Beware of Bank Accounts offering Cash Incentives

Just to let you all know, that I heard on the radio today that the Government is trying to get banks to be more truthful regarding their charges. Some Banks are offering cash incentives of £100 or more to open a bank account, but don't tell you that these accounts come with extremely high charges, like £5 per day for every day you are overdrawn.
Just make sure you do your homework and if you are sitting in the bank opening an account, then make sure you ask for a list of charges and are clear and happy with them before signing on the dotted line, otherwise you could easily be giving that £100 back to the bank, before too long!

Get £100 for switching bank accounts

I know that switching bank accounts is a real pain, but if you are serious about saving/making extra money this year (and you must be if you are reading this blog!), then Alliance and Leicester is currently giving away £100 when you switch bank accounts to either their Premier Current Account (£500 monthly funding, minimum age 21) or a new Premier 50 current account, pop into branch or visit them here Alliance & Leicester. Talking of saving and making money, if you are following the hints and tips given on this blog then perhaps you can leave a comment to let me know what you have actually saved or will be saving in the future, perhaps due to switching energy suppliers, using voucher codes, cashback sites or buying the bargain jeans I recommended in a recent post.