The Co-op’s announcement follows an offer launched on Wednesday by the Nationwide Building Society
A deal offering customers up to £175 to switch their current account has been unveiled, as banks increasingly turn to cash incentives to poach customers. The latest offer comes from the Co-operative Bank whose 'switch and stay' offer will pay out £75 when the switch is complete, followed by £25 per month for the next three months.
To receive the “stay” payments of £25 in the first three months of their new account, each month customers must deposit a minimum of £1,000, have two active direct debits, and make a minimum of 10 debit card or digital wallet transactions.
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