Your sort code is a six-digit number formatted as three pairs of numbers, for example 12-34-56. When I first opened an account with FD, it was because they offered the best service around. 0.01% AER/gross variable. It will only take seven working days. Fixed term No. 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. Yes, you can choose and agree a switch date with us. 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. This can only be arranged on a 1st Account. 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. 5 First responders include police, firefighters and paramedics. We'll contact you to let you know the move is complete. 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. You’ll soon be able to do this with a photo via the App. 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. To qualify, 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. The point was to show "make sure you get the benefits of a specific student account." 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. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk. Another first from first direct. As we offer Paym, you can re-register your mobile number with us. Salary credits, child benefit etc. There is nothing at all for you to do, no calls or anything. If your new bank or building society agrees, bank accounts that include an overdraft can switch using the Current Account Switch Service. I've been with First Direct more or less since their launch over twenty years ago. Upcoming transactions are updated and processed regularly throughout normal business days. move money between accounts. Full Details: Account name Savings Account. JavaScript is currently disabled on this computer/device. Account opening and account switching are separate processes. You are not able to start the switch process for joint accounts as part of this application. Interest rate. First Direct was set up as a bank in 1997 and is known for providing telephone and online banking services to consumers. If you agree, we'll get started. This ensures that any payments made to your old account are automatically redirected to your new account. 3 An NSF/OD item is defined as 1 or more items presented to an account with non-sufficient funds on a business day. For a list of all the cookies we use and what they do, please read our Before you do this, can we ask that you have taken into consideration the following (if applicable): The £100 service guarantee payment would be sent to your nominated bank account on the day the closure is processed via faster payments unless you have requested payment via cheque in which case this would be issued to your home address held by first direct on day of closure. Third Party Providers (TPPs) provide a range of services such as viewing all your accounts in one place (Open Banking). 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. 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. After that, only certain elements can be cancelled. Although it used to be possible to get a First Direct euro account, these are no longer on offer for new customers. As your new current account provider we offer the following guarantees: Yes. Institutions such as First Direct set more stringent requirements to document your name change because they hold your funds and can allow you to access credit. First direct deposit must be received within 30 days of account opening. Bank Accounts No, providing you repay any outstanding overdraft on your previous account as required by your old bank or building society. Firstly, open a first direct Current Account. Current Page. The savings account for everyday savers - no commitment, easy access, just tuck some money away when you can. If you want to switch your account, you can do so by calling us once your joint account is open. Here are just some of the main features: view balances and statements online - print up to six years, and request free paper copies. (as the Registration Authority for ISO 9362). Yes, as long as both parties agree to the switch and you are switching to another joint account. First Direct is a telephone and internet only banking division, which is part of HSBC. Please see the first direct Account Terms and Conditions for full details. It identifies both the bank and the branch where the account is held. We hope you don't mind. Given up on First Direct My heading was going to be 'What has happened to First Direct?' How to open the account: apply by phone. Whether you’re applying for your first account as a young person or you’re a new resident in the UK, think about what you need from your account and gather a few documents to make the process as simple as possible. Yes, we can change the interest rate on this account in line with the account's Terms and Conditions. Bank accounts 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. We'll be updating our website with further details shortly. Please see the first direct Account Terms and Conditions for full details. 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. first direct is a division of HSBC UK Bank plc and HSBC has accounts more suitable for customers living outside of the UK. On that first call, everything will be just the same. General bank account help No. 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. If you do decide to leave, all other products you hold with first direct will also need to be closed. first direct can only cancel a Direct Debit. You can find your first direct sort code on your debit card, paper statements, within Online Banking or in our App. your employer, and let them know when to start sending payments to it. How much can I withdraw from my bank account? We know switching banks sounds like it'll be a nightmare, but we promise it's not. 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. As soon as we get this back we'll contact your old account provider and get your switch up and running. 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. Before you close your old account, check if you have any TPPs set up and make a note of who with. For more information please call HSBC on +44 1226 261 010 or visit hsbc.co.uk. 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. Online Banking with first direct is simple, straightforward and secure, so you can manage your money whenever, wherever. Please see the first direct Account Terms and Conditions for full details. For a list of all the cookies we use and what they do, please read our You are in control of the payment and can make changes to the details at any time, including cancelling. JavaScript is currently disabled on this computer/device. 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. view all your first direct accounts in … It is not possible to use the service to switch a joint account to a sole account. 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. You need to contact us to let us know you're unhappy within 12 months of opening your account. Any branch of that institution shall also be represented by the same bank code irrespective of its geographic location. It identifies both the bank and the branch where the account is held. You’ll need to contact them to provide your new account details. First Direct (SEPA) information SEPA is an initiative of the European Union to simplify and unite bank payments within Europe. This clever new telephone banking feature makes managing your money even easier. The BIC codes are registered by S.W.I.F.T. You can cancel your switch up to seven working days before your switch date. first direct subscribe to the Lending Code. Your new bank or building society will be able to advise if you’re eligible for an overdraft, dependent on their lending criteria and your credit status. On your switch date, your old bank or building society will de-register your mobile phone number from Paym. Standing orders can be set up via Online Banking or through our App. How to pay a cheque or cash into first direct. 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. Help 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). We set up all the payments on your new first direct 1st Account, inform all your Direct Debit originators that you've moved banks and give them your new details, including your employer so your salary can be redirected. 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. 4 Multiple deposits of less than $200 will not qualify. What documents do you need to open your first account? Cookie Policy. via your browser. If you're missing a Direct Debit and your switch is complete, contact us on 03 456 100 100. I also have a current account with them & to stop the charge on this (£10 was it?) the service is free to use and you can choose and agree your switch date with us, we'll take care of moving all your outgoing payments (Direct Debits and standing orders etc.) 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. First Direct isn't a student account, but you'd be surprised how many students (espe mature students) simply stick with their existing bank when going to uni. We'd be sad to see you go but we understand these things happen so we'll send a list of your Direct Debits and Standing Orders to your new account provider as quick as we can, normally within 5 working days. 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