FirstDirect Bank Account £100 offer

starson79

Errrmmm... I just wondered...

If I opened a current account with First Direct (minimum monthly deposit required of £1500 to get £100 cashback). Could that £1500 consist of multiple deposits? If so, could I perhaps withdraw money and pay that back in - would that money count as a deposit towards the £1500? This idea seems too easy to be true. Sorry if it's a silly question.

Thanks.
:beer:

JDinho

Read the T&Cs

Banking Fee
You must pay our £10 Banking Fee for each month or part of a month that you hold a 1st Account unless we agree to waive the fee. If applicable, the fee will debit you account monthly in arrears.
Banking Fee Waivers
You will not have to pay the Banking Fee:
␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣ ␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣
- pay into your account* (other than by internal transfer from another first direct account) a minimum of £1,500 or you maintain an average monthly balance on your account* in excess of £1,500 (month means calendar month and we will work out the average monthly balance by adding together the end of day balances for each day during the month and dividing the sum by the number of days in the month); or
- hold a first direct mortgage, credit card, personal loan, savings account (*excludes Regular Saver Account and a Regular Saver ISA held for less than 12 months), first directory, or first direct car or home insurance policy; or
␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣
account, your joint account will not be considered to be in the same name as your sole account. If you hold more joint accounts, those accounts will not be considered to be in the same name unless all joint account holders are the same); or
␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣␣
*Where multiple current accounts are held, accounts will be considered individually in respect of balances and credits received and will not be aggregated when assessing whether a fee is payable.

YorkshireBoy

JDinho wrote: »

...snip...

I think the OP is questioning the source of the funds for the £100 cashback incentive (ie does it have to be salary/income), not the £10 per month banking fee.

starson79

Any thoughts on this? Thanks.

AnonymousForObviousReason

Why not call them, see if you get a satisfactory response from them. It'll be a good initial contact to get first impressions?

http://www1.firstdirect.com/1/2/banking/1st-account/overview
(on the apply tab)

If you need help while applying online please select the 'need help?' button within the application form to request a live web chat or a call back.

You can also call us on 0800 24 24 24