First Direct current account fee

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colsten
colsten Posts: 17,597 Forumite
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in Budgeting & bank accounts
From a First Direct email received today:
From 14 September 2019 we’re no longer charging £10 per month for our 1st Account – this doesn’t apply to most people anyway so we’re scrapping it.
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  • EarthBoy
    EarthBoy Posts: 3,040 Forumite
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    This was the easiest charge in the world to avoid, simply by opening a savings account with £1. Did anybody ever actually pay it?
  • Tahlullah
    Tahlullah Posts: 1,086 Forumite
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    Nope. Just opened more than one account.
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    Owed at the end of -
    02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
    07/19 - £77,500. 08/19 - £76,000.
  • 20SmthngSver
    20SmthngSver Posts: 512 Forumite
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    I have a 1st Account with £1 and a Savings Account with £1. Never paid a charge.
  • schiff
    schiff Posts: 20,099 Forumite
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    That will tidy things up a bit once the savings account balance is transferred to the 1st account :)
  • quirkydeptless
    quirkydeptless Posts: 1,219 Forumite
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    Ooh, so come September I'll have an extra £1 + interest to spend :j
    Retired 1st July 2021.
    This is not investment advice.
    Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."
  • eskbanker
    eskbanker Posts: 31,066 Forumite
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    colsten wrote: »
    From a First Direct email received today:
    From 14 September 2019 we’re no longer charging £10 per month for our 1st Account – this doesn’t apply to most people anyway so we’re scrapping it.
    They took their time formalising and communicating this, since it was mentioned in a post on here back on 23 June!
    18cc wrote: »
    From September this year First Direct will be removing the £10 monthly charge anyway although you are correct at the moment to avoid the charge simply open a savings account (Regular Saver doesn't count) and put £10 in it
  • Vortigern
    Vortigern Posts: 3,243 Forumite
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    schiff wrote: »
    That will tidy things up a bit once the savings account balance is transferred to the 1st account :)
    Keeping the everyday saver (or whatever it's called) allows slightly earlier access to the cash in your maturing regular saver.

    I suppose you could withdraw the pound but keep the account open.
  • schiff
    schiff Posts: 20,099 Forumite
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    Vortigern wrote: »
    Keeping the everyday saver (or whatever it's called) allows slightly earlier access to the cash in your maturing regular saver.

    I suppose you could withdraw the pound but keep the account open.

    I had decided that! :)
  • penners324
    penners324 Posts: 2,740 Forumite
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    You still need to pay in £1000 a month for 6 months to get the leaving bonus.
  • Rich2808
    Rich2808 Posts: 1,332 Forumite
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    Given all you needed to avoid the £10 fee was to have £1 in their everyday e-saver/savings account is this that big a change. Anyone who paid the fee each month wasn't really paying attention!
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