Has anyone here switched bank accounts to make a bit of extra money? With the 7 day switch it is easy to do and a good way of getting some extra cash, although you will have to wait a few weeks to get the bonus. I have switched banks 3 times now in around 2 years and got £150 + £100 + £125 = £375 this way. I started off by opening a new current account WITHOUT switching, as I did not want to lose my main current account. I then opened a Tesco instant saver account and a Tesco Internet Saver account as these can both be used to set up 2 x direct debits which you will need for most 'switches'. After a couple of months of the direct debit payments, I applied to switch this new current account to a bank with an offer of £150 to switch. You do have to be very careful of the terms and conditions of the switch e.g. pay in a certain amount each month (this can be transferred in and out over the month if necessary), have a minimum number of active direct debits already in place, make sure to fully switch the account and close it etc. Current switching deals are with HSBC £150, M&S £125 and Halifax £125. For anyone planning on getting a mortgage etc soon it may be best not to do too many as they do show up on credit searches.