halifax moneyback account

sidewaysagain

Hi opinions4u,
you refer to online gambling with your Moneyback account. May I ask you which sites you've used your account with? Now that we've got less than 2 months usage of this account left, we might as well get as much use out of it as possible!
Thanks

YorkshireBoy

Kavanne wrote:

I heard they were withdrawing it from existing customers too?

anactuary wrote: »

I haven't had any notification but would be interested to hear any firm news on this if anybody (staff?) has heard anything.

If you're making more than £5 per month it looks like you'll lose out...

Halifax_Press_Release wrote:

Customers in the Moneyback Current Account (an account which hasn't been available to new customers since January 2008) will be transferred across to this new account – maintaining an account that rewards customers for their business. Moneyback customers need do nothing – we will be writing to inform them of this change in January.

http://www.hbosplc.com/media/pressreleases/articles/halifax/2008-12-12-Anewapproa.asp?section=halifax

opinions4u

sidewaysagain wrote: »

Hi opinions4u,
you refer to online gambling with your Moneyback account. May I ask you which sites you've used your account with? Now that we've got less than 2 months usage of this account left, we might as well get as much use out of it as possible!
Thanks

Any site that allows you to gamble.

I take no responsibility for any losses you make with your betting selections though!

The 1% moneyback becomes 0.1% after £100 has been earned.

[Deleted User]

YorkshireBoy wrote: »

If you're making more than £5 per month it looks like you'll lose out...

Agreed. I wonder how they'll treat accrued cashback eg my year ends in June so wonder if I will only be entitled to a proportion of the maximum £100 at 1% for the period June 2008 - Feb 2009.

scooby359

Yep, any accrued cashback will be paid mid feb

cannonball_2

Crikey, the overdraft fees are going to be quite large on this account now then, up to £1 a day on overdraft use up to £2500 and £2 a day on overdrafts over £2500. The moneyback overdraft rate is about 6.9% I think isnt it...a slight difference at the end of the month. Dont think this is an account if you're going to be overdrawn then...unless I have it wrong?:eek:

madeinleeds

Just caught up on this, I use the money back account, so sad that it will be closing down - I think I am up to 95quid this year so far, so will lose out

Kavanne

I went into halifax today and they had leaflets about the 'Reward Current Account', they said I could go into the branch to convert my account from the 8th February.

mooomin

If you do not want the Reward account, go into your branch before 8th February and change to another account. You will still get your Moneyback payment if you explain why you're changing

I will be visiting the branch just before the Reward Account goes live as I will otherwise be paying £25 per month in "being overdrawn fees" instead of the £4 a month in debit interest I currently pay.

If you don't do this, I believe that your only options after this time are the Reward Account (Daily charges for being overdrawn) or the Ultimate Reward Account (Monthly charges for having the account, but I think you get insurances with this account, it's a packaged one)

adri82

ive got the moneyback account too which has been really great ,for a year i earned 120 pounds and the overdraft rate is just so gr8 but they r taking it off today ,they said they ll give 5 pounds a month if u credit ur account more than 1000 £ a month but the overdraft rates are bad ,using 0-2500 £ u ll get charged 1 pound a day interest so the apr has gone to 16 % from 6 %.
so really really bad