Martin Lewis’ tip to bag free £205 ahead of Christmas – without a bank switch

Are you feeling cash-strapped ahead of Christmas?

With the festive period right around the corner, Brits will be feeling the pinch. But if you're looking for a way to earn some money, here's a handy trick.

According to Martin Lewis in his weekly MoneySavingExpert newsletter, you have just a few hours left to claim £205. And the money comes without switching banks.

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In a post, it said: "Urgent update – this closes 11:59pm Monday (November 6)." As long as you do the HSBC application before tonight, you could receive the free money.

The incentive is a little different to the usual bank switches Martin's website often suggests. This time to get the money, all you need is to get one of HSBC's new multi-currency accounts.

After you do this, the bank is willing to pay you at least £125 then a further £80 next year. The offer can help you get free money without switching in time for Christmas.

Here's everything you need to do before the November 6 deadline tonight.

Step 1: To get the free £125, this is for new customers who get accepted to open the fee-free HSBC Advance account. You don't need to switch from another bank but just open the Advance account.

You'll then need to spend at least five times on the debit card then pay a total of £1,500 in. Make sure you log into the mobile app and open the app-only HSBC Global Money multi-currency account.

Next you have to order the associated multi-currency debit card. To qualify, you can't have held a HSBC current account or opened a First Direct current account since October 1, 2018.

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Step 2: To get the extra £80, the Global Money account allows you to hold money in 18 different currencies and make payments in those currencies.

Once you've got the Global Money debit card (which is separate from the one for HSBC Advance), you must use it five times before April 2024.

Then you'll receive the extra £80 in the Global Money account in early May 2024 so it has to be open until then. And you'll only get the £80 if you've received the £125.

You'll also be entered into a prize draw to win one of 24 £3,000 cash prizes, but you can opt out. So make sure you act fast!

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