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  • FIRST POST
    • justvisiting1
    • By justvisiting1 11th Mar 17, 11:39 AM
    • 4Posts
    • 0Thanks
    justvisiting1
    I got rejected by First Direct...what should I do now?
    • #1
    • 11th Mar 17, 11:39 AM
    I got rejected by First Direct...what should I do now? 11th Mar 17 at 11:39 AM
    I heard you can get around £150 if you switch bank account. I currently have the Co-op but was rejected by First Direct peculiarly as I do have a decent amount of savings. What bank should I switch to now if at all to get free money?
Page 1
    • TheShape
    • By TheShape 11th Mar 17, 1:07 PM
    • 1,007 Posts
    • 767 Thanks
    TheShape
    • #2
    • 11th Mar 17, 1:07 PM
    • #2
    • 11th Mar 17, 1:07 PM
    The amount you have in savings will not influence the chances of being accepted for a current account, your credit file would.

    Try whichever account offers the best switching bonus but probably best to avoid HSBC and M&S for now as First Direct is a division of HSBC and M&S a subsidiary of HSBC so your chances may be lower with them.

    Check the Best Bank Account article on the main site.
    • JuicyJesus
    • By JuicyJesus 11th Mar 17, 1:48 PM
    • 2,928 Posts
    • 3,009 Thanks
    JuicyJesus
    • #3
    • 11th Mar 17, 1:48 PM
    • #3
    • 11th Mar 17, 1:48 PM
    Try whichever account offers the best switching bonus but probably best to avoid HSBC and M&S for now as First Direct is a division of HSBC and M&S a subsidiary of HSBC so your chances may be lower with them.
    Originally posted by TheShape
    This isn't necessarily true. The three HSBC brands have differing credit standards and FD are notoriously the pickiest.
    urs sinserly,
    ~~joosy jeezus~~
    • JVenture
    • By JVenture 12th Mar 17, 6:37 PM
    • 8 Posts
    • 3 Thanks
    JVenture
    • #4
    • 12th Mar 17, 6:37 PM
    • #4
    • 12th Mar 17, 6:37 PM
    You are applying for an account which offers a credit facility and a bonus for switching, from a risk mitigation and cost standpoint banks run credit checks and internal standards checklists if you dont meet the criteria of someone who will offer a greater reward than risk you will be bounced back.

    I would look on the referral section, betters odds of acceptance as the checks are different more based on the person referring and there habits.
    • Djene
    • By Djene 15th Mar 17, 4:26 PM
    • 80 Posts
    • 12 Thanks
    Djene
    • #5
    • 15th Mar 17, 4:26 PM
    • #5
    • 15th Mar 17, 4:26 PM
    I've been getting rejected from FD for years now. I've been applying maybe once or max twice a year. Never had an issue with any other bank. Even accounts that come with automatic overdrafts.

    Apart from Private Banks. I think they're one the only banks I've not held an account with over the years.

    Can't imagine how high their criteria is. Or what else they judge prospective new customers on.
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