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Get £175 when you switch to a first direct current account*

Get £175 when you switch to a first direct current account*

Choose a Which? recommended current account that supports your financial growth

first direct rated

Why switch to first direct?

£175 welcome bonus*

Great for helping with costs right now (T&Cs apply)

Boosted savings

Save up to £300 a month at 7.00% AER with access to a Regular Saver Account

Interest-free overdraft**

0% interest on your first £250. Subject to status.

How it works

  1. 1

    Open your new current account with first direct

  2. 2

    Then start the switch from the first direct app

  3. 3

    That’s it — first direct will let you know when the switch is complete

Current Account Switch Guarantee logo

A current account that helps you unlock a life of more choices

Recommended by Which?, a first direct current account supports your financial growth. You can save and manage your money, all from the first direct app or website.

  • Get instant access to your account (if approved)

  • A virtual card, so you can spend straight away

  • Boost your savings with access to a Regular Saver Account — a great way to grow your money

  • Enjoy peace of mind with an £250 interest-free overdraft (subject to status)

Need to know

Your £175 welcome bonus*

*To qualify for your £175, you need to pay at least £1,000 into the new account over the first 30 days. You can spend that money like normal — you don’t need to save it.

New customers to first direct only, who have not previously held a first direct product. Account must be opened before the offer is widthdrawn to qualify. Sorry, First Direct can’t offer this to people who have opened an HSBC current account on or after 1 January 2018.

Full CASS switch including at least two Direct Debits or Standing Orders must be made within the first 30 days of account opening. Register and log onto digital banking within the first 30 days of account opening. You must use your account’s debit card more than 5 times to be eligible.

Where your first direct account is a joint account, at least one of the joint account holders must complete the CASS switch from either a sole account in their own name or another in the same names.

You must continue to hold your first direct account on the date the Offer Payment is made. Current Account subject to status. Offer can be withdrawn at any time.

Representative example:

£250 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 30.5%. How does this overdraft compare? Representative APRs help you compare the cost of different products.

Join a bank that customers love

You’re in safe hands. Time and time again, first direct ranks higher than other banks for customer service and satisfaction.

  • tick

    Recommended by Which?

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    Rated 5 stars for customer service by Which?***

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    Rated 4.3 “excellent” on Trustpilot

** Subject to status. For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply

*** According to Which? ‘Best and worst banks’ 2023 here

Earn £175 and start your journey with first direct*

Switch to an award-winning bank today

No, you need to have paid at least £1,000 into the account over the first 30 days. If it helps, think of the money “passing through” the account. So long as at least £1,000 has entered the account over 30 days, it doesn’t matter if you immediately spend it.

Yes, you can switch and still take advantage of the £175 offer. You’ll need to agree to a new overdraft with first direct first though.

If you meet all the conditions of the offer, you’ll get the £175 before the 20th of the following month.

Yes, but only if you joined HSBC before 1 January 2018.

Probably you! You just need to be over 18, a UK resident and haven't been declared bankrupt or registered for an Individual Voluntary Agreement in the last six years (or be in the process of doing so). You also need to have a phone number and email address so we can get in touch with you.

We're on a mission to help everyone move their finances forward and gain financial momentum.

TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Registered Office: 5th Floor, Halo, Counterslip, Bristol, BS1 6AJ. Credit is available, subject to status, only to UK residents aged 18 or over.

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