Lloyds Banking Group

BRITAIN’S banks are giving away free cash payments of up to £200 each – and customers need to do one thing to be eligible to claim the money.

The extraordinary deals are being offered by major UK banks such as Lloyds and NatWest as part of the fight to boost customer numbers.

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Nationwide is also among the list of banking giants handing out the free cash payments for changing bank accounts.

The deals are part of switching incentives, and also come with extra perks like cashback and savings rates well above the average.

Nationwide Building Society

The first bank on the list is giving out a handsome sum of £175 to customers who complete a full switch through the Current Account Switch Service (CASS).

Those joining can pick from three accounts: FlexPlus, FlexFirect or FlexAccount.

The FlexDirect account offers 5 per cent AER interest on balances up to £1,500 for the first 12 months.

It also offers 1 per cent cashback on debit card spending with a maximum of £5 per month.

Combining this with the switching bonus, cashback and interest, smart savers could horde up to £400 in free payments in the first year of joining.

Nationwide’s Director of Group Retail Products Tom Riley said: “It’s never been more rewarding to be a Nationwide member and that’s why we want to help more people benefit by offering this switching offer.”

The building society consistently ranks top for customer service and has already attracted over a million new customers through CASS since 2013.

Lloyds Bank

For a £200 free cash payment, Lloyds Bank is giving away bonuses to customers who make a switch.

People who move their existing account to a Club Lloyds or Lloyds Premier account can get the free cash.

But the payment comes on condition they set up three or more direct debits.

Lloyds Bank is one of the UK’s largest financial services organisations and serves tens of millions of Brits.

NatWest

For account holders switching with NatWest, customers can get up to £175 on one condition.

Those choosing a Select or Reward account can get the free cash.

But they must pay in £1,250 first.

And customers also need to login to the mobile app within 60 days.

Other major banks

RBS, part of NatWest Group, is also offering £175 for switching to a Select or Reward account, as long as they pay £1,250 and login to the app in 60 days.

First Direct is offering £175 for switching to its popular 1st Account.

Customers must pay in £1,000 minimum, set up two direct debits or standing orders, and make five debit card payments within 45 days.

The Co-operative Bank’s switch deal stands at £100, with customers able to make another £75.

Customers need to meet the same requirements as First Direct switchers over the next three months.

What energy bill help is available?

There’s a number of different ways to get help paying your energy bills if you’re struggling to get by.

If you fall into debt, you can always approach your supplier to see if they can put you on a repayment plan before putting you on a prepayment meter.

This involves paying off what you owe in instalments over a set period.

If your supplier offers you a repayment plan you don’t think you can afford, speak to them again to see if you can negotiate a better deal.

Several energy firms have schemes available to customers struggling to cover their bills.

But eligibility criteria vary depending on the supplier and the amount you can get depends on your financial circumstances.

For example, British Gas or Scottish Gas customers struggling to pay their energy bills can get grants worth up to £2,000.

British Gas also offers help via its British Gas Energy Trust and Individuals Family Fund.

You don’t need to be a British Gas customer to apply for the second fund.

EDF, E.ON, Octopus Energy and Scottish Power all offer grants to struggling customers too.

Thousands of vulnerable households are missing out on extra help and protections by not signing up to the Priority Services Register (PSR).

The service helps support vulnerable households, such as those who are elderly or ill.

Some of the perks include being given advance warning of blackouts, free gas safety checks and extra support if you’re struggling.

Get in touch with your energy firm to see if you can apply.

Financial expert Kate Steere said Nationwide’s package may be the best in value over 12 months, factoring in interest and cashback.

She said: “If you max out the savings and cashback alongside the switching bonus, you could be looking at nearly £400 in your first year.”

Lloyds is offering the highest single payout though, standing at £200 upfront.

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SEVERAL major high street bank brands are set to slash opening hours at hundreds of branches within days, The Sun can reveal.

Lloyds Banking Group, which operates Lloyds, Halifax, and Bank of Scotland, is set to shake-up opening hours at all 757 of its branches from September 29.

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The move is being branded as a step towards consistency and improved staff wellbeing, but it will also mean less time for customers to access in-person banking services.

Under the new rules, branches will open later and close earlier than many currently do.

Weekday opening times will shift from 9am to 9.30am, with an even later start of 10am on Wednesdays to allow for dedicated staff training and development.

Closing times, which currently vary between 4.30pm and 5pm depending on the branch, will now be standardised to between 3.30pm and 4.30pm.

This means customers who previously had access to branches for longer hours will now lose up to 90 minutes of service each day.

Saturday hours are also being reduced, with branches opening at 9.30am instead of 9am.

