- There is a £5 monthly account fee, that will be automatically taken from your account each month3
To earn cashback and interest you need to:
- Fund the account with at least £500 a month4
- Have at least 2 active Direct Debits. For cashback, household bills must be paid by Direct Debit to organisations within eligible categories.
If you’re moving from an account that’s no longer available or has added benefits (e.g. travel insurance) or that currently has an introductory offer, you won’t be able to transfer back to that account, which will mean you’ll lose its benefits.
See more details on the implications of transferring away from your existing account
If you transfer to a 1|2|3 Current Account your statement date will be changed to align with the transfer date. You will keep your account number, cards and PINs.
If you have an Instant Plus or Basic Current Account you can’t transfer.