First Direct for joint accounts?

jammycodger

I already have an account with First Direct but my wife is interested in switching our joint account (for house bills etc) to a new bank.

If we got the £125 bonus from FD we'd definitely switch to them but am I right in thinking they wouldn't give the bonus to us as I already have a (separate, single) account with them? Any (legal!) ways around that?

grumbler

Most likely your can get the bonus, but I'd transform the joint account to a sole one on your wife's name before switching to be on the safe side.
Or just open a new 'donor' account for switching.

Vortigern

Get your wife to open a sole account with her current bank.
Switch the new account to first direct and collect the incentive.
Then convert the new fd account to joint.

sdoherty1000

What is a donor bank account?

inspireme247

sdoherty1000 wrote: »

What is a donor bank account?

Second current account from your bank, where you can close it for switching to other bank.

grumbler

inspireme247 wrote: »

Second current account from your bank, where you can close it for switching to other bank.

From any bank actually, and not necessarily second.

inspireme247

grumbler wrote: »

From any bank actually

Yes it can be from any bank, as long as you have a current account with them.

grumbler wrote: »

and not necessarily second.

Fair enough.

Herbalus

inspireme247 wrote: »

Yes it can be from any bank, [STRIKE]as long as you have a current account with them.[/STRIKE]

No, just any bank.

But it is easier if you go with one of your existing banks because they already know who you are.