First Direct 1st Account or Club Lloyds Current Account? Which to go for?

YorkshireBoy

Turnipfarmer wrote: »

So just to clarify before I do it say for example I get paid my wages into my Halifax bank account then move £1500 into Lloyd's club then move £1000 into FD account and then back into Halifax if required.

You don't need to deposit £1K into FD once you've got your £100 switching incentive (if applicable). They don't apply the £10 banking fee for the first 6 months, and after that you just need to open an e-saver with them to obtain the fee waiver. In short, just put in the £300 (or whatever) you're funding the regular saver with.

I always thought say if you pay £1500 into Lloyd's club and then that £1500 back into Halifax would that be classed as meeting the £1500 required or do they count that as £0?

Move a different £1,500.