First Direct Bank now offering £125 to switch your current account to them and £100 to leave if you don't likey, also £25 cash added to your account when you take out their Credit Card
956°Expired

First Direct Bank now offering £125 to switch your current account to them and £100 to leave if you don't likey, also £25 cash added to your account when you take out their Credit Card

274
Found 1st Apr 2015
As above -

First Direct Bank now offering £125 to switch your current account to them and £100 to leave if you don't likey, also £25 cash added to your account when you take out their Credit Card.

Potentially £250 to be made but I can almost guarantee if you move your banking them you won't be disappointed, IMO they are one of the best banks going for not only their Mortgages but also their Customer Service.

Please note - to avoid their £10 monthly account fee - open a savings account and put £1 in. The will waive this fee if you have any other product with them.

Current Account
1st Account
Banking with the UK's most recommended bank*
£250 free of overdraft interest
beautifully designed Internet Banking service
award winning customer service from real people answering your calls, 24 hours a day, seven days a week
mobile banking on the go with our app for iPhone, Android and iPad
switch your current account to us and we'll give you £125**
comes with our satisfaction guarantee - if you're not happy we'll give you £100***
you'll also get an extra £25 if you apply for and use one of our credit cards†. Representative 18.9% APR variable.

Each cashback has additional terms which should be noted as several comments from people believe they can open and close the account almost instantly.

The initial £125 requires paying in at least £1000 over the first 3 months so you will need to keep the account open for at least 4 months (as the cash payout takes up to 28 days after meeting the criteria). The additional £100 requires paying in £1000 per month for 6 months, then contacting them for the payout before closing ALL accounts with First Direct. So to get both you need to pay in £1000 per month (you can transfer it back out again), have the account open for at least 6 months and contact them to claim and then close all accounts with them within 12 months.
- nige182

Sorry may have misread the £125 term, presumably you meet the criteria as soon as you pay in £1000 so if you do this as part of the current account switch which takes something like 7 working days, then you only need to keep the account open for a further 28 days (or until the cash is paid which should be at most 28 days), so you would only need to keep the account open for approx 6 weeks for the initial £125 cashback.
- nige182

274 Comments

First Direct you suck!

Now gimme £225 oO
Crazy

Possible £250 for not a lot of work - great deal

How many times can you switch X)

hmm tempting currently with Halifax, and enjoy my 5 pound a month with cashback extras however first direct 125 quid sounds very tempting

Chanchi32

Possible £250 for not a lot of work - great deal


Oh, I didn't read the additional £25.

Daft deal.

Brilliant find maccy! Heat +

Original Poster

FantasyDeals

How many times can you switch X)



Well I've lost count FD X)

Original Poster

Chanchi32

Possible £250 for not a lot of work - great deal

NinurtaEnki

Brilliant find maccy! Heat +



By daft you mean a great deal X)





Thanks Ninurta

U have to pay £10 monthly fee or pay in £1000 a month

Don't likey oO
How does that work maccy X)

Original Poster

thewongwing101

Don't likey oOHow does that work maccy X)



You turn off your light... X)

How easy is switching these days, considering the amount of direct debits I have.

Worth noting that there are fees of £10 per month for the account unless you meet their criteria for fee free, so beware.

Also, the link provided only says £100 for switching now, £100 if you leave and £25 for credit card.

Original Poster

xxclarexx15

U have to pay £10 monthly fee or pay in £1000 a month



It's aimed at most putting their salary in but you can always get around this by just transferring in £1k and then setting up a standing order to place it back in the account it came out of, it's a doddle to do

Great intro offer, but what is so good about them to stick with them compared with...

Halifax - £5 a month
Nationwide Flexaccount - Free Europe travel insurance
Santander 123 - 3% interest on £3K - £20K

First Direct are part of HSBC and I'd rather avoid them after they helped all those rich people hide their money from the tax man in Switzerland.

Original Poster

Matty8787

How easy is switching these days, considering the amount of direct debits … How easy is switching these days, considering the amount of direct debits I have.



It's one of the easiest switches ever they have the best CS, I did it years ago when it was £100 but I've applied for the Credit Card to get the £25, may as well it's free money.


ToxicNeo

Worth noting that there are fees of £10 per month for the account unless … Worth noting that there are fees of £10 per month for the account unless you meet their criteria for fee free, so beware.Also, the link provided only says £100 for switching now, £100 if you leave and £25 for credit card.



It's taking me to the £125 offer but please see 1st post it is £125.

Nationwide's customer service is good too, and you can walk into a branch and speak to someone.

Original Poster

MarkShopper

Great intro offer, but what is so good about them to stick with them … Great intro offer, but what is so good about them to stick with them compared with...Halifax - £5 a monthNationwide Flexaccount - Free Europe travel insuranceSantander 123 - 3% interest on £3K - £20KFirst Direct are part of HSBC and I'd rather avoid them after they helped all those rich people hide their money from the tax man in Switzerland.



