First Direct switch questions.

[Deleted User]

Hello.

I opened a FD account on the 9th and started a switch on the 15th with a completion  date on 29th.
Should l wait until the switch is completed  before depositing £1000 or can l do it now before 29th?

Also because lve started the switch if the offer is withdrawn  would FD still honour the promotion?

I've already  put some money into the account  via the post office(£10)  just to see if the card and account  were working and done one transaction  in  local shop.

Nasqueron

1) What do the switch terms say - pay in after switch completes? 
2) Yes, if you started the switch while the promotion was running

Andrea15

I was lookiing into that. The blurb reads:

To get the £175 cash offer, you need to switch your everyday banking to us using the Current Account Switching Service, including at least 2 Direct Debits or standing orders. Then pay in £1,000, make 5+ debit card payments, and log on to digital banking, within 30 days of your account opening. Your card transactions can be made in-store or online, and could be from your digital wallet or using your actual card.

The way I read it is that if you open your account you have 1 month from the date of opening, i.e. till Aug 15th in your case, to do all of the above.

(Emphasis is mine!)

[Deleted User]

Nasqueron said:

1) What do the switch terms say - pay in after switch completes? 
2) Yes, if you started the switch while the promotion was running

I'm still waiting for the t&c to appear on the app.
OK thank you for the reply.

[Deleted User]

Andrea15 said:

I was lookiing into that. The blurb reads:

To get the £175 cash offer, you need to switch your everyday banking to us using the Current Account Switching Service, including at least 2 Direct Debits or standing orders. Then pay in £1,000, make 5+ debit card payments, and log on to digital banking, within 30 days of your account opening. Your card transactions can be made in-store or online, and could be from your digital wallet or using your actual card.

The way I read it is that if you open your account you have 1 month from the date of opening, i.e. till Aug 15th in your case, to do all of the above.

OK, thank you.
That's helpful. 

Andrea15

What I am not clear about is in what standing your account should be. The way I read it is that you deposit 1K and in theory you can withdraw it immediately as it doesn't say you have to be above a certain threshold.
The same with the DD.

[Deleted User]

Andrea15 said:

What I am not clear about is in what standing your account should be. The way I read it is that you deposit 1K and in theory you can withdraw it immediately as it doesn't say you have to be above a certain threshold.
The same with the DD.

Well l was planning  on keeping the cash in the account  to open the RS later anyway but  l suppose  you could transfer  it straight back out again.

Andrea15

What is the RS?

Andrea15

Ah, I made a mistake. I think your deadline for all your transactions is Aug 8 (not really difficult to use the card 4 more times, though)

[Deleted User]

Andrea15 said:

What is the RS?

Regular saver 

[Deleted User]

Andrea15 said:

Ah, I made a mistake. I think your deadline for all your transactions is Aug 8 (not really difficult to use the card 4 more times, though)

No worries.