First Direct: £100 if you like us and £200 if you dont. - HotUKDeals
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First Direct have announced that they have reintroduced their 'old' offer of paying £100 if you open a current account with them.

This in addition to their now standard offer, where if you're not happy with First Direct after trying them for 6 months and close your account, they will give you another £100 or as they say:

That's £100 if you like us and £200 if you dont.
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8y, 10m agoFound 8 years, 10 months ago
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#1
considering they charge people £80.00 for going 14p overdrawn,am not surprised they are giving you money to join them.
#2
trisham3838
considering they charge people £80.00 for going 14p overdrawn,am not surprised they are giving you money to join them.


Are you sure that is First Direct ? - as the FD account comes with a £250 interest free overdraft..

Regards
Sunil
banned#3
i went £150 over my £500 overdraft with them

all they charged me was £25
banned#4
you have to pay in atleast £1500 a mont for this offer
#5
crispwarez
you have to pay in atleast £1500 a mont for this offer

Or pay £10 per month, making it £140 profit if you cancel after 6...
#6
Thats the idea, you have your salary paid into the account and who's going to want to change where their salary is paid after just 6 months!!! Although I must admit I am more than happy with them, now they have transferred accounts to the one account I think they have scrapped the £25 for going over your agreed limit, and its just charged at interest per day - much better system as you pay only on what you go over and should stop people claiming their unfair fees back from them!
#7
tazxxx
Or pay £10 per month, making it £140 profit if you cancel after 6...


Where does it say that?
#8
I have been charged £55 by First direct for going a few pounds after my limit. One day I went over a bit (£25 fine) the next day over a bit more so £30 fine)

This was pennies and a few pounds
#9
Get in touch and go easy with rep by telling them it was an oversight on your behalf, and I am sure they will refund the charge.
BTW be polite !!!!!!!!!!!!
:thumbsup:
#10
masterruckus
Where does it say that?


"
banking with first direct usually costs £10 a month, but it's free when you pay in at least £1,500 to your 1st Account each month, hold a selected first direct additional product, or maintain an average monthly 1st Account balance of £1,500."
#11
I have had a first direct account for just over 2 years, and had been unemployed for a few months when they decided to start charging... I panicked when I heard that I would be charged £10 a month if I didn't pay in £1k a month to my account, however I found that you can get round it...

I have a normal account (now known as 1st Account) and ALSO an online savings account. Because you are using more than one product with First Direct, you do not have to pay the charge if you are not paying enough into your 1st Account.

At the moment, I have less than £5 between the 2 accounts as I am waiting for my first payday in my new job, and I have not been charged at all :)
#12
Couldnt you just transfer your savings to this account, then put them back six months later, making £200 in the process. This is assuming you have an extra £1500 lying around and there is no problem having near to nothing in your savings account.
#13
great idea lol
#14
Can only pay £1485.68 a month. was told i had to pay the £10 fee even after i told them i was willing to transfer my isa!!!! the isa amounts to over £25000. F*** EM.

They can stick the £200 up there ****************.
#15
whyme
Can only pay £1485.68 a month. was told i had to pay the £10 fee even after i told them i was willing to transfer my isa!!!! the isa amounts to over £25000. F*** EM.

They can stick the £200 up there ****************.


All you need to do is have the normal current account called 1st Account with a £1 balance and also open the everyday e-savings account (gives the most interest 5.25% AER) and deposit at least £1 into that. If that pays more interest than any other savings account you have (not including ISA's) then you might want to transfer all your savings into that. Easy!
#16
I used my first direct account for all the banking in the last year and I've been very happy with them.... great service and great online banking.....
#17
I've been a First Direct customer for 4 years now, excellent service and very happy with them.

As for people saying about their high charges in the past, don't go overdrawn. if you spend your wages and eat up a £500 overdraft then you should start managing your finances better.
#18
Although the usual account conditions state that u can effectively 'bypass' paying your salary in by paying the £10 charge, the conditions of the second £100 (for dissatisfaction) state:

If you are a new customer we'll pay £100 per customer or joint relationship if you close your 1st Account within 12 months of opening it, as long as a salary or income of £1500 or more has been paid into that account for at least 6 months


i.e. the £1500 income necessary each month is a condition of the offer, not a general consequence of having the account..if that makes sense. Still, don't see any reason why deathtrap's idea shouldn't work.