Most will close by either 1pm or 3pm, cutting 30 minutes from morning banking services.

These changes will result in a net reduction of banking hours across the week.

For example, customers who rely on branches that currently open at 9am and close at 5pm could lose significant time for banking tasks.

The reduction in opening hours reflects a broader trend in the banking industry, as more customers shift to online and mobile banking.

With fewer people visiting branches in person, banks are cutting back on physical service times.

The changes are set to come into effect on September 29, with staff already being informed of the adjustments.

Customers who rely on in-branch services are being advised to check the new opening hours before planning their visits.

You can check your local branch’s operating hours by visiting branches.lloydsbank.com.

Lloyds Banking Group was contacted for comment.

How do I switch bank accounts?

SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS).

Dozens of high street banks and building societies are signed up – there’s a full list on CASS’ website.

Under the switching service, swapping banks should take seven working days.

You don’t have to remember to move direct debits across when moving, as this is done for you.

All you have to do is apply for the new account you want, and the new bank will tell your existing one you’re moving.

There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account.

You should get in touch with your existing bank for any old statements.

When switching current accounts, consider what other perks might come with joining a specific bank or building society.

Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts.

And some banks offer free travel or mobile phone insurance with their current accounts – but these accounts might come with a monthly fee.

Other bank changes

Lloyds, Halifax, NatWest and Bank of Scotland is also closing a total of 119 branches over the next few months.

Last month, the Co-operative Bank announced plans to reduce opening hours at some of its branches by up to three hours a day.

In addition, 18 of these branches will close for one weekday each week.

Starting in January 2026, up to 25 of the affected branches will also shut on Saturdays.

However, the bank has confirmed that none of its branches will be permanently closed as part of these changes.

In June, Santander cut opening hours in half at 36 branches.

This move came as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18 to “counter-free” service desks.

In April, Nationwide revised the opening times at 12 high street branches.

This means the days when your local branch would normally be closed have now been shifted to different days of the week.

MILLIONS of bank customers face being left stranded after a damning report revealed 6,000 branch closures over the past decade.

A whopping 13million customers used bank branches last year, according to the Financial Conduct Authority (FCA).

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The data shows that most users remain “reliant on bank branches for essential services,” despite the move toward online banking.

The FCA report revealed that an eye-watering 9.7million people visited a specific site at least once a month.

Experts fear that the trend of branch closures will leave customers stranded with around 3.3million account holders never banked online.

Around 63 per cent of those are over the age of 85, which raises further concern, according to the FCA.

The report also found that people from low-income households – as well as those with cancer, multiple sclerosis, or HIV — were less likely to engage with digital banking.

Caroline Abrahams, charity director at Age UK, said: “The disappearance of face-to-face banking risks cutting a significant minority of the older population out of an essential service, making it difficult if not impossible for them to maintain their independence.”

The main reasons people avoided online banking were concerns about security and a preference for speaking to someone face-to-face.

A staggering 21 per cent of account holders surveyed said their regular bank branch had closed.

Consumer group, Which?, showed that more than 6,000 branches have shut in the past decade.

Jenny Ross, money editor at Which? said: “As the UK’s bank branch network continues to be cut to the bone, more people are finding it difficult to access banking services.”

 Former pensions minister Ros Altmann added: ‘Millions of British citizens cannot and do not use online or mobile banking, and indeed don’t even have a smartphone.

Despite the rising bank closures, Nationwide has committed to keeping all of its branches open until 2028.

The major bank has seen the number of customers rise by 4 per cent, which appears to be partly driven by other bank closures.

Which bank branches are closing in June?

Halifax:

• Bitterne: 400/402 Bitterne Road SO18 5RS – June 9
• Bournemouth: 335/337 Wimborne Road BH9 2EA – June 4
• Felixstowe: 85 Hamilton Road IP11 7BQ – June 2
• Fleetwood: 4 Poulton Street FY7 6LR – June 22
• Gainsborough: 32 Lord Street DN21 2DQ – June 2
• Launceston: 1 Southgate Street PL15 9DP – June 3
• Leek: 16 Derby Street ST13 5AB – June 4
• Letchworth: 1 Commerce Way SG6 3DN – June 3
• Littlehampton: 68 High Street BN17 5EA – June 23
• London (North West): 469 Kingsbury Road NW9 9ES – June 2

Bank of Scotland:

• Bathgate: 50 Hopetoun Street EH48 4EU – June 30
• Cowdenbeath: 349/351 High Street KY4 9QJ – June 24
• Linlithgow: Regent Centre Blackness Road EH49 7HU – June 23

Lloyds:

• Alcester: Stratford Road B49 5AX – June 25
• Ashbourne: Compton DE6 1DY – June 24
• Dorchester: 1-2 High West Street DT1 1UG – June 19
• Launceston: 13 Broad Street PL15 8AG – June 3
• Liverpool: 188-190 Breck Road L5 6PX – June 4

Over the rest of the year, another 40 branches are closing.

