How you can claim £175 in post-Christmas cash boost - check your eligibility
dailyrecord.co.ukIf your wallet is feeling a little light following Christmas, then switching your bank account could be a simple and easy way to get your hands on some extra cash.First Direct is offering their new customers £175 to move their current account, reports the Mirror.
Also, they will allow people access to their linked regular saver account - which pays seven per cent interest on up to £300 a month.Many new customers will also be given an ongoing zero per cent overdraft, up to £250.
To access this free cash, you will need to move from your current bank using the free Current Account Switch Service (CASS).You will also need to pay in at least £1,000 within the first three months into your First Direct Account - once you've done this, the £175 will be paid within 28 days.People won't be eligible for the bank switch money if they've previously had any account with First Direct before - which includes a current account, credit card or mortgage.
You also can't have opened a current account with sister bank HSBC since January 2020.First Direct is covered by the Financial Services Compensation Scheme, which offers people savings protection of up to £85,000.This news comes as the best and worst banks based on the number of people switching were revealed in October this year.
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