Get up to £175 with the best bank switching offers

First Direct receives 175 in total.

New customers who switch to First Direct's first account are eligible for a switching bonus worth £175.

You must finish the following tasks within 45 days of creating your First Direct 1st Account in order to be eligible for the bonus.

Put at least £1,000 into your account, either all at once or in several installments. Change at least two standing orders or direct debits to your First Direct First Account. Sign up for digital banking and log in. Make at least five uses of your new debit card for your first account. have opened an HSBC current account on or after January 1, 2018, or be a new First Direct customer who has never owned a First Direct product before. The 175 bonus will be credited to your account on the 20th of the subsequent month after all the procedures have been successfully finished.

You can access its market-leading 7 percent regular saver, which is featured on our list of the best regular savers, with this account. A 250 interest-free overdraft is included with the current account, though this is dependent on your credit history, and there are no fees when using First Direct for overseas purchases.

The national average is 175.

Switching to one of Nationwide's Flex current accountsthe FlexAccount, FlexDirect, or FlexPlus account (13 per month)will also result in a 175 bonus.

After requesting the switch, you have 31 days to finish the following in order to be eligible.

Switch to Nationwide using the CASS by visiting the building society's website or using their mobile banking app. Make a minimum of 1,000. At least two direct debits should be changed to Nationwide. Use a debit card at least once. However, if you've received a switch bonus from Nationwide or any other bank since August 18, 2021, you're not eligible for this offer. Learn more about Nationwide's three available accounts and their 175 switch offer.

There are 175 for Lloyds Bank.

After withdrawing its switching offer in December, Lloyds has relaunched it. Customers will need to meet specific requirements and switch to a new Club Lloyds current account in order to receive it. You have to: in order to qualify.

Choose a new Club Lloyds current account by switching your bank account. You can open a Club Lloyds account (3 monthly fee), a Club Lloyds Silver account (14.5 monthly fee), or a Club Lloyds Platinum account (25.5 monthly fee). Your old account must have at least three active direct debits. Standing orders and regular card payments are not included in this. Make the change prior to April 1, 2025. If they open a new Club Lloyds account, Club Lloyds Platinum account, or Club Lloyds Silver account and fulfill the requirements above, current customers are eligible to receive the 175 free cash.

After the switch is finished, the £175 will be credited to your account in three days.

If, since April 2020, you have already taken advantage of a switching offer, you will not be eligible for the switch.

You can also access the regular saver rate of 6 percent if you intend to move to one of the Club Lloyds accounts. Customers of Club Lloyds can also select from a digital Coffee Club and Gourmet Society membership, a 12-month subscription to Disney Plus, tickets to a Vue or Odeon movie theater, or a magazine subscription.

Get up to 160+ rewards with TSB Bank.

The switching offer from TSB Bank is back. A 100 switching bonus, 60 cashback, and a selection of rewards are available when you switch to a Spend & Save (free) or Spend & Save Plus (3 monthly fee) current account with TSB.

The following requirements must be met in order to be eligible for all three.

100 bonus: Make at least five debit card payments by March 14th, finish a full switch using CASS, and access your account via the TSB mobile banking app. Between March 28 and April 11, the bonus will subsequently be credited to your account. 60 cashback: For the first six months, if you've finished the switch, get double cashback of 10 every month when you make at least 20 debit card payments each month. You can select one of three rewards in September after making 20 debit card payments in August. These rewards include a night out for two at any hotel, including Mercure, two Odeon movie tickets per month for three months, or a six-month membership to NOW Entertainment. If, since October 1, 2022, you have already taken advantage of a TSB switching deal, you will not be eligible for this one. TSB has previously offered up to 210 for switching to the bank, making this the lowest-paying switching offer the company has ever offered.

The Co-op Bank: Receive up to 150.

The Switch and Stay promotion, which offers up to 150, has been relaunched by the cooperative bank. After completing a switch, customers can receive 75, plus an additional 25 per month for the next three months.

New and existing customers who fulfill the eligibility requirements and terms and conditions are eligible for the limited-time offer.

Everyday Extra, Privilege, Privilege Premier, Standard Current Account, and Current Account Plus are among the accounts that are part of the Switch and Stay promotion.

In the 30 days after the switch, you have to do the following to be eligible for the 75.

Make a deposit of at least £1,000 into the new account, including any funds that were moved during the switch. Keep two Direct Debits open. Make at least ten transactions using a debit card or digital wallet; unpaid balances will not be taken into account. Sign up for the bank's online and/or mobile banking services, and set up and maintain your debit card in a digital wallet (such as Google Pay, Samsung Wallet, or Apple Pay). If you have received a switch bonus at The Co-operative Bank since November 1, 2022, you are not eligible.

Customers who have never had an account before must apply for one while the offer is still active and request a complete switch within two weeks of opening their account.

Within eight weeks of requesting a switch, both new and existing customers must fully switch into their eligible current account.

During the first three months, customers must do the following each month in order to receive the £25 monthly.

Make at least ten debit card or digital wallet transactions, have two active direct debits, and deposit at least £1,000 into your account.

Will there be more offers to switch banks?

The switcher offers offered by a number of current account providers have been discontinued in recent months. Barclays and Lloyds Bank's free cash offers are no longer available.

Although offers have "fizzled out" for the time being, Moneyfacts' finance expert Rachel Springall says that more may be coming. She states: "When banks choose to compete for new business, consumers will witness these kinds of incentives come and go throughout the year.

There are still some good packages available to fit various situations, so this shouldn't stop customers from leaving and moving to an account that works better for them. Customers should select an account not just for a free cash incentive but also for its overall value.

How to change bank accounts.

Switching banks is made quick and easy by the CASS because banks must do the necessary paperwork and finish the switch in seven working days. All you have to do is use CASS to request a switch and open a new current account. Within seven days, the service will shut down your previous account and transfer all of your funds, direct debits, and standing orders to your new one.

Furthermore, any funds paid into or attempting to leave your previous bank account will be automatically transferred to your new account for a period of three years. Although these offers may seem alluring, it's crucial to keep in mind that you should only move to an account that meets your needs because some accounts may also have a monthly fee.

Before beginning the switch process, you should always review the terms and conditions to ensure that you are eligible for the bonus. It's also important to be aware that changing bank accounts may have an impact on your credit score if you plan to apply for any kind of credit in the coming six months, including a mortgage.

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