First Direct £200 Switch Bonus
Switch to a First Direct 1st Account for £200 cash, plus consistently top-rated mobile and telephone banking. Bonus recently increased from £175.
Quick answer
Use the referral link for the First Direct offer. New eligible customers can get £200 after meeting the requirement: £1,000 deposit, 5 card payments and 2 Direct Debits. Last verified 2026-06-16.
- Reward
- £200
- Referral code
- No code required
- Last verified
- 2026-06-16
- Difficulty
- Medium
- Time to claim
- 15-20 minutes
- Time to payout
- ~28 days
Ad / referral links — we may earn a bonus when you sign up.
How to claim
- Open a First Direct 1st Account (new customers only — never held any First Direct product before).
- Use the Current Account Switch Service (CASS) to switch from another bank.
- Complete the switch with at least 2 active Direct Debits.
- Pay in at least £1,000 within 45 days of opening.
- Make at least 5 debit card payments within 45 days.
- Receive £200 into your account, usually within 28 days of completing all steps.
Eligibility & requirements
- Never held any First Direct product before.
- No HSBC current account held since 1 January 2018.
- Must use the full Current Account Switch Service.
- Minimum £1,000 deposit, 5 card payments, and 2 Direct Debits within 45 days.
Verification notes
- Minimum spend/deposit
- £1,000 deposit, 5 card payments and 2 Direct Debits
- Last verified
- 16 June 2026
Provider terms can change without warning. Treat this as a verification snapshot and confirm the live terms before applying.
Pros
- Consistently top-rated mobile and telephone banking (award-winning customer service).
- £250 interest-free arranged overdraft.
- Reliable, frequent switch offers.
- Bonus recently boosted from £175 to £200.
Watch out for
- Excludes anyone who has ever held a First Direct product.
- Also excludes recent HSBC current account holders (since Jan 2018).
- No physical branches (telephone and app only).
FAQ
- How long does the £200 take to arrive?
- Typically within 28 days of completing the switch and meeting the required account activity (deposit, card payments, Direct Debits).
- I had an HSBC savings account — am I still eligible?
- Yes, as long as you've never held a First Direct product and haven't held an HSBC *current account* since 1 January 2018. HSBC savings accounts don't disqualify you.
- Will switching hurt my credit score?
- Opening a new account triggers a credit check, but using CASS to switch is routine. Any impact is usually minor and short-lived.
Related offers
HSBC
Switch to an HSBC current account and get £220 cash — the highest standard UK bank switch bonus available in June 2026.
Medium15-20 minutesPayout 4-6 weeks
Verified 16 June 2026
Barclays
Switch to a Barclays Bank Account for £200 cash, plus 5% cashback on Tesco fuel (up to £10/month until 31 July if switched by then).
Medium15-20 minutesPayout 4-6 weeks
Verified 16 June 2026 · Ends 27 August 2026
Chase UK
Join Chase UK with referral code FKMMJB, open an account, activate the code in the app, and pay in £1,000 within your first 30 days to qualify for a £50 reward.
Medium10-15 minutesPayout After qualifying pay-in
Verified 17 June 2026
Added yesterday · Last updated 16 June 2026. Offers and terms change frequently — always confirm on the provider's site before applying.