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Halifax reward account online now, and the old accounts....

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  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    Suzey wrote: »
    I may wait and see about the BoS accounts, as I'm going to struggle to fund six accounts by the end of the month anyway (will be recycling the same £1k)!
    Transfers between Halifax and BoS accounts are instant, and we don't know (yet?) that these won't meet the funding requirements. The assumption amongst those with HICAs is that they will (because such transfers met the requirements for the higher interest rate).

    You have nothing to lose...and £30 to gain. Your choice.
  • gelato_cat
    gelato_cat Posts: 2,970 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'm assuming the £1k has to be in overnight - is this not the case with HICA?

    Suze

    YorkshireBoy wrote: »
    Transfers between Halifax and BoS accounts are instant, and we don't know (yet?) that these won't meet the funding requirements. The assumption amongst those with HICAs is that they will (because such transfers met the requirements for the higher interest rate).

    You have nothing to lose...and £30 to gain. Your choice.
    I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Suzey wrote: »
    I'm assuming the £1k has to be in overnight - is this not the case with HICA?
    Discussed earlier in this thread...we don't know (yet?). Ordinarily I would leave it in overnight, but as you say there probably isn't time with 6 accounts and only £1K to play with.

    Worth a punt though?
  • Grade_A_Reject
    Grade_A_Reject Posts: 805 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    medic1978 wrote: »
    Those of you that have multiple Halifax accounts, are there any implications of the same £1000 cycling through all of them? Does it appear "dodgy"?! e.g what would tax man make of it

    The tax man will make £1.25 per account per month as the £5 is paid net. ;)
    "A nation of plenty so concerned with gain" - Isley Brothers - Harvest for the World
  • MiserlyMartin
    MiserlyMartin Posts: 2,284 Forumite
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    So far I have resisted this greedyness and have only applied for ONE of these accounts. They are bound to catch on soon and/or reduce the £5.

    What on earth is everybody doing with all those debit cards and cheque books?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    MiserlyMartin wrote: »
    What on earth is everybody doing with all those debit cards and cheque books?
    Debit cards in the safe, and selected 'no cheque book required'. ;)
  • 10_66
    10_66 Posts: 3,452 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    MiserlyMartin wrote: »
    What on earth is everybody doing with all those debit cards and cheque books?

    When I rang to query that I hadn't received cards (just in case lost in post) I was told their "system" (don't think they have any system) had accidentally not issued them, did I want them. No thanks.
  • bristolleedsfan
    bristolleedsfan Posts: 12,646 Forumite
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    MiserlyMartin wrote: »
    What on earth is everybody doing with all those debit cards and cheque books?


    Like YB, no request made for cheque book ;) , debit card good for having facility for 3 x maximum daily cashpoint/ branch withdrawal facility and for doing introductory gambling cashback deals. :j

    Only 2/3 debit cards received so far, missing one being the online application.
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
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    bristolleedsfan wrote: »
    ...... debit card good for having facility for 3 x maximum daily cashpoint/ branch withdrawal facility

    But you need to watch that's the day the £1k (x 3?) happens to be in transit (and parked) to that account? :D
    If you want to test the depth of the water .........don't use both feet !
  • Grade_A_Reject
    Grade_A_Reject Posts: 805 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    MiserlyMartin wrote: »
    So far I have resisted this greedyness and have only applied for ONE of these accounts.

    Greedy as in taking money from a bank that will quite happily charge you £5 a DAY
    for going a penny into an unauthorised overdraft? Did you read the bit in the banner at the top of the page that says "consumer revenge"?

    Yes you're right they will probably do a hasty rewrite of the T&Cs once they realise that people are milking their loophole.
    "A nation of plenty so concerned with gain" - Isley Brothers - Harvest for the World
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