Tsb, natwest, co-op bank hands out payments worth up to £690 into accounts

TSB, NATWEST, FIRST DIRECT AND THE CO-OPERATIVE BANK ARE ALL ISSUING CASH PAYMENTS AND HANDOUTS TO CUSTOMERS. 10:01, 22 May 2025Updated 10:01, 22 May 2025 Four major high street banks are

handing out free cash payments for customers and consumers who agree to switch to them. TSB, NatWest, First Direct and the Co-operative Bank are all issuing cash payments and handouts to

customers. UK households can benefit to the tune of HUNDREDS by making the move to one of the banks. The latest bank to offer a free incentive is TSB. To receive the £100 switching bonus,

customers must log into the TSB Mobile Banking app and make at least five payments using the debit card on their account before 19 July 2025. The £100 bonus will be paid between 2 and 16

August 2025. READ MORE UK FACES 27C HEATWAVE NEXT WEEK WITH 33 COUNTIES IN ENGLAND SET TO SIZZLE Surina Somal, Everyday Banking Director at TSB said: “We’re pleased to be able to reward new

customers who choose to bank with TSB. With so many account features and benefits, TSB provides a range of options and support for customers to create healthy habits around their finances

and build confidence with their money.” TSB - £190 Customers switching to a TSB Spend & Save or Spend & Save Plus current account can receive £100 upfront, and £90 in cashback in the

first six months of opening, plus a choice of two rewards. To be eligible, customers must switch to TSB using the Current Account Switch Service from 19 May 2025 and the switch must be

complete by 19 July 2025. Customers will be able to apply through the TSB Mobile Banking app, the TSB website or in branch. For the first six months, TSB is also offering customers the

chance to earn triple cashback of £15 each month when they make at least 20 debit card payments in the calendar month. This means customers can earn a total of £90 and any cashback will be

automatically paid in the next calendar month. NATWEST - £150 Money Saving Expert advises: "FREE £150, plus £36 a year cashback and 6.17% interest linked regular saver. The NatWest

Reward account comes with a £2/month fee, but you get £5/month cashback when you pay in £1,250, pay out 2+ Direct Debits of £2+ and log into its mobile banking app each month. So the net

gain is £3/month or £36/year. "You also get access to its linked regular saver which allows you to save up to £150/month, and pays 6.17% variable interest on up to £5,000. If you

deposited the maximum amount each month for a year, you'd have £60 in interest." FIRST DIRECT - £175 With FirstDirect you get FREE £175, TOP service, 7% regular saver, fee-free

overseas spending and a £250 0% overdraft. CASS will close your old account and transfer your money, Direct Debits, and standing orders. MoneySavingExpert.com recommends downloading a few

years' worth of statements prior to switching, just in case they are needed in the future. Article continues below THE CO-OP - £175 You can get up to £175 with the Co-op Bank if you

switch and stay for three months, though MSE warns "you'll need to jump some hoops to get it." You also get access to its linked regular saver which allows you to save up to

£250/month, and pays 7% variable interest for 12 months (maxed out that's £114 interest).