Closing first direct bank account and keeping credit card?

n1guy

Probably should have checked this out before I decided to switch to the TSB £125 offer, but if they close my FD bank account I want to keep the attached FD credit card, I also have a saving account with them i'd like to keep, this switch wont close everything will it?

badger09

n1guy wrote: »

Probably should have checked this out before I decided to switch to the TSB £125 offer, but if they close my FD bank account I want to keep the attached FD credit card, I also have a saving account with them i'd like to keep, this switch wont close everything will it?

A switch closes only the current account being switched.

However, do the T&C of your FD credit card specify that you must be FD current account holder?

Similarly, is the savings account you mention a Regular Saver? If so, that is available only to FD current account holders.

As you said, you should have checked before switching;)

bigadaj

n1guy wrote: »

Probably should have checked this out before I decided to switch to the TSB £125 offer, but if they close my FD bank account I want to keep the attached FD credit card, I also have a saving account with them i'd like to keep, this switch wont close everything will it?

Can you just not open another first direct current account?

JuicyJesus

When I switched my FD account they asked if I wanted to keep the CC.

Wellard_Mann

I always thought that having a FD credit card was conditional on having a current account with them. When I switched my FD account they sent me a text a couple of days before the switch took place to tell me my credit card was blocked - which I'd anticipated and hadn't used that month. The balance was paid in full by direct debit from my new account a couple of weeks later. I then cancelled the DD, cut the card up and thought no more about it.

A year or so later the card expired and they sent me a new one - valid only for one year. I then realised that I had a few pence trailing interest left in a FD saver account (I'd transferred the balance into the current account before the switch). Possibly that might have been the reason?

Anyway I wrote to them and formally cancelled the card and also got the 66p worth of interest transferred to my new current account - which at least covered the postage cost.