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First Direct Switch
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RustyBug
Posts: 12 Forumite
Hi all,
I've been reading up on the first direct current account and what is involved in switching to it. My understanding is that I can switch and as long as I pay in £1000 a month I will not get charged the fee £10? I don't need any direct debits? Is this correct?
If so, can anybody recommend any quick to setup bank accounts that I can use to switch from?
Regarding the switching process, do I need to have had the account for a certain amount of time? Does it need to have a certain balance? Are there any requirements? There doesn't seem to be but I just want to be extra sure.
I've been reading up on the first direct current account and what is involved in switching to it. My understanding is that I can switch and as long as I pay in £1000 a month I will not get charged the fee £10? I don't need any direct debits? Is this correct?
If so, can anybody recommend any quick to setup bank accounts that I can use to switch from?
Regarding the switching process, do I need to have had the account for a certain amount of time? Does it need to have a certain balance? Are there any requirements? There doesn't seem to be but I just want to be extra sure.
0
Comments
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Hi all,
I've been reading up on the first direct current account and what is involved in switching to it. My understanding is that I can switch and as long as I pay in £1000 a month I will not get charged the fee £10?MSE wrote:What if I can't pay in £1,000 every month? If your salary reduces and you can no longer pay in £1,000 per month you'll be whacked with a £10 monthly fee. However, if you have another account with First Direct - savings or a mortgage - then it's waived, so just open a bog standard savings account, and put the minimum amount in.
BTW, it doesn't have to be a salary.I don't need any direct debits? Is this correct?If so, can anybody recommend any quick to setup bank accounts that I can use to switch from?0 -
Regarding the switching process, do I need to have had the account for a certain amount of time? Does it need to have a certain balance? Are there any requirements? There doesn't seem to be but I just want to be extra sure.
I'd like to know this too. Having another account with my current bank isn't an option for meNo Unapproved or Personal links in signatures please - FT30 -
YorkshireBoy wrote: »Why not?
None of your beeswax. I provide the information that I'm happy for people to comment onNo Unapproved or Personal links in signatures please - FT30
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