Review of First Direct's Bank Account. Opens an overlay [Will show a security message first], Link to joint Current Account application, Visit our facebook page, opens an overlay, Pay in a cheque, pay in and withdraw cash, How to claim a debit or credit card refund, Current Account Switch Data Privacy Notice (PDF), Charges and Additional Product Terms (PDF), 1st Account Fee Information Document (PDF), Information sheet and exclusion list (PDF), We adhere to The Standards of Lending Practice (PDF), Current Account Switch Terms and Conditions (PDF). To switch an account to us from a non-CASS provider just contact us and we'll send you a Transfer Form so we can understand the Standing Orders and Direct Debits you want to switch. First Direct also gives current account customers the option to set up a ‘sweep’, which transfers monies held in their current account into a savings account on a date of their choosing. You can close your account at any time by giving us a call on 03 456 100 100 or by writing to us at first direct, 40 Wakefield Road, Leeds, LS98 1FD. However, the two differ in other aspects. Once your new account is open, you can give your permission to the TPP to access it. If you are financially affected by coronavirus and would like to apply for a payment holiday on your mortgage or credit card or a repayment deferral on your loan, you need to do so by 31st October 2020. alternatively, you may choose to open an account with another bank and switch away from us using the Current Account Switch Service. First, you must fully open a first direct Current Account (our 1st Account). If you’re wondering how to cash a cheque in with first direct… and those coming in (like your salary), if you have money in your old account, we'll transfer it to your new account on your switch date, we'll arrange for any payments accidentally made to your old account to be automatically redirected to your new account - we'll even contact the sender and give them your new account details, if there are any issues in making the switch, we will contact you well before your switch date. There is nothing at all for you to do, no calls or anything. Who can apply? View your First Financial Bank account(s) real-time balances and activity, access account history, pay bills, transfer money to friends and family, set up alerts and more. Cookie Policy. Back Bank Accounts. Open a bank account with first direct and enjoy award-winning customer service from real people here in the UK and a £250 interest-free overdraft (subject to status). The Current Account Switch Service will not interfere with this process and any debit card or Direct Debit transactions that you have asked your bank to stop should remain stopped after your switch. You can view this information on our Open Banking dashboard via Online Banking or in your Mobile App. We're not just sure you'll love our service more than anyone else's - we're banking on it. Salary credits, child benefit etc. Pretty much anyone. The Current Account Switch Service will take care of all payment arrangements at your old bank up until 7 working days before your agreed switch date. Cookie Policy. No. And if you don’t have a paying in slip, just send the cheque along with a covering letter including your name, sort code, account number and when you’d like the cheque to credit. 5 First responders include police, firefighters and paramedics. To pay another person who banks with first direct who you have never paid before you would choose the account you wish to send from then select ‘Move Money' from the options that appear and then select ‘New Person’ to enter all the details required. JavaScript is currently disabled on this computer/device. Yet if you have a current account with one of these banks already, there's still time to open a regular saver and lock in … Member HSBC Group. For more information about accounts and other products you can refer to the Money Advice Service™ website Opens an overlay [Will show a security message first]. first direct subscribe to … Link all of your accounts from a variety of financial institutions to get your full financial picture. Like when someone leaves work and there's a collection - but without the card. You’ll be able to apply for an adult bank account if you’re 18 or over, although some are available from the age of 16. Before applying, please take the time to read through the following. The savings account for everyday savers - no commitment, easy access, just tuck some money away when you can. This clever new telephone banking feature makes managing your money even easier. Your old bank will close your old account as part of the switching process. salary, pension, dividends, state benefits, tax credits etc. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk. I have, of course, looked into other business bank accounts, the best of which in terms of foreign transfers would appear to be HSBC's Business Direct Account, however, I resent paying fees for what is essentially the same service as I would require from a personal account; I don't need an overdraft, just a separate account which can receive bank transfers. You can open your first current account from the age of 11. The point was to show "make sure you get the benefits of a specific student account." You are in section 24/7, 365 banking, apply online in 10 minutes. Remember all payments are covered by the Current Account Switch Guarantee and any charges or interest incurred on your old or new account as a result of the error will be refunded. Open with £1. In order to have access to all the features of our fully-optimised website, please enable your JavaScript settings first direct is a division of HSBC UK Bank plc. We won't pressure you to stay but we'll be sad to see you go. It identifies both the bank and the branch where the account is held. You are in section You may wish to save some of these documents for future reference. If you’re not sure if your new bank will allow the TPP to access your account, you’ll need to ask them before switching and check their terms and conditions for more information about TPPs. Before you close your old account, check if you have any TPPs set up and make a note of who with. First Direct says in practice most customers don't pay the fee at the moment – but getting rid of it means those who don't meet the criteria, for instance because they earn less than £12,500/year, will be able to use the account for free. To qualify for the £100, you must have paid at least £1,000 a month into your account for six months and not have banked with us before, as well as switched to us initially using the Current Account Switch Service. Bank Accounts To switch an account from us to a non-CASS provider just contact us. Children’s savings accounts work in a similar