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    • datlex
    • By datlex 29th Nov 17, 11:47 PM
    • 1,456Posts
    • 1,237Thanks
    datlex
    Halifax Zero Balance Alert
    • #1
    • 29th Nov 17, 11:47 PM
    Halifax Zero Balance Alert 29th Nov 17 at 11:47 PM
    Does anyone know if Halifax have changed their policy on zero balances. I keep my balance at zero then pay in the day before a bill is due. Today I got a text saying my balance was low. Which has never happened before. There was no pending payment showing on the account. Next payment is due to go out tomorrow and there is money to cover that in there, which I think may have crossed with the text.
Page 1
    • AirlieBird
    • By AirlieBird 30th Nov 17, 12:42 AM
    • 746 Posts
    • 530 Thanks
    AirlieBird
    • #2
    • 30th Nov 17, 12:42 AM
    • #2
    • 30th Nov 17, 12:42 AM
    From the beginning of November all Lloyds Banking Group banks have changed to automatically send text alerts once your balance falls under £50, go into your overdraft or don't have enough to pay a standing order.

    http://www.halifax.co.uk/aboutonline/things-you-can-do/mobile-alerts/
    • msallen
    • By msallen 30th Nov 17, 8:44 AM
    • 595 Posts
    • 574 Thanks
    msallen
    • #3
    • 30th Nov 17, 8:44 AM
    • #3
    • 30th Nov 17, 8:44 AM
    As AirlieBird says, this is just a change to opt-out rather than opt-in alerts so not in itself any concern. However I personally wouldn't run a bank account I was "exploiting" at zero balance - that's just asking for it to be picked up up by a simple database query and closed. Personally I deposit enough into my Halifax account to cover my DDs once a month and leave a balance of between £1-£2 after they're paid.
    • datlex
    • By datlex 30th Nov 17, 6:19 PM
    • 1,456 Posts
    • 1,237 Thanks
    datlex
    • #4
    • 30th Nov 17, 6:19 PM
    • #4
    • 30th Nov 17, 6:19 PM
    As AirlieBird says, this is just a change to opt-out rather than opt-in alerts so not in itself any concern. However I personally wouldn't run a bank account I was "exploiting" at zero balance - that's just asking for it to be picked up up by a simple database query and closed. Personally I deposit enough into my Halifax account to cover my DDs once a month and leave a balance of between £1-£2 after they're paid.
    Originally posted by msallen
    Who said anything about exploiting it? I just prefer to earn a bit of interest on my money. Best part of £1500 goes through it every month. This is not an account which is used to pay nominal direct debits to gain the reward payment.
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