First Direct 1st Acoount

skippystrat

Hi there,

I apologise if this has been asked, I did trawl through a few search pages!

I earn just over £1000 per month, and I wondered if I could open a first direct account, pay that in, then remove £500 and put it straight back in again. Would this avoid any fees and allow me to get their regular savers account? Does any of the money have to come from my company or would it be okay to send it from a personal bank account? (Halifax in this case)

Secondly, to get the £100 transfer in reward, does my current bank account need to have any standing order set up already?

Thanks,
Matt

innovate

Search the board, the answers are all there in detail. You don't need to pay in £1.5K a month to get access to the Reg Saver.

If you want to £100 joining incentive, you need to pay in the £1.5K however, and use their switcher service to transfer at least to DDs or SOs. You do not need to pay the £1.5K in one go.

maninthestreet

First Direct can be a litle picky about the customers they choose to take on board.

dr_adidas01

Yes First Direct are very picky indeed, as the account gives you a £250 overdraft as standard. You will have to have a near perfect score with little debt and a good payment history for a minimum of 3 to 6 years.

Even then there's no guarantee they will accept you.