£125 back on First Direct also free £250 overdraft buffer at 0% apr. Voted best bank on MSE again. Regular saver 5% upto £300 a month. One of the highest in the country
318°Expired

£125 back on First Direct also free £250 overdraft buffer at 0% apr. Voted best bank on MSE again. Regular saver 5% upto £300 a month. One of the highest in the country

42
Found 8th Mar
£125 to say hello and excellent customer service
Also regular saver upto £300 a month netting £97 in interest

1st Account

Join Britain's most recommended major bank*
Britain's most recommended major bank? You're all too kind. We're blushing... But we do try hard to make banking something worth talking about.

  • £250 interest-free overdraft
  • 24/7, 365 banking by Online, Phone and on Mobile
  • award winning customer service from real people here in the UK - no machines, no overseas call centres
  • pay in cash and cheques at HSBC branches and the Post Office®
  • switch to us and we'll give you £125**
  • and another £100*** if you decide we're not for you.

Overdraft representative example:

0% EAR variable on the first £250. 15.9% EAR variable on anything above £250 (assumed overdraft £1,200).


If you open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account, we'll top it up with £125 - it's the least we can do to welcome you on board...

This offer is limited to one payment per customer or joint account, and you'll get the money within 28 days of all criteria being met.
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42 Comments
Can anyone comment on what security is required on the APP?
Do you have to have that little device or any rubbish like that?
Chiptivo5 m ago

Can anyone comment on what security is required on the APP? Do you have to …Can anyone comment on what security is required on the APP? Do you have to have that little device or any rubbish like that?


Thankfully there's no stupid wee device- I have set mine up for one touch so really easy, first you obviously need to set up security- you need extra passcode if you access the full website but this allows you to do more, I find the app very good
Chiptivo6 m ago

Can anyone comment on what security is required on the APP? Do you have to …Can anyone comment on what security is required on the APP? Do you have to have that little device or any rubbish like that?


Fingerprint scanner. If not then keycode. The hsbc app is much better now with a phone you can produce the key codes not wit the secure key. As FD is owned by hsbc then i should imagine the same. I could be wrong though. Sure someone else will confirm
Chiptivo7 m ago

Can anyone comment on what security is required on the APP? Do you have to …Can anyone comment on what security is required on the APP? Do you have to have that little device or any rubbish like that?


The security with First direct is pretty awesome. Ok So initially you have to call them (UK call centres and they are so quick to answer is doesnt even ring!) to setup the app and the digital key but its very straight forward (had to reset the app 3 trimrs in the last month as I had to send my phone back under warranty). From there you set a separate password to that of the website However, if you have a device with a finger printer scanner, you can use that instead. Then you are ready to rock plus, you can use First Direct with Google Pay too (formally Android Pay).
I always love seeing this deal posted again. But they are a great bank so would encourage swapping over if you are looking.
Hi, I get £100 if switch. Could I switch an account that doesn't have any standing orders or Direct Debits. Is there a different link to the £125.
Thanks
Edited by: "brandlew" 8th Mar
'Also regular saver upto £300 a month netting £97 in interest'

Does that mean you have to save £300 per month for a year = £3600 to earn £97?
jasonwood99911 m ago

'Also regular saver upto £300 a month netting £97 in interest'Does that m …'Also regular saver upto £300 a month netting £97 in interest'Does that mean you have to save £300 per month for a year = £3600 to earn £97?


Yes, it’s 5% interest rate. Bear in mind that you’re saving £300 in the first month, then £600 in the second month and so on....so it’s excellent to have a return of £97 in 12 months.
brandlew1 h, 43 m ago

Hi, I get £100 if switch. Could I switch an account that doesn't have any …Hi, I get £100 if switch. Could I switch an account that doesn't have any standing orders or Direct Debits. Is there a different link to the £125.Thanks


Yes had to put that in otherwise it gets banned. If you read the bullet points. There is a link their. Click it and you get the £125 link
amz84uk11 m ago

Yes, it’s 5% interest rate. Bear in mind that you’re saving £300 in the fir …Yes, it’s 5% interest rate. Bear in mind that you’re saving £300 in the first month, then £600 in the second month and so on....so it’s excellent to have a return of £97 in 12 months.


Sorry if I'm being a bit thick here - if you're saving £3600 over the course of a year - I thought 5% of £3600 is £180 not £97.
jasonwood9997 m ago

Sorry if I'm being a bit thick here - if you're saving £3600 over the …Sorry if I'm being a bit thick here - if you're saving £3600 over the course of a year - I thought 5% of £3600 is £180 not £97.


Thats if you save £3600 for the whole year. You are saving monthly here. You only earn interest on money saved. So the first month you only earn interest on £300 then month two £600. Not the full £3600 as you would have to deposit the full amount straight away and you can't do this on this on a regular saver.

its the same as compounding. People say if you earn 10% a year on a £100 then in five years you have £150. But after the first year you would have £110 year two £121 year three £133.10 by year five you will have £161.05 as you earn interest on interest otherwise known as compounding. Best to get up with the knowhow of how interest works!
Edited by: "Anon32" 8th Mar
Anon321 m ago

Thats if you save £3600 for the whole year. You are saving monthly here. …Thats if you save £3600 for the whole year. You are saving monthly here. You only earn interest on money saved. So the first month you only earn interest on £300 then month two £600. Not the full £3600 as you would have to deposit the full amount straight away and you can't do this on this on a regular saver.its the same as compiunding. People say if you earn 10% a year on a £100 then in five years you have £150. But after the first year you would have £110 year two £121 year three £133.10 by year five you will have £161.05 as you earn interest on interest otherwose known as compounding. Best to get up with the knowhow of how interest works!


