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first direct drops fees on overseas debit card spend
Image of Mike Brown

Michael Brown

Acting Editor
Published: 03/07/2023

It also includes a £175 switching incentive on its 1st Account.

Digital bank first direct scrapped its transaction and ATM withdrawal fees on its debit card for spending abroad today. The announcement comes as the bank says it aims to support its customers through the rising cost of living, but also as summer begins.

“Customers can make the most of their travels without worrying about extra charges. We hope this will help people enjoy their hard earnt holiday with extra peace of mind,” said Chris Pitt, CEO at first direct.

The first direct Debit Mastercard is given to those with a 1st Account. This is the bank’s current account option, and it can come with interest-free overdraft and exclusive access to a regular savings account at 7%.

The current account is also running a £175 switching incentive. This is earned once eligible members switch accounts using the Current Account Switch Service (CASS) and deposit at least £1,000 into the account within the first three months. 

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Santander launches current account with increased cashback
Despite coming with a fee, its Santander Edge Up users can earn up to £30 a month cashback on essential spending.
Read More
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Holiday let deals rise as more lenders enter the market
Mortgage options for borrowers looking at holiday lets have increased by 72% since September 2021, rising to 320 options. This means choice is nearly double compared to March 2020.
Read More
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Holidaymakers to wait almost 12 hours on average before claiming travel delay cover
Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover, according to data collected from Moneyfacts in May. In some instances this can be as much as 24 hours before someone can claim, which can be less than ideal for an individual or family with no place to stay for free nearby while they await their next flight.
Read More
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Four in 10 travel insurance policies do not offer flight protection in case of strikes
Four in 10 travel insurance policies do not offer protection for those whose holidays are disrupted due to strike action, according to research by Which?. If your flight is cancelled, even in the event of ongoing strikes, then you have a legal right to a full refund or a replacement flight to get you to your destination. This means if you are part-way through your journey, such as waiting at a connecting airport, then you have the right to request a flight back to your original airport of departure.
Read More

Recent News

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Heathrow to reopen Terminal 4 in preparation for summer

14th June 2022

After being closed for more than two years, Heathrow’s Terminal 4 will reopen to travellers today, the airport announced. With the summer peak approaching, the move is expected to free up space in the airport’s other terminals. “Reopening Terminal 4 will give airlines at Heathrow extra space across the airport, helping them manage the impact additional travel documents continue to have on check-in times,” said John Holland-Kaye, CEO at Heathrow.

After being closed for more than two years, Heathrow’s Terminal 4 will reopen to travellers today, the airport announced.

Read More
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More than a fifth of Brits planning Jubilee holiday, says Barclaycard

10th May 2022

Just over one in five Brits are planning on taking a holiday during the upcoming Queen’s Jubilee weekend, according to Barclaycard’s latest Consumer Spending Index. Of this number, 84% of respondents are planning a trip abroad. “While concerns around rising household bills may continue to hamper spending on non-essential items, the upcoming Platinum Jubilee Weekend and summer months should provide opportunities for Brits to spend on celebrations and make the most of warmer weather,” said José Carvalho, Head of Consumer Products at Barclaycard.

Just over one in five Brits are planning on taking a holiday during the upcoming Queen’s Jubilee weekend, according to Barclaycard’s latest report.

Read More
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Should I use a loan to fund my holiday break?

9th April 2022

With the long Easter weekend fast approaching, and summer on the horizon, many of you are probably thinking of taking a city break. However, with the cost of living showing no signs of slowing down, financing this holiday could become complex for some families. This is why some are considering a personal loan, or “holiday loan”, to help finance their getaway trip. Below we have discussed what you should know if you are considering a holiday loan.

Matt Tristram, of Loans Warehouse, spoke to Moneyfacts about the advantages of using a “holiday loan” to finance your getaway.

Read More
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Ease the cost of a trip abroad by avoiding card fees

4th April 2022

As the Easter Bank Holiday approaches, holidaymakers who are planning to take a trip to Europe may also want to plan how they are going to spend their cash abroad. As the options for travelling abroad expand for many consumers, the upcoming Bank Holiday could be the perfect time for a trip to Europe.

As the Easter Bank Holiday approaches, holidaymakers who are planning to take a trip to Europe may want to plan how they are going to spend their cash abroad.

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How to get the best exchange rates

8th May 2017

When you’re planning that all-important holiday, sorting out your travel money should be high on the list of priorities. Here are a few top tips on how you can find the best exchange rate and get more bang for your buck (or euro/peso/dirham…).

When you’re planning that all-important holiday, sorting out your travel money should be high on the list of priorities. Here are a few top tips on how you...

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What Covid-19 protection can you expect from your travel insurance?

18th May 2021

With travel restrictions now being lifted, holidaymakers are once again boarding flights for trips abroad, but consumers are being warned that their travel insurance may not provide as much financial protection against disruptions caused by the pandemic as they believe

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What to do if your 2021 summer holiday is cancelled?

29th January 2021

With Government warnings that we may not be able to travel abroad this summer, few will take the risk of booking a holiday at the moment, but for many consumers who have had 2020 holidays rebooked to 2021

With Government warnings that we may not be able to travel abroad this summer, few will take the risk of booking a holiday at the moment

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Santander launches current account with increased cashback

20th June 2023

Despite coming with a fee, its Santander Edge Up users can earn up to £30 a month cashback on essential spending.

