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Current account

Feel money positive with our 1st Account

Our current account helps you have a more positive relationship with your money. You can enjoy...

  • a £250 interest-free overdraft (subject to status)
  • a £175 welcome when you switch to us*
  • …or if you’re not ready to switch, get a £20 welcome when you open a current account**
  • access to our 7.00% AER/gross Regular Saver Account

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 2019. Current Account subject to status. Offer can be withdrawn at any time

Overdraft representative example:

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.

0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).

Regular Saver interest example: 

Put away between £25 and £300 for a fixed 12 month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross).

AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed.

Ready to open an account today?

Who can apply?

You. Probably. If you're over 18, a UK resident, 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), and have a phone number and email address we can contact you with, we'd love to welcome you.


We're getting a lot of current account applications at the moment, so we may take a little bit longer than usual to process yours. You don't need to phone us or start another application, we'll get back to you as soon as we can.

If you are already a first direct customer or have banked with us before please give us a call to apply on 03456 100 100

How to apply for a 1st Account

Apply now

Download the app

To complete your application, make sure you have a valid photo ID (passport or driving licence at hand)

Subject to terms and conditions

or continue in browser >

Before you apply

Before applying, please take the time to read through the following. You may wish to save some of these documents for future reference.

If you're not happy with your account, you have a 14 day period after you receive your welcome pack to close your account. Please see the Account Terms and Conditions and Charges for full details.

first direct is a division of HSBC UK Bank plc and HSBC has accounts more suitable for customers living outside of the UK. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk.

first direct subscribe to The Standards of Lending Practice. You can learn more at the Lending Standards Board website.

For more information about accounts and other products you can refer to the Money Advice Service™ website.

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