Nationwide, HSBC and First Direct are giving bank account holders up to £200.
HSBC launched a £200 current account switching offer to eligible customers looking to switch to an HSBC Advance or Premier Bank Account, using the Current Account Switch Service (Cass).
Nationwide Building Society is offering £200, 5% fixed interest on up to £1,500 and a 0% overdraft for current account customers looking to make a switch.
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And First Direct is offering £175 for customers who pay in £1,000.
The terms of HSBC's switching offer mean that to qualify, people must apply for a HSBC Advance or Premier bank account while the offer is live and go on to open the account.
They must complete a full switch of their existing current account to HSBC using Cass, with at least two direct debits or standing orders and they must start the switch within 30 days of opening their new account. Customers must deposit at least £1,500 by one or more deposits into the new account within 60 days of opening their new account.
The £200 will be paid within 20 days of the switching criteria being satisfied. People will not qualify if they have held an HSBC UK current account since January 2019 or opened a First Direct current account since then.
There is no minimum pay-in for anyone looking to switch to Nationwide. However, you will need to pay in £1,000 per month to get the interest.
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