first direct pay in £1000 within 3 months

guestman

so after opening my FD account last month, one of the terms of getting the £100 switch is to pay in £1000, currently I paid in £300 which went into the monthly saver then another £300 which is sat waiting for the saver to withdraw it again. now I also transferred £800 in then back out again right away, do you still think this is enough to class as pay in £1000 ? I know it works with the interest pay in / out done each month to get the interest payment.

eskbanker

It says "pay in at least £1,000 within three months of your account opening and we'll add £100 to your account" and you've paid in at least £1,000 within three months, so what's the problem?

As ever with Ts & Cs, it's all about what they don't say as much as what they do, so if they wanted it all in one go, or expected it to be retained as a balance, or whatever else you think could disqualify you, they'd say so....

guestman

I thought maybe it might want you to keep the £1000 in there once paid in and spend it rather than just transfer in then back out.

badger09

guestman wrote: »

I thought maybe it might want you to keep the £1000 in there once paid in and spend it rather than just transfer in then back out.

Its a current account. You would be expected to spend money from a current account, pay bills etc, not leave your pay/pension etc all in there:p.