Banking customers who switch their main current account to the Co-operative will receive a reward of £200.
From today (October 17th), the offer is open to any new or existing current account customer with the bank who requests a full switch from another provider and adds £800 to their account in the first three months.
Customers do not need to hold additional products such as mortgages and savings with the Co-operative to receive the full £200.
Rod Bulmer, managing director, retail at the bank, said: "Customers may be disillusioned with their current provider and we want to have the opportunity to prove that there are genuine alternatives to the big five banks."
Head of banking at moneysupermarket.com Kevin Mountford described the offer as an "attractive proposition".
"The Co-operative Bank's customer service regularly receives industry honours, so they could be a good alternative for anyone who is unhappy with their existing bank," he added.
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