In an update to the deal I mentioned about Chase bank, I can confirm that the offer is actually available until Midnight on the 7th of June 2022, so there is still time to grab your free £20!
The deal remains the same, download the app, register and send £20 to the new account. Once the £20 has been received, which is usually more or less instant, depending on your bank, you will qualify for the free £20 bonus.
*DUE TO MASSIVE DEMAND, IT MAY TAKE UP-TO 5 WEEKS TO GET YOUR ACCOUNT SET UP, BUT AS LONG AS YOU SIGN UP BY MIDNIGHT ON THE 7th OF JUNE, YOU WILL STILL GET YOUR £20 BONUS
The bonus plus the initial £20 you sent to the bank can then be withdrawn *straight away, so there is no need to wait; you can have it in your bank within an hour!
The bank will send you a free banking card, so should you wish to use your new bank account, you can, and I will be, and that's because when you use your card to make a purchase, you will earn 1% cashback on **all purchases made, for a year, which is pretty impressive, so every time you buy groceries, a coffee, or anything you usually spend money on, you automatically earn 1% cash back!
A 1.5% interest rate is applied to your savings, paid monthly, so if you can save some money, you are earning interest on your balance!
*To grab the deal, you need to use our referral LINK and then download the Chase app.
You then need to enter your details and take a photo of your ID so that Chase can confirm your identity (this is for money laundering regulation reasons). Once you have the app and registration is completed, add £20 to the account. Once you add £20 to the account, you will be rewarded with a £20 bonus payment to your account, and there you go, you just made £20!
You can then refer your friends and family to the app and earn £20 for each person you refer that completes the steps I just mentioned! You can refer 20 people and so make £400 via the scheme, so make sure you refer your family and friends!
If you don't use our referral link and download the app and register, then go to the Rewards section on the app, click See rewards, click on the referral image and enter the code uB226qvi and that will activate your £20 bonus reward.
You can withdraw your £20 deposit again, plus your extra £20!
The whole process takes less than 5 minutes to complete, so it is a very quick and straightforward way to earn a few extra pounds in these challenging times!
*The Penny Pincher will earn a £20 bonus for every successful referral. This referral fee is used to part-fund our blog and website costs.
** Cashback cannot be earned on the following payment types:
Antique shops, including repairs and restoration
Art dealers and galleries
Bail and bond payments
Bank fees such as product fees, promotional merchandise, financial consultations and loan fees
Car and van dealers - new and used sales, services, repairs, parts and leasing
College and university fees
Government services not classified elsewhere
Insurance sales, underwriting and premiums
Motor home, camper and trailer dealers
Motorcycle shops and dealers
Nursing and personal care facilities
Professional and financial services
Real estate agent and management fees
Securities — stocks, bonds, commodities and mutual funds
Stamp and coin stores
Travellers Cheques and foreign currency