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

shazkhan111

can u move £1000 from account 1 to 2 to 3 or does it need to be sourced externally?

cash-magnet

Can come from anywhere, inncluding transfering it between your halifax/bos accounts, in which case it's almost instantanious and then you move your money back out again to earn interest elsewhere.

oxenryd

bristolleedsfan wrote: »

My net monthly income is below 1000 a month and Ive got three accounts albeit two were opened at a branch. Being a Homeowner, 15 years at same address with no morgage of course has its own significance.

If you don't mind me asking bristolleedsfan, did you apply in branch because you'd been declined online ?

bristolleedsfan

oxenryd wrote: »

If you don't mind me asking bristolleedsfan, did you apply in branch because you'd been declined online ?

Nope I applied online on the Sunday evening that everyone else on here started applying, first application was automatically accepted, as was the case with many others on here I made immediate 2nd and 3rd applications, these were stated to have been received. On Wednesday following the Sunday I went to a Halifax branch to deposit some cheques, adding other funds so as to deposit 1000.00, I asked how many accounts could be opened, it was confirmed that three could be opened, I mentioned that I had applied for two others, was informed no sign of them, was asked " Would you like to apply for the other two now" to which I replied :T

Statements arrived Saturday, i noticed that statement period is account opening date- 2nd March which included 1000.00 cash i paid into a machine on 1 March in respect of one of my accounts so i thought best to transfer 1000.00 back into that account so as to not risk missing out on that 5.00 payment as the statement period has included 1000.00 x 2 payments into one statement period.

shazkhan111

cash-magnet wrote: »

Can come from anywhere, inncluding transfering it between your halifax/bos accounts, in which case it's almost instantanious and then you move your money back out again to earn interest elsewhere.

is this stated anywhere in t&c?

YorkshireBoy

shazkhan111 wrote: »

is this stated anywhere in t&c?

No, but then again, nor is it not. The answer was given based on anecdotal evidence.

rb10

shazkhan111 wrote: »

is this stated anywhere in t&c?

No, but the evidence from what I got at the start of March (see here) shows that it is allowed.

[Deleted User]

bristolleedsfan wrote: »

I mentioned that I had applied for two others, was informed no sign of them, was asked " Would you like to apply for the other two now" to which I replied :T

Hmm. I suspect there *was* a sign of the other two but they wanted you to re-apply so they'd get their bonuses...shame your credit rating will now have *six* searches against it :eek:

bristolleedsfan

Deleted_User wrote: »

Hmm. I suspect there *was* a sign of the other two but they wanted you to re-apply so they'd get their bonuses...shame your credit rating will now have *six* searches against it :eek:

Both Abbey and Halifax told me makes no difference unless someone is making say 30 credit applications in a very short space of time and that the main important thing is not to miss any repayments/payments. HSBC and A+L Current Accounts accepted August 2008,+ A+L Credit Card accepted August 2008, Abbey C/A accepted December 2008, Nationwide second Current Account accepted January 2009, Halifax C/A x 3 accepted February 2009. :eek:

littlemissmoney

Hi

I'm lovin' this offer I've opened 3 accounts. I'm still confused about the best way to get £1K through them each month whilst minimising the interest lost on the money and also minimising manual effort on my part. Can anyone advise what they are doing / going to do?

Is it true that I can transfer up to £500 to and from A&L using the faster payments sytem? Or should I just open a Halifax savings account (none of which look very good)? I'm thinking I could set up a standing order to move £100 back and forth each day to mimimise interest lost. Or is this over complicating things? What is everyone else doing?