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

LongTermLurker

Milarky wrote: »

I agree with this above over the enthusiasm shown to open several Reward accounts. I have 2 now and got 2 x £5 for March, but if I use my Halifax accounts with a nil balance (as I do now there is no in-credit interest) then any payments will take me past zero and I have to spot whenever this happens by checking the balance (well!) daily. I wonder how long it will be before even I make a slip up (It only has to be -1p for five days in a month remember...)?

Come on M, you of all people should be able to keep a quid or so in - getting the most out of the account doesn't mean you have to take things to the far end of a fart

aliasojo

LongTermLurker wrote: »

You're not doing anything daft like trying to transfer £100 20 times are you?

Lol..no.

On my account I had just transferred £300 from 2 accounts and my OH was in the process of doing his first transfer.

LongTermLurker

aliasojo wrote: »

Lol..no.

On my account I had just transferred £300 from 2 accounts and my OH was in the process of doing his first transfer.

Well depending how you use those accounts, that shouldn't normally count as unusual - I transfer money all over the place and I think they'd count it as unusual if I wrote 2 cheques within the same 6 month period

PinkPig

Milarky wrote: »

I agree with this above over the enthusiasm shown to open several Reward accounts. I have 2 now and got 2 x £5 for March, but if I use my Halifax accounts with a nil balance (as I do now there is no in-credit interest) then any payments will take me past zero and I have to spot whenever this happens by checking the balance (well!) daily. I wonder how long it will be before even I make a slip up (It only has to be -1p for five days in a month remember...)?

If you're likely to make a mistake, why leave it with a nil balance? If you think it's possible that you might make a mistake then that's an insane thing to do, whether or not they pay interest. For the £5 reward to be worse than interest you'd need to have an average balance of well over £1000. Putting an extra £50 in to avoid mistakes will cost you a negligible amount in lost interest elsewhere.

aliasojo

LongTermLurker wrote: »

Well depending how you use those accounts, that shouldn't normally count as unusual

Hence my frustration. The accounts I was moving from were new so no 'history' to judge activity with.

Existing HI account is used frequently to transfer to and from and to pay bills online (has been for years).

Who knows what trigggered this, I only hope it was a one-off.

Mikeyorks

aliasojo wrote: »

Who knows what trigggered this, I only hope it was a one-off.

At a guess ..... you were using a PC with an IP address other than the one you normally use (and which Halifax have a record of)? As that will trigger an in-situ security check.

Mikeyorks

Milarky wrote: »

but if I use my Halifax accounts with a nil balance (as I do now there is no in-credit interest) then any payments will take me past zero

Now come on ... there's parsimonious and there's down right mean!

I was moving some money around earlier today ... and had a choice of moving a temporarily surplus £500 out of the Reward account either today or tomorrow. As it then sits, for convenience awaiting DDs, in a standard Websaver. Out of curiousity I worked out that I lose the princely sum of (£500 @ 1.30%) £0.018 gross if I wait the one day! So I moved it!

So you're not going to lose either much sleep or Interest if you leave £100 for safety? And you need to rationalise that you would have to currently (if it's still 1.5% on the first £2500) hold £40,000 permanently in a HICA to achieve the £75 gross pa the Reward pays! (£2500 @ 1.5% = £37.50 + £37,500 @ 0.1% = £37.50)

So just view it as an essential trade-off.

LongTermLurker

Mikeyorks wrote: »

At a guess ..... you were using a PC with an IP address other than the one you normally use (and which Halifax have a record of)? As that will trigger an in-situ security check.

Does Hx do that? That would be a bad metric to check on, because many people will still be assigned dynamic IP addresses, so a trusted IP address will move round multiple people on a daily basis. It's also a highly insecure option to take, because an entire company will often be hidden behind a single IP address. I know A&L note IP addresses before asking further security questions, but HX have never advertised that fact.

there's parsimonious and there's down right mean!

I agree - I think...

gelato_cat

Got the March bonus, followed by a letter saying I'm only allowed three RAs so they're closing this one in early May. So I don't think I'll complain about not having received the Feb bonus...

Suze

Suzey wrote: »

I've got three Halifax RAs and a BoS one but didn't get the bonus for the BoS one last month...

Suze

aliasojo

Mikeyorks wrote: »

At a guess ..... you were using a PC with an IP address other than the one you normally use (and which Halifax have a record of)? As that will trigger an in-situ security check.

Nope. Same pc.