To get the £175 cash offer you need to open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account.
Step 1: Open an account
Switching your everyday banking to your new first direct account is easy. Once your first direct account is open, simply log into your first direct app, select the account you wish to transfer into, tap 'switch to us' from your account menu and follow the instructions. We will ask you for your account details, existing account details and prefered switching date.
Step 2: We'll let your old bank know
Once we’ve received your switch request and your current account is open, we’ll let your old bank know you're moving.
Step 3: Switching Days 2 to 6
We set up all your regular payments on your new first direct 1st Account. We tell all your Direct Debit originators you've moved banks and give them your new details, including your employer so your salary can be redirected. There's nothing at all for you to do, no calls or anything.
Step 4: Switching Day 7
This offer is limited to one payment per customer or joint account, and you'll get the money within 28 days of all the criteria being met. 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.
You may hold an HSBC account and still qualify for the offer, as long as the current account was opened before 1 January 2020. We reserve the right to refuse your application and withdraw this offer at anytime. Credit is subject to status and an assessment of your financial circumstances.