T212 hikes cashback rate, £200 Danske switching deal & more (May 2024 banking news UK)

Here’s Andy's monthly update to help you get the most from your bank account.
W A T C H N E X T
Trading 212 card review: is it any good?
• Trading 212 card revie...
READ THE ARTICLE
becleverwithyourcash.com/may-...
#Bankaccounts #currentaccounts #bankswitching
TIMESTAMPS
00:00 YouGov Finance pulls account sharing facility
01:16 Bank closure announcements
01:44 Triodos bank to close overdraft facility
02:11 Cooperative Bank to stop awarding points plus possible takeover
04:09 Banking apps - check your cheques!
05:24 Emma budgeting app cuts free features
06:49 Revolut hires new Exec to explore adverts in the app
07:30 Monzo replace their paid for tiers
09:35 Lloyds and Halifax increase paid for account prices
10:42 Trading 212 increase cashback rate
12:41 £175 switch deal with First Direct
13:14 Virgin Money bank switch deal
14:25 Danske bank £200 switch deal for NI customers
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / beclevercash
I N S T A G R A M - / becleverwithyourcash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
W E B S I T E - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[@allendavid4139]

Revolut should concentrate on getting their UK banking licence,and I believe they’re not FSCS covered

[@jdpt-]

11:39 pretty sure you're a factor of 10 out here. You'd need to spend £1333.33 per month to reach the monthly cap of £20. Over the course of the 6 months that'd be about £8k spend.

[@georgewood00]

Correct

[@St0ffel]

The amount you need to spend at T212 for 1.5% cashback capped at £20 is £1333 not £13333. Let me know if I've missed something?

[@sph4551]

Rookie mistake by Andy lol

[@GavinLawrence747]

thought I was going mad when I thought about it....

[@Sean-411]

Thanks for covering Danske bank! 🤑

[@dxvidwoods]

Is danske 200 available for Scottish customers

[@NightElff88]

1.5% cashback! Now we are talking Trading 212. Already using the card.

[@YasinFikriYildirim]

Are NatWest still doing 200 pound switch ?

[@JPnielsen]

I'd be interested in that Trading 212 card if it was a credit card, but since it's a debit it's much less appealing.

[@NightElff88]

Why a credit card would be more interesting?

[@ZeroRiskAppetite]

With Trading212s 1.5% cashback and the upcoming 5.2% cash isa they're well on their way to bank of the year 2024.

[@billB101]

Absolutely shifting money when the 5.2% cash isa rolls out.

[@MARTINA-gc3tq]

What plonker would give all their banking and spending details to a third party?

[@UndisturbedMonk]

A smart one

[@jimbojimbo6873]

I did

[@MARTINA-gc3tq]

@@UndisturbedMonk all for £100…..you deserve a kids money box and a plastic key.

[@paulkonighaus3895]

Just heard T212 are going to launch a cash ISA with 5.2% interest rate

[@emmanuelm777]

when is that ?
is that fcsc protected ??

[@ivanbabu363]

How danske will know where I live??

[@jimbojimbo6873]

Driving license or passport

[@lippya4311]

Lumio is okay.

[@dr.eyeball.3121]

Right lm moving to northern Ireland 😂

[@t1990322]

I live in Belfast and work in ROI!

[@stephenalderton6300]

All banking apps poor for cheque add. Santander one of worst

[@DarkReaper-or9el]

Starlings decent for cheques

[@charlotteh8174]

Boom!