Switching to First Direct with donor account

155 Posts

I want to switch to First Direct to take advantage of their current switching bonus, but I want to keep my main current account, as I may apply for a mortgage within the next 6 months. I thought about setting up a donor current account in with £1000, to receive the bonus and access to their regular saver. From what I can see, First Direct suggest that just £1000 needs to be paid in, it says they will move direct debits for you, but it doesn't say there needs to be 'x' amount of direct debits.
Is this something that should work in practise?
Is this something that should work in practise?
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