Why switch to first direct?
£175 welcome bonus*
Great for helping with costs right now
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
Open your new current account with first direct
2
Then start the switch from the first direct app
3
That’s it — first direct will let you know when the switch is complete
A current account that helps you unlock a life of more choices
Recommended by Which?, a first direct current account supports your financial progress. 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 switch to first direct current account and pay at least £1,000 into the new account over the first three months.
You can spend that money like normal — you don’t need to save it.
Switch using the Current Account Switch Service, deposit £1,000 within 3 months of account opening. New customers to first direct only, who have not previously held a first direct product. Sorry, we also can’t offer this to people who have opened an HSBC current account on or after 1 January 2020. Current Account subject to status. Offer can be withdrawn at any time. UK residents only.
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.
Recommended by Which?
Rated 5 stars for customer service by Which?***
Rated 4.4 “excellent” on Trustpilot
*** According to Which? ‘Best and worst banks’ 2023 here
** Subject to status. For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply
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 three months. If it helps, think of the money “passing through” the account. So long as at least £1,000 has entered the account over three months, 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.
Switch using the Current Account Switch Service, deposit £1,000 within 3 months of account opening. New customers to first direct only, who have not previously held a first direct product. Sorry, we also can’t offer this to people who have opened an HSBC current account on or after 1 January 2020. Current Account subject to status. Offer can be withdrawn at any time. UK residents only.
You'll get the £175 within 28 days of meeting the conditions of the offer.
Yes, but only if you joined HSBC before 2020. That’s because first direct became a division of HSBC UK Bank plc in 2019.
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.