To be eligible for the offer, the new customer will need their friend’s invite code to register.

Furthermore, they will need to open a new Personal Current or Private Banking Account with Metro Bank, switch within 30 days via the Current Account Switch Service, deposit at least £500 in each of the first two months, and make 10 debit card purchases in that time.

Elsewhere, two other banks have recently announced incentives for new and existing customers who switch current accounts via the Current Account Switch Service.

This week, Royal Bank of Scotland (RBS) announced it is offering £100 to new and existing customers switching their main bank account.

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