ill have to look into it - thanks
A great bank account but nationwide still offers a better overall package (slightly lower switch bonus of £100 with refer but better amounts you get 5% interest on). Also I personally have had great experience with Nationwide.
Is there any banks giving rewards for opening a new account, instead of switching??
Is this compounding thing related at all to what every single one of us not in remedial or special needs classes were taught in school in maths class for a couple of years?
about account fees....
Account Fees: 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.
apur327 m ago

about account fees....Account Fees: There is no cost for the first six …about account fees....Account Fees: 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 monthor maintaining an average monthly balance of £1,000or also having a mortgage, credit card, Personal Loan, savings (except Regular Saver), First Directory or Home insurance with us.


So if I left £1,000+ in the account from month 6 onwards and made no withdrawals there would be no £10 monthly fee?
abzolve10 m ago

So if I left £1,000+ in the account from month 6 onwards and made no …So if I left £1,000+ in the account from month 6 onwards and made no withdrawals there would be no £10 monthly fee?


Yes....
I can only see £100 not £125 for switching to First Direct, am I missing something?
smartdeals1232 m ago

I can only see £100 not £125 for switching to First Direct, am I missing s …I can only see £100 not £125 for switching to First Direct, am I missing something?


Try clicking the get deal link!
I have a current account that is totally unused, no direct debits and 0 balance. Is there anything stopping me from using this one to switch, I can pay in the £1000 pound, so I think I meet all their requirements?
thanks for the headsup on this. about time my money made some money!
jasonwood99916 h, 57 m ago

'Also regular saver upto £300 a month netting £97 in interest'Does that m …'Also regular saver upto £300 a month netting £97 in interest'Does that mean you have to save £300 per month for a year = £3600 to earn £97?


No you can put in any amount up to £300
It's still saying £100 to switch for me even when I follow the link in the bullet point. Has the £125 expired?
darthbacca378th Mar

The security with First direct is pretty awesome. Ok So initially you …The security with First direct is pretty awesome. Ok So initially you have to call them (UK call centres and they are so quick to answer is doesnt even ring!) to setup the app and the digital key but its very straight forward (had to reset the app 3 trimrs in the last month as I had to send my phone back under warranty). From there you set a separate password to that of the website However, if you have a device with a finger printer scanner, you can use that instead. Then you are ready to rock plus, you can use First Direct with Google Pay too (formally Android Pay).


I've got an android phone with fingerprint scanner and the First Direct app is the only banking app I have that doesn't use the fingerprint scanner to log in. Instead I have to enter my password each time. It's noticeably more hassle logging in than the other banks' apps which are much more straightforward.

Logging in to the website is equally inconvenient, though very secure.
Looked into this a few days ago and unfortunately am not eligible for the switching incentive as I had an ISA with them about 10 years ago. I’ve never had a current account with them but having held any type of account with them previously excludes you from getting the incentive though it doesn’t stop you opening the account.
thx
theblackbuck24 m ago

I've got an android phone with fingerprint scanner and the First Direct …I've got an android phone with fingerprint scanner and the First Direct app is the only banking app I have that doesn't use the fingerprint scanner to log in. Instead I have to enter my password each time. It's noticeably more hassle logging in than the other banks' apps which are much more straightforward.Logging in to the website is equally inconvenient, though very secure.


Not updated the app perhaps? I got a Google Pixel 2, it was also on my Nexus 5x
darthbacca379th Mar

Not updated the app perhaps? I got a Google Pixel 2, it was also on my …Not updated the app perhaps? I got a Google Pixel 2, it was also on my Nexus 5x


That's good to hear. I have automatic updates on but maybe I need to reinstall the app. Will try later. Thanks for your reply - if it was working on your 5x it should work on mine, unless Android 8.1 is the issue.
All android phones are not supported with finger print scanning. Both HSBC and FD have a list of android mobiles they support on their website

www1.firstdirect.com/1/2…app
Customer Service is just too good at the bank.
Edited by: "T2G" 9th Mar
theblackbuck8 m ago

That's good to hear. I have automatic updates on but maybe I need to …That's good to hear. I have automatic updates on but maybe I need to reinstall the app. Will try later. Thanks for your reply - if it was working on your 5x it should work on mine, unless Android 8.1 is the issue.


I say nuke and reinstall the app however, you Might have to call the call centre again to reactive the security key
abzolve13 h, 54 m ago

So if I left £1,000+ in the account from month 6 onwards and made no …So if I left £1,000+ in the account from month 6 onwards and made no withdrawals there would be no £10 monthly fee?



Most customers I suspect simply open an instant savings account and leave £1 in that. The £10 a month fee is effectively a tax on those who don't read the terms and conditions or have money to burn.
When I click the link it's saying £100. I'm missing something, right?
best bank service out there. app is easy, english poeple when you call with no wait time and easy to use website.
voice recognition is in place when calling too which is nice security.

Cannot fault them. Wouldn't leave them for a grand!
It looks like it has dropped now.
Longy6 h, 19 m ago

It looks like it has dropped now.


Still going when i click the link
Anon322 h, 23 m ago

Still going when i click the link


I only see £100 on offer?
Expired now 100
Does this require direct debits and/or a certain amount in the account to be switched over?

TIA.
Yep looks "only 100" now…
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