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First Direct £1 Thing

Yea is this still happen now? i know it says you NEED to pay in £1500

but open a savings account add £1 and that's it? no £10 a month or £1500 a month

yea?

Need to know this because the old man wan'ts to apply but he wont be funding in 1500 EVERY MONTH lol because of the work he does it varies the wage.
HSBC (Main A/C)
Halifax Back up A/C
Lloyds (Spending) A/C
RBS Back up A/C
Barclays Old A/C
Nationwide Old A/C
«1

Comments

  • MoneySaverLog
    MoneySaverLog Posts: 3,232 Forumite
    Yes that's what I have. First Direct are not my main bank and only being used for the 8% regular saver.
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    Open an *E* Savings account and it works. If you open a Regular saver savings account it *doesnt* work. So you can't just say "savings account".

    Also, if you don't fund the £1500, you won't get the welcome or leaving bonuses.
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Yes that's what I have. First Direct are not my main bank and only being used for the 8% regular saver.


    Thank's

    Gromitt wrote: »
    Open an *E* Savings account and it works. If you open a Regular saver savings account it *doesnt* work. So you can't just say "savings account".

    Also, if you don't fund the £1500, you won't get the welcome or leaving bonuses.


    He's not bothered about the welcome and leaving thing he just wants an FD account but doesn't fund the £1500 etc


    May i also ask, do you get your account number within an instant? so he can transfer £1 to the e-savings? he doesn't want any unnecessary charges in the future for not funding it.. so just wanna make sure.. he's paranoid you see lol

    also how do they credit check or check for ID? he isn't on the electoral roll,

    can that cause a problem ?
    HSBC (Main A/C)
    Halifax Back up A/C
    Lloyds (Spending) A/C
    RBS Back up A/C
    Barclays Old A/C
    Nationwide Old A/C
  • Cyrus
    Cyrus Posts: 109 Forumite
    Lith wrote: »
    Thank's





    He's not bothered about the welcome and leaving thing he just wants an FD account but doesn't fund the £1500 etc


    May i also ask, do you get your account number within an instant? so he can transfer £1 to the e-savings? he doesn't want any unnecessary charges in the future for not funding it.. so just wanna make sure.. he's paranoid you see lol

    Yeah, I did it all over the phone, took about 30 mins and the women sorted it all for me. Easy.
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Cyrus wrote: »
    Yeah, I did it all over the phone, took about 30 mins and the women sorted it all for me. Easy.

    so you can apply over the phone? awesome

    im sure he'll just have to 'blag' about putting £1500 in ? and once he has the account just use £1 and all is well ?


    Sounds cheeky lol but i'll tell him


    cheers fella
    HSBC (Main A/C)
    Halifax Back up A/C
    Lloyds (Spending) A/C
    RBS Back up A/C
    Barclays Old A/C
    Nationwide Old A/C
  • samwsmith1
    samwsmith1 Posts: 922 Forumite
    You can apply on the phone by calling 0800 24 24 24, or just do it online.
    https://www.firstdirect.com
  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    No rush to open eSavings account. You have 6 months before the £10 pm fee becomes payable on the current account.

    "Banking fee waivers You will not have to pay the Banking fee:
    • for the first six months following account opening..."
    http://www1.firstdirect.com/1/2/rates-and-charges/charges;jsessionid=0000Gn3wYD_b9blpbwSZA7SoJrW:11hkli840
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    alanq wrote: »
    No rush to open eSavings account. You have 6 months before the £10 pm fee becomes payable on the current account.

    "Banking fee waivers You will not have to pay the Banking fee:
    • for the first six months following account opening..."
    http://www1.firstdirect.com/1/2/rates-and-charges/charges;jsessionid=0000Gn3wYD_b9blpbwSZA7SoJrW:11hkli840

    Yea no rush, but make a e-savings account slap 1 pound and jobs a gooden
    HSBC (Main A/C)
    Halifax Back up A/C
    Lloyds (Spending) A/C
    RBS Back up A/C
    Barclays Old A/C
    Nationwide Old A/C
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Right,

    the old man phoned up.. but was declined an account because they cant find him on the electoral roll??

    and the woman wasn't willing to help


    is this true? because i think it isn't... i have 4 accounts and im not on the so called 'electoral roll'

    but they all saw my passport so how does FD do an id check if someone isn't on the electoral roll ???? (seeing as they don't have a branch...)
    HSBC (Main A/C)
    Halifax Back up A/C
    Lloyds (Spending) A/C
    RBS Back up A/C
    Barclays Old A/C
    Nationwide Old A/C
  • myth123
    myth123 Posts: 400 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Is it the everyday e-saver account you need to open to waive the £10 monthly fee from the 1st account?
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