[jambutty]

I’ve just searched the forum member database for a Mr JB and there isn’t one. However I interpret your post #28 as being directed at me. Surely it is a common courtesy to address a person by their proper name?

Which part of:

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.

and

By month we mean calendar month. As a guide, to calculate your average monthly balance, add together the end of day balances for each day during the month in question, then divide your total by the number of days in that month.

do you not understand entwisi?

If you pay in £100 the balance at the end of that day will be £100. If you withdraw that £100 the next day and then deposit it again the same day that day’s balance will be £100. If you did that for all 30 days in a 30 days month the daily balance would be £100 each day. Thus the total daily balances would be £3,000 at an average of £100 and thus liable for the £10 fee. However if you did the same but with £1,500 or more then there would be no fee.

I agree that Semantics is a wonderful topic for discussion. However how would you interpret “(internal transfers from first direct accounts excluded),”? Withdrawing cash from an account and then depositing that same amount back in is tantamount to an internal transfer. Whether First Bank take that view remains to be seen but it is irrelevant to the issue and that is, as WillowTheWhisp has so elogantly quoted, “keep an average monthly balance in excess of £1,500” How can that be interpreted in any other way than to what it states?

Yes WillowTheWhisp

You will be charged £10 for any month you do not pay in at least £1,500 or maintain an average monthly balance in excess of £1,500, unless you take out an additional product with us (see answer to earlier question for details of which products qualify).

It couldn’t be clearer. But aren’t you forgetting “or maintain an average monthly balance in excess of £1,500,”

I will ask you the same question WillowTheWhisp, “Do you understand it now or are you going to keep on contradicting yourself?”