First Direct £100 re new current account question

heloid

To clarify, it doesn't matter where the money comes from as long as it comes from an external source. You could make 3 payments for £500 in and out of the account from another bank in about 10 minutes using faster payments.
Source: It's what my GF did for about 4 months (she got the £100 joining bonus) until she realised you could just put £1 in an eSaver account.

Baking_Mad

Going to do an application tomorrow, just can't get my head round this £1 in the e-saver thing? what is it for? can someone explain please

Gromitt

alionaear wrote: »

Going to do an application tomorrow, just can't get my head round this £1 in the e-saver thing? what is it for? can someone explain please

Unless you pay in £1500 per month there is a £10 banking charge, UNLESS you hold another appropriate First Direct product. ESaver is this appropriate First Direct product. Stick £1 in and your done. Or you could take out a FD Credit Card instead, for example.

Baking_Mad

just completing the application and on employment details page it asks "will your income be paid into this account?". do we have to say yes to qualify for the joining offer? also goes on to ask regarding the overdraft saying that the standard one is £500 for 12 mths. Do we stick to this or apply for more?

Baking_Mad

ok, their site's just crashed, came up with the page giving us the reference number to phone them with

should we call or is it best trying again in a while?

another question, at the start of the application it asks if you want to apply for e-saver account and the savings account. I presume this is the e-saver that we'll need later for the £1 (to avoid the charges)? but the savings account doesn't look like the 8% regular saver. am I right re both of these?

YorkshireBoy

alionaear wrote: »

just completing the application and on employment details page it asks "will your income be paid into this account?". do we have to say yes to qualify for the joining offer?

From the T&Cs...

to qualify you need to transfer your banking using our Easyswitch service (transferring at least two Direct Debits and/or standing orders) and salary/income of at least £1,500 per month to your 1st Account within three months of your account opening

So do it now, or do it later. The choice is yours.

also goes on to ask regarding the overdraft saying that the standard one is £500 for 12 mths. Do we stick to this or apply for more?

Not sure how anyone here can help you with that one. You ask for what you need/want don't you?

ok, their site's just crashed, came up with the page giving us the reference number to phone them with

should we call or is it best trying again in a while?

You call them.

at the start of the application it asks if you want to apply for e-saver account and the savings account. I presume this is the e-saver that we'll need later for the £1 (to avoid the charges)?

Yes it is.

but the savings account doesn't look like the 8% regular saver. am I right re both of these?

From the T&Cs it looks like the only savings account that doesn't qualify you for the banking fee waiver is the regular savings account. When I did this offer I just opened the e-saver only.

Baking_Mad

thank you very much for this, really appreciate your help

Baking_Mad

Ok, we've just opened the 1st account and the e-saver

what's next? we've now got sort codes and acc numbers for both

will they contact us to set up the DDs/SOs or do we need to do it ourselves and how do you open internet banking with them please?

thanks again

heloid

alionaear wrote: »

Ok, we've just opened the 1st account and the e-saver

what's next? we've now got sort codes and acc numbers for both

will they contact us to set up the DDs/SOs or do we need to do it ourselves and how do you open internet banking with them please?

thanks again

Just wait, they will do everything for you. If you have concerns call them up on the phone and they will tell you where things are at. Enjoying the straight forward phone calls

poto

alionaear wrote: »

just completing the application and on employment details page it asks "will your income be paid into this account?". do we have to say yes to qualify for the joining offer? also goes on to ask regarding the overdraft saying that the standard one is £500 for 12 mths. Do we stick to this or apply for more?

Alionaear, and in the end, what did you answer to that question?

I'm thinking to go with FD, but I really don't want to move my current account where my salary gets paid.

Many Thanks