Two major UK banks are offering switching bonuses but the deals are only available for a limited time

Two leading UK banks are offering £175 to customers who complete some simple steps as part of switching to their services. Banks frequently provide incentives to attract new customers, particularly when they're seeking to grow their client base.

Money Saving Expert (MSE) explained: "Banks sometimes offer switch incentives – free cash, boosted savings rates or other perks – to new customers who switch in an existing current account to a new current account with them. Essentially, banks want your custom and switch bribes are a double win for banks – you not only join them, but you leave one of their rivals."

These promotions are typically available for a limited period. Currently, two of

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