diff --git a/src/components/dashboard/FirstSteps/index.tsx b/src/components/dashboard/FirstSteps/index.tsx
new file mode 100644
index 0000000000..f914ffe841
--- /dev/null
+++ b/src/components/dashboard/FirstSteps/index.tsx
@@ -0,0 +1,154 @@
+import { TxModalContext } from '@/components/tx-flow'
+import { ActivateAccountFlow } from '@/features/counterfactual/ActivateAccount'
+import useBalances from '@/hooks/useBalances'
+import useSafeInfo from '@/hooks/useSafeInfo'
+import { useAppSelector } from '@/store'
+import { selectOutgoingTransactions } from '@/store/txHistorySlice'
+import React, { useContext, useMemo } from 'react'
+import { Card, WidgetBody, WidgetContainer } from '@/components/dashboard/styled'
+import { Button, CircularProgress, Grid, Link, Typography } from '@mui/material'
+import CircleOutlinedIcon from '@mui/icons-material/CircleOutlined'
+import CheckCircleRoundedIcon from '@mui/icons-material/CheckCircleRounded'
+import css from './styles.module.css'
+
+const calculateProgress = (items: StatusProgressItems) => {
+  const totalNumberOfItems = items.length
+  const completedItems = items.filter((item) => item.completed)
+  return Math.round((completedItems.length / totalNumberOfItems) * 100)
+}
+
+const StatusCard = ({
+  badge,
+  title,
+  content,
+  completed,
+}: {
+  badge: string
+  title: string
+  content: string
+  completed: boolean
+}) => {
+  return (
+    <Card className={css.card}>
+      <div className={css.topBadge}>
+        <Typography variant="body2">{badge}</Typography>
+      </div>
+      <div className={css.status}>
+        {completed ? (
+          <CheckCircleRoundedIcon color="primary" fontSize="medium" />
+        ) : (
+          <CircleOutlinedIcon color="inherit" fontSize="medium" />
+        )}
+      </div>
+      <Typography variant="h4" fontWeight="bold" mb={2}>
+        {title}
+      </Typography>
+      <Typography>{content}</Typography>
+    </Card>
+  )
+}
+
+type StatusProgressItem = {
+  title: string
+  content: string
+  completed?: boolean
+}
+
+type StatusProgressItems = Array<StatusProgressItem>
+
+const FirstStepsContent: StatusProgressItems = [
+  {
+    title: 'Add funds',
+    content: 'Receive assets to start interacting with your account.',
+  },
+  {
+    title: 'Create your first transaction',
+    content: 'Do a simple transfer or use a safe app to create your first transaction.',
+  },
+]
+
+const FirstSteps = () => {
+  const { balances } = useBalances()
+  const { safe } = useSafeInfo()
+  const outgoingTransactions = useAppSelector(selectOutgoingTransactions)
+  const { setTxFlow } = useContext(TxModalContext)
+
+  const hasNonZeroBalance = balances && (balances.items.length > 1 || BigInt(balances.items[0]?.balance || 0) > 0)
+  const hasOutgoingTransactions = !!outgoingTransactions && outgoingTransactions.length > 0
+
+  const items = useMemo(
+    () => [
+      { ...FirstStepsContent[0], completed: hasNonZeroBalance },
+      { ...FirstStepsContent[1], completed: hasOutgoingTransactions },
+    ],
+    [hasNonZeroBalance, hasOutgoingTransactions],
+  )
+
+  const activateAccount = () => {
+    setTxFlow(<ActivateAccountFlow />)
+  }
+
+  const progress = calculateProgress(items)
+  const stepsCompleted = items.filter((item) => item.completed).length
+
+  if (safe.deployed) return null
+
+  return (
+    <WidgetContainer>
+      <WidgetBody>
+        <Grid container gap={3} mb={2} flexWrap="nowrap">
+          <Grid item position="relative">
+            <CircularProgress variant="determinate" value={100} className={css.circleBg} size={60} thickness={5} />
+            <CircularProgress
+              variant="determinate"
+              value={progress}
+              className={css.circleProgress}
+              size={60}
+              thickness={5}
+            />
+          </Grid>
+          <Grid item>
+            <Typography component="div" variant="h2" fontWeight={700} mb={1}>
+              Activate your Safe Account
+            </Typography>
+            <Typography variant="body2">
+              <strong>
+                {stepsCompleted} of {items.length} steps completed.
+              </strong>{' '}
+              {progress === 100 ? (
+                <>
+                  Congratulations! You finished the first steps. <Link>Hide this section</Link>
+                </>
+              ) : (
+                'Finish the next steps to start using all Safe Account features:'
+              )}
+            </Typography>
+          </Grid>
+        </Grid>
+        <Grid container spacing={3}>
+          {items.map((item) => {
+            return (
+              <Grid item xs={12} md={4} key={item.title}>
+                <StatusCard badge="First steps" title={item.title} content={item.content} completed={item.completed} />
+              </Grid>
+            )
+          })}
+
+          <Grid item xs={12} md={4}>
+            <Card className={css.card}>
+              <Typography variant="h4" fontWeight="bold" mb={2}>
+                Skip first steps
+              </Typography>
+              <Typography mb={2}>Pay a network fee to immediately access all Safe Account features.</Typography>
+              <Button variant="contained" onClick={activateAccount}>
+                Activate Safe Account
+              </Button>
+            </Card>
+          </Grid>
+        </Grid>
+      </WidgetBody>
+    </WidgetContainer>
+  )
+}
+
+export default FirstSteps
diff --git a/src/components/dashboard/FirstSteps/styles.module.css b/src/components/dashboard/FirstSteps/styles.module.css
new file mode 100644
index 0000000000..8a8ed5a421
--- /dev/null
+++ b/src/components/dashboard/FirstSteps/styles.module.css
@@ -0,0 +1,31 @@
+.circleProgress {
+  color: var(--color-secondary-main);
+}
+
+.circleBg {
+  color: var(--color-border-light);
+  position: absolute;
+}
+
+.card {
+  display: flex;
+  flex-direction: column;
+  justify-content: flex-end;
+  align-items: flex-start;
+  min-height: 240px;
+}
+
+.topBadge {
+  position: absolute;
+  top: 0;
+  right: 24px;
+  background-color: var(--color-secondary-light);
+  border-radius: 0 0 4px 4px;
+  padding: 4px var(--space-1);
+}
+
+.status {
+  align-self: flex-start;
+  margin-bottom: auto;
+  color: var(--color-border-light);
+}
diff --git a/src/components/dashboard/index.tsx b/src/components/dashboard/index.tsx
index f72bc36909..5bd0c06b4c 100644
--- a/src/components/dashboard/index.tsx
+++ b/src/components/dashboard/index.tsx
@@ -1,3 +1,4 @@
+import FirstSteps from '@/components/dashboard/FirstSteps'
 import type { ReactElement } from 'react'
 import dynamic from 'next/dynamic'
 import { Grid } from '@mui/material'
@@ -32,6 +33,10 @@ const Dashboard = (): ReactElement => {
           <Overview />
         </Grid>
 
