First Direct offers a £175 bonus for switching to their account. To be eligible, you need to:
- Move two direct debits or standing orders from your old bank.
- Switch using the Current Account Switch Service and close your old account.
- Pay in £1,000 within 30 days of opening the account and leave it there for 24 hours.
- Use your debit card five times in the first 45 days.
- Log into mobile banking or the banking app in the first 45 days.
Please note, this offer is not available to existing First Direct customers or those who have had a First Direct account, and those who have opened an HSBC account since 1 January 2018.