First Direct 1st Account Switching.

mrchagle

butterfly72 wrote: »

the £1500 you need to deposit... does it have to be my salary direct from my employer or can i just transfer it from another current account every month?

thanks

.... don't forget if you have another qualifying product with FP you don't need to credit the account by £1500 monthly.

Obviously you won't qualify for the £100 incentive but it depends what you're looking for.

freemoneyrocks

mrchagle wrote: »

Thanks for the info.

Do they take a while to put the incentive in the account? I've heard some people it was in the account within 28 days.

I think you get it pretty quickly after meeting the criteria, but allow up to 3 months.

Svenena

It's been 27 days since I paid over £1500 into my new 1st account, and i'll be chasing if I don't get the £100 in the next week or so. Salary/income suggests to me that it doesn't have to be a direct payment from your employer - I can't find anywhere that states this explicitly anyway. What if your main source of income is from interest on savings? Or you're a SAHM and your partner gives you housekeeping money?

As it it for me personally, between my salary and savings interest, my income is £1500 a month, but my salary alone falls just short. Rather than switch my salary and then add the savings income separately, I've chosen to transfer the two combined by FP. I hope this won't be a problem for them, but I'm prepared to argue if so. I've seen other stories on here where people have managed to get the £100 using transfers, so fingers crossed there won't be any problem.

tellmeitsfriday

I rang them up to remind them that I hadn't had my £100 and it was there within an hour! The chap I spoke to checked the credits I'd had in first three months while I was on the phone. I have 2 jobs which make up my £1500 and he thought that was why it wasn't credited automatically