Banks' free money for switching accounts

NATWEST has unveiled a current account switching incentive that includes a £150 cash welcome and a boosted savings rate, as banks battle for new customers.

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CASHING IN There are some real incentives to move

The offer is open to new customers who open a NatWest Reward or Select current account and complete a full switch from another provider before May 28. To qualify, customers must close their old account, pay in at least £1,250 and log into the NatWest mobile app within 60 days of the switch completing.