March 2023’s current account news & offers – Be Clever With Your Cash

March’s present account information

Newest financial institution switching offers

Some extra modifications since final month’s replace, with just one new supply – although some are ending within the subsequent few days.

The brand new deal is from Natwest and RBS, providing you £200 for switching with only a few circumstances, though you may solely get the cash from one of many banks. Extra right here.

There’s additionally been a change to the First Direct supply. Although it’s nonetheless at £175, for those who go by way of USwitch you may get an additional £30 Amazon voucher till 6 March 2023. All the main points right here.

The Lloyds £200 deal ends on 7 March (right here’s the way it works) whereas the as much as £200 TSB supply ends on 3 March (full particulars right here), although Quidco is providing a £25 cashback bonus on high for the previous couple of days.

However ending earlier than that’s the Co-operative Financial institution refer-a-friend switching deal, value £125 every. It’s essential begin the change by 28 February 2023. Right here’s the way it works.

The Santander supply additionally ended abruptly on February with just some hours discover on condition that it might cease. In whole it was dwell for simply 17 days.

I’d count on to see offers from Halifax and HSBC in March, and if these do launch I’ll write about them right here on the weblog.

Nationwide gives 5% cashback on the grocery store

You probably have a Nationwide present account you may earn as much as £10 again in March and April once you store on the grocery store along with your Nationwide debit card. Actually in case you have a couple of Nationwide account, or a joint account, you’ll be capable of earn this on every card. All the main points right here.

Chase cashback prolonged

Chase clients can now get 1% cashback on purchases for an additional 12 months when their present deal ends. The modifications embrace a £15 cap every month and a requirement to deposit £500 into Chase within the previous month.

So, assuming your first 12 months are up, to earn cash in April it’s worthwhile to add the money in March, and so forth. You’ll be capable of see a tracker in your Chase account (head to Rewards, then Energetic gives) to see how shut you might be to reaching the £500 required. Right here’s extra.

Halifax/TSB debit card hack points at Revolut

I’ve seen experiences within the Fb group from a handful of individuals experiencing issues when utilizing Revolut to satisfy the debit card cost necessities for the Halifax Reward and TSB Spend & Save accounts, and even round-ups on the Natwest Digitial Common Saver.

It appears to be like like there are a few points. For the Halifax Reward spend requirement of £500 (probably occasions three in case you have three accounts), it appears Revolut might be cautious of this sum of money coming out and in in fast succession.

For TSB, which requires 20 debit card transactions in a month, too many of those in a day will cease additional transactions, in all probability right down to a restrict of 10 top-ups by way of debit card in a 24-hour interval.

With Natwest, turning on “double round-ups” and sending £10.01 to Revolut will transfer £1.98 to the common saver, although it seems that after 4 or 5 of those you must authorise every one within the Natwest app. In order with TSB funds, you’ll even be restricted by the variety of top-ups you may make in a day.

So aside from an inconvenience, is it a difficulty? Effectively presumably. A few the group members had a notification saying their Revolut account could be suspended in the event that they continued to do that.

I’d counsel utilizing a variety of accounts for the “spend” necessities for those who’re going lots of them, and to house them out. I’ve particulars on some options to Revolut right here.

Paym closes

Paym, the service that lets you pay a contact by way of on-line banking by utilizing a linked cellular quantity ends on 7 March 2023.

I believe this was an incredible service, however I doubt many used it. And since most banking apps permit you to shortly share account particulars the simplicity of Paym isn’t as helpful because it was when it launched in 2014.

Has the Monese present card supply ended?

Thus far in 2023 the ten% to twenty% off promotion for present playing cards obtainable to Monese clients hasn’t run. That’s to not say it gained’t return, however I definitely wouldn’t be paying for the non-free model of the account.

Get one of the best of Andy’s cash saving content material each Thursday, straight to your inbox

Get a £17 Quidco bonus (new members solely). Extra particulars

Get one of the best of Andy’s cash saving content material each Thursday, straight to your inbox

+ Get a £17 Quidco bonus (new members solely). Extra particulars

My high present accounts for March 2023

I at all times suppose it’s value having a couple of present account (discover out why right here) and right here’s my run-down of the highest accounts to have this month.

Finest account for on a regular basis banking / app – Starling (evaluation)Finest account for on a regular basis spending – Chase (evaluation)Finest account for payments – Santander 123 or Edge (evaluation)Finest account for rewards – Halifax Reward (evaluation)Finest account for financial savings curiosity – Barclays with Blue Rewards (evaluation)Finest account for 0% overdraft – Nationwide FlexDirect (12 months solely) (evaluation)