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Switching from HSBC to 1st Direct

Rusty1989
Rusty1989 Posts: 3 Newbie
in Budgeting & bank accounts
Does anyone know if i am still be eligible for 1st Directs £150 switching reward, if I currently bank with HSBC?

I was on there website and it mentions they are a division of HSBC and it threw me a bit.

Comments

  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Do their switching T&Cs say that you are not eligible if you switch from HSBC?
  • Rusty1989
    Rusty1989 Posts: 3 Newbie
    No there is no mention of it, the only time HSBC is mentioned is to state that first direct is member of HSBC group.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Rusty1989 wrote: »
    No there is no mention of it
    Yet another example of why it's just as important to read what the T&Cs DON'T say as it is to read what they DO say.
  • Rusty1989
    Rusty1989 Posts: 3 Newbie
    The only reference to not being eligible is "This offer is only available for people who haven't previously held any account with first direct" it does not mention 2nd parties or HSBC specifically.
  • markfj
    markfj Posts: 519 Forumite
    Tenth Anniversary
    Maybe just ask them, I'm with first direct now, after switching from Barclays, best thing I ever did
  • 20aday
    20aday Posts: 2,610 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker PPI Party Pooper
    Just had a look myself and I'd imagine you can switch to First Direct from HSBC despite them being the same banking company.

    The only thing you'd be unable to do is balance transfer from a HSBC credit card to a First Direct one (or any other card operating under the HSBC Group).
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
  • Doctor_Duke
    Doctor_Duke Posts: 303 Forumite
    I believe you will be fine the terms are clear you can't have had an account with FD before. HSBC and even M&S come to that are not mentioned!
  • anoncol
    anoncol Posts: 982 Forumite
    Doctor_Duke wrote: »
    I believe you will be fine the terms are clear you can't have had an account with FD before. HSBC and even M&S come to that are not mentioned!

    Many here have switched to two already having the third.
This discussion has been closed.
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