*To qualify for the switcher offer you must (within 45 days): Open a 1st account and complete a full a full CASS switch using the current account switch service, including at least two direct debits or standing orders. Deposit a minimum of £1,000 (in single or multiple deposits) Register and Log onto digital banking Use your new 1st account debit card 5+ times. 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 Representative example 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 (subject to status). 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) (subject to status) 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). **For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply.