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  • FIRST POST
    • AnnieP6
    • By AnnieP6 6th Aug 18, 3:07 PM
    • 21Posts
    • 1Thanks
    AnnieP6
    First Direct fee conditions
    • #1
    • 6th Aug 18, 3:07 PM
    First Direct fee conditions 6th Aug 18 at 3:07 PM
    I have had my First Direct current account for six months. I know that I didnít have to pay any fee for that period. Can anyone tell me what date each month I should pay in the £1000 required? Can I transfer it back to my original account the following day? (I do not have any salary to pay in so I will have to move it from another account.)
    I usually have a balance of around £1000 but this drops about the fifth of each month when my credit card is paid off (in full!).
    I would prefer not to incur fees.
Page 1
    • Nick_C
    • By Nick_C 6th Aug 18, 3:09 PM
    • 4,314 Posts
    • 6,107 Thanks
    Nick_C
    • #2
    • 6th Aug 18, 3:09 PM
    • #2
    • 6th Aug 18, 3:09 PM
    Just open a savings account and keep a pound in it.

    The RS doesn't count.

    "There is no cost for the first six months. After that you can avoid paying the £10 monthly account fee by:

    paying at least £1,000 into the account every month
    or maintaining an average monthly balance of £1,000
    or also having a mortgage, credit card, Personal Loan, savings (except Regular Saver), First Directory or Home insurance with us."
    • Willing2Learn
    • By Willing2Learn 6th Aug 18, 3:12 PM
    • 1,585 Posts
    • 1,207 Thanks
    Willing2Learn
    • #3
    • 6th Aug 18, 3:12 PM
    • #3
    • 6th Aug 18, 3:12 PM
    Can anyone tell me what date each month I should pay in the £1000 required? Can I transfer it back to my original account the following day?
    Originally posted by AnnieP6
    I just pay in once a calendar month. The £1000 only stays in the account for less than a minute, as I transfer it out straight away.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • AnnieP6
    • By AnnieP6 6th Aug 18, 3:26 PM
    • 21 Posts
    • 1 Thanks
    AnnieP6
    • #4
    • 6th Aug 18, 3:26 PM
    • #4
    • 6th Aug 18, 3:26 PM
    Thank you. I hadnít realised I could do that!
    • enthusiasticsaver
    • By enthusiasticsaver 6th Aug 18, 10:27 PM
    • 7,185 Posts
    • 15,612 Thanks
    enthusiasticsaver
    • #5
    • 6th Aug 18, 10:27 PM
    • #5
    • 6th Aug 18, 10:27 PM
    I do as Nick suggested above. Open a flexible saver with minimal amount then you don't have to worry about putting £1k in each month and taking it out again.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
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