+        <Grid item xs={12}>
+          <FirstSteps />
+        </Grid>
+
         <Grid item xs={12} lg={6}>
           <PendingTxsList />
         </Grid>
diff --git a/src/features/counterfactual/ActivateAccount.tsx b/src/features/counterfactual/ActivateAccount.tsx
index 860316236f..fbc2326d31 100644
--- a/src/features/counterfactual/ActivateAccount.tsx
+++ b/src/features/counterfactual/ActivateAccount.tsx
@@ -54,7 +54,7 @@ const useActivateAccount = () => {
   return { options, totalFee, walletCanPay }
 }
 
-const ActivateAccountFlow = () => {
+export const ActivateAccountFlow = () => {
   const [isSubmittable, setIsSubmittable] = useState<boolean>(true)
   const [submitError, setSubmitError] = useState<Error | undefined>()
   const [executionMethod, setExecutionMethod] = useState(ExecutionMethod.RELAY)
diff --git a/src/store/txHistorySlice.ts b/src/store/txHistorySlice.ts
index d9717d0a3b..bf7d0fb8fe 100644
--- a/src/store/txHistorySlice.ts
+++ b/src/store/txHistorySlice.ts
@@ -1,6 +1,7 @@
 import type { listenerMiddlewareInstance } from '@/store'
+import { createSelector } from '@reduxjs/toolkit'
 import type { TransactionListPage } from '@safe-global/safe-gateway-typescript-sdk'
-import { isTransactionListItem } from '@/utils/transaction-guards'
+import { isCreationTxInfo, isIncomingTransfer, isTransactionListItem } from '@/utils/transaction-guards'
 import { txDispatch, TxEvent } from '@/services/tx/txEvents'
 import { selectPendingTxs } from './pendingTxsSlice'
 import { makeLoadableSlice } from './common'
@@ -10,6 +11,12 @@ const { slice, selector } = makeLoadableSlice('txHistory', undefined as Transact
 export const txHistorySlice = slice
 export const selectTxHistory = selector
 
+export const selectOutgoingTransactions = createSelector(selectTxHistory, (txHistory) => {
+  return txHistory.data?.results.filter(isTransactionListItem).filter((tx) => {
+    return !isIncomingTransfer(tx.transaction.txInfo) && !isCreationTxInfo(tx.transaction.txInfo)
+  })
+})
+
 export const txHistoryListener = (listenerMiddleware: typeof listenerMiddlewareInstance) => {
   listenerMiddleware.startListening({
     actionCreator: txHistorySlice.actions.set,
diff --git a/src/utils/transaction-guards.ts b/src/utils/transaction-guards.ts
index 06b1591131..817dca0591 100644
--- a/src/utils/transaction-guards.ts
+++ b/src/utils/transaction-guards.ts
@@ -100,6 +100,10 @@ export const isOutgoingTransfer = (txInfo: TransactionInfo): boolean => {
   return isTransferTxInfo(txInfo) && txInfo.direction.toUpperCase() === TransferDirection.OUTGOING
 }
 
+export const isIncomingTransfer = (txInfo: TransactionInfo): boolean => {
+  return isTransferTxInfo(txInfo) && txInfo.direction.toUpperCase() === TransferDirection.INCOMING
+}
+
 // TransactionListItem type guards
 export const isLabelListItem = (value: TransactionListItem): value is Label => {
   return value.type === TransactionListItemType.LABEL