Terms of switching to First Direct - does it have to be my salary paid in?

MoneyInTheBank

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innovate

MoneyInTheBank wrote: »

The lady on the phone said that I had to credit 1k within the first 3 months of opening but it HAS to be either my salary or another income.

"Other income" can have come into other bank accounts. Just transfer £1K (in one or several payments) with Faster Payments and you are done.

AlwaysLearnin

innovate wrote: »

"Other income" can have come into other bank accounts. Just transfer £1K (in one or several payments) with Faster Payments and you are done.

Confirm this.

Keep an eye on the £125 too as they only gave me £100 initially, until I raised it with them and they put the shortfall in a few days later.

Once you get the £125, as long as you've got £1 in the esaver then no need for any more funding/transfers either

Hominu

AlwaysLearnin wrote: »

Once you get the £125, as long as you've got £1 in the esaver then no need for any more funding/transfers either

Unless you want the leaving gift, in which case you need to keep funding the account.

Any

No, we have it as our joint account and we each transfer in just the bill money. Wages go into separate accounts. Never had a problem.

juanmanuelmarquez

when do you actually get the incentive?

i joined 4 weeks ago, had my SOs transfered now its showing up on my FD account but no sign of the £100 incentive? I had the £1.5k transfered last month and this month still no sign? Should i wait until next month or contact them now?

juanmanuelmarquez

joined on 18th, and switch started on 24th?

AlwaysLearnin

Ours took just under 4 weeks to come through from first deposit

juanmanuelmarquez

well i have made 2 deposits, 1 in march and 1 now, do you think its a little premature? or should i contact them to find out?

annie12

Do you have to transfer 2 direct debits or standing orders using First Direct's easy switch service to qualify for the £125?
I was just going to set up 2 new ones or transfer existing ones myself.

The_pc_tech

You have to use Easyswitch to move at least two DDs