[WillowTheWhisp]

Provided you credit your Bank Account or Cheque Account with at least £1,500 each month (internal transfers from first direct accounts excluded), keep an average monthly balance in excess of £1,500 or have an additional product (see next question for details) with first direct you will not incur our banking fee.

Originally Posted by jambutty

I don’t know about anyone else but I read that as having a minimum of £1,500 in the account at all times regardless of how much is pushed through the account.

No, it's an either/or. If you have a spare £1,500 kicking around doing nothing and leave the balance as a minimum of that all the time that is one option. Another option is to have £1,500 going through the account each month (ie 2 salaries in and all your DDs and SOs out as long as a minimum of £1,500 goes in.) The third option is to have another one of their products. A savings account for instance - they make money on that by paying you less than they get from investing/loaning the money.


Got interrupted by a phone call whilst I was typomg that so there was a delay!)