How to Make Money as a Serial Bank Account Switcher

Fancy making a quick £150 just by switching bank accounts?

I know it sounds like some spam advert on the internet. I mean, getting free money for doing nothing without a smidgeon of risk?

But hear me out.

If you’re prepared to play the system, you can earn a little cash as a serial bank account switcher.

Here’s a fun fact. Britons are more likely to get a divorce than change their bank accounts during the course of their lives.

Many of us are content with our bank account and see no need to switch, but that’s often because we have never considered it, don’t know how to make the leap, or are unaware of the advantages it could bring.

It's Time to Switch!

If you’re unhappy with the service you get from your bank or feel like your loyalty isn’t rewarded, then why stick with them?

You probably know that switching banks could save you money, but did you know that you can also snag some extra cash by switching?/

Banks make loads of money from us, so there’s nothing wrong with making a little extra for yourself.

Keep reading to understand how to get a better deal and boost your bank balance.

Free Money? How?

There’s fierce competition in the UK banking system.

Banks want your money even if it means (legally) bribing you to switch.

They’re willing to do this because once you start using their current account, it becomes easier for them to sell you other deals, such as insurance, mortgages, personal loans and credit cards. That’s how banks make profits.

There are great offers around if you know where to look. To lure you in, banks offer cash incentives and other perks, such as access to savings accounts with excellent rates and interest-free overdrafts.

Banks with great sign-up bonuses include:

As a consumer, it’s up to you to take advantage of the latest offers by making a switch. Effectively, for doing nothing. Offers are constantly changing and a quick internet search will pull up the current offers.

So, How Does it Work?

Banking regulations in the UK let consumers switch bank accounts whenever they like, and banks know this.

The process is pretty much straightforward and takes under a week. The banks do all the heavy lifting for you. Should anything go wrong, the bank is required to pay any fees and make corrections.

  • You can start by signing up for a bank account of your choice. Read the fine print and follow all the rules.
  • Once you switch, you’ll be able to move your current account, together with all your standing orders and direct debits to the new bank.
  • Most banks require you to credit your account with a set amount every month.
  • In most cases, you’ll receive your bonus (cash or gift cards) a month or two after closing your old account.
  • Close the bank account after you receive your cash bonus, rinse and repeat.

Also, it’s worth mentioning that it will be best to avoid bank-hopping if you have imminent plans to apply for a personal loan or mortgage.

The Takeaway

New bank customers enjoy rewards while old customers just get the same service they always did, good or bad.

Thanks to the Current Account Switch Service (CASS), it’s never been easier to switch banks and take advantage of the incentives available.

Remember, you’re under no obligation to remain stuck with your current bank, and the perks are out there for those who are open to change.

Have you switched bank accounts recently to get an incentive? How did it go?

The information provided in this document is an opinion and is for informational purposes only. It is not intended to be and should not be construed as investment advice. Seek a licensed professional if you are in need of investment or financial guidance.

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Dominic Matteo is a Scottish former professional footballer who played as a defender and midfielder in a 17-year professional career from 1992 to 2009. He made a total of 366 league and cup appearances, of which 276 were in the Premier League. He was scouted by Kenneth Dalglish as a 9-year-old boy playing in Southport and went on to enjoy a 16-year tenure at Liverpool FC before joining Leeds United as their captain.

Dominic was diagnosed with a rare brain tumour in 2019, after lifesaving brain surgery and months of radiotherapy he is now raising awareness and funds to help others through his own charitable foundation Ahead of The Game, which he co-founded with fellow brain cancer survivor Dave Bolton.

Dominic now works in TV broadcasting and is an ambassador for Leeds United FC. In his personal time, he enjoys a pint with the lads down the boozer!

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Antony is a wheelchair tennis player who competes at an elite level, with career highlights including a 2-time World Team Cup world champion (wheelchair tennis version of the Davis Cup), Doubles Masters world champion, and numerous ITF titles in both singles and doubles. He has represented GB for over 13 years and also represented GB at the 2016 Paralympic Games in Rio. His career high world rankings are ‘5’ in singles and ‘3’ in doubles. He is really excited to be part of CurveBlock as he sees two of his interests outside of tennis – property and Blockchain – together in an amazing project.

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Marketing, Media and PR Specialis


LinkedIn Simon Cocking is Chief Editor at Irish Tech News, CryptoCoinNews and InvestInIT – with over 1.5 million+ combined unique monthly views and growing. He is also the top ranked member of the ‘People of Blockchain’ (#1 for 2018 based on total funds raised). He is also a business mentor and advisor working with 200+ successful ICOs to date. He has also been named many global Twitter influencer lists in the last 12 months. He is an accomplished public speaker at events including TEDx, Web Summit, and overseas in Pyeonchang, Amsterdam, Dubai, Delhi, Kiev, Singapore, Moscow, Tel Aviv, Madrid, Tbilisi, Riga, Porto, Dublin and Helsinki in the last 12 months. He has been based in Ireland for over 22 years and has cofounded or founded seven successful companies.


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Matthew has 15 years experience in the real estate sector working with developers, agents and investors – both on the client and delivery side. Matthew has vast experience in sourcing development sites with and without planning, or sites with capacity for planning gain – both on and off market and across the UK. Matthew has developed a reputation for being able to add value to existing sites with consent by improving unit mix, optimising unit plans and delivering additional capacity on both surplus and under utilised land. Having been involved in the acquisition, development and sales functions for a number of developers (both regional and national), Matthew has an acute understanding of the complexities of the development process and how to unlock access to additional revenue streams (entry and exit), complex financial modelling and exit strategy planning to meet, and improve upon, required financial returns.

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Following a successful career in corporate IT for several multinational enterprises, responsible for             multi- million pound infrastructure projects, Roger brings real-world experience of IT Technical Architecture, Networks & Security, and Systems Design to CurveBlock. Since 2004 Roger has been a property investor. In addition to this he founded a successful business in 2015, gaining useful experience in finance, marketing and other business skills. He is passionate about crypto and the many use cases and efficiency benefits it brings.

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Joey has many years of business management experience building successful teams and companies. Joey is also a Former Registered Investment Adviser with 37 agents geographically dispersed, and has built business from $0-$50M+ portfolios. This experience gave Joey deep understanding and knowledge within the Securities Compliance Arena. Working in the computing space for the last 10 year, and blockchain since 2016, Joey connects quickly with any target market and communicates well with all parties and publicly, which will have a substantial impact for CurveBlock around the world. Certificate of education in Blockchain and Digital Equity from University of Nicosia.

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Co-Founder / CEO


With over 29 years construction industry experience, not only within the real estate development market but also other development sectors such as Commercial, Industrial & Agricultural developments. Along with Gary’s extensive construction experience & knowledge he’s also deeply involved in the world of Blockchain. Successfully scaled one of Europe’s largest building materials manufactories over 4000% leading to a private equity buyout during 2016.