How To Get £200 For Free With This Easy Hack

Who can say no to free money?

If you’re permanently in your overdraft and spent all your student loan before you received it you’re not alone.

Times are tough right now and if you could do with some extra cash we’ve found an easy hack which could see £200 transferred straight into your account with very little effort required. Seriously, who can turn down £200?

How can I get £200 for free?

There’s a lot of competition in the banking world, and banks are keen to prove to future customers that they’re the best to bank with which often comes with some great incentives. Most banks only offer incentives for a limited time only and Natwest have just announced a new scheme for new customers, which won’t be around for long.

In order to get the free £200 you’ll need to switch your bank account to Natwest which is the highest offer a high street bank has offered for a while and currently the highest offer on the market. There really is no catch, if you switch bank accounts, Natwest will transfer you £200 straight into your new account as a welcome gift.

If you’re thinking that it might be a lot of effort to switch your bank account, it’s actually super easy and you can do it online in minutes. Natwest will do all the hard work for you and close your old account and move over any direct debits and payments within 7 days and any payments that are paid to your old account will be redirected to the new one— but make sure you will need to update your bank details for student finance and your job just to double check you’re getting paid to your new account.

In order to qualify for the £200 you’ll need to have paid in £1,250 within the first 60 days of opening your new account. This could be from a student loan payment or payments from your job— so it might be worth waiting until your next loan instalment to do the switch. Once you’ve done this, you’ll have the £200 transferred ready for you to spend on whatever you want.

There are a lot of benefits to switching to Natwest as well, including 24/7 customer support and all student bank accounts come with a free taste card for 4 years and an interest-free overdraft up to £2,000.

So, if you’re not overly attached to your current bank account and fancy some free cash you can find out more about switching and if you’re eligible here.