - energy, mobile, council tax, water etc."

"On average bills, it's worth £80 per year after the fee - though some with higher bills can earn over £100 per year. So all-in with the free cash you could bag over £250.

"Alternatively, if you don’t want to pay a fee and get cashback, but just want the free money then the bog standard NatWest Select account does that."

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