Martin Lewis tells bank customers to use savvy account switching system and bag free £3,000

Martin Lewis, the financial guru behind Money Saving Expert, has highlighted a lucrative tip for bank customers that could see them pocketing a staggering £3,000. On his BBC Sounds podcast, Mr Lewis detailed the strategy in the latest edition of the MSE newsletter.

The ITV regular Mr Lewis advised: "Done carefully, you can switch multiple times. Some even open 'burner accounts' just for switching. Full help, pros and cons in Make £100s or £1,000s switching banks. Many people do it, including some here in MSE Towers."

He also shared a success story to illustrate the potential benefits: "And to show you how well it can work (as part of a carefully controlled money-making system).", reports Birmingham Live.

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Simon emailed MSE to say: "Over 12 months my wife and I undertook 10 bank switches, managed our spending through stoozing, and made sure we used cashback sites for purchases."

Simon's efforts paid off handsomely: "Through these methods, we managed to amass £3,000 which we used to pay for a seven-day family holiday in Rome, which we loved. We managed this all through the help of MSE. Thank you MSE for paying for our holiday - we'd not have been able to go to Rome without your help."

Currently, Santander is leading the pack with an enticing offer that includes a free £175, along with 7% easy-access savings, 1% bills cashback, and a top-notch overseas debit card. Those who switch to the Edge account, which has a monthly fee of £3, will benefit from dual cashback on both bills and groceries.

Open a Santander Edge account and you'll gain access to its linked one-year savings offering a 7% interest rate for up to £4,000, which