Martin Lewis shares the easy way to make £3,000 by switching banks

Money Saving Expert financial expert Martin Lewis has shed light on a lucrative tip for banking customers that could net them a staggering £3,000. The trick was highlighted in the recent issue of the MSE newsletter.

Martin originally made the comments on his BBC Sounds podcast. He said: “Carefully done, you can change multiple times. Some even open “burning accounts” just to exchange. MSE Towers.”

According to the Manchester Evening News, he revealed how he helped a man called Simon and his family. He said: “And to show you how well it can work (as part of a carefully controlled money-making system). (Simon and his wife) undertook 10 bank transfers, managed their spending through the rocks and made sure they used cashback sites. for shopping.”

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It was a move that paid off according to Martin’s newsletter. He said Simon “managed to raise £3,000”, he and his wife used the payment for a seven-day family holiday in Rome. He said the couple managed it all thanks to the money-saving expert’s help.

Santander is currently leading the way with a tempting proposition that includes £175 free, alongside 7% easy access savings, 1% cashback on bills and a great overseas debit card. By switching to the Edge account, which incurs a monthly fee of £3, customers can enjoy combined cashback on both household bills and supermarket spending.

By opening a Santander Edge account, you’ll be able to take advantage of a year’s worth of savings, offering an interest rate of 7% on amounts up to £4,000, beating the leading standard easy access accounts. In addition, the Edge Debit Card waives foreign exchange fees for international spending, allowing customers to enjoy the same near-perfect exchange rates as the bank itself.

Martin and the Money Saving Expert team said: “Once you’re a customer, you can apply for its Edge Credit Card, which pays an unbeatable 2% cashback on almost all spending in the UK and abroad, up to a maximum of £15. /month (again for a £3/month fee, of course only do this if you’re going to pay off the card in full each month to avoid the 29.8 per cent APR.”

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