You can open the Current Account at any branch of our Bank spread across the country. familiarise yourself with the latest version. First Direct’s exchange rate was collected from First Direct’s website on 20/11/2018. © Moneysupermarket.com Ltd 2020. **Please note that FirstCurrent Business is a non-borrowing account**. 211 posts. Your saved Payee details will also be transferred over. After three months, this fee will be at the full rate. Please note, the following products are not regulated by the FCA; travel money, legal services, mobile phones, money transfer, broadband, energy (excluding boiler cover) and travel services (excluding travel insurance and car hire excess insurance). You might have to pay an Early Repayment Charge if you fully repay your mortgage early. Wondering how we work with our partners, and how we make money? first direct … Rates and charges. *Representative example (assumed overdraft £1,200): 0% EAR variable on the first £250, 15.9% EAR variable thereafter. Excess on debit turnover limit attracts a default account maintenance charge at N1/mille. To get the best experience when using our website we recommend that you enable JavaScript in your browser. The process is the same everywhere so you can feel confident when you switch, no matter which participating bank or building society you choose. A great way to see all your options is by comparing current accounts on MoneySuperMarket, where you’ll be able to browse through offers from different providers and look at what they offer – including their overdraft facilities, the interest rate they might pay on your balance, or the rewards they offer. The Current Account Switch Guarantee means that your new bank takes care of closing your old account, moving your balance and switching your payments. First Direct current account charges? First Direct was set up as a bank in 1997 and is known for providing telephone and online banking services to consumers. You can get more details on how we work and how we get paid here. Skip to . First direct are a division of HSBC UK Bank plc, who are authorised and regulated by the Prudential Regulation Authority, as well as being regulated by the Financial Conduct Authority. Balance Transfer fee of 2.29% (min £5) will be charged for each transferred balance made within three months of opening your account. † † Lines are open Mon to Fri 8am to 9pm and Sat 8am to 5.30pm. If you take a Fixed Rate Mortgage and you repay the whole of your mortgage during the Fixed period, an Early Repayment Charge will be charged at 3% of the original mortgage amount during the first year and 2% of the original amount if the mortgage is closed after that during the Fixed Rate Period. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. 11 October 2010 at 12:20PM edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts. First Direct offer one current account product, known as a 1st Account, and it comes with a variety of features and optional add-ons. At the moment, the bank charges a £10/mth fee on the account after you've had it for six months, though you can avoid paying this by doing at least one of the following: Paying in at least £1,000/mth (equivalent to an annual salary of £12,500). This score is made up of the combination of the digital services a bank offers. So you don't need to worry. Their current account comes with fantastic benefits, an overdraft facility and satisfaction guarantee. Add-ons: You can also get a variety of add-ons if you pay £15 a month for First Directory, including: However you’ll need to check if you’re eligible for these, as well as the level of cover offered to be sure of what you’re taking out. Monthly cap on unarranged overdraft charges. Back first direct uncovered. Please see the first direct Account Terms and Conditions for full details. 3157344. Over 4 million current accounts have been switched so far. 5 replies 1.2K views insurgente Forumite. While the benefits of the First Direct 1st current account are attractive, it won’t be suitable for everyone because it requires paying in £1,000 every month. Independent service quality survey results Personal current accounts. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information. At the moment, First Direct current account customers pay 15.9% EAR on arranged overdrafts of over £250, or a £5 daily charge if they slip into their unarranged overdraft. The bank will charge customers £10 a month … first direct’s Regular Saver Account allows you to pay in up to £300 a month for a year, and it pays a 5% AER (Annual Equivalent Rate), which makes it one of the top-paying accounts in the market. The Current Account Switch Service makes switching your current account simple, reliable and stress-free. Many of us use our current accounts for day-to-day banking, so it’s important to choose an account that works well for you. Wednesday 15 November 2006 10:17 First Direct will become the first leading bank to charge its customers for a standard current account. Random Acts of Kindness and All things Positive! This charge is calculated at 3% of the original mortgage amount during first year of the Fixed Rate Period and 2% of the original mortgage amount if the mortgage is closed in any subsequent year during the Fixed Rate Period. By using our website you agree to our use of cookies in accordance with our Cookie Policy. We often link to other websites, but we can't be responsible for their content. Registered Office: Moneysupermarket House, St. David's Park, Ewloe, CH5 3UZ. Moneysupermarket.com Financial Group Limited, registered in England No. The banks have moved to simplify their fee structure in order to comply with the Financial Conduct Authority’s (FCA’s) upcoming ban on unarranged overdraft fees and daily/monthly charges. