Bank offers new and existing customers free £150

The Co-operative Bank is offering cash to customers who join and stay with them. There is a total of £150 up for grabs and the deal is open to "new and existing current account customers"

UK households are being informed about a simple method to earn £150. The Co-operative Bank is offering cash incentives to customers who switch and remain with them.

New customers will receive £75 for switching, plus an additional £25 per month for up to three months. This offer could appeal to those currently banking with one of the larger institutions who decide to make the switch.

The Co-op has stated that this deal is available to "new and existing current account customers". The bank announced: "Switch and stay to get up to £150. Get £75 for switching to us, plus £25 a month for up to three months. Available to new and existing current account customers. Get our best money saving tips and hacks by signing up to our newsletter."

They added: "Co-operative Bank customers are part of an ethical bank – the UK's first to introduce a customer-led Ethical Policy, which still makes us unique today. And even better, you can get up to £150 in four months," reports Coventry Live.

This includes £75 for switching your current account to us and then £25 a month for up to three months, reports Coventry Live.