Switching to First Direct. Will any old current account do?
pearl123
Posts: 2,056 Forumite
Re: Switching to First Direct. Will any old current account do?
I have an old classic Lloyds current account with lloyds or I could use a Virgin current account. Neither have direct debits or standing orders. Does it matter that both have a £1.00 in it.
I'm basically after the cashback and the 7% saver.
I have an old classic Lloyds current account with lloyds or I could use a Virgin current account. Neither have direct debits or standing orders. Does it matter that both have a £1.00 in it.
I'm basically after the cashback and the 7% saver.
0
Comments
-
Yes any account will do as long as the bank supports the current accound switching service, which most do.
1 -
I would be inclined to put some more money in so it looks like a 'real' bank account!Being polite and pleasant doesn't cost anything! --
Many thanks
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24 bags, 43 dog coats, 2 scrunchies, 10 mittens, 6 bootees, 8 glass cases, 2 A6 notebooks, 59 cards, 6 lav bags,36 angels,9 bones, 1 knee blanket, 1 lined bag,3 owls, 88 pyramids = total 420 total spend £5. Total for 'Dogs for Good' £546.82
2024:23 Doggy duvets,29 pyramids, 6 hottie covers, 4 knit hats,13 crochet angels,1 shopper, 87cards=163 £86 spent!!!1 -
Katiehound said:I would be inclined to put some more money in so it looks like a 'real' bank account!
If a transfer balance isn't stated in the switching terms then have a £0 balance won't matter.
2 -
Thank you everyone. It looks like it's ok to me to use.0
-
Am I right in thinking that this switch doesn't require any DDs to be active? It looks like all I'd need to do is pay in £1000 within three months. If I make sure there is £1001 in the account being moved, will that be all I have to do?
I've only tried one switch before , from Tesco to Nationwide, and it failed. No one would say why, but because it didn't happen in the 7 day time scale, I didn't get the switching bonus.
So I could try and switch the nationwide account to first direct. Then open their RS account too.0 -
I am fairly sure that £1000 being paid in is not the money from the switch- it needs to be paid as a credit . it might qualify but I would be sending money to ensure I had complied with the t&cs.
Of course it does not need to be a lump sum either- £100 x 10 in and out again would make up the sum.Being polite and pleasant doesn't cost anything! --
Many thanks
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24 bags, 43 dog coats, 2 scrunchies, 10 mittens, 6 bootees, 8 glass cases, 2 A6 notebooks, 59 cards, 6 lav bags,36 angels,9 bones, 1 knee blanket, 1 lined bag,3 owls, 88 pyramids = total 420 total spend £5. Total for 'Dogs for Good' £546.82
2024:23 Doggy duvets,29 pyramids, 6 hottie covers, 4 knit hats,13 crochet angels,1 shopper, 87cards=163 £86 spent!!!1 -
I hope this isn't hijacking the thread, but I've got a question about the same switch. It says you can never have had a 1st Direct account to be able to switch. I had one that closed about 12 years ago - surely they can't keep personal information for that long? I'm not sure whether to try it or not.
Thanks anyone for helping.0 -
MrCreaky said:I hope this isn't hijacking the thread, but I've got a question about the same switch. It says you can never have had a 1st Direct account to be able to switch. I had one that closed about 12 years ago - surely they can't keep personal information for that long? I'm not sure whether to try it or not.
Thanks anyone for helping.
If I were switching just for the bonus I'd use a "spare" current account, especially as FD don't need DDs to be in place. OTOH, first direct seem to score well in the customer satisfaction surveys so maybe it's a keeper.2 -
Katiehound said:I would be inclined to put some more money in so it looks like a 'real' bank account!
Nowt to do with looking 'real' though. Any bank account which has progressed to the final stages of a CASS switch out process is real.0 -
WillPS said:Katiehound said:I would be inclined to put some more money in so it looks like a 'real' bank account!
Nowt to do with looking 'real' though. Any bank account which has progressed to the final stages of a CASS switch out process is real.
Or maybe I just just have a transfer balance of a few pounds, and then manually transfer £1000 in.0
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards