First direct has upped the cash incentive it offers new customers for switching to its 1st Account from £100 to £125.
From today until 20 October, the provider will be paying new customers £125 if they use its switching service to open a 1st Account bank account.
In order to qualify, customers must be new to the bank and they will need to pay in a minimum of £1,000 into the account each month.
Also, customers must remember to set up at least two standing orders or direct debits.
Customers can apply in branch, by post, over the telephone or online.
First direct will also continue to offer its Satisfaction Guarantee, which means that if customers are not completely happy with its service within 12 months of opening a 1st Account, they will be paid £100 as long as a monthly salary or income of £1,000 or more has been paid into that account for at least six months.
Find the best bank account for you
How to switch current accounts
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.