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First Direct Switch Offer

Get £175 for switching to First Direct (plus £45 extra via Quidco)

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Last checked: 6 May 2026

Source: Official Offer Terms

Always confirm the latest eligibility rules with the bank before applying. Terms are subject to change.

First Direct Switch Offer

🏦 Offer Overview

Bonus Amount:

  • £175 from First Direct

  • An extra £45 via Quidco

  • Total Possible: £220

Eligible Account:

  • The First Direct 1st Account

Bonus Paid:

  • By the 20th of the month after you meet all criteria.

Offer Ends:

  • No official end date, but the offer may be withdrawn at any time.


✅ Eligibility

To receive the bonus, you must:

  • Be a new customer (you cannot have ever held a First Direct product before).

  • Not have opened an HSBC current account since 1 January 2018.

  • Complete a full switch using the Current Account Switch Service (CASS), including at least two active Direct Debits or Standing Orders.

  • Pay in at least £1,000 within 45 days of opening the account.

  • Make at least 5 debit card payments.

  • Log on to digital banking.


🔄 How to Switch

  1. Open your First Direct account.

  2. Log into mobile banking.

  3. Select your new account and choose the option to ‘Switch to us’.

  4. Follow the on-screen instructions to complete the switch.

The switch normally completes within 7 working days.


💡 Quidco Tip

To get the extra £45 cashback, make sure you begin your application through the Quidco website or app before opening the account.

For the best chance of the cashback tracking correctly:

  • Accept cookies on both the Quidco and First Direct websites.

  • Avoid using ad blockers or VPNs during the application.

  • Complete the application in one session if possible.


⭐ Key First Direct Account Features

  • No monthly account fee

  • £250 interest-free overdraft (subject to status)

  • Access to a 7.00% AER Regular Saver

  • No First Direct debit card fees when spending abroad


📌 Important Notes

  • The offer is limited to one payment per customer or joint account.

  • Debit card transactions can be made online or in-store, including through digital wallets.

  • The offer can be withdrawn at any time.

  • UK residents only and subject to status.