MT Week - Is it worth taking up a bank switching offer?

Every now and then, banks will offer a cash incentive of between £100 and £150 if you switch your current account over to them.

It’s free money and you don’t have to declare it to HMRC for tax purposes.

But is it too good to be true? And is it worth the hassle?

With so many bank switching offers around at the moment, I wanted to look at the pros and cons o…