Lloyds banking group subsidiary Halifax has announced that new customers switching to any of Halifax’s current accounts will not pay any fees on planned overdrafts for 12 months.
The offer is available until the 3rd of March 2013.
New customers will receive £100 when they open their account.
This offer also applies to new customers even if they have an existing overdraft.
Anthony Warrington, director of Halifax current accounts, said: "We want to make our customers better off, and this initiative demonstrates that by switching to a Halifax current account you can not only earn £100 but you can save overdraft fees and charges too.
"Other switching offers generally only work for people who are in credit. However, this one will also be attractive for those moving an existing overdraft, as they will still get £100, but won’t have to pay any overdraft fees for a year."