Current Accounts Details Page

To apply for this current account

Go to the first direct website

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Product review

This account does not pay interest if you are in credit, but it comes with a £250 interest-free overdraft and has the advantage that First Direct is renowned for its excellent customer service.

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What’s the deal?

If you switch your current account to First Direct, you’ll get £100. The account enables you to manage your money online through the bank’s Internet Banking service and there is also a satisfaction guarantee, so if you’re not happy, First Direct will give you £100. You won’t earn any interest when you’re in the black, but if you go overdrawn, the first £250 is interest-free.

Any catches?

As you won’t earn any interest when you’re in credit, this account may not be the best option for those who tend to keep a relatively high balance in their current account. You have to pay at least £1,000 a month into the account, otherwise you’ll be charged a monthly fee of £10.

What’s the verdict?

Perhaps the biggest selling point of this account is First Direct’s customer service – it is consistently ranked among the best banks to deal with from a consumer perspective. So if you’re looking for a ‘no frills’ account, this could be the deal for you.


Is this account right for you?

To open this account

  • First Direct can only offer switching incentives to people who haven't previously held any account with them
  • You must be over 18 years of age
  • You must not have been declared Bankrupt or have registered for an Individual Voluntary Agreement within the last six years or be in the process of doing so
  • You must have a telephone number and email address first direct can use to contact you

Account features

Account benefits

Receive £100 cashback when you switch to first direct. Satisfaction Guarantee - If you wish to switch to another bank after six months and within 12 months, first direct will give you an additional £100 to move. Terms and conditions apply, refer to provider for full details.


Great for
Get £100 cashback when you use the switching service to switch to this current account, for new customers only
You can also open a regular savings account and earn 5% AER
Get a £250 interest-free overdraft, subject to status
But be aware that
You must be at least 18 years old to open this account
You must pay in at least £1,000 within the first 3 months of opening the account to qualify for the cashback reward

Interest rates

Balance Introductory Rate Follow on rate Gross AER*
Any balance 0.00%
  • Any interest you earn will be tax-free up to your annual personal savings allowance.

Overdraft Rates and Charges

Overdraft buffer Amount Planned/Authorised Overdraft Rate (EAR) Unplanned/Unauthorised Overdraft Rate (EAR)
£250.00 15.90% 15.90%
  • There is a £250 interest free overdraft
Other Overdraft Charges Fee/Rate Notes
Unplanned Overdraft Fee £5.00 / Daily You will not be charged a fee if covering funds are paid in before the end of the day; the informal overdraft is £10 or less; or the account has been in informal overdraft for more than 30 consecutive days. You will not be charged more than £80 in a charging period, more in fees than the maximum amount your account has been in informal overdraft in a charging period, or charged a fee if the account is in informal overdraft because an overdraft charge or interest has been deducted

Other Fees

Fee Notes
Foreign ATM Charge 2.00% / per item Minimum charge £1.75, maximum charge £5
Foreign Exchange Rate 2.75% / per item

Operating and accessing your account

Operating your Account Making Withdrawals
Online -
Phone -
Post -
Post Office
Mobile App -

Mobile App Features

Make transfers between accounts -
Check balances -
Make transfers to other people -
View transaction history -
View direct debits/standing orders -
Apply for new products -
Use app on multiple devices -
Branch finder -
Pay bills -
Setup payments, standing orders, or direct debits -
Make payments -
View mini statements -
Make payments to other people -
Use multiple devices -

Mobile App features may be limited. Please refer to providers site for more information.

Other details

  • This account has a Visa Debit card.
  • The currency for this account is Pound.

To apply for this current account

Go to the first direct website

Go to site



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