Barclays offers customers £300 to switch banks - but there are four conditions

Since we didn't get taught much about it at school, it's sometimes difficult to know exactly what to do with our money.

On that beautiful pay day, it's tempting to head straight down to the pub and splash it all at once, or at least enjoy whatever is left once you take out living costs and bills.

These days, it seems as if everyone has got some cash in stocks and shares, or something more fun like Premium Bonds, but of course we all need to have a little cash in our banks that's ready to spend.

And banks are always now competing and vying for our attention, which means that there's often some decent deals that we can take advantage of, to essentially earn ourselves some free money.

If you are willing to switch to Barclays, then you could earn yourself a tidy sum, but there are four conditions that you'll need to be aware of.

The British universal bank has launched two new switching offers for customers who open a Barclays Bank Account or Barclays Premier Account, with rewards worth up to £300 and £600 respectively.

Switching to Barclays could earn you a tidy sum (Getty Stock)

All you'll need to do is use the Current Account Switcher Service, which is described as a 'quick and easy way' of switching your bank account within seven working days.

Barclays write: "Customers who open a new Barclays Premier Account, complete a full switch using the Current Account Switching Service with three direct debits and pay in a minimum £5,000 salary within 30 days will receive £450. "Customers must then make at least 10 eligible debit card transactions a month to receive an additional £30 a month for five months, taking the total reward to £600."

That's not the only benefit as anyone with a Premier account will get access to a planning and advice service, exclusive Premier savings and mortgage rates. Just a shame they can't sort any tickers for the Barclays Premier League eh?

There are some rules you'll need to know about (Getty Stock)

Barclays adds: "Other Premier benefits include free Apple TV, access to Barclays Experiences and the ability to make larger cash withdrawals and transfer higher amounts online or in the app.

"Customers who open a new Barclays Bank Account, complete a full switch using the Current Account Switching Service with three direct debits and pay in a minimum £2,000 salary within 30 days will receive £150. Customers must then make at least 10 eligible debit card transactions a month to receive an additional £30 a month for five months, taking the total reward to £300.

"To qualify for either offer, customers must open and complete a Barclays Current Account application in the Barclays app within 21 days."

So, as long as you earn at least pay in £2,000 (or £5,000 for you higher earners), plan on using the bank account at least 10 times a month and complete the switch through the correct procedure, then you can land yourself a free bank account boost, just in time for Christmas.