Latest news with #cashbonus
Daily Mail
14-07-2025
- Business
- Daily Mail
Major bank launches new student current account deal with bumper £100 bonus
Lloyds Bank has launched a cash bonus for university students who open its current account. The banking giant is paying £100 upfront in cash to students who open its account between 1 August and 31 October. On top of the £100 cash, students can also get £90 worth of Deliveroo vouchers spread over six months as £15 a month. Students can also apply for an interest-free arranged overdraft of up to £1,500 in years one, two and three of study with NatWest's student banking deal. For students studying for longer than three years, an interest-free arranged overdraft up to £2,000 is available in years four, five and six. While students who sign up to for a Deliveroo student account at the start of term, will pay no delivery charges with Deliveroo Plus Silver on takeaway orders over £15 or over £25 for grocery shopping. It comes as competition between banks to attract new university students is hotting up, with Nationwide and NatWest both launching student banking deals within the last month. This year, banks are offering cash incentives, with Lloyds joining NatWest in offering upfront cash. Martin Turner, of Lloyds, said: 'From £100 cash in your pocket to six months of Deliveroo vouchers, it's our best student offer yet.' How to get the Lloyds deal To open a Lloyds student account, customers must be aged 17 or over and studying on a course that is full time and two years or more in duration, or a one-year Access course leading to a degree. Students need to have been a resident in the UK for the past three years. They will also need to provide their four-digit UCAS status code or a confirmation letter confirming their place from their university or college if they have not applied via UCAS. Students who open or switch to Lloyds and cash the account with £500 by 31 October 2025 will receive the £100 cash bung on 30 November 2025. It will be paid into the student account as one payment on this date. Meanwhile to get the Deliveroo vouchers students must make 20 transactions in each month between 1 November and 30 April 2026. Deliveroo vouchers will be sent by email from December 2025 to May 2026 Students will not be eligible to get the deal if they already have a student current account or graduate current account with Lloyds, Bank of Scotland or Halifax, or have held one since 1st August 2020. Neither will they be eligible if they open a Lloyds student account before 1 August 2025 or after 31 October 2025. Cash carrot: Lloyds will pay students £100 in cold hard cash making this one of the biggest upfront cash deals for students How does it compare? Banks are keen to bag students as they often stay loyal for many years – and are potential future high earners. NatWest is offering £85 in cash to lure in students, paid within ten working days. Alongside the £85 cash, students can apply for an overdraft of up to £2,000 in their first year of university, with an interest-free overdraft of up to £3,250 made available to students from their third year of study. There is also a Tastecard on offer which gives discounts at hundreds of restaurants including Black Sheep Coffee, Domino's and Krispy Kreme. They can also get a Coffee Club membership which offers 25 per cent off barista drinks. Meanwhile Nationwide has launched a cashback deal worth £100, though the account must be funded with £500 before December 12, 2025 for customers to qualify. It is also offering £120 worth of Just Eat vouchers, spread over 12 months at £10 a month. If students refer friends to open a FlexStudent account, they will earn up to £40 in Just Eat vouchers – £20 per friend referred. It means students opening this account could get a cash boost worth £260 in their first few weeks of university. Students can apply for an interest-free overdraft of up to £1,000 in the first year of university, £2,000 in the second year and £3,000 in their third year. The account also offers fee-free spending and cash withdrawals abroad.
Daily Mail
03-07-2025
- Business
- Daily Mail
Best student bank account? NatWest offers £85 cash paid within 10 days
NatWest has launched a cash bonus for university students who open its current account. The banking giant will pay £85 cash upfront if they open a student account with the deal available to new and existing customers. The cash is promised within 10 days of students opening a student bank account. Alongside the £85 cash, students can apply for an overdraft of up to £2,000 in their first year of university, with an interest-free overdraft of up to £3,250 made available to students from their third year of study. There is also a Tastecard on offer which gives discounts at hundreds of restaurants including Black Sheep Coffee, Domino's and Krispy Kreme. They can also get a Coffee Club membership which offers 25 per cent off barista drinks. NatWest has a range of tools in its banking app to help students manage their money, including a free expense tracker feature in the mobile app called Spending. While the 'Split Bill' and 'PayMe' features can be used to request money from friends and family. To get the deal, students must be studying a full-time undergraduate course lasting at least two years or a nursing course lasting a year or more. They must not have received a NatWest student incentive since July 2021 to be eligible for the deal. Students will need to provide a 16-digit UCAS code at the point of applying to be eligible to open the account. Customers will need to be 17 or over to open the current account and they must have lived in the UK for at least three years. It is not uncommon for student bank accounts to offer perks like cash incentives or free railcards, but the NatWest deal looks particularly attractive for students heading off to university says Andrew Hagger, founder of personal finance website MoneyComms. He says: 'The NatWest deal is good because as well as the cash freebie it also offers a high interest free overdraft limit of up to £3,250 - an interest free overdraft can be a godsend for cash strapped students.' Meanwhile Nationwide is also offering a 'very generous package,' as banks start to launch their student deals ahead of the academic year Mr Hagger says. Nationwide will offer students who open its FlexStudent current account £100 in cashback and £120 in Just Eat vouchers over 12 months to students in their first year of university. It comes with an interest-free and fee-free arranged overdraft of up to £1,000 in the first year, £2,000 in the second and £3,000 by the third year as well as fee-free spending and cash withdrawals abroad. If Nationwide customers with the student account refer a friend they can earn £20 per successful referral. They can refer up to two friends so could earn £40 from referring friends.
