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

November’s present account information

Newest financial institution switching offers

It’s been a few months since my final replace right here, and the massive addition in that point is the £200 supply from Nationwide. There’s even the possibility to get three masses of cash as a pair, as you will get £200 every for private accounts and £200 from a joint account. There’s additionally an 8% common saver out there to present account prospects. All the small print on each are right here.

Additionally operating, although it ends on 14 November 2023, is £175 from Lloyds for its Membership Lloyds account. This comes with a 6.25% common saver and a free yr of Disney+, so it’s a good bundle. All the small print right here.

And the ultimate customary switching supply from First Direct (£175) stays the identical, as do the offers for Co-op’s refer-a-friend change scheme (£125) and the Barclay’s Premier Banking supply by way of it’s Avios Rewards scheme.

New HSBC welcome supply

The newest bonus for brand spanking new HSBC prospects isn’t a switching deal – and may very well be price £260 in whole.

The primary stage is to open up a brand new HSBC Advance or Premier account. You may’t have had any HSBC present account in any time between since 1 October 2018, or opened a First Direct account because the identical date.

I’d do that by way of a cashback web site as you will get an additional enhance. Proper now TopCashback is providing £55 for the Advance account, however test Quidco too as charges can change.

When you’ve opened the account, pay in £1,500 inside 60 days, make 5 debit card transactions and open an HSBC World Cash account (by way of the apps) you’ll get £125 paid into that World Cash account.

Then in the event you use your World Cash card 5 occasions earlier than 21 April 2024 you’ll get one other £80 added initially of Could subsequent yr. You’ll even be entered right into a draw subsequent April to win £3,000.

Barclays Blue Rewards provides cashback

Barclays Blue Reward prospects can earn 5% cashback on the primary £200 spent every month in October, November and December 2023. The cap means the max you’ll earn every month is £10, or a complete of £30 over the three months.

I attempted the usual hack of utilizing the debit card to high up my Monzo account by £200 and sadly it didn’t work – so that you’ll have to do precise spending in your debit card to set off the cash.

In case you qualify for the complete £10 it’ll be paid after you attain that quantity. If it’s much less then the cash shall be added to your cashback account on the fifth of the next month.

You don’t have to choose in, however you do should be signed up for Barclays Cashback Rewards which is simple to do in your account. Right here’s extra

First Direct prize draw

Don’t get too enthusiastic about this one. In case you have a First Direct present account, and use your debit card 30 occasions earlier than 7 November 2023 you’ll be put right into a prize draw.

There are 1,000 prizes price £300 every. The draw takes place on 15 November 2023.

Monzo trials cashback

Monzo has been trialing a cashback characteristic with some prospects over the previous couple of months. Brean in our group was truly in a position to strive it – she had a notification within the app.

It broadly appears to be particular retailers, akin to 8% again at Franco Manca, 10% again from LNER and 5% again from Nationwide Specific. Offers appear to final two weeks, after which change retailers or restart.

There was a broader 2% “enhance” on grocery store spend out there too – although this was just for a number of months and capped at £30 in whole.

For the time being it’s only a trial, however an e mail final week to these with entry indicate there may very well be a roll out in mid-November, maybe across the ninth. Learn extra about it right here, and we’ll let additionally you understand if it turns into an official characteristic.

Starling makes Kite free

The debit card for youths aged 6 to fifteen is now free so as to add to grownup Starling accounts. This was once £2 a month so it represents a good saving for any of you with youngsters.

It’s successfully a linked account to your individual account (it’s essential to have your individual Starling account so as to add a Kite card) however they’ll get their very own card and their very own model of the app.

You’ll additionally get one free children meal at a Nationwide Belief property – whether or not you’re a brand new or current Kite buyer.

Monese provides cost for dormant accounts

From 19 December 2023 there are some adjustments to the free Easy account from Monese – and it means most of it would be best to ditch it.

There are a number of to pay attention to akin to:

no free abroad spending (down from £2,000 a month)no free ATM withdrawals (down from £100 a month)30p per digital card added (presently free)an outbound cost of £1 (presently 50 free monthly then 20p)

However the greatest one to learn about is an inactive account payment of £1 a month. This shall be charged if you don’t make or obtain a fee to the cardboard for 12 consecutive months.

So you may both make sure you add some money yearly (and use your debit card to spend it as a switch will value you £1), or cancel your account.

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

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

Get the perfect 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 November 2023

I all the time suppose it’s price 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 Edge (evaluation)Finest account for rewards – Halifax Reward (evaluation)Finest account for financial savings curiosity – Santander Edge (evaluation)Finest account for 0% overdraft – Nationwide FlexDirect (12 months solely) (evaluation)