Martin Lewis explains how you can get a free £400 before Christmas

Martin Lewis shares how to get a free £400 before ChristmasSource: Martin Lewis

Transcript

00:00If people are looking to make a little bit of extra cash right now, bizarrely, they want to

00:04look at the banks, because currently there are seven banks willing to pay people free money

00:10in order to switch, a legal bribe if you like, and the biggest payer pays 400 quid for your custom.

00:19Now what's interesting about the fact that there are seven is one of the things that stops people

00:23switching is you can't get one of these bonuses if you've already been a customer of the bank in

00:27the past, but the fact there are seven of them means there's enough choice that most people

00:32should be able to find someone who's willing to pay them. And then the other thing that makes this

00:36the perfect sweet spot for bank account switching at the moment is of course Christmas is coming

00:41where people need the money, but if you were to switch right now and you were to with all of

00:45these banks, the payout would be in time for the big day. I mean if you did it today then you should

00:51get the money at the very latest by about the 9th of December, so it's well worth doing. So what I

00:56I'd say to people is unless you're so deliriously happy with your bank because it gives you a nice

01:01massage every single time you deal with it, have a look at whether you can be paid or not. I'll be

01:06running through all the magnificent seven in the podcast and going through all the things you need

01:10to know about it.