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First Direct: £125.00 if you switch and stay, £225 if you switch and leave

marathonicmarathonic

First Direct consistently offer £100 for those who switch their current account to them and meet their 'primary account requirements'.

About once or twice a year, it increases to £125 - which I've been waiting for.

This increase has just happened. This is the first time it's been this high since the funding requirement was dropped from £1500 per month to £1000 per month.

The £225 if you switch and leave is related to the extra £100 you get if you are unhappy with the bank and leave - from what I've been reading online, most people stay.

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All Comments (224)

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    Tallyho
    karlie88
    komi
    Charge £10 a month if you don't pay in £1500 a month



    simonmag70
    From website: 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.



    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    Or open an Everyday e-saver and stick £1 in it; that way you avoid the £10 fee.

    ;)


    By opening this e-saver then does that allow you to pay in less than £1000 per month wages & not pay the £10 fee becuase of this ?
    m5rcc
    Tallyho
    karlie88
    komi
    Charge £10 a month if you don't pay in £1500 a month



    simonmag70
    From website: 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.



    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    Or open an Everyday e-saver and stick £1 in it; that way you avoid the £10 fee.

    ;)


    By opening this e-saver then does that allow you to get paid in less than £1000 per month wages & not pay the £10 fee ?


    Yes
    Tallyho
    m5rcc
    Tallyho
    karlie88
    komi
    Charge £10 a month if you don't pay in £1500 a month



    simonmag70
    From website: 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.



    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    Or open an Everyday e-saver and stick £1 in it; that way you avoid the £10 fee.

    ;)


    By opening this e-saver then does that allow you to get paid in less than £1000 per month wages & not pay the £10 fee ?


    Yes


    Thanks for that, time to change methinks.
    greencode
    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    No you don't have to pay £10 per month. You pay £10 per month if you fail to pay the £1000 in each month or don't hold another product i.e. e-Saver.
    solsurf
    great service, changed my mortgage and bank account, I doubt I would ever leave, shame they don't do a business account, hot
    Shuggy7
    I had a savings account 7 years ago for one year and when I tried to get this they said you've had an account with us before. daft that they take savings that long ago into account. any idea of a way around it cause I'd love FD account just not worth hassle without the bonus. hot deal
    greencode
    Tallyho
    m5rcc
    Tallyho
    karlie88
    komi
    Charge £10 a month if you don't pay in £1500 a month



    simonmag70
    From website: 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.



    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    Or open an Everyday e-saver and stick £1 in it; that way you avoid the £10 fee.

    ;)


    By opening this e-saver then does that allow you to get paid in less than £1000 per month wages & not pay the £10 fee ?


    Yes


    Thanks for that, time to change methinks.


    But remember to get the £125 you need to pay in £1000 a month for the first 3 months.
    termin8r
    Been with First Direct since 1998. Way ahead of their time they continue to show others how it should be done. Despite them not having branches in Northern Ireland (Belfast excepted) I would not hesitate to join them again even without a cash incentive. Hot!
    Singhsa
    Good deal for those looking to switch!
    m5rcc
    termin8r
    Been with First Direct since 1998. Way ahead of their time they continue to show others how it should be done. Despite them not having branches in Northern Ireland (Belfast excepted) I would not hesitate to join them again even without a cash incentive. Hot!


    Branches?
    rheumatoid
    would you get 2 lots of £125 if you switch a personal and a joint account?
    webjames
    If i've already switched, but haven't got my payment yet do you think they'll give me the new rate?
    A13
    greencode
    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    No you don't have to pay £10 per month. You pay £10 per month if you fail to pay the £1000 in each month or don't hold another product i.e. e-Saver.


    Exactly. £1k a month isn't exactly a lot anyway!
    lisaenglish71
    Do they offer any of the insurance products? Currently paying £15 fee every month to Nat West, no probs with them but tempted to switch for £125 bonus. I like having the peace of mind of travel insurance/breakdown cover though??
    LFCAW
    I'm shocked. I earn well over a 1000 a month, and have a very good credit rating, and I've been knocked back for this ? :/
    Tallyho
    greencode
    Tallyho
    m5rcc
    Tallyho
    karlie88
    komi
    Charge £10 a month if you don't pay in £1500 a month



    simonmag70
    From website: 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.



    puzl
    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.


    You actually have to pay the bank £10/month just to use them? **** that.


    Or open an Everyday e-saver and stick £1 in it; that way you avoid the £10 fee.

    ;)


    By opening this e-saver then does that allow you to get paid in less than £1000 per month wages & not pay the £10 fee ?


    Yes


    Thanks for that, time to change methinks.


    But remember to get the £125 you need to pay in £1000 a month for the first 3 months.


    I wasn't aware of that but I can cover it anyway.

    I want to try a better bank than my current building society who used to be for the member but now just screw us.
    Anarchist
    Looks like they have a great rate on a 5 year fee free mortgage as well. Tempted...!
    solsurf
    lisaenglish71
    Do they offer any of the insurance products? Currently paying £15 fee every month to Nat West, no probs with them but tempted to switch for £125 bonus. I like having the peace of mind of travel insurance/breakdown cover though??


    Its called first directory covers travel, phone, breakdown cover and free abroad money withdrawals
    circuit
    Word of warning. My husband and I both opened accounts last time this offer was on. We also asked for a joint account. They only gave us one bonus (to the joint account) and refused to budge when we queried it.

    In answer to a question above - the First Directory package seems pretty good for £15/month. We have it on the joint account and it covers both of us for breakdown, iPhones, travel etc. The travel insurance even covered me in late pregnancy - not many do.
    shamballabracelet395
    m5rcc
    ukpostgrad
    marathonic
    m5rcc
    Is the bribe provided from the proceeds of laundered money?


    So you voted down the deal because you think First Direct are laundering money so that they can pay us to switch our account to them?
    there r always some bunch ofmoaners on this website


    Who's moaning?! I'm stating a fact.


    Yes of course you are

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