First Direct has outlined the requirements for claiming a £175 bonus when switching current accounts. Customers must complete specific tasks within 45 days, including transferring direct debits and using their debit card.
First Direct has outlined the terms and conditions for claiming £175 in free cash when switching to their bank. Customers can receive the payment by utilizing the Current Account Switch Service. A user inquired on X about the direct debit requirements for the offer, asking if all direct debits needed to be switched or just a few. The bank clarified that the switch must include at least two direct debits or standing orders.
They emphasized that as long as this and the other criteria are met, customers will qualify for the £175 joining incentive. To secure the £175 bonus, customers must complete a set of tasks within 45 days of opening their account. This includes switching via the Current Account Switch Service, transferring at least two direct debits or standing orders, depositing £1,000 or more, using their debit card at least five times, and logging into their online banking at least once. These actions can be completed through digital transactions or in-store. It's important to note that the offer provides only one £175 bonus per customer or joint account, credited on the 20th day of the month following the month in which the conditions are met. New customers only are eligible for the £175 deal. Existing HSBC current account holders since January 1, 2018, are ineligible. The bank addressed a query about keeping an existing Halifax account open while switching, stating that the switch would close the original account and it's not possible to keep it active. Several other banks currently offer switching incentives, such as Santander with £150 and Nationwide Building Society with £175. Interested individuals are advised to act promptly as these offers can be withdrawn unexpectedly
BANKING SWITCHING CURRENT ACCOUNT OFFER BONUS
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