£175 cash to switch to FirstDirect (+ £50 cashback)

First Direct is the modernised sister bank of HSBC, which just so happens to be one of the best-rated banks in the UK. Famous for their pay-to-switch campaigns, they are back again with this lucrative offer.

How it works:

  • Open a “1st Account” (go via this link to get an extra £50 - 28 December 2025 only)

  • Switch in an account from an existing (other) bank which must have 2+ active direct debits

  • Within 45 days of opening the account pay in £1,000, use your debit card 5+ times & log into mobile or online banking

  • Receive £175 cash paid on or before the 20th of the following month

  • You are only eligible if:

    1. You have NEVER had any product with FirstDirect

    2. You have NOT had a current account with HSBC since 1 January 2018

What you get:

  • £175 cash

  • Access to the a 7% regular saver account

Links:

https://www.firstdirect.com