How much is the First Direct switch bonus?

First Direct is currently offering a £175 bonus when you switch your current account using the Current Account Switch Service (CASS).

What are the requirements for the First Direct switch bonus?

You need to complete a full CASS switch to First Direct, which typically requires setting up direct debits and making an initial deposit. Check the requirements section on this page for full details.

How long does it take to get the First Direct switch bonus?

The switch itself takes 7 working days via CASS. The bonus is typically paid within 2-5 weeks after the switch completes, depending on First Direct's processing times.

Does First Direct have a monthly fee?

No, the First Direct account has no monthly fee, so you keep the full £175 bonus.

Can I switch to First Direct if I've had an account before?

Most banks require you to be a new customer or not have held an account within a certain period. First Direct typically has a cooling-off period of 12 months. Check the specific eligibility rules on this page.

What is the First Direct switch bonus?

First Direct pays a £175 bonus for switching your current account. Last verified 30 Jul 2026.

What are the First Direct switch offer requirements?

Switch using the Current Account Switch Service, close the old account and use your debit card five times and log into online banking in the first 45 days. Pay in £1,000 within 30 days of opening the account (and leave it there for 24 hours). Move two direct debits or standing orders from your old bank. Extra £35 if you apply via cashback site Quidco or TopCashback (rates vary).

How long does the First Direct switch bonus take to pay?

Based on tracked switches, the First Direct bonus typically lands about 50 days after the switch completes.

Banks / First Direct

First Direct

Part of HSBC Group

£175

Switch bonus74% recommendBonus: ~50 days

The First Direct current account switch bonus is £175. Last verified 30 Jul 2026 — offers are checked daily. £175 matches or beats 88% of the 8 First Direct offers we've tracked — a better-than-typical offer.

Banks / First Direct

First Direct

Part of HSBC Group

£175

Switch bonus74% recommendBonus: ~50 days

Quick Facts

Bonus

£175

Offer type

Bank switch

Cooling-off

12 months

Banking group

HSBC Group

Requirements

Switch using the Current Account Switch Service, close the old account and use your debit card five times and log into online banking in the first 45 days
Pay in £1,000 within 30 days of opening the account (and leave it there for 24 hours)

Move two direct debits or standing orders from your old bank

Extra £35 if you apply via cashback site Quidco or TopCashback (rates vary)

Perks

7% AER Regular Saver (up to £300/month)
£250 interest-free overdraft buffer
Fee-free debit card spending abroad
Top-rated customer service

First Direct pays £175 — but what would ALL the banks pay you?

Two questions, no signup: your personalised 12-month plan from every live offer.

Who do you already bank with?

Cash you could move around (savings, premium bonds, old accounts)

£2,010 this year

£1,755 switch bonuses + £65 saver interest + £190 easy-access interest

Switch to HSBC Premierstart now£500
Switch to NatWeststart now£250
Switch to Barclays Blue Rewardsstart now£200
Switch to Santander Edgestart now£180
Switch to Bank of Scotlandstart now£175

Track this plan — free

Deadline reminders included. Or just browse the offers.

Switched to First Direct? Help others: how fast did the bonus land?

Anonymous — one tap, no account.

Banking Group — HSBC Group

Switching between banks in the same group usually doesn't qualify for a bonus. Cooling-off periods are often shared.

HSBC

Regular Saver

Rate

Max monthly

£300

Term

12 months

Est. interest

~£137

Requires a 1st Account current account.

Compare all regular savers

Offer History

Track how First Direct's switch bonus has changed over time.

Bonus	Type	Started	Ended	Duration
£175	switch	21 Jul 2026	Current

Trend Analysis

Historical average

£150

Trend

Decreasing

Offers tracked

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

First Direct

First Direct

Quick Facts

Requirements

Perks

First Direct pays £175 — but what would ALL the banks pay you?

Banking Group — HSBC Group

Regular Saver

Offer History

Trend Analysis

Compare First Direct