First Direct current account fee

colsten

From a First Direct email received today:

From 14 September 2019 we’re no longer charging £10 per month for our 1st Account – this doesn’t apply to most people anyway so we’re scrapping it.

EarthBoy

This was the easiest charge in the world to avoid, simply by opening a savings account with £1. Did anybody ever actually pay it?

Tahlullah

Nope. Just opened more than one account.

20SmthngSver

I have a 1st Account with £1 and a Savings Account with £1. Never paid a charge.

schiff

That will tidy things up a bit once the savings account balance is transferred to the 1st account

quirkydeptless

Ooh, so come September I'll have an extra £1 + interest to spend :j

eskbanker

colsten wrote: »

From a First Direct email received today:

From 14 September 2019 we’re no longer charging £10 per month for our 1st Account – this doesn’t apply to most people anyway so we’re scrapping it.

They took their time formalising and communicating this, since it was mentioned in a post on here back on 23 June!

18cc wrote: »

From September this year First Direct will be removing the £10 monthly charge anyway although you are correct at the moment to avoid the charge simply open a savings account (Regular Saver doesn't count) and put £10 in it

Vortigern

schiff wrote: »

That will tidy things up a bit once the savings account balance is transferred to the 1st account

Keeping the everyday saver (or whatever it's called) allows slightly earlier access to the cash in your maturing regular saver.

I suppose you could withdraw the pound but keep the account open.

schiff

Vortigern wrote: »

Keeping the everyday saver (or whatever it's called) allows slightly earlier access to the cash in your maturing regular saver.

I suppose you could withdraw the pound but keep the account open.

I had decided that!

penners324

You still need to pay in £1000 a month for 6 months to get the leaving bonus.

Rich2808

Given all you needed to avoid the £10 fee was to have £1 in their everyday e-saver/savings account is this that big a change. Anyone who paid the fee each month wasn't really paying attention!