RBS, NatWest and First Direct offer people up to £200 free cash to switch banks

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RBS, NatWest and First Direct offer people up to £200 free cash to switch banks
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Nearly one million people used the Current Account Switch Service in 2022.

If the financial impact of April is already putting an extra squeeze on your personal or household budget due to double-digit inflation, the loss of the £67 monthly energy rebate and ever-increasing prices at the supermarket, now could be a good time to switch your banking services to one of three high street big names currently offering up to £200 in free cash.

The Service has facilitated more than 8 million switches since its launch in 2013 and provides a secure and reliable way to move your current account to and from any one of 47 high street and digital banks and building societies - and it can complete the move in just seven working days. Top Money Stories Today Commenting on the success rate of CASS over the last year, Jo Kenrick, Chair of the Pay.UK Switching Services Customer Committee, said: “I am exceptionally proud of the achievements that the Current Account Switch Service and the team have delivered in 2022.

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