interest rate, you'll earn approximately £19.50 interest (gross). All Rights Reserved. Interest is calculated daily and is credited at the end of the 12 month fixed term. Switching to first direct. To receive the bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made to this account within 90 days of account opening. once opened you can view your account via Online Banking and through our App. Switching to the first direct Current Account can also earn you a bonus sum of £100, as long as you have an income of at least £1,000 going to the account in the first three months. Your money will be automatically transferred to either an existing sole Everyday e-Saver Account (product no longer on sale) or a Savings Account. The best feature of First Direct is that you call up … i have an eSaver with credit. £1. Published August 2020. Even better banking has arrived. via your browser. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk . "Open a 1st Account then transfer your banking using our Easyswitch service (transferring at least two Direct Debits and/or standing orders) and salary/income of at least £1,000 per month to your 1st Account within three months of your account opening and we will add £100 to your account. JavaScript is currently disabled on this computer/device. Given up on First Direct My heading was going to be 'What has happened to First Direct?' once opened you can manage your account using Online Banking, by phone or by post. One payment of £50 per customer joining first direct for the 1st time. First Direct (styled first direct) is a telephone and internet based retail bank division of HSBC Bank plc based in the United Kingdom.First Direct has headquarters in Leeds, England, and has 1.45 million customers. first direct is a division of HSBC UK Bank plc. You can access your money before then, but you'll have to close the account. There's no link to Internet Banking here. the maximum balance is £3,600 at the end of the 12 month term. This shows you what the rate would be if interest were paid and compounded each year. 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: We do not deduct tax from any interest paid to you. Savings sweep: First Direct also offer a ‘sweep’ facility that transfers any spare money from your 1 st Account to a savings account with the same provider on the date you decide. Opening an account in person is usually the best option for first-time account holders. Gross is the rate of interest if interest were paid and not compounded each year. *During overnight processing generally between 9pm – 4am EST, the Available Balance displayed online may not reflect all pending transactions including deposits and/or charges made to your account. If you’ve recently applied for your first direct mortgage online you can make these changes online too: loan amount, mortgage term, mortgage type and rate type.. Get rewarded for saintly savings habits. Yes, we can change the interest rate on this account in line with the account's Terms and Conditions. You can open your first current account from the age of 11. You will need the person’s name, sort code, account number, reference and payment amount. Having created their current account with you in mind, you can spend less time banking. Add-ons : You can also get a variety of add-ons if you pay £15 a month for First Directory, including: First Direct has widened the availability of its highly-rated current account to include those on lower incomes. All Rights Reserved. Member HSBC Group. Easy access Yes - instant access by transferring to another first direct account. The different children's bank accounts to choose from. 3 An NSF/OD item is defined as 1 or more items presented to an account with non-sufficient funds on a business day. This will be followed by another 11 monthly payments which can only be made by standing order (we will set this up for you). Amend your existing online application This product is only available to first direct Current Account customers (you're more than welcome to join us...). First direct deposit must be received within 30 days of account opening. Or 11-to-18-years-old worry your money before then, but you 'll have to close the account pays. 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