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First Direct 1st Account

Full product details for the First Direct 1st Account 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.

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First Direct 1st Account Features & Benefits

Representative Example	If you use an overdraft limit of £1,200 the interest rate charged will be 15.9% EAR (variable).
Account Type	overdraft
Monthly Charge	£0
Minimum Monthly Credit	£0
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	Savings sweep. £100 switcher cashback.

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Compare First Direct 1st Account With These Current Accounts

Lloyds TSB Platinum Account

£1 minimum additional deposit is offered with this current account.
Lloyds TSB offers unauthorised O/D rate of 14.28%.
Get 0% initial interest rate from Lloyds TSB.
You get £1 minimum withdrawal from Lloyds TSB.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 14.28% EAR (variable).

Ulster Bank Current Account

Std overdraft rate of 13.7% is offered to customers.
£0.00 overdraft letter charge.
Maximum ATM withdrawal of £300 is offered with this current account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 13.7% EAR (variable).

Ulster Bank U First Private Account

You will get 21.7% unauthorised O/D rate.
Standard overdraft rate of 10.5% is available with the current account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 10.5% EAR (variable).

Northern Bank Northern Discovery (11-17 yrs)

This Northern Bank Northern Discovery (11-17 yrs) has an introductory interest rate of 0.1 percent.
The current account gives a £0 minimum extra deposit.
This current account offers a monthly charge of £0.

Clydesdale Bank Student Account

A cost for copy of cheque of £0 is offered by Clydesdale Bank.
0 percent purchase charge europe is offered.
Student Account offers an ATM withdrawal expense UK of 0%.
0% transaction charge worldwide is offered.
Customers get £0 monthly overdraft charge from the current account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 7.49% EAR (variable).

HSBC Basic Bank Account

New customers get £0 direct debit set up charge from the current account.
Mthly charge of £0 is offered to new customers.
New customers benefit from £0 standing order payment from HSBC.
£1 minimum withdrawal is available to new customers.

Application Criteria
Permanent UK Resident	yes	This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit	£0	To maintain the Bank Account free of charge the customer must pay in either £1,500 each month or maintain an average monthly balance of £1,500, if they do not the a monthly fee of £10 will be charged. This fee will be waived if: - the customer also holds a first direct mortgage, credit card, personal loan, savings account (except a Regular Saver Account and any Regular Saver ISA which has been held for less than 12 months) , firstdirectory or first direct home or car insurance policy;or - it is the first six months following account opening; or - in relation to any second or subsequent 1st Account in the same name. (If a sole and a joint account is held, the joint account will not be considered to be in the same name unless all joint account holders are the same).
Minimum Contract Term	0 months	Not applicable.
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.