Between 400 and 500 people a day are ditching TSB and switching to rivals following its IT meltdown.

So if you are with TSB and looking to move your current account – or you are with another bank and think you could get a better deal elsewhere – where should you go?

For many people, it’s the perks on offer – such as “golden hello” payments – that may persuade them to make the move from their current bank to another institution.

A few days ago Royal Bank of Scotland launched its first current account switcher offer for almost a decade. Until 6 July it is offering £100 to people who switch their main bank account to it. Customers opening one of its Reward accounts will also benefit from 2% cashback on many household bills, plus fee-free transactions on debit card purchases abroad this summer (fees are being waived until 31 August).

Switchers are required to use the official Current Account Switch Service (Cass), and there are other conditions too.

RBS-owned NatWest is also offering a £100 payment to people who switch to it. The deadline is Friday 15 June. However, RBS has had a few of its own IT meltdowns, including a major one in June 2012.

First Direct is running an offer where people switching to it can pick from a list of gifts including a £150 Expedia voucher and an Amazon Echo Spot. You need to use Cass and pay in at least £1,000 within three months of opening the account.

M&S Bank is offering a £125 M&S giftcard when you switch using Cass, plus up to an extra £60 if you stay for 12 months. Existing M&S credit card holders can access an exclusive £220 switching offer.

Barclays says people who switch to it by 29 June and sign up for Blue Rewards will get double cash rewards for a year. Blue Rewards costs £3 a month and offers money back on products and services, plus cashback from partner retailers.