Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Liverpool Echo
Liverpool Echo
Business
Kate Lally

Martin Lewis shares three ways to get up to £200 for free this winter

Martin Lewis has shared three ways people can get their hands on up to £200 for free this winter.

The Money Saving Expert founder regularly shares tips and tricks for people to save, or in this case get their hands on, money. And it's never been more needed amid the worsening cost of living crisis.

Fans who are subscribed to MSE's weekly newsletter receive the best, up-to-date advice from Mr Lewis and the other MSE contributors.

READ MORE: Martin Lewis warning to anyone using air fryers instead of ovens

This week's email, which landed in inboxes on Tuesday evening, shared three ways to bag some free cash, as well as other deals. Writing on MSE, Mr Lewis explained that by simply switching your bank account to another provider, you could be quids in.

High street banks often offer cash incentives to tempt new customers to join them. Three banking giants are now offering large "banking bribes".

HSBC is offering newcomers who switch to its Advance account a £200 bonus, as well as a 5% savings account and a 3% easy-access account. Customers will need to deposit a minimum of £1,500 once to get the bonus, but there is no regular pay-in required.

You'll also need to start the switch within 30 days, including two or more direct debits or standing orders. To be eligible you also can't have had an HSBC current account, or opened one with its sister bank First Direct, since January 2019.

Similarly, First Direct is offering newbies who switch to its 1st Account a free £175 and a regular saver account with a huge 7% interest. You need to make the switch within three months, and pay in £1,000 or more. The £175 is then paid within 28 days, but you can't have ever had any account with First Direct, or have opened a current account with HSBC since January 2019.

Switchers to the Halifax Reward account get £175 plus a monthly reward of either £5 cash, a Vue cinema ticket, two movie rentals, or three digital magazines. You must pay in £1,500 or more each month, and spend £500 each month or keep £5,000 in the account, if you don't you could have to pay a £3 monthly fee.

To get the bonus, open a new account and make the switch by December 19. The bonus is paid within three days of the new account opening.

For more details, or to apply for an account switch, visit the MSE article here

Receive newsletters with the biggest and breaking TV and showbiz news by signing up here

READ NEXT:

Martin Lewis warns workers to look out for 'X' on payslip

Scarlette Douglas hits back at criticism over response to Jonnie Irwin's diagnosis

DWP shares new eligibility details for £900 cost of living payments

Gemma Atkinson's two-word response to Gorka's risqué routine with Helen Skelton on BBC Strictly

Full list of bank holiday dates for 2022 and 2023 including Christmas changes

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.