Get £175 For Switching

Move your everyday banking to First Direct and receive a £175 bonus once the qualifying switch requirements are complete.

Medium
Around 15 Minutes
UK Only

Claim Offer

Secure link • Takes you directly to the First Direct website.

Last checked:: 11 September 2026
Category:: Bank Switch

What is First Direct?

First Direct is a UK digital and telephone bank that forms part of HSBC UK. It has no high street branches and is well known for its customer service, offering current accounts, savings and regular switching incentives.

Eligible new customers can receive a £175 bonus for completing a qualifying current account switch.

How To Claim Your Cash Reward

Follow these simple steps.

1
1. Open Your First Direct Account
Apply online for an eligible First Direct current account.
Claim Offer
2
2. Complete Your Switch
Switch an eligible current account from another UK bank using the Current Account Switch Service. Include at least two active Direct Debits, pay in at least £1,000, log in to digital banking and make at least five debit card purchases within 30 days.
3
3. Receive Your Bonus
Once all qualifying conditions have been completed, First Direct will normally pay the £175 switching bonus before the 20th of the following month.
4
4. Enjoy The Extra Benefits
Eligible customers can also access First Direct's linked Regular Saver (subject to availability and current interest rates) and an interest-free arranged overdraft of up to £250, subject to status and eligibility.

Important

This offer is available to eligible new First Direct current account customers only.

Eligibility criteria and promotional offers may change
Overdrafts are subject to approval
Always check the official First Direct offer page before applying

Frequently Asked Questions

Click a question to view the answer.

How much can I earn?

Eligible new customers receive a £175 bonus for completing a qualifying switch to First Direct.

When will I receive the switching bonus?

Once every qualifying condition has been met, the bonus is normally paid before the 20th of the following month.

Do I need Direct Debits?

Yes. At least two active Direct Debits must transfer across as part of your Current Account Switch Service switch.

Can existing First Direct customers claim the offer?

No. The bonus is limited to eligible new current account customers.

What other benefits are included?

Eligible customers can access the linked Regular Saver, subject to availability and current rates, plus an interest-free arranged overdraft of up to £250, subject to status.

Is this a referral offer?

No. This is an official First Direct switching offer and every button on this page goes directly to the First Direct current account page.

If you sign up using the link provided, we may receive a reward at no additional cost to you. We review our offers regularly to help keep the information as accurate and up to date as possible.

Read our affiliate disclosure.

Report Expired Offer