The Sun
30-05-2025
- Business
- The Sun
Exact date millions of Nationwide customers will get free £100 cash – check if you're eligible
MILLIONS of Nationwide customers will get £100 free cash within weeks – but you'll need to have met key criteria to qualify. The payment will hit accounts between June 18 and July 4, but only if you had a Nationwide current account open by March 31, 2025. To be eligible, you must also have had: At least £100 in savings, or owed £100 or more on a mortgage by that same March deadline. And you'll need to have used your account between January 1 and March 31 this year. Nationwide is handing out the cash as part of its Fairer Share scheme, which rewards loyal members who save or borrow with the building society. This year's payout is set to benefit around 4million customers – with a whopping £410million being shared in total. It's the third year in a row the mutual has handed out a payment like this. Last year, £385million was paid to 3.85million people, and £340million the year before. It's worth bearing in mind, the £100 Fairer Share payment is separate to the £50 issued to around 12million Nationwide customers between April 9 and May 14. Nationwide chief Debbie Crosbie said: 'Nationwide has had an outstanding twelve months. "We returned a record £2.8billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service.' More rewards for savers Nationwide has also launched a new Member Exclusive Bond, paying market-leading interest over 18 months. The bond is available from May 30 to all of the building society's 16 million existing members and can be opened in branch, via the app, or online. It's a fixed-rate savings bond, and those saving the full £10,000 will earn £762.50 in interest after 18 months — over £150 more than Nationwide's next-best option (a 4% one-year fixed bond). Not a customer? If you're not banking with Nationwide, you won't get the £100 this time – but you can still sign up to be eligible for future offers. And other banks are offering switching perks too. TSB is dishing out £100 to newbies who switch, plus up to £90 in cashback if you spend using your debit card 20 times a month over six months. How do I switch bank accounts? SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS). Dozens of high street banks and building societies are signed up - there's a full list on CASS' website. Under the switching service, swapping banks should take seven working days. You don't have to remember to move direct debits across when moving, as this is done for you. All you have to do is apply for the new account you want, and the new bank will tell your existing one you're moving. There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account. You should get in touch with your existing bank for any old statements. When switching current accounts, consider what other perks might come with joining a specific bank or building society. Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts. And some banks offer free travel or mobile phone insurance with their current accounts - but these accounts might come with a monthly fee. Elsewhere, Natwest is chopping interest rates on a range of accounts from today. It comes after the Bank of England (BoE) slashed the base rate from 4.5% to 4.25% earlier this month. The base rate affects borrowing and saving rates offering by banks. Usually you will see rates come down if the central rate is lowered. And now NatWest is today cutting interest rates on four of its savings accounts including its Digital Regular Saver, Flexible Saver and Help to Buy ISA. Where to find the best savings rates Many savings accounts offer miserly rates meaning that money is generating little or no return. However, there are ways to get your cash working hard. Sun Savers Editor Lana Clements explains how to make sure you money is getting the best interest rate. Easy access savings accounts offer flexibility for customers, meaning they can dip in and out of cash when needed. However, the caveat is that rates can change at any time. If you're keeping your money in an easy access account, you'll need to keep checking whether it's the best paying account for your circumstances and move if not. Check in at least once a month to see what is happening in the market. Check what is offered by your bank - sometimes the best rates are for customers only. But do search the wider market as often top savings accounts are offered by lesser known providers. Comparison sites are a good place to check for the top rates. Try or Moneysupermarket. You can search by different account type. You'll usually get a better interest rate if you can lock your money away for a fixed amount of time, but it's always a good idea to keep some money in an easy access account in case of emergencies. Don't overlook regular savings accounts often pay some of the best rates, but you'll need to commit to monthly payments. This can be a great way to get into a savings habit while earning top rates at the same time.
