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.
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. UK residents only.