way to adult ones, although interest rates tend to be higher. Savers also have a range of options; the Regular Saver account, which rewards customers with the bank’s best interest rate for committing to 12 months without withdrawal, at 5% AER. We let your old bank know you're moving - and they should get ready to close your old account once everything's been transferred safely. Fixed term No. 0.01% AER/gross variable. Visit our facebook page, opens an overlay, Pay in a cheque, pay in and withdraw cash, How to claim a debit or credit card refund, you have cancelled all standing orders and Direct Debits on the account, you have no outstanding cheques to clear on account, you have no pending/authorised transactions still to debit, if your account is joint then a decision to close is amicable, any regular credits to the account you may have, have been redirected e.g. Full Details: Account name Savings Account. Online Banking with first direct is simple, straightforward and secure, and lets you do all the things you need to do to manage your money online. view all your first direct accounts in … but I see that has already been taken - several times! If you can see any changes coming up that could affect your disposable income - for example, less money coming in due to extended leave or retirement or a change in your employment situation/working hours, or a rent/mortgage payment increase - please apply by telephone on 03 456 100 100. Your first job is to work out which type of account you want to open and then research the market to compare rates of interest, plus any other benefits the account offers. First Direct (SEPA) information SEPA is an initiative of the European Union to simplify and unite bank payments within Europe. Firstly, open a first direct Current Account. If you agree, we'll get started. Yes, all banks and building societies that display the Current Account Switch Guarantee Trustmark will follow the same switching process and must offer the same guarantees. If you’ve given your permission to a TPP to make payments on your behalf or to access your financial data, this won’t be transferred automatically to your new account as part of the Current Account Switch Service. First Direct was set up as a bank in 1997 and is known for providing telephone and online banking services to consumers. Having created their current account with you in mind, you can spend less time banking. Current Account Overdrafts First Directory Switch to first direct Ways to bank Online Banking ... you must hold a first direct 1st Account, our current account; sole or joint accounts permitted. After that, only certain elements can be cancelled. It identifies both the bank and the branch where the account is held. move money between accounts. If you need any help with your current account, here's where you'll find it, including help with switching, payments, direct debits, standing orders and overdrafts. For a list of all the cookies we use and what they do, please read our Because we want to make sure we're doing a good job, we may monitor or record our calls. We hope you don't mind. The estimated balance after 12 months would be as follows: How much can I withdraw from my bank account? If your new bank or building society agrees, bank accounts that include an overdraft can switch using the Current Account Switch Service. Alternatively, we may be able to provide facilities to help you pay off any existing overdraft you may have, subject to our normal lending criteria. First Direct 1 st Current Account . As such, cookies for this site are currently disabled. The Financial Conduct Authority have recently changed their guidance around payment holidays and deferrals. We hope you don't mind. If for any reason the above does not answer your question please call us on 03 456 100 100 (Text-phone 03 456 100 147 or if calling from outside the UK +44 113 234 5678 (Text Relay +44 151 494 1260)) so we can investigate. How to open the account: apply by phone. Please see the first direct Account Terms and Conditions for full details. You may need to enter your card twice depending on the ATM to get the full £500 as some ATM’s only allow lower amounts for example £250/300 or foreign currency equivalent. As such, cookies for this site are currently disabled. The Current Account Switch Service has been designed to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. We do everything we can to make the transaction as smooth as possible - you'll be surprised how little you actually have to do: Opening an account with us and switching are two separate processes. The first direct Current Account offers customers £100 to switch to their account as long as they pay in at least £1,000 within the first three months of opening the account. Please see the first direct Account Terms and Conditions for full details. i have an eSaver with credit. According to their press ads, first direct gets recommended by existing customers every six seconds, and I'm one of those customers. Don't be nervous that you barely had to do anything, it really is that easy. The BIC codes are registered by S.W.I.F.T. If you want to contact first direct, there are a number of ways you can get in touch. © HSBC Group 2019. Account opening and account switching are separate processes. Here are just some of the main features: view balances and statements online - print up to six years, and request free paper copies. Switching couldn’t be easier. About first direct arena Link to first direct arena page first direct in the community first direct always looks to make a positive impact around our bases in Yorkshire and Lanarkshire through a range of local projects and some of HSBC's national programmes, particularly in the areas of education, the environment and social needs. Online Banking Their current account comes with fantastic benefits, an overdraft facility and satisfaction guarantee. Leave the rest to us. You can update a Direct Debit by contacting the originator. Does First Direct offer a euro account? If you already have a first direct Current Account please contact us to set the switch service in motion. first direct is a division of HSBC UK Bank plc and HSBC has accounts more suitable for customers living outside of the UK. first direct is a division of HSBC UK Bank plc and HSBC has accounts more suitable for customers living outside of the UK. I've been with First Direct more or less since their launch over twenty years ago. © HSBC Group 2019. Switching to us In order to have access to all the features of our fully-optimised website, please enable your JavaScript settings The bank code consists of the first four characters of the bank’s BIC code and unambiguously identifies the issuing institution. On your switch date, your old bank or building society will de-register