First Direct has explained the rules for how to get £175 in free cash paid into your account.

People switching to the bank can currently get £175 if they move over their funds using the Current Account Switch Service.

In light of the offer, a prospective customer asked over X: “For £175 welcome cash do we have to change all our direct debits to yourself? Or is it a few direct debits?”

The group responded to spell out the rules, saying: “The switch will need to include at least two direct…