Day 1 of 28 Days Richer
One thing each day that puts money in your pocket and takes 5 minutes or less.
Right now, banks are literally throwing money at people to switch, and most people are just leaving it on the table.
Lloyds is offering £250 until 3rd February 2026 (their best ever switching deal) while First Direct will give you £175 plus access to a 7% regular saver.
Nationwide is handing over £175 with 5% in-credit interest, TSB offers £200 as a £150 upfront plus £50 stay bonus, and Santander gives you £200 plus 1% cashback on bills.
That’s free money just for filling out a form.
How the Switch Actually Works
The Current Account Switch Service (CASS) handles everything for you – your direct debits, standing orders, and salary all transfer automatically, your old account closes, and the whole process takes just seven working days.
Once the switch is complete any payments that go to the old account also get transferred automatically to your new one.
The only thing you might need to update are subscriptions based on card details rather than direct debits.
Other than that you don’t need to lift a finger after you apply.
Today’s 5-Minute Action
Pick the best offer for your situation.
Lloyds at £250 is the headline grabber if you meet their criteria, though First Direct’s 7% regular saver might be worth more long-term if you’re actively building savings.
Just head to the bank’s website, click ‘switch’, and follow the prompts.
Quick Tips
Make sure you check the terms before applying, as some require a minimum monthly deposit or a certain number of direct debits.
Charity donations are easy, low cost direct debits you can set up if you need an extra one on your account.
Most let you use the money straight away once it lands, and if you’ve already switched recently, you can often switch again with a different banks. Just check the terms.
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