£125 First Direct Switching Bonus is BACK! - HotUKDeals
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£125.00 First Direct Switching Bonus is BACK!

£125.00 @ First Direct
It's BACK! £125 switching bonus from First Direct. First Direct has been voted numerous times in a row as the best bank by MSE, and it's even better (again) with another £25 on top of it's normal £…
MJ10 Avatar
2y, 2m agoFound 2 years, 2 months ago
It's BACK! £125 switching bonus from First Direct.

First Direct has been voted numerous times in a row as the best bank by MSE, and it's even better (again) with another £25 on top of it's normal £100 switching bonus!

Open a 1st Account then switch your banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of your account opening and we'll add £125 to your account.

To keep the account free (usually £10/m), you need to pay in a minimum of £1,000 per month (equivalent to a £13,300 pre-tax salary), OR you can open a First Direct Savings account with £1 to waive the fee.

Plus £500 overdraft limit with the first £250 free of overdraft interest.

Don't like the account? Get £100 when you leave!
"We're so certain that you'll enjoy our service better than anyone else's, if you're not happy banking with first direct after six months, and within twelve months, we'll help you move banks and give you £100 for your trouble."

*Happy to move around a bit to earn £225? Thanks to "Hashman" for this:
Sign up to the Halifax switching bonus (see here: http://www.hotukdeals.com/deals/potential-260-100-halifax-switching-bonus-40-quidco-5x2-pcm-after-tax-2112130)
Stay long enough to receive your bonuses, then switch to First Direct!
Total payout over a few weeks = £225. You may be lucky and get the £40 Quidco too!*
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MJ10 Avatar
2y, 2m agoFound 2 years, 2 months ago
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Top Comments

(3)
22 Likes
slamukdeals
Was going to sign up until I saw this:

Is there a charge to bank with first direct?
Banking with first direct usually costs £10 a month, but you will not be charged this fee for the first six months from account opening, when you pay in at least £1,000 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,000, or you hold a selected first direct additional product. Take a look at our interest rates and charges for more details of other additional products.

So I assume you will get charged after the 1st 6 months?

Open an Everyday e-Saver and stick £1 in it.

No charges.
12 Likes
I don't understand why everyone says they are an amazing bank. They haven't done anything out of the ordinary since I signed up just like the rest of my banks the only difference is I had to call them to set it all up and was on the phone for 40 minutes.

What does the fee even go towards? They offer no perks.
9 Likes
I have been with FD since the 90's and they are excellent. Their UK call centre almost always answers the phone within 2 rings and when passed about to other departments they have already spoken to their colleague so you rarely have to repeat yourself.

Their implementation of the secure digital key though is absolutely woeful, especially compared to other banks and their app quality on Android is terrible. I currently have limited online access as the app on the Nexus 5 (lollipop) crashes when trying to perform the second stage of the registration.

All Comments

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1 Like #1
Do you know if you need any Direct Debits to switch to this account ... I don't actually have any!
Thanks :)
#2
Is it just £1,000 total paid in, or £1,000 each month for 3 months? Good deal though.
1 Like #3
No direct debits needed
To keep the account free, you need to pay in a minimum of £1,000 per month (equivalent to a £13,300 pre-tax salary), and you must switch using First Direct's switching service.

Edited By: MJ10 on Jan 08, 2015 10:55
4 Likes #4
MJ10
No direct debits needed
To keep the account free, you need to pay in a minimum of £1,000 per month (equivalent to a £13,300 pre-tax salary), and you must switch using First Direct's switching service.

From memory i think if you have one of the products they offer ie savings account isa credit card etc and dont pay in £1000.00 a month the account is still free.
I dont pay in £1000.00 a month but have a regular savings account with them which pays quite good interest and no charges.
Hope this info helps you decide.

If you join first direct you will never change banks again they are that good.
9 Likes #5
I have been with FD since the 90's and they are excellent. Their UK call centre almost always answers the phone within 2 rings and when passed about to other departments they have already spoken to their colleague so you rarely have to repeat yourself.

Their implementation of the secure digital key though is absolutely woeful, especially compared to other banks and their app quality on Android is terrible. I currently have limited online access as the app on the Nexus 5 (lollipop) crashes when trying to perform the second stage of the registration.
#7
Was going to sign up until I saw this:

Is there a charge to bank with first direct?
Banking with first direct usually costs £10 a month, but you will not be charged this fee for the first six months from account opening, when you pay in at least £1,000 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,000, or you hold a selected first direct additional product. Take a look at our interest rates and charges for more details of other additional products.

