Switch Now and Get a Free Cash Bonus from Top UK Bank!

Changing banks frequently proves advantageous for saving cash, let alone the perks involved. Numerous British financial institutions provide various benefits. free cash To attract clients away from their rivals, banks are employing various strategies. Experts suggest that this moment presents an ideal opportunity to make the change, particularly since one financial institution is providing a significant incentive of £175 upon switching your account.

First Direct's 1st Account Offers new clients an outright £175 cash bonus. To qualify, certain conditions have to be fulfilled. First Direct claims that you can open the account within mere minutes. After receiving your switch request, they'll notify your previous bank for you.

First Direct handles the transfer of all recurring payments and gets in touch with both the direct debit initiators and your employer.

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There are also other benefits to switching to the First Direct account, such as favourable borrowing and saving terms. Their customer service comes highly recommended by users of Money Saving Expert.

How do I open a First Direct account and claim the £175 bonus?

New customers only have three simple steps they need to follow to make sure the bonus ends up in their account. They should:

• change between two or more direct debits or standing orders
• deposit £1,000 or more
• carry out at least five debit card transactions within 45 days
• Sign in to online banking

What adds to the appeal is that you can deposit the £1,000 and subsequently withdraw it to claim the bonus. Unfortunately, for those who have opened an account, this option may not be available. HSBC Accounts opened on or after January 1, 2018 are not eligible; this offer is available exclusively to new customers.

Furthermore, the 1st Account from First Direct provides a 0%EAR variable rate on up to £250 of an overdraft. Additionally, it includes a one-year fixed-rate savings account which could generate £136.50 annually in interest if you deposit the maximum amount of £300 each month.