First Direct question

stuckdebt

to do the switch, I see that there is a requirement of £1000 going into the account each month to get the £125 switch bonus.

How is this monitored?

For example, with Halifax I can withdraw some money then pay it back in to reach the £750 to get the £5 reward each month. Can I do this with First Direct?

Thanks

Archi_Bald

stuckdebt wrote: »

to do the switch, I see that there is a requirement of £1000 going into the account each month to get the £125 switch bonus.

It is not each month, it is within three months but you must use their switcher service which closes your old account.

stuckdebt wrote: »

For example, with Halifax I can withdraw some money then pay it back in to reach the £750 to get the £5 reward each month. Can I do this with First Direct?

Yes, but obviously you need to still have another account to withdraw to, and to pay in from.