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Martin Lewis issues 'big cash' tip worth £175 to anyone willing to switch banks

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After a period of scant 'big cash' incentives, major retail banks have reignited the battle to attract new customers with a slew of enticing offers aimed at drawing people to their current accounts.

Finance expert Martin Lewis has highlighted three standout deals that could provide individuals with a substantial financial uplift.

On his weekly Martin Lewis Podcast, the Money Saving Expert heralded the comeback of lucrative cash incentives for newcomers, noting that three leading banks are now dangling a £175 cash carrot for those who join.

To secure this boost to your bank balance, all you have to do is deposit funds into the newly opened account. Fresh from his morning stint on Good Morning Britain, where he put Labour and Conservative politicians through their paces regarding their economic strategies, Martin Lewis was buoyant as he kicked off his podcast, exclaiming: "It's my pre-election budget giveaway, yes, I am giving you free cash - bank switching bribes are back.", reports the Mirror. READ MORE: Holidaymakers issued £87 warning over forgotten check on return to UK And it's not just a one-off opportunity; savvy customers can potentially accumulate up to £525 in bonuses by switching between different banks.

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