First Direct query

Gymgenius

Well I've made my mind up - I'm sticking with them. I've already opened 'everyday e-saver' and a 'regular saver' accounts, linked to my First account - and have started the slow transfer of all my SOs and DDs.

I am very impressed with this bank. Very.

SuiDreams

So far I only have a favourable impression of them, very helpful on the phone. Internet banking looks good and they seem very efficient with the Transfer of DD's and Standing Orders.

clio

Y/B Or Anyone what does BGC stands for?? my statements says BDC " Companys Name".

YorkshireBoy

BGC = "Bank Giro Credit"

BDC = "Bank Direct Credit" (I think?)

clio

Yeah Bank Direct Credit is BDC whats a Bank Giro Credit ??

YorkshireBoy

http://www.apacs.org.uk/resources_publications/glossary.html

clio

Was allready reading info from APACS. i understand now .

monstercop

david1976 wrote: »

The lady told me that the £1500.00 per month has to come through a BACS payment from a verifiable employer.

Surely there are employees who are paid cash to this level - this precludes them if this is the case?

david1976 wrote: »

She also stated that to get around the monthly fee all i had to do was open a savings account with them.

The T&Cs suggest that there would be a monthly charge, but this is waived by the payment of £1500 monthly.

Is the conclusion to this that you MUST get salary paid by BACS (not payment as wages as cash), and that there must be some 'normal' account activity, namely direct debits / standing orders?

eaustin

I opened an account and my salary (>£1,500) was paid in on 20 March. I transferred most out and have put a couple of other transactions through the account. Should I expect the £100 to be credited after my third salary?

YorkshireBoy

eaustin wrote: »

I opened an account and my salary (>£1,500) was paid in on 20 March. I transferred most out and have put a couple of other transactions through the account. Should I expect the £100 to be credited after my third salary?

The 28 days are up this coming Thursday 17th April.