You could get £175 just for switching banks with this tip
**Free £175 bank switch bonus, Nectar points trick, 10p/litre off fuel, Littlewoods secret, £2.50 cinema tickets and payday loan warning.** **These are our Money Saving Expert Martin Lewis’ Tips of the Week.**
Remember, deals can change quickly, even while I’m on the programme. So always double-check the terms and conditions before spending. Plus, while I hope these deals will save you cash, don’t spend if you can’t afford it, don’t need it, or won’t use it.
New. Free £175 for switching banksThe bank switching price war has reignited. This week the biggest upfront cash switching bribe (all legal) of the year has been launched. There are many different accounts so for full info see Martin’s ‘Top bank account’ guide, but here’s a brief rundown of the newbies.
- Switch to HSBC’s Advance Account and its new customers (haven’t had an account with it since 2016) now get £175. You need to use its switching service, have at least 2 active direct debits and pay in £1,750+/mth, effectively a way of saying pay you salary in if you earn over £26,000 (or both have income going in a joint account). It also offers a linked 5% regular savings account.
- NatWest and RBS also relatively recently launched a £175 switch bonus, but you don’t get that all upfront. This is split between £125 upfront and then another £50 after a year – there’s a fee free version, or if you pay £2/mth its Reward account gives 2% cashback on household bills which for many is worth another £60 - £100 a year even after the fee. The minimum monthly pay in here is £1,500 (equivalent to a £21,500/year salary).
And remember switching accounts is easy. Within seven days your old account is closed, any direct debits and standing orders are moved across and any payments going to your old account is auto-forwarded to your new one. Though note, when opening a bank account you will be credit scored.
Sainsbury’s free Nectar points trick, plus petrol discount. Sainsbury is pushing out the promos at the moment…
This weekend (Friday until Monday) spend at least £1 in store or online at Sainsbury’s or in their petrol stations, swipe your Nectar card and you’ll earn an additional 150 Nectar points (normally it’s 1 point per pound). You can do this up to three times on the four days. So to max the gain, buy three separate £1 items that you were due to buy anyway (each in separate transactions) each day. That’d mean a £12 spend and you get 1,800 Nectar points worth £9 in Sainsbury (or at Vue cinemas, Argos or eBay).
Plus, spend £60 or more on groceries from today (23 May) till Tuesday 28 May in one transaction in-store or online at Sainsbury's and you'll get a voucher for 10p/litre off petrol or diesel to use at its own forecourt – great if you were planning on spending £60 or more there anyway (if you’re spending £120 or more, split your shopping into two, to get two vouchers). And of course do it this weekend and you get the extra Nectar points too.
Littlewoods sister site sells the same thing for up to a third less. Online department stores Littlewoods and Very.co.uk are owned by the same parent company, Shop Direct – both websites have very similar layouts, product description, and even the same return addresses. But an investigation done by my team this week, found both sites sell many similar products, but Littlewoods often charges up to 34% more than Very.
On a random selection of 30 items across various departments, all 30 were cheaper at Very than Littlewoods. Eg, Nike Air Zoom Pegasus 35 kids' trainers in pink is £70 in Littlewoods but £55 at Very. Littlewoods offers free delivery, whereas Very charges £4 – but even taking this into count Very is still much cheaper.
£2.50 for a cinema ticket and two packet of chocolates: Buy selected chocolate/sweet packs(includingM&M’s, Maltesers, Minstrels, Galaxy Counter and Starbursts) and you can get a ‘free’ Sunday cinema ticket at participating cinemas, including Cineworld, Empire, and some independents such as Savoy Cinemas and Movie House Cinemas, but not Odeon or Vue. You’ll need to buy two large packs (currently £1.20ish at Tesco) or five small packs to get the ‘free’ ticket – just make sure they have the ‘Sweet Sundays’ promotion on them. Register the codes found on the bags online and you’ll receive a voucher which can be used on any 2D films on any Sunday until 25 August. And you can get two free tickets per person. Just don’t eat all the sweets at once!
Don’t pay to reclaim payday loan fees: Payday loans are a nightmare for many - they're hideously expensive and have been mis-sold for years. The number of people reclaiming has rocketed, but the latest figures from the Ombudsman show that from April 2018 – April 2019, out of the 40,000 claims that were escalated to the Ombudsman 27,000 of those were from claims firms – who usually take 20% + VAT if you get paid back. While it may be the easy route for some, just be aware you can do it yourself for free. There’s free tools online to do just that.