For those that are with TSB like me this is not a bad deal!
First Direct* has yet again boosted its switching offer from £100 for new customers applying via our link to £125 (£100 direct). First Direct is one of our top picks due to its excellent customer service – it's won every bank service poll we've ever done, with 90% of its customers rating it 'great'. You also get a small £250 0% overdraft, and can open a linked 5% regular saver.
To get the £125 switching bonus, you need to use First Direct's switching service to fully switch and close your existing account and pay in at least £1,000 within three months of your account opening.
Once you've made the payment, the £125 will be credited to your account within 28 working days.
If you have any problems with the switching process, you can contact First Direct's account opening team on 0800 24 24 24.
This account has a £10 monthly fee after six months, but this is waived each month you pay in £1,000, have an average monthly balance of £1,000 or hold selected other accounts with First Direct.
You can't get the switching bonus if you've ever held an account with First Direct before.
First Direct shares its £85,000 UK savings safety guarantee with HSBC, so ensure you don't hold more than £85,000 across the two banks.
Loyalty doesn't pay so existing tsb can switch to this and then switch back to the tsb to bag the deal again at a later date.
If you're not happy you'll get £100
Rated best for customer service