First Direct Fees: How to Avoid 'Em or Ditch 'Em Discussion Area

creddish

oldagetraveller wrote: »

Yes:D
I would pay the charges (not illegal but unlawful) and ask them for copies of all your statements for the past 6 years if the account is that old. Then claim back the charges and close the account, first making sure the 1p unauthorised overdraft is paid off.
NEVER just bin bank statements or similar - look at them first then shred them.

I suspect that the charges are the new £10 per month charges so First Direct are entitled legally if not morally to make them.

Colin

voodoomox

Banking with first direct usually costs £10 a month, but it's free when you pay in at least £1,500 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,500 or hold a first direct mortgage (or a selected additional first direct product if your account was opened before 2 February 2009).

ShelfStacker_3

Additionally, if you open a joint 1st Account with someone who's exempt from the fee for whatever reason, you're also exempt from the fee by virtue of that.