8% First Direct - Easy Explanation

amictus

Thanks for sharing the info.

burrows wrote: »

Q: does the 1500 have to be a real income or just any deposit such as a fast pay.

A: no it must be an actual income i.e. BACS, pension, payslip.

Q: does it have to be BACS is there no way around it

A: it may work as something else such a FP but you only qualify if its an income such as pay from a company or a pension,it is checked. basically you can't bounce or fake it.

This seems to contradict what other people have said. If you're intent on opening the regular savings account anyway then it might be worth a try at least.

Gromitt

Put £1500 in via FP anyway, if you don't get the £100 you know why, if you do (as others have) - bonus!

Sandmonster

burrows wrote: »

I hope this becomes a sticky post and lays the matter to rest.

Have you recorded the call 'for training purposes' ?

Maybe we can get Martin :money: or one of the savings team to do a page on this? How do you alert the team?

ejv

burrows wrote: »

Q: does the 1500 have to be a real income or just any deposit such as a fast pay.

A: no it must be an actual income i.e. BACS, pension, payslip.

Q: does it have to be BACS is there no way around it

A: it may work as something else such a FP but you only qualify if its an income such as pay from a company or a pension,it is checked. basically you can't bounce or fake it.

Update:

Started 1st account in April and requested full DD+SO switch. Remitted £1500 each in April and May from another current account(not my salary).I was planning to transfer another £1500 in June, but £100 incentive already paid.:j

I didn't get the extra £25 though I clicked thru' moneysupermarket link. Still happy:T

So I think just one £1500 remittance and completion of all DD+SO switch would get you £100:D