First Direct and £125 switch bonus

penners324

I'm holding this account for 6 months and then claim the leaving bonus of £100.

nandrews

I applied for the switch on or around 21/05/19 and I was informed it was complete 21/06/19!
When I complained that it took more than 7 days to switch they told me "but we have to set up the new account first"!!!
Of course, the new account is implied in switching from an old account to a new account. So I don't accept that they need time outside the seven - it should all be done.
After the account was set-up they switched within 7 days after that and claim they were inside the limits!
Nigel

bioboybill

Still waiting for the switch incentive 25 days after completing the switch and paying in £1K. I know it says "within 28 days", but seeing others getting it in 6 days makes me wonder why it's taking so long. Has anybody else waited the full 28 days?

18cc

Just to let you know if you leave after 6 months you may well get £100 leaving payment but your Regular Saver won't pay out the 5%

also I was speaking to them recently and they said in September they are deleting the £10 monthly fee requirement so no need to have another product or £1000 balance or anything like that so look out for an announcement...

glider3560

bioboybill wrote: »

Still waiting for the switch incentive 25 days after completing the switch and paying in £1K. I know it says "within 28 days", but seeing others getting it in 6 days makes me wonder why it's taking so long. Has anybody else waited the full 28 days?

I'm also around 25 days since switching and no sign of the incentive yet. £1k was paid in within days of opening the account.

bioboybill

£125 received on day 27.

Johntea

I received £125 today but lost track of time a bit, not had any problems though and got the 5% saver going in the background too which I can do the full £300 a month in to :beer:

smipsy

i've never done this before, so excuse my silly questions.

1.) where do you all see the £125 offer? i can only see £100 on their page.
2.) do i have to take the overdraft? i'd prefer not to have any
3.) do i have to move my wages to first direct? i already get them paid into barclays, and would like to keep it that way. can i just simply send myself a grand every month to still get the reward?
4.) how does the "1000 a month" work anyway? say I open it and switch next week, do i then need to pay in 1000 until the end of this month, or within 30 days of opening my account?


additionally and related to all that, i see that hsbc offers 175 for their advance account, i'm guessing it's better to do that instead? unfortunately i don't have two current accounts to burn to get both

oh, and lastly, is there are a known date when these offers, both first direct and hsbc, will end?

many thanks!

bioboybill

smipsy wrote: »

i've never done this before, so excuse my silly questions.

1.) where do you all see the £125 offer? i can only see £100 on their page.

Been reduced to £100 now.
2.) do i have to take the overdraft? i'd prefer not to have any
No.
3.) do i have to move my wages to first direct? i already get them paid into barclays, and would like to keep it that way. can i just simply send myself a grand every month to still get the reward?
No. Just deposit £1K as soon as you have switched. You can take the £1K straight back out if you like.
4.) how does the "1000 a month" work anyway? say I open it and switch next week, do i then need to pay in 1000 until the end of this month, or within 30 days of opening my account?
See above.


additionally and related to all that, i see that hsbc offers 175 for their advance account, i'm guessing it's better to do that instead? unfortunately i don't have two current accounts to burn to get both
The HSBC offer is better, but depends if you have the income for it. They are picky. I was ok, but wife wasn't.
oh, and lastly, is there are a known date when these offers, both first direct and hsbc, will end?
No idea. Read the offer T+Cs.

many thanks!

Hope this helps.

smipsy

gotcha, thanks!

i think i'll do first direct, and then after 6 months have passed I'll probably take the leaving bonus and switch to hsbc or someone else who will have another switching offer, as they seem to have them all the time