MoneySavingExpert founder Martin Lewis has been sharing his tip with followers to get free cash from banks.The money expert, 49, used his MoneySavingExpert newsletter to let readers know about a way to get free money from banks in minutes.
He explained that in a poll of bank switching, 70% of those asked hadn’t done it in the last five years - or ever at all. He added: “Yet switching bank is one of the easiest ways to gain a little bit of extra cash.
So, with incomes squeezed on all sides by higher prices and soaring bills, we make no excuses for rounding up the top offers to boost your coffers.” Switching bank accounts is one of the easiest and quickest ways to get a little extra cash.
All you need to do is open the new account and let your new bank know you're switching over.The process involves closing an old account and auto-moving all direct debits, standing orders and payments to a new one.
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