All news on the topic: Co op Bank

From today, customers who switch their bank to Co-op bank's Standard Current Account or Everyday Extra account can get an upfront payment of £75 - and a chance of a further £75

'We are focused on delivering value to our shareholders through the strength of our business model and the hard work of our colleagues' - Nick Slape, chief executive of the Co-op Bank

The Everyday Rewards scheme for Co-Op banking customers gives monthly rewards for simply banking with them and the scheme paid customers up to £2.20 a month if they hit the rewards criteria

The acquisition by Coventry Building Society means Co-op Bank moves a step closer to regaining its mutual status, which is where a company is owned by its customers

To get the first £100, new and existing customers need to switch their current account - then for the second payment, worth £50, you need to have a qualifying savings account

The finding comes from study by the Co-op and children's charity Barnardo's and is published as teens get ready to receive their A-level, T-level and BTEC results this week