To get the £175 cash offer, you need to switch your everyday banking to us using the Current Account Switching Service, from a participating bank or building society Opens an overlay [Will show a security message first], including at least 2 Direct Debits or standing orders. Then pay in £1,000 and log on to digital banking, within 30 days of your account opening.
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 ends 22nd April 2024. You’ll get the money by the 20th of the following month in which all criteria has been met. New customers only, who haven’t 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 2018.
Subject to status. UK residents only.