£175
Switch bonus74% recommend
Quick Facts
Bonus
£175
Offer type
Bank switch
Cooling-off
12 months
Banking group
HSBC Group
Requirements
- Full CASS switch with 2+ direct debits/standing orders
- Deposit £1,000 within 45 days
- 5 debit card transactions within 45 days
- Register for digital banking
- New customers only (never previously held First Direct account)
Perks
- 7% AER Regular Saver (up to £300/month)
- £250 interest-free overdraft buffer
- Fee-free debit card spending abroad
- Top-rated customer service
Some links on this page are affiliate links. If you apply through them, we may earn a commission at no extra cost to you. This doesn't affect our editorial independence — we list all offers regardless of whether we have an affiliate relationship.
Banking Group — HSBC Group
Switching between banks in the same group usually doesn't qualify for a bonus. Cooling-off periods are often shared.
Regular Saver
Rate
7%
Max monthly
£300
Term
12 months
Est. interest
~£137
Requires a 1st Account current account.
Compare all regular saversOffer History
Track how First Direct's switch bonus has changed over time.
| Bonus | Type | Started | Ended | Duration |
|---|---|---|---|---|
| £175 | switch | 1 Sept 2024 | Current | Ongoing |
| £175 | switch | 19 Oct 2023 | 1 Aug 2024 | 287 days |
| £150 | switch | 1 Apr 2022 | 31 Jul 2023 | 486 days |
| £125 | switch | 1 Jul 2021 | 31 Mar 2022 | 273 days |
| £100 | switch | 1 Sept 2020 | 30 Jun 2021 | 302 days |
| £100 | switch | 1 Jan 2019 | 15 Mar 2020 | 439 days |
Trend Analysis
Historical average
£138
Trend
Decreasing
Offers tracked
6
Compare First Direct
Related Guides
Track your First Direct switch in StoozeMax
Log your switch, track the cooling-off countdown, and get notified when you're eligible to switch again. Free forever.
Start Tracking Free