We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

first direct current account switch

Options
Hi I have recently opened a current account with first direct through this site so will get £125 for switching :) I am now going to start the actual switch from my current bank TSB, I have 3 current accounts with TSB, a graduate acc thats overdrawn (no interest till 2016) a TSB plus thats got £2000 in it, and a normal current acc that im wanting to switch, If i switch this acc to first direct will the other 2 accounts close aswell or just the one with the details I give to first direct ?

Thanks

Comments

  • EarthBoy
    EarthBoy Posts: 3,198 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Only the one that you give them the details for.
  • kemp596
    kemp596 Posts: 37 Forumite
    Tenth Anniversary
    ok thanks for that !!
  • Ed-1
    Ed-1 Posts: 3,954 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    kemp596 wrote: »
    Hi I have recently opened a current account with first direct through this site so will get £125 for switching :) I am now going to start the actual switch from my current bank TSB, I have 3 current accounts with TSB, a graduate acc thats overdrawn (no interest till 2016) a TSB plus thats got £2000 in it, and a normal current acc that im wanting to switch, If i switch this acc to first direct will the other 2 accounts close aswell or just the one with the details I give to first direct ?

    Thanks

    What's the overdraft limit on the graduate account out of interest?
  • Ed-1 wrote: »
    What's the overdraft limit on the graduate account out of interest?

    im on my second year of having a graduate account so its now at £1500 interest free, next year it will drop to £1000 interest free.
  • I think graduate account will also be good, otherwise the previous one is the best option.
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    yes, just take advantage of the best terms from each bank..

    keep the 0% overdraft, and you might aswell leave it as high as the 0% limit..

    and if you can afford to, FD's Regular Saver, paying 6%, is market leading.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.