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MSE News: First Direct opens current account to lower incomes

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  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    rossk26 wrote: »
    To qualify for the £100 do you need to transfer 2 Direct Debits?

    The thing is, currently I only have 1.

    Also would I need to transfer my salary from my current bank to First Direct? As what I would like to do is keep my Halifax current account (get £5 a month!!) Then transfer the necessary £1k from Halifax into FD to qualify for the £100.

    I mainly want to open a FD account for the 6% Regular Saver..

    Any help is appreciated

    All the details, in 100% correct form, are on the FD website.

    In summary, to get the £100:
    ** Open a 1st Account then 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 and we will add £100 to your account. This offer is only available for people who haven't previously held any account with first direct and is limited to one payment per joint relationship.
    Source: http://www1.firstdirect.com/1/2/banking/current-account?WT.ac=BA1580

    They have yet to update their site for the £1,000 but as the MSE article says, this will only become effective from April 1. Personally, I would not rely on information from a 3rd party and would always go by the T&Cs of the company I contract with.
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