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First Direct current account fee

2

Comments

  • francismay
    francismay Posts: 70 Forumite
    20SmthngSver wrote: »
    I have a 1st Account with £1 and a Savings Account with £1. Never paid a charge.


    why £1 in 1st Account and Saving account can avoid fees?
    It suppose to be:
    [FONT=&quot] at least one of the following:[/FONT]
    • Paying in at least £1,000/mth (equivalent to an annual salary of £12,500).
    • Holding an average monthly balance of £1,000.
    • Having a savings, mortgage, credit card, loan or home insurance account with First Direct.
    before 14th september
  • schiff
    schiff Posts: 20,319 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    francismay wrote: »
    why £1 in 1st Account and Saving account can avoid fees?
    It suppose to be:
    [FONT=&quot] at least one of the following:[/FONT]
    • Paying in at least £1,000/mth (equivalent to an annual salary of £12,500).
    • Holding an average monthly balance of £1,000.
    • Having a savings, mortgage, credit card, loan or home insurance account with First Direct.
    before 14th september


    "Having a savings account with First Direct". :)
  • francismay
    francismay Posts: 70 Forumite
    20SmthngSver wrote: »
    I have a 1st Account with £1 and a Savings Account with £1. Never paid a charge.
    schiff wrote: »
    "Having a savings account with First Direct". :)


    I was thinking "Having a savings AND mortgage AND credit card AND loan or home insurance account with First Direct.
  • Nicholas
    Nicholas Posts: 630 Forumite
    Part of the Furniture 500 Posts
    schiff wrote: »
    "Having a savings account with First Direct". :)

    But not the REGULAR savings account.
  • MisterMotivated
    MisterMotivated Posts: 612 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    francismay wrote: »
    I was thinking "Having a savings AND mortgage AND credit card AND loan or home insurance account with First Direct.


    No, just one of the options is needed:

    francismay wrote: »
    It suppose to be:
    [FONT=&quot] at least one of the following:[/FONT]
    • Paying in at least £1,000/mth (equivalent to an annual salary of £12,500).
    • Holding an average monthly balance of £1,000.
    • Having a savings, mortgage, credit card, loan or home insurance account with First Direct.
  • schiff
    schiff Posts: 20,319 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    francismay wrote: »
    I was thinking "Having a savings AND mortgage AND credit card AND loan or home insurance account with First Direct.

    No ands, just an or :)
  • where_are_we
    where_are_we Posts: 1,286 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    "You still need to pay in £1000 a month for 6 months to get the leaving bonus" - I have just received my switching bonus. Can I cancel my monthly £1000 in and out standing orders made to avoid the £10 fee? Can they retrieve the switching bonus once it has already been paid?
  • eskbanker
    eskbanker Posts: 38,706 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    where_are_we wrote: »
    "You still need to pay in £1000 a month for 6 months to get the leaving bonus" - I have just received my switching bonus. Can I cancel my monthly £1000 in and out standing orders made to avoid the £10 fee?
    It depends what you have in mind - if you don't pay in £1,000 every month then you won't have to pay a monthly £10 fee but obviously you'd lose eligibility for the leaving bonus.
    where_are_we wrote: »
    Can they retrieve the switching bonus once it has already been paid?
    Can you see anything in their Ts & Cs that would allow them to do this?
  • hoc
    hoc Posts: 596 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    I never received such an email and the fee is still listed on their charge page https://www1.firstdirect.com/rates-and-charges/charges/ but not on the account page https://www1.firstdirect.com/banking/current-account/


    Are there any exceptions such as older accounts opened before a certain date for which the fee may still apply? I've been avoiding the fee with the 1,000 monthly funding clause which I prefer to the more common opening of a savings account but I don't want to risk stopping the funding if they will sting me for a tenner.
  • born_again
    born_again Posts: 22,158 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    No. FD only have one current account.

    Drop them a message and advise of their error....
    Life in the slow lane
This discussion has been closed.
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