Despite coming with a fee, its Santander Edge Up users can earn up to £30 a month cashback on essential spending.

Read More
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Holiday let deals rise as more lenders enter the market

26th September 2022

Mortgage options for borrowers looking at holiday lets have increased by 72% since September 2021, rising to 320 options. This means choice is nearly double compared to March 2020.

Mortgage options for borrowers looking at holiday lets have increased by 72% since September 2021, rising to 320 options.

Read More
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Holidaymakers to wait almost 12 hours on average before claiming travel delay cover

1st August 2022

Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover, according to data collected from Moneyfacts in May. In some instances this can be as much as 24 hours before someone can claim, which can be less than ideal for an individual or family with no place to stay for free nearby while they await their next flight.

Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover.

Read More
news icon
Ease the cost of a trip abroad by avoiding card fees

4th April 2022

As the Easter Bank Holiday approaches, holidaymakers who are planning to take a trip to Europe may also want to plan how they are going to spend their cash abroad. As the options for travelling abroad expand for many consumers, the upcoming Bank Holiday could be the perfect time for a trip to Europe.

As the Easter Bank Holiday approaches, holidaymakers who are planning to take a trip to Europe may want to plan how they are going to spend their cash abroad.

Read More
news icon
first direct drops fees on overseas debit card spend

3rd July 2023

It also includes a £175 switching incentive on its 1st Account.

It also includes a £175 switching incentive on its 1st Account.

Read More
news icon
Four in 10 travel insurance policies do not offer flight protection in case of strikes

7th July 2022

Four in 10 travel insurance policies do not offer protection for those whose holidays are disrupted due to strike action, according to research by Which?. If your flight is cancelled, even in the event of ongoing strikes, then you have a legal right to a full refund or a replacement flight to get you to your destination. This means if you are part-way through your journey, such as waiting at a connecting airport, then you have the right to request a flight back to your original airport of departure.

Four in 10 travel insurance policies do not offer protection for those whose holidays are disrupted due to strike action, according to research by Which?.

Read More
news icon
Heathrow to reopen Terminal 4 in preparation for summer

14th June 2022

After being closed for more than two years, Heathrow’s Terminal 4 will reopen to travellers today, the airport announced. With the summer peak approaching, the move is expected to free up space in the airport’s other terminals. “Reopening Terminal 4 will give airlines at Heathrow extra space across the airport, helping them manage the impact additional travel documents continue to have on check-in times,” said John Holland-Kaye, CEO at Heathrow.

After being closed for more than two years, Heathrow’s Terminal 4 will reopen to travellers today, the airport announced.

Read More
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What you need to know before travelling abroad this autumn

13th October 2021

The removal of the amber travel list, along with the reduction of the number of PCR tests fully vaccinated adults need to take while travelling overseas

The removal of the amber travel list, along with the reduction of the number of PCR tests fully vaccinated adults need to take while travelling overseas

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What you need to know about travelling abroad this summer

11th May 2021

From next week, international travel will once again be allowed for those living in England and many consumers are expected to book trips to jet off for long-awaited holidays

From next week, international travel will once again be allowed for those living in England and many consumers are expected to book trips to jet off

Read More
news icon
More than a fifth of Brits planning Jubilee holiday, says Barclaycard

10th May 2022

Just over one in five Brits are planning on taking a holiday during the upcoming Queen’s Jubilee weekend, according to Barclaycard’s latest Consumer Spending Index. Of this number, 84% of respondents are planning a trip abroad. “While concerns around rising household bills may continue to hamper spending on non-essential items, the upcoming Platinum Jubilee Weekend and summer months should provide opportunities for Brits to spend on celebrations and make the most of warmer weather,” said José Carvalho, Head of Consumer Products at Barclaycard.

Just over one in five Brits are planning on taking a holiday during the upcoming Queen’s Jubilee weekend, according to Barclaycard’s latest report.

Read More
news icon
Should I use a loan to fund my holiday break?

9th April 2022

With the long Easter weekend fast approaching, and summer on the horizon, many of you are probably thinking of taking a city break. However, with the cost of living showing no signs of slowing down, financing this holiday could become complex for some families. This is why some are considering a personal loan, or “holiday loan”, to help finance their getaway trip. Below we have discussed what you should know if you are considering a holiday loan.

Matt Tristram, of Loans Warehouse, spoke to Moneyfacts about the advantages of using a “holiday loan” to finance your getaway.

Read More
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Long haul report details most expensive holiday destinations

16th September 2019

The latest annual Post Office Travel Money Long Haul Holiday Report, in partnership with long haul specialist, Travelbag, has revealed the sometimes shocking local prices charged for 10 common expenses for travellers.

The latest annual Post Office Travel Money Long Haul Holiday Report reveals the sometimes shocking local prices charged for 10 common expenses

Read More
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Holiday let mortgages bounce back to pre-pandemic availability

6th April 2021

With continued uncertainty around foreign travel, the UK-based holiday market is set to boom this summer and with new research showing that holiday let mortgage deals have bounced back to almost the same as what was available pre-pandemic, now could be a good time to invest in a holiday let

New research shows that holiday let mortgage deals have bounced back

Read More

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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.