What is the First Direct Switch? First Direct, HSBC’s phone and app bank, pays £210 for switching to its 1st Account (the usual £175 plus a £35 boost).
⏳ This boosted offer ends on 2 December 2026. You need to open the account by then.
How to claim it
- Open a First Direct 1st Account by 2 December 2026 and choose a full switch, moving at least 2 Direct Debits or standing orders.
- Within 45 days, pay in £1,000.
- Within the same 45 days, make 5 card payments and log in to online or app banking.
- Your £210 is paid by the 20th of the month after you’ve done everything.
Handy hints
- Good to know
- What you need: 2 Direct Debits or standing orders, a full switch, £1,000 paid in, 5 card payments and logging in.
- Is it free? Yes, the 1st Account has no monthly fee.
- Need Direct Debits? Plum or Moneybox can set up free monthly Direct Debits to yourself. Keep them monthly, as quarterly ones aren’t always counted.
- Follow every step: read the bank’s switch offer terms carefully and do each step within the time limits. Miss one and you can lose the bonus.
- Space out applications: each new account can show on your credit file, so don’t open lots at once.
- Who can’t get it: anyone who has ever had a First Direct product, or opened an HSBC current account since 1 January 2018. You can only get one of the HSBC and First Direct bonuses.
- Use your switching account: switch from a spare account, like the TSB one under Start here, so your main bank stays put.
- Earning more
- 7% regular saver: save £25 to £300 a month for a year at 7%.
- Overdraft: comes with a £250 interest-free overdraft, and no fees for spending abroad.
Ready to claim your £210?Time needed: 30 mins. Deposit: £1,000 paid in.