Consumers looking to boost their finances by getting cashback from switching bank accounts need to act quickly as NatWest and Royal Bank of Scotland’s offers are due to end next week.
Both NatWest and Royal Bank of Scotland (RBS) enable new and existing customers to earn £125 by switching to a specified current account, but both deals end on 19 November 2020. “Consumers looking to take advantage of switching cash perks do not have long to do so, as current account providers continue to adjust their offerings,” explained Rachel Springall, finance expert at Moneyfacts.co.uk. “Most recently, Bank of Scotland and Lloyds Bank pulled their £100 switching offer and next week NatWest will pull its £125 cash perk.”
At the moment HSBC and Metro Bank are also currently offering switching deals. With HSBC, customers can earn £125 by switching to a HSBC Premier or Advance current account. Meanwhile, Metro Bank is offering customers up to £250 when they refer a friend to the bank through its Metro Bank Refer a Friend switching offer. With this deal, which is due to end on the 11 December 2020, the bank pays £50 per friend referral up to a maximum of five friends.