These include locations in Bristol, London, Bolton, Edinburgh and Coventry.

Here is the full list…

Halifax:

Barrow-in-Furness: 133-135 Dalton Road LA14 1HZ – September 10
Bexleyheath: 131 Broadway DA6 7HF – October 23
Blackpool: 283/287 Lytham Road FY4 1DP – October 29
Bolton: 23/27 Knowsley Street BL1 2DG – November 20
Brentwood: 12 High Street CM14 4AE – September 10
Bristol: 15 Kings Chase Shopping Centre BS15 8LP – October 8
Carmarthen: 121/122 Lammas Street SA31 3AE – October 6
Castleford: 68 Carlton Street WF10 1DB – September 8
Cirencester: 10/12 Cricklade Street GL7 1JH – September 25
Crewe: The Market Centre CW1 2HU – October 14
Derby: 39 East Street DE1 2BL – October 23
Epsom: 51-52 The Ashley Centre KT18 5DB – September 15
Erdington: 221 High Street B23 6SS – September 24
Folkestone: 70-72 Sandgate Road CT20 2AA – October 9
Hayes: 45/47 Station Road UB3 4HH – October 6
Hexham: 20 Priestpopple NE46 1XH – November 5
Hove: 86/87 George Street BN3 3YE – October 20
London (South East): 165/169 Eltham High Street SE9 1TT – October 29
London (South East): 9-13 Powis Street SE18 6HZ – October 1
London (South West): 6 St Johns Hill SW11 1RU – September 23

Bank of Scotland:

Edinburgh: 206 St John’s Road EH12 8SH – October 29

Lloyds:

Biggleswade: 35 High Street SG18 0JD – November 5
Blandford: 6 Market Place DT11 7EE – November 10
Bristol: 16 Highridge Road BS13 8HA – November 6
Bury: 45 The Rock BL9 0JP – October 21
Chard: 27 Fore Street TA20 1PS – November 11
Coventry: 531 Foleshill Road CV6 5JN – November 4
Dunstable: 12 High Street North LU6 1JY – November 4
East Grinstead: 1/3 London Road RH19 1AH – November 12
Fakenham: 27 Norwich Street NR21 9AH – July 1
Falmouth: 11-12 Killigrew Street TR11 3RA – November 13
Feltham: 40 The Centre TW13 4AX – November 4
Ferndown: 84 Victoria Road BH22 9JB – November 17
Hexham: Priestpopple NE46 1PA – November 5
Kidderminster: 1 Vicar Street DY10 1DE – October 16
Leeds: 1 Cross Gates Centre LS15 8ET – August 20
Leeds: 52 Town Street LS12 3AE – September 8
Leominster: 9 Corn Square HR6 8LT – November 18
London (East): 180 – 182 High Street E17 7JH – October 22
London (South West): 12 Mitcham Road SW17 9ND – October 8
Loughton: 11 The Broadway IG10 3SW – November 12
Manchester: 64 Old Church Street M40 2JF – November 5

Since June 2022, Lloyds Banking Group has shut 537 bank branches across its three brands.

It has previously said all workers at the affected branches will be offered jobs elsewhere in the company.

UK banks and building societies have closed about 6,293 branches since January 2015, according to research by Which?.

This works out as almost two branches shutting every day for the past decade.

Barclays is the individual bank that has reduced its network the most, with 1,227 branch closures.

What to do if your local bank is set to close

If your nearest branch is closing, you should still be able to access banking services without going to another town.

For example you could check if there is a Post Office near you.

Here you’ll be able to do basic banking tasks, although you won’t be able to open a new bank account or take out personal loans or mortgages.

You can find your nearest Post Office branch by visiting postoffice.co.uk/branch-finder.

Many banks also offer a mobile banking service where they bring a bus to your area that offers services you can usually get at a physical branch.

Other banks use buildings such as village halls or libraries to offer mobile banking services.

You may want to contact your bank to see what mobile services they have available.

Another option is to check if there’s a super ATM near you.

These have been rolled out across the UK where branch closures have left residents unable to access essential banking services.

These ATMs will allow customers to withdraw funds, access their balance, change PIN numbers and deposit cash.

Banking hubs are also being opened across the country with 250 set to be available by the end of 2025.