​yes it does and yes you can. They will do a credit search when you apply for the new account

There is no credit "rating". It is a credit history. The reason I stress this point is that several credit agencies may give you a "rating" but it only gives you an indication of your credit history. The banks will have their own internal checks. So the "rating" from these credit agencies doesn't mean much, if anything at all.

Opening a current account leaves a mark on your credit history because they have overdraft facilities. If you choose not to apply for an overdraft, then it will likely leave a smaller "mark" on your credit history.

If you are applying for any credit cards or a mortgage, it is advised to do them first before you open a current account.

You are free to switch to another bank once the incentive is paid, though you may wish to keep the current account because it is linked to a 6% saver.

I would assume so as they factor in to your credit score how long you have held your account for.

If you switch away from first direct between 6 and 12 months of opening the account they'll give you another £100

From what I understand it's £1000 in total over 3 months

Only payable if you don't pay on the minimum monthly amount.

Thanks

Yeah true. Easy money eh :smile:

I recently (last Oct) switched to First Direct.
I was previously a customer until 2007.

I received the incentive.