revolut.com has been visited by 100K+ users in the past month
Save on transfers, payments, and currency exchange with Revolut Business. Do business globally from day one with the only business account you need. sign up today
- Open A Business Account
One Platform For Company Finances
Open An Account In Minutes
- Business Account Pricing
Compare Our Plans
Apply For An Account Today
- Open A Business Account
Compare Offers & Apply For A New Checking Account with Required Activities. Member FDIC. Open a New Checking Account Online with Required Activities. Apply Now! Member FDIC
Search results
- You get £175 when you switch an existing account to first direct’s 1st Account. Once you switch, you can also access the Regular Saver account at 7% AER fixed for 12 months. If you save the maximum amount of £300 a month into the savings account, you’ll have £136.50 after a year.
www.finder.com/uk/current-accounts/best-bank-switch-deals/first-direct-switch-deal
People also ask
Does first direct offer a bank switch deal?
What are the requirements for the first direct switching offer?
Does first direct offer a switching bonus?
How much does first direct offer for changing bank?
Within 45 days of your account opening you need to: switch to us using the Current Account Switch Service (including at least 2 Direct Debits or standing orders), deposit £1,000, make 5+ debit card payments, and log on to digital banking.
- The current account where you come 1st - first direct bank
Within 45 days of your account opening you need to: switch...
- The current account where you come 1st - first direct bank
Switching to a new current account is quick, easy and can earn you £175 in free cash. Yet you can get plenty of perks without switching bank account, including 1% cashback on spending or bills and decent savings interest. This guide explains it all and helps you compare the top-pick accounts.
- How Much Can You Get For Switching to First Direct?
- Who Can Get The First Direct Switching offer?
- What Are The Requirements For The First Direct Switching offer?
- When Does The Offer End?
- When Will The Money Be paid?
- Bonus Cashback on Top
- Is First Direct Any good?
- Are There Better Switching Offers?
- Previous First Direct Switching Deals
This First Direct switchingoffer is pretty straightforward. You’ll get a fixed £175 if you meet the conditions outlined below. This is the highest I can remember from the bank. You can only get one bonus per person, regardless of whether you have more than one solo or any extra joint accounts. You’ll also only get one payment per joint account, not...
The offer is only available to new First Direct customers, so no luck if you are an existing or previous customer of ANY product. You’re also barred from getting the free cash if you opened an HSBC current account (other products are fine) on or after 1 January 2018. Previously this was 2020, so it’s another example of banks wanting to make it hard...
To get the £175 you need to open a 1st Account (this is First Direct’s standard current account) and pay in £1,000 within 30 days of opening the account. This doesn’t have to be in one go but each deposit does need to remain in the account for at least 24 hours. As with most switching deals, you need to use the Current Account Switching Service to ...
First Direct has usually had an open ended offer on launch, and that’s the case with this one too. We’ll update it if any notice is given of when it ends.
The full £175 will be paid to your account before the 20th of the month following you completing all the criteria.
If you apply via Quidco or TopCashback in the first instance you can get £45 cashback on top. If you’re new to the site you can get up to £20 as a bonus as well, though that needs to be triggered by a purchase at a different retailer.
First Direct always scores well on customer service, but bear in mind there are no branches – banking is all on the phone or online. It’s also part of the HSBC group, so the FSCS protection is shared between the two.
If you’re a repeat switcher and aren’t planning to keep an account then this is one of the best. But if you plan to just switch once I’d actually look at other options which have added rewards or cashback. These come and go, so here’s everything you need to know about all these and other different bank switching deals.
£175 (March 2024)£175 (September to late 2023)£175 (early 2023)£150 (February to August 2022)- None
- None
- Shared FSCS protection with HSBC
Within 45 days of your account opening you need to: switch to us using the Current Account Switch Service (including at least 2 Direct Debits or standing orders), deposit £1,000, make 5+ debit card payments, and log on to digital banking.
5 days ago · You get £175 when you switch an existing account to first direct’s 1st Account. Once you switch, you can also access the Regular Saver account at 7% AER fixed for 12 months. If you save the maximum amount of £300 a month into the savings account, you’ll have £136.50 after a year.
May 7, 2024 · First Direct has revived its £175 cash incentive for switching to its 1st Account, due to 'popular demand'. The bank said the deal had 'significant take up' when it was available for four weeks back in late March before being pulled last month.
6 days ago · Best bank account switching offers, cashback & incentives. By Lauren Burrows. 7 min Read Published: 02 Sep 2024. Switching bank accounts got a whole lot easier on 16 September 2013 thanks to the Current Account Switch Service (CASS), brought in by regulators in a bid to boost competitiveness within the banking sector.
