Current Account - £175 switching bonus + £10 giftcard for Volunteer & Charity Workers
Highlights
- £175 welcome bonus when you switch*
- a £250 interest-free overdraft (subject to status)
- access to our 7.00% AER/gross Regular Saver Account**
Description
*The £175 switching offer may be withdrawn or amended at any time.
How does our overdraft compare?
The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.
Representative Example 0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).
**Regular Saver information
Put away between £25 and £300 per month for a fixed 12-month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross). Interest is calculated daily and paid 12 months after you opened the account.
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Simple and straightforward banking. We’re the bank that changed what banking means – we’re not over there on the high street, we’re right here, when and where you need us.
We offer a current account that helps you save, borrow and manage your money, whenever is right for you. You can enjoy... a £250 interest-free overdraft (subject to status), access to our 7.00% AER/gross Regular Saver Account, no first direct debit card fees when spending abroad.
It gets even better than no first direct debit card fees when spending abroad. There's also no first direct fees for withdrawing cash from a cash machine outside the UK, or when making a debit card payment in a foreign currency in the UK.
Of course, even though you'll pay no first direct fees, you may still be charged for fees that are outside of our control. For example, some cash machine operators may apply a direct charge for withdrawals from their cash machines (this should be advised on screen at the time of withdrawal). -
To qualify for this offer, you must:
1. Open a 1st account completely with first direct.
2. Do not close this account within 90 days of opening.
To qualify for the switcher offer you must (within 45 days):
1 .Open a 1st account after 1st January and before the offer is withdrawn.
2. Switch your everyday banking to first direct using the Current Account Switch Service (CASS).
3. Deposit a minimum of £1,000 (in single or multiple deposits)
4. Complete a full CASS switch, including at least two Direct Debits or Standing Orders
5. Register and Log onto digital banking
6. Use your new 1st account debit card at least 5+ times within 45 days of opening the account
7. Be a new customer to first direct, who has not previously held a first direct product, or has opened a HSBC current account on or after 1 January 2018
For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply.
AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed. Early closure will result in interest being paid at the standard account variable rate.
Approved for use by HSBC UK Bank plc, January 2026
