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Originally Posted by 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:
and
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.
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However your total deposits will have been £1500 and have therefore met the criteria. It does not say a balance of £1500 to be paid in. it says that £1500 must go through your account and this fits it
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Originally Posted by jambutty
[SIZE=3][FONT=Times New Roman]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.
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No it quite clearly is not. When you withdraw the cash it is outside of First Direct and as such a deposit of £100 is then a new transaction
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Originally Posted by jambutty
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[COLOR=black]” How can that be interpreted in any other way than to what it states?
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But as previously described, the criteria are governed by an OR statement, that means that any single one meeting its criteria means that the outcome is true.
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Originally Posted by jambutty
Yes WillowTheWhisp
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?”
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See above, its an OR expression