1st Account switch offerFirst Direct 1st Account switch offer

Solid, low-hassle reward from a well-regarded bank. First Direct's fee-free 1st Account pays £175 to switchers who deposit £1,000, make five card payments, and transfer at least two direct debits within 45 days — a moderate but manageable checklist. The ongoing package adds genuine everyday value: a £250 interest-free overdraft buffer and no First Direct fees on overseas spending make this worth holding beyond the bonus.

The biggest catch is eligibility: anyone who has ever held a First Direct product, or opened an HSBC current account since January 2018, is automatically excluded. If you clear that hurdle, this is a strong pick for everyday switchers who want a reputable, no-fee account with a meaningful cash reward and useful long-term perks.