First Direct is launching a new switching raffle with five prizes worth £12,500

First Direct is launching a limited time current account switcher draw giving new customers a chance to win one of five prize pools worth £12,500.

This is in addition to the £175 switching offer available to those who switch their entire bank account to First Direct via the current account switching service and deposit at least £1,000 within three months of opening.

Eligible customers who open a First Direct checking account by October 1st have the chance to win a five-digit amount.

Keep an eye on the prize: Whoever registers for the first time between September 4th and October 1st will be entered into a prize draw for five prizes worth £12,500

Customers who meet the bank’s criteria will automatically be entered into the draw and the winners will be chosen at random on November 8th.

Winners will be notified by phone, email or SMS within 14 days of the drawing.

What do you have to do

Customers must be resident in the UK and be at least 18 years old to participate.

You must switch your account to First Direct within 30 days of opening an account using the current account switching service and deposit £1,000 within 30 days of opening an account.

You must also be a new First Direct customer and not previously have a First Direct account.

Switchers who previously owned a First Direct product or opened an HSBC product or after January 1st, 2020 are excluded from the draw.

HSBC is a stablemate of First Direct.

The account must be opened between September 4, 2023 and October 1, 2023.

First Direct’s Lloyd Robson said: “We’re always looking for new ways to say thank you to those who have made a First Direct bank transfer.”

“We know that £12,500 can be a life-changing sum for many.”

“This award could help our customers fund a financial milestone, such as a down payment on their first home, or simply ease the pressure of rising costs in the run-up to Christmas – however it’s used, we hope it’s a big one.” will make a difference.” the winners.

“This raffle is the latest effort to give back to our customers.”

This is on top of our long-standing switch incentive, best-buy savings rates, interest-free overdraft facility and the recent elimination of foreign transaction fees.”

First Direct is one of only two banks with a cash-only current account switching offer. The other is NatWest, who are currently on a £200 transfer deal.