Is a £500 gift worth changing banks

Many UK banks are offering sizeable cash bonuses and freebies to attract current account customers, with offers ranging up to £500. To qualify, customers often need to meet specific deposit, spending, or usage criteria, and must switch accounts via the industry’s switch service. High earners can notably receive a £500 bonus from NatWest and HSBC, contingent on meeting income or savings thresholds, while other banks provide various incentives with additional requirements.

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