Nationwide, Lloyds, NatWest and Santander customers can get £150 in bank accounts

Households alerted to new cash offer from high street bank

UK households are being told about an easy way they can bag £150. The Co-operative Bank is offering cash to customers who join and stay with them.

New customers get £75 for switching to them, plus an extra £25 a month for up to three months. These could be people who are currently customers with one of the big banks and decide to switch.

The Co-op said its deal was open to "new and existing current account customers". The bank said: " Switch and stay to get up to £150. Get £75 for switching to us, plus £25 a month for up to three months. Available to new and existing current account customers.

READ MORE: Nationwide confirms it will pay £100 into customers' bank accounts

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"Co-operative Bank customers are part of an ethical bank – the UK’s first to introduce a customer-led Ethical Policy, which still makes us unique today. And even better, you can get up to £150 in four months.

"This includes £75 for switching your current account to us and then £25 a month for up to three months. You can get the £150 by:

"Switching your current account: w e'll give you £75 when you switch from another bank and meet the qualifying criteria. Actively using your Co-operative Bank current account: We'll give you an extra £25 a month for up to three months if you actively use your account, meeting the qualifying criteria."

It's one of the latest cash offers on the table from a bank trying to lure in customers from a rival. Experts say it can be an easy way to make money as switching is often fairly hassle free.