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Bristol Post
Bristol Post
World
James Rodger & Kate Wilson

MSE Martin Lewis explains how to get a free £150 from your bank

Money saving expert Martin Lewis has revealed how you can get a free £150 in your bank.

And it seems all you have to do is switch bank accounts to Natwest.

Mr Lewis, who founded popular cash-saving website MoneySavingExpert.com, explained exactly how to take advantage of the scheme on This Morning on September 13.

According to Birmingham Live he told viewers: "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."

The best bank accounts

"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, December 6."

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

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."

Martin Lewis (ITV)

"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."

For the latest news in and around Bristol, check back on Bristol Live's homepage .

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