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RE Switching to First Direct from Joint

Hey, I have tried searching but not really found the answer I was looking for.

If I switch to First direct by myself I get £100 right, if my wife then switches to first direct herself does she also get £100?

The Direct Debits would be switching from the same joint account.

The plan would be then to setup a new joint account with First direct down the line.

Comments

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    They are likely to insist that the account you switch to must be a joint account from day one as well.
  • BEKO86
    BEKO86 Posts: 4 Newbie
    How will they know?

    What if I move a few Direct Debits prior ro switching to First Direct.
  • penrhyn
    penrhyn Posts: 15,215 Forumite
    Part of the Furniture Combo Breaker
    Maybe if the only reason you are switching is for a mess of potage First Direct isn't the bank for you. I guess you are aware you have to pay at least £1000 into your account each month for free banking or have additional accounts.

    Banking with first direct usually costs £10 a month, but we'll waive the fee if you pay in at least £1,000 to your 1st Account each month or maintain an average monthly 1st Account balance of £1,000 or hold a selected first direct additional product. For new customers we waive the fee for your first 6 months.
    That gum you like is coming back in style.
  • TheEffect
    TheEffect Posts: 2,293 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    penrhyn wrote: »
    Maybe if the only reason you are switching is for a mess of potage First Direct isn't the bank for you. I guess you are aware you have to pay at least £1000 into your account each month for free banking or have additional accounts.

    Banking with first direct usually costs £10 a month, but we'll waive the fee if you pay in at least £1,000 to your 1st Account each month or maintain an average monthly 1st Account balance of £1,000 or hold a selected first direct additional product. For new customers we waive the fee for your first 6 months.

    Takes about 2 minutes to open a savings account and transfer £1 into it. Problem solved.
  • penrhyn
    penrhyn Posts: 15,215 Forumite
    Part of the Furniture Combo Breaker
    Indeed, OP now has all the info they need.
    That gum you like is coming back in style.
  • BEKO86
    BEKO86 Posts: 4 Newbie
    No I genuinely wanted to move over to First Direct.

    This was just to clarify whether both individuals would receive £100.

    I am well aware of the £1000 per month. That is not an issue.
This discussion has been closed.
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