Halifax Account

kitty_and_gucci_2008

Hi All,

I have been told that I ca apply for a Halifax Preference account with £500.

Can someone let me know the + and - of this account please.

Thank you.

Mikeyorks

'+ and -' ....... as related to what? It's a share dealing account - not a current account - so you're placing the question in the wrong forum. Savings and investments would be more relevant.

Read the basics here and check if it's what you thought it was ?

http://www.halifax.co.uk/sharedealing/investment_options/preference_shares.asp

BettySpaghetti_2

Sorry Mikeyorks, you're incorrect, it's not a share dealing account (that's preference shares). If you search the Halifax website it doesn't show up on because you only get offered one if you have a loan (or sometimes a high rate credit card) with them.

The preference account is like a separate pot of funds to your current account - or overdraft! They give you a card and, if you use it, the amount you spend will be taken from your current account at a later date, with mega interest added. It is NOT a credit card and therefore isn't covered by any of the credit card t&cs.

In short, no, don't apply for it.

cloudstrife_2

Just do a Google search for Bank of Scotland Preference Account!! The account is not actually provided by Halifax, which also means when you get the 'bill' you can't pay it in a Halifax branch!!

Cloud