That's the thing, if you're not happy with them leave and get £100 for your trouble

Their mortgage rates are 2nd to none and also if you take out a mortgage there is no £10 monthly fee.

once!

I currently have 3 different accounts with the same bank. As I am happy with my bank, could I potentially switch one of these accounts over just to get the £125 and then close it pretty much straight away to get the other £100?

If free money doesn't go scorching I don't know what will

Original Poster

Bluedusk

If free money doesn't go scorching I don't know what will



http://media.giphy.com/media/Kerg053G7ZJUQ/giphy.gif

X)
Edited by: "maccy1" 1st Apr 2015

maccy1

That's the thing, if you're not happy with them leave and get £100 for … That's the thing, if you're not happy with them leave and get £100 for your trouble :)Their mortgage rates are 2nd to none and also if you take out a mortgage there is no £10 monthly fee.



I might just do that.

I know their mortgages are pretty good, as are Nationwide's, I just am not sure there are many benefits to the bank accounts itself over some rivals.

I have two current accounts, one I use with lloyds and one I don't with nationwide, can I use the one I don't use with nationwide to be closed?

maccy1

X)


I clicked

Original Poster

MarkShopper

I might just do that. :)I know their mortgages are pretty good, as are … I might just do that. :)I know their mortgages are pretty good, as are Nationwide's, I just am not sure there are many benefits to the bank accounts itself over some rivals.



Well, in my (one eye) you've nothing to lose, it's a lot of money for such a little effort

Original Poster

chazziee

I have two current accounts, one I use with lloyds and one I don't with … I have two current accounts, one I use with lloyds and one I don't with nationwide, can I use the one I don't use with nationwide to be closed?



Yes you can, all you need to do to avoid the £10 a month fee is transfer £1k a month from your main account then back out again, but again you can always leave and get the other £100 for doing so

Original Poster

Bluedusk

I clicked



X)

maccy1

It's taking me to the £125 offer but please see 1st post it is £125.



You might want to put a correct link in to £125 then. I can't find it.

And you should also post the full T&Cs as your last comment is not correct.

Edited by: "LesD" 1st Apr 2015

I have two current accounts, one I use with lloyds and one I don't with nationwide, can I use the one I don't use with nationwide to be closed?

Original Poster

LesD

You might want to put a correct link in to £125 then. I can't find it.



Sorry if it's not taking you there, not sure how to sort the link as it's taking me to the £125, it's there to be had though as in the 1st post.

Original Poster

LesD

You might want to put a correct link in to £125 then. I can't find … You might want to put a correct link in to £125 then. I can't find it.And you should also post the full T&Cs as your last comment is not correct.



Current Account
1st Account
Banking with the UK's most recommended bank*
£250 free of overdraft interest
beautifully designed Internet Banking service
award winning customer service from real people answering your calls, 24 hours a day, seven days a week
mobile banking on the go with our app for iPhone, Android and iPad
switch your current account to us and we'll give you £125**
comes with our satisfaction guarantee - if you're not happy we'll give you £100***
you'll also get an extra £25 if you apply for and use one of our credit cards†. Representative 18.9% APR variable.

maccy1

Current Account1st AccountBanking with the UK's most recommended … Current Account1st AccountBanking with the UK's most recommended bank*£250 free of overdraft interestbeautifully designed Internet Banking serviceaward winning customer service from real people answering your calls, 24 hours a day, seven days a weekmobile banking on the go with our app for iPhone, Android and iPadswitch your current account to us and we'll give you £125**comes with our satisfaction guarantee - if you're not happy we'll give you £100***you'll also get an extra £25 if you apply for and use one of our credit cards†. Representative 18.9% APR variable.



Try this for size.............

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.

Don't have a first direct bank near me, who do I pay my money to?

LesD

Try this for size.............Is there a charge to bank with first … Try this for size.............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.



Just open a First Direct Savings account with £1 to waive the fee.

old crappy account with £20 in switched to first direct account.. thanks!

Original Poster

LesD

Try this for size.............Is there a charge to bank with first … Try this for size.............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.



I think I've pretty much answered that in my previous posts, most people would be happy to move their account (please remember that not everyone has 3k in their account to obtain a 3% interest rate that the likes of Santander give) and would be quite happy to move their bank from which they maybe be getting very little for their money.

Bottom line, if you've an account that pays next to nothing and you have your wage paid in every month and it's at least 1k, you may as well move to 1st Direct and get your £125 and if you don't like it, move along and get £100 for leaving.


Edited by: "maccy1" 1st Apr 2015

Original Poster

Chanchi32

Just open a First Direct Savings account with £1 to waive the fee.



Nail and head, thanks chichi
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