First Direct Bank has launched a £175 switching offer for eligible switchers from Tuesday, March 26.

You have just over a month to take advantage of the offer as it will only be available until April 22. 

Chris Pitt, CEO of First Direct, said: “Our switching incentive has proven incredibly popular amongst our customers, which is why we’re excited to bring it back.

"It is just one of many benefits customers can get from banking with first direct, on top of other perks like fee-free transactions abroad, an interest-free overdraft and a best-buy seven per cent savings rate. This is in addition to our award-winning service, which is available 24 hours a day, seven days a week.

“To receive the offer, customers simply need to meet certain criteria that reflect they have switched their everyday banking to us.”

To qualify, customers must open a First Direct 1st Account on or after March 26 and before the offer closes on April 22 or is withdrawn.

First Direct explains on its website: "The Current Account Switch Service (CASS) takes care of everything, seamlessly moving your balances, standing orders, payees and move over to First Direct.

Recommended reading:

"Simply choose a date and we’ll move everything to us in just 7 working days, although we always aim to do this sooner."

Customers must deposit a minimum of £1,000 into their account within 30 days of opening the account.

It adds: "We set up all your regular payments on your new first direct 1st Account.

"We tell all your Direct Debit originators you've moved banks and give them your new details, including your employer so your salary can be redirected. There's nothing at all for you to do, no calls or anything."