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  • FIRST POST
    • jazzyjustlaw
    • By jazzyjustlaw 18th May 17, 8:45 PM
    • 1,331Posts
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    jazzyjustlaw
    Moving from Halifax current account
    • #1
    • 18th May 17, 8:45 PM
    Moving from Halifax current account 18th May 17 at 8:45 PM
    I have a Halifax current account, online saver, isa and credit card, if I switch to TSB current account and close the Halifax current will the other accounts remain in isolation or will I have to transfer those out too?
    All my views are just that and do not constitute legal advice in any way, shape or form.£2.00 savers club - £20.00 saved and banked (got a £2.00 pig and not counted the rest)Joined Store Cupboard Challenge]
Page 1
    • mrmajika
    • By mrmajika 18th May 17, 9:09 PM
    • 875 Posts
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    mrmajika
    • #2
    • 18th May 17, 9:09 PM
    • #2
    • 18th May 17, 9:09 PM
    The other accounts will remain as is. It is only the Halifax Current account that will be automatically closed by the Current Account Switch Service.
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right!
    • Robisere
    • By Robisere 18th May 17, 9:47 PM
    • 1,850 Posts
    • 2,641 Thanks
    Robisere
    • #3
    • 18th May 17, 9:47 PM
    • #3
    • 18th May 17, 9:47 PM
    mrmajika is correct, but if you wanted to move any or all of " online saver, isa and credit card, " you would be better off making an appointment to visit the Halifax branch. That's what we did when we moved it all to TSB from NW. Everything was sorted in one appointment.
    There may be more than one way to skin a cat.
    But the result is always inedible.

    • jazzyjustlaw
    • By jazzyjustlaw 18th May 17, 10:06 PM
    • 1,331 Posts
    • 1,845 Thanks
    jazzyjustlaw
    • #4
    • 18th May 17, 10:06 PM
    • #4
    • 18th May 17, 10:06 PM
    mrmajika is correct, but if you wanted to move any or all of " online saver, isa and credit card, " you would be better off making an appointment to visit the Halifax branch. That's what we did when we moved it all to TSB from NW. Everything was sorted in one appointment.
    Originally posted by Robisere
    I want to move to TSB not from, might speak to TSB but I thought I had to do it online. Although I could speak to the TSB about moving the rest. Not in a hurry tho!
    All my views are just that and do not constitute legal advice in any way, shape or form.£2.00 savers club - £20.00 saved and banked (got a £2.00 pig and not counted the rest)Joined Store Cupboard Challenge]
    • YorkshireBoy
    • By YorkshireBoy 18th May 17, 10:14 PM
    • 29,537 Posts
    • 17,354 Thanks
    YorkshireBoy
    • #5
    • 18th May 17, 10:14 PM
    • #5
    • 18th May 17, 10:14 PM
    Seem to remember that you can't (or at least couldn't) get online access to credit card accounts without holding a Halifax current account?

    So you might want to verify with Halifax that you won't lose online access when the current account is switched away.
    • takman
    • By takman 18th May 17, 10:52 PM
    • 2,825 Posts
    • 2,360 Thanks
    takman
    • #6
    • 18th May 17, 10:52 PM
    • #6
    • 18th May 17, 10:52 PM
    mrmajika is correct, but if you wanted to move any or all of " online saver, isa and credit card, " you would be better off making an appointment to visit the Halifax branch. That's what we did when we moved it all to TSB from NW. Everything was sorted in one appointment.
    Originally posted by Robisere
    This isn't the 1950's anymore!. You shouldn't ever get all financial products from one bank because you will almost certainly get a better deal by shopping around for each product. For example Online Savers and Isa's offer very poor interest rates compared to a combination of the best current accounts and regular savers.

    Also it's always best to have accounts with other banks so you can access your money if something happens to one particular bank.

    Plus there is no need to visit a branch these day everything can be done online much quicker.
    • mrmajika
    • By mrmajika 18th May 17, 10:58 PM
    • 875 Posts
    • 523 Thanks
    mrmajika
    • #7
    • 18th May 17, 10:58 PM
    • #7
    • 18th May 17, 10:58 PM
    Seem to remember that you can't (or at least couldn't) get online access to credit card accounts without holding a Halifax current account?

    So you might want to verify with Halifax that you won't lose online access when the current account is switched away.
    Originally posted by YorkshireBoy
    That rings a bell from a good few years back, but I've had the clarity card with online access where that was my only account with them, in more recent times.

    Thinking about it, you might find issues with your online saver with Halifax. I think some of their online savings need another Halifax (current?) account to transfer money to facilitate withdrawing it..
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right!
    • Westie983
    • By Westie983 19th May 17, 5:04 AM
    • 3,842 Posts
    • 14,003 Thanks
    Westie983
    • #8
    • 19th May 17, 5:04 AM
    • #8
    • 19th May 17, 5:04 AM
    You can have just a credit card, and you can have online access if you have any accounts with the halifax no requirement to have a current account, although internal rating does help with the credit limit and interest rate offered.

    If you switch your current account your savings, Isa and credit card will remain.

    Westie983
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • jazzyjustlaw
    • By jazzyjustlaw 19th May 17, 7:45 PM
    • 1,331 Posts
    • 1,845 Thanks
    jazzyjustlaw
    • #9
    • 19th May 17, 7:45 PM
    • #9
    • 19th May 17, 7:45 PM
    This isn't the 1950's anymore!. You shouldn't ever get all financial products from one bank because you will almost certainly get a better deal by shopping around for each product. For example Online Savers and Isa's offer very poor interest rates compared to a combination of the best current accounts and regular savers.

    Also it's always best to have accounts with other banks so you can access your money if something happens to one particular bank.

    Plus there is no need to visit a branch these day everything can be done online much quicker.
    Originally posted by takman
    I have a few savings accounts and a Premium Bonds. My emergency savings are with nationwide.
    All my views are just that and do not constitute legal advice in any way, shape or form.£2.00 savers club - £20.00 saved and banked (got a £2.00 pig and not counted the rest)Joined Store Cupboard Challenge]
    • 20aday
    • By 20aday 19th May 17, 11:16 PM
    • 2,063 Posts
    • 867 Thanks
    20aday
    My friend as a Halifax MasterCard (but not a current account) and is able to view his transactions etc online,
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
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