I’ve a plan…
If you’re with any bank other than First Direct, it’s possible to make £225.
My plan to switch my current Nationwide account to First Direct, getting the £125 reward. After 6 months, First Direct say if you’re not happy, they’ll give you another £100 when you leave them as a “parting gift”.
Well, I think if I did this today, in 6 months time Monzo will be pretty well up and running with their current account, thus the perfect excuse to switch over to them fully, instead of just using them for daily expenses. Any flaws in this plan? Do we think Monzo will offer the current account switching service by then?
Link to the offer by First Direct:
Edit: it seems to get the £125 (instead of £100) offer you have to go through Money Saving Expert’s link:
Edit 2: I should’ve mentioned, you have to be paying in £1000 a month to qualify for this offer. So that’s pretty important for anyone considering it.