How much is the First Direct switch bonus?

First Direct is currently offering a £210 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 £210 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 £210 bonus for switching your current account. Last verified 12 Oct 2026.

What are the First Direct switch offer requirements?

Switch using the Current Account Switch Service, make 5+ debit card payments, log on to digital banking and move over two direct debits or standing orders. Deposit £1,000 or more. New customers only (who have not previously held a First Direct product, or opened an HSBC current account on or after 1 January 2018) (T&Cs apply).

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

£210

Switch bonus74% recommendBonus: ~50 days

The First Direct current account switch bonus is £210. Last verified 12 Oct 2026 — offers are checked daily. £210 matches or beats 100% of the 9 First Direct offers we've tracked — historically an excellent time to switch.

Banks / First Direct

First Direct

Part of HSBC Group

£210

Switch bonus74% recommendBonus: ~50 days

Quick Facts

Bonus

£210

Offer type

Bank switch

Cooling-off

12 months

Banking group

HSBC Group

Requirements

Switch using the Current Account Switch Service, make 5+ debit card payments, log on to digital banking and move over two direct debits or standing orders
Deposit £1,000 or more
New customers only (who have not previously held a First Direct product, or opened an HSBC current account on or after 1 January 2018) (T&Cs apply)

Switching to First Direct? Get an email on every date that matters

Direct Debits, the requirements deadline, when the bonus is due, when it is safe to cancel, and when you can switch again. No account needed.

Switching toStarting on

First Direct pays £210 — 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)

£2,191 this year

£1,875 switch bonuses + £202 saver interest + £114 easy-access interest

Switch to HSBC Premierstart now · £100k+ income£500
Switch to NatWest Premierfrom Dec · £100k+ income£500
Switch to Barclaysfrom Feb£300
Switch to Lloydsfrom Apr£200
Switch to Co-op Bankfrom Jun£200

This plan needs 3 active Direct Debits

Lloyds asks for the most, at 3. The same Direct Debits move with you to each account, so 3 live at once covers the whole year — and HSBC Premier and NatWest Premier need none at all.

Track this plan — free

Deadline reminders included. Or just browse the offers.

Want it checked against each bank's rules, with every date? Get a dated Switch Plan — £4.99

Regular Saver

Rate

Max monthly

£300

Term

12 months

Est. interest

~£137

Requires a 1st Account current account.

Compare all regular savers

Trend Analysis

Historical average

£157

Trend

Increasing

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.

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First Direct

First Direct

Quick Facts

Requirements

Perks

First Direct pays £210 — but what would ALL the banks pay you?

Banking Group — HSBC Group

Regular Saver

Offer History

Trend Analysis

Compare First Direct