What are your 'honest' thoughts on First Direct?
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ah23
Posts: 49 Forumite
Hi all
Those who are banking with (or have banked with) First Direct, what sets them apart from the other high street banks? Is it worth switching to them (from Halifax)? I am looking to make First Direct my new 'long term' account.
Thanks
Those who are banking with (or have banked with) First Direct, what sets them apart from the other high street banks? Is it worth switching to them (from Halifax)? I am looking to make First Direct my new 'long term' account.
Thanks
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Comments
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Two main benefits.
1. They're lovely on the phone. If you like chatting to bank staff.
2. They have a 5% regular saver.0 -
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PeacefulWaters wrote: »Two main benefits.
1. They're lovely on the phone. If you like chatting to bank staff.
2. They have a 5% regular saver.
Thanks PeacefulWaters.
Yes, customer service is key going forward. Although given that I rarely if ever go into branch (everything is done online for me).
Re the 5% saver, is this on any amount, and is the interest given monthly or annually?0 -
YorkshireBoy wrote: »Why? Or more specifically what will they give you that Halifax don't/won't? Don't say the 5% regular saver because you could have that without switching to them.
Hi YorkshireBoy,
Yeah, the 5% saver was one of the reasons - I haven't found a saver account with as good an interest rate as this thus far. The £125 switch is also another incentive.0 -
Customer service isn't much of an issue for me. Thankfully haven't had any need to speak to mine for ages and only ever in a branch if I geta cheque. I did switch one of my accounts to FD purely for the £125 and found the accounting procedure a bit dated, but went smoothly enough.0
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Customer service isn't much of an issue for me. Thankfully haven't had any need to speak to mine for ages and only ever in a branch if I geta cheque. I did switch one of my accounts to FD purely for the £125 and found the accounting procedure a bit dated, but went smoothly enough.
Thanks.
How are you finding the Mobile App and Website for transfers, checking balances etc? Is it user friendly?0 -
Thanks PeacefulWaters.
Yes, customer service is key going forward. Although given that I rarely if ever go into branch (everything is done online for me).
Re the 5% saver, is this on any amount, and is the interest given monthly or annually?
You do everything online?
Then don't use First Direct - their Online Banking page and App are terrible, especially compared to others in this day and age0 -
If you want the switching bonus/regular saver then I would suggest setting up a donor account to transfer.
I also have the 5% regular saver. Max is £300 per month for 12 months. After this I will be closing or switching elsewhere0 -
Yeah, the 5% saver was one of the reasons - I haven't found a saver account with as good an interest rate as this thus far.
Nationwide will also pay you 5% on £2.5K in one of their current accounts, albeit for only the first 12 months. EDIT: And Nationwide's 5% regular saver is far more flexible than FD's, should you need access to the cash in an emergency.
And if you do want to switch, Nationwide will also pay you (and a friend who recommends you) £100.
But as another poster above alludes, if online banking is a key factor then you'll be disappointed you left Halifax for FD (in my opinion).0
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