So I assume you will get charged after the 1st 6 months?
22 Likes #8
slamukdeals
Was going to sign up until I saw this:

Is there a charge to bank with first direct?
Banking with first direct usually costs £10 a month, but you will not be charged this fee for the first six months from account opening, when you pay in at least £1,000 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,000, or you hold a selected first direct additional product. Take a look at our interest rates and charges for more details of other additional products.

So I assume you will get charged after the 1st 6 months?

Open an Everyday e-Saver and stick £1 in it.

No charges.
12 Likes #9
I don't understand why everyone says they are an amazing bank. They haven't done anything out of the ordinary since I signed up just like the rest of my banks the only difference is I had to call them to set it all up and was on the phone for 40 minutes.

What does the fee even go towards? They offer no perks.
#10
Done this switch last year and had no problems, switched away from them after 11 months though as they offer £100 if you leave too, didn't leave due to any problems and some people say they are an excellent bank but ive never had to call them so cant really evaluate customer service aspect of things

If you open their savings account along with a current account then you won't be charged any monthly fee either.
1 Like #11
I've tried switching to this bank in the past and it's been a lot of hassle as there are no branches so everything has to be done via post.
1 Like #12
Been with them 15 years.....I cannot fault them.
1 Like #13
Amazing bank. We switched last year from Natwest and it was like a breath of fresh air. So easy and friendly.

Even when ran into problems they did everything they could until it was solved.
3 Likes #14
kaney1967
I've tried switching to this bank in the past and it's been a lot of hassle as there are no branches so everything has to be done via post.

You can pay in at HSBC branches
#15
new non previous customers only. I guess I don't qualify as I closed my account in 1993?
1 Like #16
kaney1967
I've tried switching to this bank in the past and it's been a lot of hassle as there are no branches so everything has to be done via post.


kaney1967
I've tried switching to this bank in the past and it's been a lot of hassle as there are no branches so everything has to be done via post.

Also Post Offices.

:)
#17
How do you pay money in with them and does it have to be your main bank account?
1 Like #18
I really wouldn't recommend them. Moved from Natwest and regret it!

The online banking is a nightmare worst I've used both the app and the website. lost count how many times I've gone to login and its given some error such as "something went wrong" and so have to go through it all again.

Now to login into the website for full banking you have to use your mobile and login on that to produce a code which you enter on the website!

Finally needed to change my address last month. Natwest & Santander simply logged in and changed it myself but First Direct i had to call up and get it changed! Worst part is i called up the other day only to find out my address hadn't been changed when i requested it!!!

Personally would go over to Santander 123 brilliant account, Great App and so far best service out of any bank I've been with.
#19
slamukdeals
Was going to sign up until I saw this:

Is there a charge to bank with first direct?
Banking with first direct usually costs £10 a month, but you will not be charged this fee for the first six months from account opening, when you pay in at least £1,000 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,000, or you hold a selected first direct additional product. Take a look at our interest rates and charges for more details of other additional products.

So I assume you will get charged after the 1st 6 months?

From the FD website:

You will not have to pay the Banking fee:
•for the first six months following account opening
•for any month in which you: •pay into your account* (other than by internal transfer from another first direct account) a minimum of £1,000 or you maintain an average monthly balance on your account* of £1,000 (month means calendar month and we will work out the average monthly balance by adding together the end of day balances for each day during the month and dividing the sum by the number of days in the month) or
•hold a first direct mortgage, credit card, personal loan, savings account (*excludes Regular Saver Account), First Directory, or first direct car or home insurance policy




Edited By: mjayna270 on Jan 08, 2015 11:50
4 Likes #20
drago773
I don't understand why everyone says they are an amazing bank. They haven't done anything out of the ordinary since I signed up just like the rest of my banks the only difference is I had to call them to set it all up and was on the phone for 40 minutes.

What does the fee even go towards? They offer no perks.

Avoid the fee and get:

- Good customer service.

- 6% regular saver.

- Hassle free phone number with no option selection menus, easy/simple security verification and open 24/7.

- £125 switch incentive.
2 Likes #21
gave them a go and switched back, horrendous online banking
#22
kaney1967
I've tried switching to this bank in the past and it's been a lot of hassle as there are no branches so everything has to be done via post.