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk. Online requests are still being processed, however, and our contact centre is fully operational. On your agreed switch date your new account will be ready to use and your old account will be closed. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. Switcher gifts: New customers might also be eligible for a free gift if you switch accounts using the Current Account Switch Service and pay in a minimum of £1,000 in the first three months. Before applying, please always check each banks specific opening criteria on their website. First direct are proud to offer their customers some of the most competitive deals on the market wherever they can. HSBC, First Direct and M&S Bank will hike interest rates to 39.9% EAR for arranged and unarranged overdrafts from March 2020. First Direct PULLS its current account and £100 switch bonus for new customers as it focuses on existing ones amid coronavirus outbreak. Interbank rates collected from x-rates.com on 20/11/2018. Please see the first direct Account Terms and Conditions for full details. It’s quick and easy to set up your payment, and you can even schedule it now, so it’s all sorted and sent automatically on the day it’s due. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk . Telephone 0333 123 1972, Here's some important information about the services MoneySuperMarket provides. Paym: with First Direct’s Paym feature you can transfer money to other Paym users using only their mobile phone number, and with iPhone’s biometric features you can even make these payments by using Siri – just say “Hey Siri, please pay Roger £10 from First Direct.”. Each current account will set a monthly maximum charge for: (a) going overdrawn when you have not arranged an overdraft; or (b) going over/past your arranged overdraft limit (if you have one). Maximum monthly debit turnover N100 million. Contact moneysupermarket.com at Moneysupermarket House, St David's Park, Ewloe, Flintshire, CH5 3UZ. Note: future dated payments set up within 7 working days of your switch date cannot be transferred across to your new account. 3) What charges are applicable to this account type? Published August 2020. However, with any international money transfer - which might also be called a currency account transfer, priority payment, or SEPA payment - there are costs involved, and it'll take a bit of time to make sure your money makes it to the right place. About our service, Learn more about The MoneySuperMarket app or download it from, We use cookies to give you the best experience. Oh no, we can't find your email address on our records. This is the figure you should use when comparing mortgage products, and all lenders are required to show it. Oops are you sure? Currently, First Direct current account customers pay 15.9 per cent in interest on arranged overdrafts of more than £250, or a £5 daily charge if they slip into their unarranged overdraft. With a First Direct 1st Account, you’ll have access to the following features: Overdraft: you’ll also get a minimum arranged overdraft facility of £500 (subject to status), and the first £250 will be interest-free*. If you're an existing first direct customer and want to register for Online Banking, you'll need to: first register for Phone Banking, if you haven't already, give us a call anytime on 03 456 100 100; then you can register for Online Banking; after you have registered, you're … First Direct is getting rid of the £10/month fee on its popular 1st Account current account next month. Who we are Partnerships Money wellness hub Money wellness ... You are in section Home Rates and charges Current Page. Moneysupermarket.com Limited is an appointed representative of Moneysupermarket.com Financial Group Limited, which is authorised and regulated by the Financial Conduct Authority (FCA FRN 303190). As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,000 customers of each of the 19 largest personal current account providers if they would recommend their provider to friends and family. First Direct offers, as standard: Beautifully designed Internet Banking service 1. 2) How can I open this account? The Current Account Switch Service covers 99% of UK current accounts. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. ... One way we do that is by letting you know up front about any charges that might apply to any of our accounts - after all, nobody likes a nasty surprise. 11 October 2010 at 12:20PM edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts. LASTMINUTE.COM, TELETEXT HOLIDAYS AND RYANAIR NAMED AND SHAMED AFTER HIDEOUS RESULTS IN MAJOR NEW MSE COVID TRAVEL REFUNDS SURVEY, http://www2.firstdirect.com/1/2/rates/charges. This is based on a scoring system we developed using data from MoneySavingExpert’s twice-yearly Current Account customer service polls. Your new bank will have transferred all of your regular incoming payments (such as your salary or benefits) and outgoing payments (such as Direct Debits, standing orders, future dated payments and bill payments) to your new account, along with any remaining credit balance. If you are a first direct customer and are at all worried about your finances, ... you may be able to make calls to us free of charge. Everything you need to know about claiming your cashback when you switch current account. If you come back and look up your quotes, you’ll find that all your details are still here and you won’t have to answer the questions again. 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