First Direct £175 switching offer 09/09/2024

steven141

https://www.firstdirect.com/banking/current-account-mgm/?fd_msc=PCS0000031&cid=FSDT:la:A1:CA::2011:005:CA2020&mtp=agg&anprgid=c63f8b89-4d87-4bb0-b7bd-8634f2ad4829&dclid=CMHTrebduIgDFTRY9ggdv0gnhQ

Who’s running the offer?

first direct a division of HSBC UK plc (‘we, us’) is the promoter of the offer.

The Switch offer

Switch your everyday banking using CASS to a 1st Account to get £175.

The Switch criteria

To be eligible for this offer you must:

•

open a 1st Account on or after 9 September until the offer is withdrawn.

Within 45 days of us opening your 1st Account you must:

•

switch your everyday banking account using CASS. Your switch must include at least two Direct Debits

or standing orders.

See participating banks and building societies at currentaccountswitch.co.uk/banks-building-societies/

For joint 1st Accounts, at least one of the joint account holders must complete the CASS switch from

either a sole account in their own name or another joint in the same names

•

pay in a minimum of £1,000. This amount can be paid in all at once or at different times within the 45 days

•

make at least 5 debit card payment transactions, including where you have set your card up on third

party payment platforms. Note: the following are excluded: gambling transactions, credit card or

insurance payments, cash withdrawals and card to card payments.

•

Register and log into our App or Online Banking.

You will not be eligible for this offer if:

•

You’re already a first direct customer or have previously held a first direct product or have opened an

HSBC current account on or after 1 January 2018.

The Switch offer payment

If you meet all the Switch criteria and still have your new 1st Account on this date, we’ll make one direct credit of

£175 (the ‘offer payment’) to your new 1st Account before the 20th of the following month. For example, if you

meet the Switch criteria on the 10 September 2024, then you’ll receive your £175 by 20 October 2024.

If you open a 1st account in joint names, we’ll only make one payment of £175 into that account.

What else do I need to know?

We can change these terms or cancel the offer without telling you in advance if:

•

required by law,

•

there are reasons beyond our control,

•

there’s a fair or valid reason.

Contact us

If you have any questions about this switch offer, you can:

•

Chat with us in the App

•

Chat with us in Online Banking

•

Call us 03 456 100 100

first direct is a division of HSBC UK Bank plc. Registered in England & Wales with number 09928412. Registered Office: 1

Centenary Square, Birmingham, B1 1HQ, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by

the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 765112.

© HSBC Group 2024. All Rights Reserved.

Member HSBC Group

Middle_of_the_Road

Seems to be a lot more requirements than on their previous offers. Not that I'm eligible anyway.

steven141

I’m not eligible either. I’ve noticed that the TopCashback offer is the same. You can’t have had an account ever. 

moneyworrier2021

is it possible to switch a joint account into a FD sole account? ive already got a switch going for me personally and want to get it for my husband too but only had a joint account dormant atm.

Or should I just do a joint switch to joint account because he will still get his £175?

PRAISETHESUN

steven141 said:

I’m not eligible either. I’ve noticed that the TopCashback offer is the same. You can’t have had an account ever. 

Fairly sure FD have always had the "never held a current account before" criteria, although I read that it says "first direct product" which could also include other things like CCs, savings, mortgages, etc?

moneyworrier2021 said:

is it possible to switch a joint account into a FD sole account? ive already got a switch going for me personally and want to get it for my husband too but only had a joint account dormant atm.

Or should I just do a joint switch to joint account because he will still get his £175?

You can only switch sole --> sole, sole --> joint, or joint --> joint, but never joint --> sole. 

Given you've already started your own sole switch anyway then I'd definitely avoid a joint switch. Your existing account sole account will make your husband ineligible for the incentive if he opens a joint account with you. Best approach to maximise the rewards is to each open a sole account and switch individually. If you really want a joint account then you can convert one/both of them to joint down the line after the incentive has been paid.

liger

Has anyone received their £175 yet for this offer?

moneyworrier2021

I got mine this morning. I need to check my husband's as his switch only completes today but I imagine he will get his over the next few days.

Now I can start the co-op switch. 

Nasqueron

moneyworrier2021 said:

I got mine this morning. I need to check my husband's as his switch only completes today but I imagine he will get his over the next few days.

Now I can start the co-op switch. 

Unless you have no savings, FD is worth keeping (setup a second account with someone else, move over any DD or SO etc to the new one and transfer that) for the regular saver, £300 a month paying 7% which hasn't dropped for a few years despite interest rate changes

lyle1993

How long after the switch date have people got their bonuses? I switched last Friday so hoping for it this week.

lyle1993

moneyworrier2021 said:

I got mine this morning. I need to check my husband's as his switch only completes today but I imagine he will get his over the next few days.

Now I can start the co-op switch. 

When did your switch complete if you got your bonus on 18th may as I ask? 😊 

moneyworrier2021

lyle1993 said:

moneyworrier2021 said:

I got mine this morning. I need to check my husband's as his switch only completes today but I imagine he will get his over the next few days.

Now I can start the co-op switch. 

When did your switch complete if you got your bonus on 18th may as I ask? 😊 

7th October