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Customers with the likes of Nationwide, Lloyds and NatWest are being alerted to free payments.

They can claim the cash by moving to a new bank and opening an account with them.

A number of banks are currently offering cash payments to new customers.

READ MORE: HMRC deducting £300 from state pensioners' bank accounts from Saturday

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Barclays and Lloyds are both offering £200, while First Direct pays £175 and TSB £150.

Experts say switching is an easy way to make some free money and the process is usually straightforward through the Current Account Switch Service.

It's always worth doing research about bank accounts however, as some come with monthly fees.

So switchers will want to weigh up if it's wo

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