How you can get up to £150 FREE cash – and it takes just minutes

It gives new customers £150 for switching over to its banking services.

But to qualify, you can't have ever had any First Direct account or opened a current account with its sister bank HSBC since January 2019.

And there are a couple of other steps you have to follow to cash-in too.

Once you've opened an account with the bank, you'll need to switch from another current account that's not First Direct or HSBC, and pay in at least £1,000 - and you've only got three months to do it.

The good news is that the offer doesn't have a deadline, so you can take your time considering if jumping ship to the new account is worth the reward.

CEO, First Direct, Chris Pitt, said: “The cost of living crisis has already stretched many families’ monthly budgets, and we’re doing as much as we can to support new and existing customers.

“Our £150 CASS incentive is one of the best available on the market.

"These incentives reflect our confidence in providing top-notch service for our customers – especially in the most testing times.”

The £150 up for grabs is the highest switching reward on offer right now, but that doesn't mean it's the only one.

Halifax is currently offering £125 if you move to its Reward account.

But you have only HOURS left to redeem as the reward ends today.

If you make a switch after May 9 you won't be eligible for the free cash, says Halifax.

You also won't get your hands on it if you move to any other Halifax account, or if you've already had cashback for switching to Halifax since April 2020.