your mobile phone number from Paym. Overdraft representative example: 0% EAR variable on the first £250. order replacement cards or a new PIN. If you don't like the way we do things after six months, we'll not only help you move banks - we'll give you £100 as a parting gift. M&S Bank is soon to close its 2.75% AER regular savings account to new customers – and it's possible its sister banks HSBC and First Direct could follow suit. (as the Registration Authority for ISO 9362). Skip to . if anything goes wrong with the switch, as soon as we're told, we'll refund any interest (paid or lost) and charges incurred on either your old or new current accounts. You’ll need to contact them to provide your new account details. First Direct has pulled its current account from sale as it focuses on its existing customers 'and their immediate financial needs' amid the coronavirus outbreak. On the date that you choose to switch, your old bank account will close and you'll be able to see the balance from your old account in your new first direct 1st Account. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk. first direct has to carry out 'know your customer' security checks as part of our account opening process. Contact us whenever you like, day or night, 24/7/365. Secure online banking with first direct is simple, straightforward and easy to set up. For a list of all the cookies we use and what they do, please read our If you have switched away from first direct then this will come across as part of the switch process on the date you have arranged for the switch to take place along with any credit balance remaining within the account. We'll be updating our website with further details shortly. Current Page. You can do this on or after your switch date, or earlier if you de-register your mobile number at your old bank or building society yourself. We'll make the whole thing as smooth as possible as part of the Current Account Switch Guarantee. Find out more and join us today. Making your first bank account application should be a straightforward process, even if you’ve never done it before. There are over 40 participating banks and building societies in the UK and you can see them here Opens an overlay [Will show a security message first]. We'll be updating our website with further details shortly. You can find your first direct sort code on your debit card, paper statements, within Online Banking or in our App. Many banks, particularly ones with large branch networks, require you to visit a branch in person so they can witness and file your new signature. You can find your first direct sort code on your debit card, paper statements, within Online Banking or in our App. What documents do you need to open your first account? Your query will always be answered by a real person here in the UK. Your old bank will automatically send us details of your regular payments (Direct Debits, standing orders and bills). Your sort code is a six-digit number formatted as three pairs of numbers, for example 12-34-56. 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. We'll guide you through this process if you decide to cancel your switch. If you're unhappy with any part of your switch, please visit our guide to making a complaint. first direct subscribe to the Lending Code. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk. first direct is a division of HSBC UK Bank plc. If you do decide to leave, all other products you hold with first direct will also need to be closed. Access a range of First Direct bank services in the Post Office® branches: withdraw, deposit or collect cash from your bank account, pension or benefits. first direct is a separate division to HSBC but the two do offer similar savings account rates and deals. As First Direct doesn’t offer a euro bank account, we’ll take their parent company HSBC as an example. first direct can only cancel a Direct Debit. If you're over 18, haven't been declared bankrupt or registered for an Individual Voluntary Agreement in the last six years (or be in the process of doing so), and have a phone number and email address we can contact you with, we'd love to welcome you. If you wish to do this and the payment is due within the next 2 working days please call us on 03 456 100 100 (Text-phone 03 456 100 147 or if calling from outside the … You are not able to start the switch process for joint accounts as part of this application. You’ll soon be able to do this with a photo via the App. There is no upper limit on your debit card with a retailer, but if you are looking to make a large payment we’d love you to give us a call around an hour before on 03 456 100 100 (Text-phone 03 456 100 147 or if calling from outside the UK +44 113 234 5678 (Text Relay +44 151 494 1260) so we can make sure it goes through. Below we have listed the banks and institutions which support SEPA transfers and their specific markers. As soon as we get this back we'll contact your old account provider and get your switch up and running. You need to contact us to let us know you're unhappy within 12 months of opening your account. And, if you don't like us, you can leave with £100* as a farewell gift. When I first opened an account with FD, it was because they offered the best service around. first direct is a division of HSBC UK Bank plc and HSBC has accounts more suitable for customers living outside of the UK. First direct are proud to offer their customers some of the most competitive deals on the market wherever they can. Bank accounts Your sort code is a six-digit number formatted as three pairs of numbers, for example 12-34-56. Direct Debits and cheques out of your account; BACS payments into your account i.e. Many children’s accounts have age ranges of 11-to-16 or 11-to-18-years-old. On that first call, everything will be just the same. If the request has been arranged after 11:45pm then the funds will transfer immediately, but will show on your statement as the following day. You are in control of the payment and can make changes to the details at any time, including cancelling. All Rights Reserved. And if you’d like to have an overdraft with your new bank account, speak to your new bank or building society before starting your switch. via your browser. send money. Yes, as long as both parties agree to the switch and you are switching to another joint account. A direct debit by contacting the originator your joint account to a non-CASS provider just us! To adult ones, although interest rates tend to be 'What has happened to first direct is division... Its geographic location, bank accounts switching to another joint account. a first was! Direct more or less since their launch over twenty years ago you barely had to do this with photo! 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