Full product details for the First Direct 1st Account (with firstdirectory) current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
from 77 ratings
77 customers rated their First Direct current account as 4.6 out of 5 in our 2010/2011 Consumer Finance Awards.
If you use an overdraft limit of £1,200 the interest rate charged will be 15.9% EAR (variable).
Account Type
packaged
Monthly Charge
£12
There is a fee of £12.00 per month for first directory. There is also normally a monthly servicing fee of £10, if the customer does not meet certain criteria, however for all first directory customers this fee is waived.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Interest Free Overdraft Limit
£250
An interest free overdraft of £250 is available.
Standard Overdraft Rate
15.9%
The annual rate charged for authorised overdrafts is 15.9% EAR.
Headline Interest Rate
0%
The headline interest rate is 0% AER.
Reward Payment
£0
No reward payment payable.
Minimum Investment
£0
There is no minimum investment required to open this account.
Internet Banking
yes
Free internet banking is available.
Branch Banking
no
This account cannot be operated through a branch, although limited transactions can be carried out in HSBC branches.
Telephone Banking
yes
Telephone banking is available 24 hours a day 365 days a year. All calls are charged at a local rate The range of services available include the following:- - Balance enquiry - Enquire about recent transactions - Set up, amend and cancel Standing Orders - Cancel Direct Debits - Bill payments - Request a postal statement - Request a cheque book - Request a paying-in book - Request a replacement card - Request a new PIN
Account Promotions
yes
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Minimum Contract Term
12 months
There is a 12 month contract term for this account.
Minimum Age
18 years
The minimum age is 18 years.
Maximum Age
Unlimited
There is no maximum age limit.
Minimum Income
£0
No minimum income required.
Minimum Investment
£0
There is no minimum investment required to open this account.
Maximum Investment
Unlimited
The maximum investment is unlimited.
Student Bank Account
no
This is not a student bank account.
Graduate Bank Account
no
This is not a graduate bank account.
Area Restrictions
none
There are no area restrictions.
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Compare First Direct 1st Account (with firstdirectory) With These Current Accounts
0 percent debit card fee europe is available with the current account.
Representative Example: Up to £300, 0% interest per annum (variable). £301-£5,000, 18.3% interest per annum (variable). Subject to status and application.