EDIT: 1st Account T&Cs state that you aren't charged the £10 fee for the first 6 months after account opening anyway, so if you just want to go for the 'like it' £100, you shouldn't be charged any fees in the time it takes them to pay out and for you to withdraw your cash
#19
ONE QUESTION!

You dont have to pay £1500 each month right ? it wold work if you could just maintain £1500 all the way throughout right ? as in depost a £1500 and leave it there to rot ? :D
#20
I deposit more than 2k monthly and I never paid anything to the bank......
#21
alimokrane
ONE QUESTION!

You dont have to pay £1500 each month right ? it wold work if you could just maintain £1500 all the way throughout right ? as in depost a £1500 and leave it there to rot ? :D


This is the point I was getting at...the terms for avoiding the £10 charge specify that you can just maintain the £1500 balance. However, the terms of the £100 after 6 months of dissatisfaction appear to indicate that the regular payments have to have been made.

I imagine that this is because in order to not be satisfied, you really *should* have been using the account, which would normally entail having money paid in regularly...I don't know many people whose main current account has a static balance

There doesn't seem to be any reason why you shouldn't take the £1500 out each month after depositing it and redeposit the same money the following month (altho it may be worth doing it in 'chunks' staggered through the month so as not to look really dodgy). After all, that's the point of a current account, your money goes in in a chunk and then drips out over the course of the month. How are they meant to know you don't pay exactly £1500 a month rent :p
#22
I don't like them
#23
What if you pay, say £1000 at the beginning of the month, take £600 out (leaving you with £400) and then few days later put it back, making a total of £1600 deposit that month (but £1000 balance)?
#24
I would be careful - I used to work for HSBC bank for a short time and although a lot of customers had no problems with First Direct, one customer had to log a complaint and waited over 6 months before they got their joining bonus. Needless to say after then she decided to transfer elsewhere.
#25
I was one of their first customers when they opened in the 80's and remained a customer until they started charging for every imaginable service.

When I decided to move everything to the Nationwide, they didn't even ask why. I've been very happy with my new bank which offers a considerably better service with true customer focus.
#26
I have already been a customer before and I think it is only for first timers.
#27
RDA
I was one of their first customers when they opened in the 80's and remained a customer until they started charging for every imaginable service.

When I decided to move everything to the Nationwide, they didn't even ask why. I've been very happy with my new bank which offers a considerably better service with true customer focus.


Just be careful you don't go over your overdraft limit with Nationwide. I went overdrawn for a couple of hours (which happened to include the end of a business day) for the first time in about 3 years of banking with them, and they slapped a £20 charge on my account, which they have since point blank refused to refund. Most banks you would expect at least one 'freebie'.

rooban
I have already been a customer before and I think it is only for first timers.


That is correct
#28
tazxxx
"
banking with first direct usually costs £10 a month, but it's free when you pay in at least £1,500 to your 1st Account each month, hold a selected first direct additional product, or maintain an average monthly 1st Account balance of £1,500."


so are you saying that if you just open the account and dont pay any money into it, apart from an opening balance and pay the £10 charge every month thay will give you £100 and then after 6 months close the account and walk away with £140 for doing nothing?
banned#29
*Open a 1st Account and transfer your salary/income of at least £1500 within 3 months and we will add £100 to your account. This offer is only available for people who haven't yet experienced the delights of banking with first direct.
#30
Cant you put 1.5k in. Once a month you take it out and back in.

6 months after, get your 200 and see ya First Direct.
#31
I had a first direct account for over 10 years...when I stopped working and had no wages going in they wrote me a letter asking me to shut it as basically I was no use to them (putting it politely) LOL
#32
[COLOR="Red"]WELLL DONT GO OVERDRAWN!!!!!! THAT IS ALL EVERYONE IS COMPLAINING ABOUT U ********S!!!!!!!!!!!!!!!!!!!!!!!!!!11111[/COLOR]
#33
crispwarez;1415995
you have to pay in atleast £1500 a mont for this offer

Try reading it again. It says £1500 within 3 months.:roll:

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