Halifax Reward Current Account - pays you £5 per month.

10_66

MadMax2 wrote: »

Sorry if this has been asked before but can you open all your reward accounts together or is it best to wait a bit before each one?...

You don't have to wait before opening the others. In February, I opened my 3 in immediate succession.

s4mmy

Can you open more than one account in your name or do people use different members of the family?

opinions4u

s4mmy wrote: »

Can you open more than one account in your name or do people use different members of the family?

Post 27 above answers your question.

"Up to two account holders on an “either to sign” basis only. You can hold a total of three Halifax Ultimate Reward Current Accounts and Halifax Reward Current Accounts. For example, one joint Halifax Ultimate Reward Current Account and two sole Halifax Reward Current Accounts. "

That means there is a maximum of three per person. But it doesn't mean that they will necessarily accept you for three.

derrick

YorkshireBoy wrote: »

£1,000 NatWest 3.14% eSaver=>Reward 1
£1,005 Reward 1=>HICA
£1,000 HICA=>NatWest 3.14% eSaver
£1,000 NatWest 3.14% eSaver=>Reward 2
£1,005 Reward 2=>HICA
£1,000 HICA=>NatWest 3.14% eSaver
£1,000 NatWest 3.14% eSaver=>Reward 3
£1,005 Reward 3=>HICA
£1,000 HICA=>NatWest 3.14% eSaver

And, with FPs, all done in the time it takes to drink a cup of coffee.

Even simpler!

Why do you keep moving it back to the NatWest?

The way I do mine; -
Coventry BS > Reward 1 > Reward 2 > Reward 3 > Reward 1 > Coventry BS.
Even simpler;)

The reason I send it back to Reward 1 prior to Coventry is that I have no S/Os, DDs etc set up on the other 2 Reward accs.

YorkshireBoy

derrick wrote: »

Why do you keep moving it back to the NatWest?

So it always has the appearance of 'new money to Halifax'.

If (or should I say when?) Halifax get smart and start to investigate possible abuse by those with multiple Reward accounts I'm hoping they look at those funding internally first (that'll be you then ).

And, although you haven't asked, the reason I route back through my HICA is two-fold:

1. It gives the appearance of high monthly 'throughput' on the HICA, which I do use as my second main current account (it already receives my salary and has a few DD's on it) which acts to improve my internal rating with them (decent overdraft facilities if I want them for O/D matching purposes elsewhere, and pre-approved credit cards), and

2. The HICA already had a payee set up for NatWest and I'm too lazy to do the same, and mess about sending £1 test payments, for each of my Reward accounts!

Even simpler;)

But ever so slightly more riskier?

dinkygirl

query...i've just opened 3 of these accounts and only one shows up as being a reward current account the other two show as just current account???

anyone else noticed this?

rb10

dinkygirl wrote: »

query...i've just opened 3 of these accounts and only one shows up as being a reward current account the other two show as just current account???

anyone else noticed this?

Yep, wait a couple of days and they'll all show as Reward. It seems to do this with everyone.

robbo990

annual_gift_man wrote: »

doesnt ittake like 4 days to trans fer money from a bank account ot another so u have to do a lot of gay waiting around for it? u cant just all do it "in the space of a cup of tea"? can u?

You can with Faster Payments - either internally through Halifax or from one of the Banks registered for Faster Payments.

Faster Payments allow money to move through to account almost instantaneously

noh

annual_gift_man wrote: »

.......................

and how is u people getting 1000£ in the first place? Thats well lots of money

It sort of happens when you have a job.

YorkshireBoy

annual_gift_man wrote: »

how can i get me some o that !!!!!!?

Talk to your careers advisor when the schools go back the week after next?