Current Account Switch Cashback

When you switch your current account to a new bank or building society you could get 100 or more in cashback as a reward for switching.

Current account switch cashback. If you ve been with the same bank since your first job or university you re probably missing out. Any cashback you earn when you switch current accounts is considered a discount rather than interest or income so it isn t taxable. If you have a current account that is not paying any interest or cashback and you switch to a cashback bank account you could earn up to 5 a month or more as a reward. Yes if you switch via the seven working day current account switch service cass.

Just make sure that you re applying for an account that suits your needs not just the one with the highest cashback. One of the quickest ways to make some extra cash is to take advantage of the very competitive current account market and get a switching bonus cashback or high interest on your savings. The bonus will be paid into your account once you completely switch over to halifax and use the current account switch service to transfer and close your old account. Using the current account switch service was easy went without a hitch and my new account took over seamlessly where the old one left off enabling me to get the benefits of a higher interest paying account with no hassle.

Different products pay cashback in different ways. To qualify you ll need to have a current account mortgage or savings account with the building society. The halifax accounts also have plenty of other bonuses you can take advantage of such as the cashback extras scheme where you can earn back money that you spend on certain retailers. As part of the process your new bank will automatically close it and also move all payments eg direct debits out or salary in across.

I switched my main current account which i had used for many years and which had all my direct debits and standing orders set up. However you may have to pay tax on monthly current account rewards.