first direct 1st Account

Every condition

Each one in plain words, with the part of first direct’s terms it comes from.

• Full switch with the Current Account Switch Service, moving at least 2 active Direct Debits Up to you later

  What’s this?

  Moved with the Current Account Switch Service. Banks usually count a Direct Debit only if it has taken a payment recently; a new one that hasn’t been paid yet often doesn’t count. Each offer’s terms say exactly what counts.

  The account you switch from can’t be with first direct.
  In the terms: Switch criteria: full CASS switch with at least two Direct Debits or standing orders
• Joint accountsA joint account switches into a new joint account in both your names, so you both apply, and the bank pays one reward between you, not one each. The terms don’t say whether their past-account and past-reward rules apply to both of you; Pocketly checks them for both, to be safe.
  In the terms: Offer page: limited to one payment per customer or joint account
• The switch must complete within 45 days of opening the account The banks’ side
  In the terms: Switch criteria: within 45 days of opening
• Pay in £1,000 within 45 days of opening the account Up to you laterLeave it for a day, then you can move it back.
  In the terms: Switch criteria: pay in at least £1,000 within 45 days
• Make at least 5 debit card payments within 45 days of opening the account Up to you laterDoesn’t count: gambling, credit card or insurance payments, cash withdrawals, card-to-card payments.
  In the terms: Switch criteria: at least 5 debit card payments
• Log in to the app or online banking Up to you later
  In the terms: Switch criteria: register and log on to the app or online banking
• Extra £35 only if the account is opened by Wed 2 Dec Up to you later
  In the terms: Offer page: extra £35 for accounts opened 14 September – 2 December 2026
• Never had any first direct product (current account, savings, card or loan) Check before you apply
  In the terms: You will not be eligible if: previously held a first direct product
• You haven’t opened a HSBC UK current account since 1 Jan 2018 Check before you apply
  In the terms: You will not be eligible if: opened an HSBC current account on or after 1 January 2018

Not counted: Up to £136 interest in a year from first direct’s Regular Saver (7.00% AER, fixed for 12 months), saving £300 a month. Not counted in the reward. No partial withdrawals; closing it early pays the standard variable rate instead.