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First Direct - Earn £175 when you switch banks

Written by Charlie (Admin)Updated 9 September 2026
GET £175 BONUS
Time needed
15 minutes
Deposit
£1,000

First Direct is a telephone and internet based retail bank division of HSBC UK Bank plc based in the United Kingdom. Switch banks now and get a £175 bonus.

How to claim your £175

  1. 1

    Sign up here - Apply for an eligible current account.

  2. 2

    Switch in an account from a different bank including 2+ direct debits, log into digital banking, use your debit card 5 times and pay in £1,000+ within 30 days.

  3. 3

    The £175 is paid before the 20th of the following month.

  4. 4

    You’ll also gain access to a linked regular saver which pays 7% interest on up to £300/month, and an ongoing £250 0% overdraft.

Discussion, alerts & T&Cs

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  • See the full T&Cs for this offer in our offer database here
  • See our full guide on switching banks and setting up simple direct debits here

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First Direct logo

£175

15 minutes · £1,000 deposit

GET £175 BONUS