If you’re feeling strapped for cash this Valentine’s Day, Martin Lewis has a simple money trick for you.
The guru has revealed how Brits can make the most of their banks in his latest Money Saving Expert email.
He said money is always up for grabs for customers who sign up through HSBC’s Current Account Switch Service.
Martin wrote: “January is usually the month where banks pump out (legal) free cash bribes to get you to switch.
“Yet this year the cupboard was bare, as the only major switching freebie was Virgin Money’s wine.
“Finally, in the 2nd week of February, there’s a deal where you’re paid to switch.
“To get any of the freebies, you need to use the banks’ official switching services.”
Martin said you’ll need to pass a credit check before being eligible for the switch.
To get the free £125 from HSBC, you’ll need to switch to the bank’s Advance account.
Brits will get the money roughly 20 days after the switch has completed where you’ll also get access to its 1% fixed regular saver.
With the fixed regular saver, you’ll be able to save up to a whopping £250 a month.
If you’re looking for free alcohol, Martin has also shared a tip on that too.
He continued: “New Virgin Money switchers can get 15 bottles of wine (it says they’re worth £180).
“You’ll also get 2.02% AER variable interest (only on up to £1,000) and its debit card is a top pick for use overseas.”
For more information on both the deals, you can visit Best Bank Accounts on Martin’s website.
If you’re looking for more tips from Martin, recently he revealed how you can save ahead of Valentine’s Day.
He revealed his ideas on popular ITV series, The Martin Lewis Money Saving Show on Thursday, February 4.
Martin was quick to urge viewers there is “no need to spend for Valentine’s Day”.
He also provided advice on the best way to save money, including buying gifts a week in advance.