Can I do both HSBC and First Direct switch bonuses?

Often not in close succession because HSBC Group eligibility exclusions matter. Check both current terms before choosing.

Which is better, HSBC or First Direct?

HSBC pays more in the current GetQuids list. First Direct can be better if its eligibility rules and lower spend friction fit you better.

HSBC vs First Direct Switch Bonuses

HSBC and First Direct are linked by group eligibility, so you should compare them before applying. The highest headline amount may not be the best route if you are excluded by previous accounts.

Quick verdict

HSBC has the bigger headline cash reward, but also higher spend and deposit friction. First Direct is lower by £20 and has strict previous-customer exclusions, but may be simpler for some switchers.

Provider

HSBC

£220

NewPopular

Switch to an HSBC current account and get £220 cash after a full switch, 2 Direct Debits, £2,000 paid in, and £500 debit-card spend within 60 days. It is one of the stronger cash offers, but the activity requirements are real.

Requirement: £2,000 deposit, £500 card spend and 2 Direct Debits

Medium15-20 minutesPayout Within 20 days after all terms are met

Verified 27 June 2026

See how to claim →

Provider

First Direct

£200

NewPopularEnding soon

Switch to a First Direct 1st Account for £200 cash. The current boosted route needs a full switch, £1,000 paid in, 5 card payments, online or app login, and 2 Direct Debits or standing orders.

Requirement: £1,000 held for 24h, 5 card payments, login, and 2 Direct Debits or standing orders

Medium15-20 minutesPayout By the following monthly payout window

Verified 27 June 2026 · Ends 15 July 2026

See how to claim →

Related reviews

HSBC

HSBC £220 Switch Bonus Review

HSBC is one of the strongest cash switch offers on GetQuids by headline value, but it is not a lazy switch. The £220 is attractive only if you can complete the full CASS switch, move 2 Direct Debits, pay in £2,000 and spend £500 on the debit card within the qualifying window.

First Direct

First Direct £200 Switch Bonus Review

First Direct is one of the better switch bonuses if you are eligible, because the £200 reward is strong and the account itself has a good reputation. The catch is the checklist: full switch, £1,000 held briefly, 5 card payments, login, and 2 Direct Debits or standing orders.

Best bank switch bonuses compared

Use the master bank-switch page to compare the full list before choosing which account to switch next.

View the bank-switch master page ->

Side-by-side

Factor	HSBC	First Direct
Reward	£220	£200
Quick answer	Use the referral link for the HSBC offer. New eligible customers can get £220 after meeting the requirement: £2,000 deposit, £500 card spend and 2 Direct Debits. Last verified 2026-06-27.	Use the referral link for the First Direct offer. New eligible customers can get £200 after meeting the requirement: £1,000 held for 24h, 5 card payments, login, and 2 Direct Debits or standing orders. Last verified 2026-06-27.
Best for	Highest HSBC Group headline cash amount	People eligible for First Direct and comfortable with its steps
Bonus trigger	Full switch, £2,000 deposit, £500 card spend and 2 Direct Debits	Full switch, £1,000 held 24h, 5 card payments, login and 2 Direct Debits or standing orders
Main risk	Higher spend and deposit requirements	Ever-held First Direct and recent HSBC exclusions

FAQ

Can I do both HSBC and First Direct switch bonuses?: Often not in close succession because HSBC Group eligibility exclusions matter. Check both current terms before choosing.
Which is better, HSBC or First Direct?: HSBC pays more in the current GetQuids list. First Direct can be better if its eligibility rules and lower spend friction fit you better.