If you currently rely on Branches to do your banking or prefer the traditional face to face bank manager relationship, then first direct are probably not for you. The switching process was straightforward for me. Did not need to visit a branch at all.

I do all my banking online and on the odd occasion i receive a cheque as birthday gift or whatever, you can pay it in at any HSBC branch. If you need to speak someone, they are on the end of the phone and are generally very good
#23
drago773
I don't understand why everyone says they are an amazing bank. They haven't done anything out of the ordinary since I signed up just like the rest of my banks the only difference is I had to call them to set it all up and was on the phone for 40 minutes.

What does the fee even go towards? They offer no perks.
No speaking to a Machine, English call centre and they are on the ball. Sorry but this is such a massive perk for me. Especially with my recent run ins with Barclays and BT
#24
Switched to them around 13 or 14 months ago - can't fault them. Always very easy to deal with over the phone and as others have said, HSBC branches allow you to pay money in. iPhone app is yet to let me down, either... Apple > Android.

Can open, worms all over the place!
2 Likes #25
I can't praise First Direct highly enough. Switched to them years ago to get the £100, then left to get another £100, but ultimately returned to them as no other bank comes close to them on customer service IMHO.

Call them 24/7/365: one ring & through to incredibly helpful & courteous people in their UK call centre (no IVR or menu options to navigate). This is what banking should be like.

And no: I don't work for them.
#26
I left them due to an immense mess they made of my savings and and current accounts and won't go back due to the terrible customer services issues I had, they may be there every day with hi's and bye's but when things go wrong the nicey nicey disapears
#27
Awesome bank been with them from this offer last year and wont leave.
#28
this is a great deal if you want a new current account for your salary to pay into. Then transfer the minimum into another account that gives interest annually. A few good ones out there
#29
Looking to setup a new joint account, we would like the following:

1. Individual statements for myself and my wife, to make it easier to account for all expenditure.
2. Ability to download statements into third party software. (currently with HSBC, and this is not possible with them)

Could First Direct satisfy these requirements?
#30
How long does this offer run for?
#31
100% good retail bank. 17 years, when they made one small cock up, they sent me a bottle of wine!
#32
I had to chase First Direct to get my switching bonus weeks after the eligible period had gone by. If you do switch to them, don't forget to make sure they pay the bonus!
#33
What about £385 if you don't mind switching a little from your current account says RBS, HSBC or something to First Direct and then Move from First Direct to Halifax's Reward Account

Move to First Direct ... get your £125 ... then leave and get your £100 then switch it to Halifax Reward account and earn £100.
£125 + £100 + £100 = £325 Boom.

PLUS pay in £750+ pcm to Halifax, stay in credit and have 2 direct debits in place to receive a further £5 per month AFTER tax! So potentially £60 on top Making it £385 of free money :)

*Happy to move around a bit to earn £225? Thanks to "Hashman" for this:
Sign up to the Halifax switching bonus (see here: http://www.hotukdeals.com/deals/potential-260-100-halifax-switching-bonus-40-quidco-5x2-pcm-after-tax-2112130)
Stay long enough to receive your bonuses, then switch to First Direct!
Total payout over a few weeks = £225. You may be lucky and get the £40 Quidco too!*
#34
this would be good fun if there wasn't a risk of affecting your credit records
#35
Good bank.

Only negative is the online changes they've made recently, absolute ball ache to sign into anything now.
1 Like #36
£150 for Yorkshire Bank

Better deal if you dont want to leave within 12 months

http://www.ybonline.co.uk/personal/current-accounts/compare/

http://www.ybonline.co.uk/personal/current-accounts/switch-offer

Voted ?????

Edited By: WiggyDiggyPoo on Jan 08, 2015 12:41
#37
Made the switch a few years ago and am glad I did - their phone support is great.
#38
Is this £125 dependant on paying in £1000 every month?

I can keep the balance over £1000, but can't pay in a new £1000 each month, my money goes elsewhere.

Thanks.
#39
RockyRobin
Good bank.

Only negative is the online changes they've made recently, absolute ball ache to sign into anything now.

To be fair, a number of other banks already required the 'secure key' process to log on. fd are just catching up

I use my iphone as the secure key device, saves me having to carry those little calculator devices that the other banks give you around.
#40
I've been a member since the bank was formed (transferred from the Midland Bank) and have never considered leaving due to their excellent customer service.

The 6% regular saver for existing customers beats a lot of ISA savings accounts.

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