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First Direct free £100

Hi Everyone,

I plan to move to First Direct.

Does anyone know if you have to use there transfer service to get this?

I have read that you have to have used it if you want the 2nd free £100 to move away, but I'm not sure about the £100 sign up bonus??

Thanks

Comments

  • agsnu
    agsnu Posts: 1,457 Forumite
    edited 10 September 2010 at 7:46PM
    Hmm... Looks like you're right, all it says is that you have to transfer your income of >£1500
  • You don't have to use their transfer service to get the £100 joining bonus.
  • JAYk_2
    JAYk_2 Posts: 196 Forumite
    Correct me if I'm wrong but last time I checked receiving 'free £100' is not really free if First Direct customers are required to pay £10 per month to keep their account open; FD soon get their money back.
  • JAYk wrote: »
    Correct me if I'm wrong but last time I checked receiving 'free £100' is not really free if First Direct customers are required to pay £10 per month to keep their account open; FD soon get their money back.
    You're correct if you don't pay in at least £1500 per month or open another product, however, those who pay in £1500+ and / or open a second FD product avoid the £10 fee.
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right! :D
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