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

freezspirit

I went into the branch to get gross interest paid on the account but only £5 is showing in the account online today. Do I have to contact someone to get the £1.25 added or do I wait for a whole year worth £15 then it gets added to the account?

apt

fablad75 wrote: »

I had a HICA and a Reward Current account. After reading the posts here I decided to try for two more Reward Current Accounts. The first one got approvd straight away, but the second one was pending approval. I just checked and it had been declined Maybe I shouldn't have tried applying for them both in one night!

Anyway I'm now thinking that I could UPGRADE my HICA to a Reward Current Account anyway. Anyone know if there could be problems upgrading if you've just been declined for a third Reward Current Account? Should I wait? Is there a credit check involved in upgrading, or is it a simple matter of redesignating it? I don't want too many marks on my credit report!

I don't see why that should be a problem as Halifax are phasing out the HICA. If switching to all Reward accounts you need to be sure you do not need an overdraft as the charges for this are relatively high on the Reward account.

Kavanne

freezspirit wrote: »

I went into the branch to get gross interest paid on the account but only £5 is showing in the account online today. Do I have to contact someone to get the £1.25 added or do I wait for a whole year worth £15 then it gets added to the account?

I believe you need to claim it back off inland revenue yourself if you're a non tax payer, halifax won't pay it gross.

derrick

Mine has been credited also to all 3 accounts, I would not have expected to see this until Tuesday, with the credit date of the 1st, this is how it has been done previously.

superstar_2

How much balance do you need to have in each accounts>?

YorkshireBoy

YorkshireBoy wrote: »

It's usually (always?) paid to the account on the overnight processing run at the end of the first working day of the month.

You'll probably see it Tuesday morning, but it'll be backdated to the 1st of the month, ie today.

Apologies for my duff information. I've now banished myself to corner of the room and I'm facing the wall.

KTF

superstar wrote: »

How much balance do you need to have in each accounts>?

You have to cycle through 1k a month but the min balance is £1.

littleange

KTF wrote: »

You have to cycle through 1k a month but the min balance is £1.

I thought it was 1p

LongTermLurker

YorkshireBoy wrote: »

Apologies for my duff information. I've now banished myself to corner of the room and I'm facing the wall.

Best place for you, but at least you're honest, so enjoy a pint on me while in self-imposed coventry :beer:

LongTermLurker

littleange wrote: »

Originally Posted by KTF
You have to cycle through 1k a month but the min balance is £1.

I thought it was 1p

In theory, there's no balance required because you can have an overdraft - therefore it's just a case of maintaining a positive balance to avoid the £1/day OD fee. 1p would appear to fulfill that requirement, though you run the risk of being labled tightars'