First Direct free £125 if you switch back on free £250 overdraft, Mse exclusive

Apply via our link and First Direct* offers £125 if you switch to it. It's 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.

Need-to-knows

• To get the £125 switching bonus, open an account via our link then 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.
• We've confirmed with First Direct that Norwich & Peterborough customers who are having their accounts closed can get the bonus by completing a manual switch. See key questions for more.
• 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.