Halifax £5 reward

D1zzy

billbennett wrote: »

At the time of writing, it was three. It's more for reference than for guidance.

However, if you are going to refer people to your own site - at least keep it upto date or check its accuracy before refering (BTW what was Rowan Atkinson doing fondling yr petunias :rotfl:)

Mikeyorks

parristim wrote: »

I've never had a problem before either - all my transfers are internal Halifax so should be 'immune' to delays for weekends/holidays, and indeed have been working fine for months now.

Fine ....... but one of your earlier posts had indicated the cycle started with HSBC?
http://forums.moneysavingexpert.com/showpost.html?p=19162539&postcount=383

...... but if you're now cycling purely within Halifax (?) ...... and you have 4 accounts through which you say you cycle £150??? Then that's 29 iterations per month in order to get the £150 into each account 7 times (to meet the £1k funding). And, as you can't do a SO automatically from account 2 on the same day the SO from account 1 is due into it (because you can't guarantee the order of process within the database) ..... then it's vaguely inevitable, with that lack of contingency, that it's going to go sunny side up at some point!

Tell me I read it wrongly - but that is from your recent posts.

parristim

Hehe, I'm slightly scared that everything I've ever written to the internets is stored somewhere!

I gave up on the inter-bank transfers as they were unreliable, as described in that post. Since then I set up 4 x 7 SOs of £150 through each of my 4 HBOS accounts:

Days 1, 5, 9, 13, 17, 21 and 25: transfer A to B
Days 2, 6, 10, 14, 18, 22 and 26: transfer B to C
Days 3, 7, 11, 15, 19, 23 and 27: transfer C to D
Days 4, 8, 12, 16, 20, 24 and 28: transfer D back to A

...thus there is never more than one transfer on the same day and it should work even in Februaries - indeed it has been fine for months now. I think the order-of-processing idea mentioned may be the reason for failure, if one of the weekend/holiday transfers found its way to being actioned before another for some odd reason then the house of cards came tumbling down.

I'll need to keep a very close eye - it's fine my messing about with this in my own name but missed payments in my OH's names might blot her credit file and lose me vital anatomical sections!

Mikeyorks

Notwithstanding that all looks a bit tedious ..... it should actually work, as these are all within Halifax. They Batch process every day .... so the payments should move as you've organised them.

Personally I'd dedicate 30 mins / month to just sitting down and doing it all manually via online transfer. That way you can see it's worked prior the next step ......... and it safeguards the dangly bits!

(Now suspect you've fallen foul of the oddity that Halifax pre-process SOs due out on the Monday - during the Sunday (with the Mon date). But that doesn't hold too much water - as, (like the apple and the Doctor) you have an SO every day! So you should have been blown out of the water at a relatively early stage ........ if they were going to take that as a default. But I've nothing else to hang the proverbial on?)

parristim

I think it's the classic case of the bank debiting your account first, before crediting your account as the very last thing in the queue - i.e. you can have a payment out on the same day as one in, but they take any opportunity they can take to screw you as overdrawn in the meantime. Even if the credit is made in real-time prior to the debit, when it all shakes out, the order is reversed on the statement (my 'you're in trouble' letters were dated the day *after* the failed payments).

What confirmed this for me was just now I logged in to 'switch off' the first four January payments as I'll be away and unable to monitor them. The small print says 'please make sure you have enough money in your account the day *before* the payment is due to be made'.

So yes, I'm going to cancel all the SOs and just spend the time doing the legwork each month, maybe with some extra 'external' money to save the number of transfers I have to do. Although keeping it under £500 to avoid the faster/non-faster payments issues I experienced before.

This works out quite nicely actually as I'm currently having a bit of a tidy-out and trying to reduce the amount of money I've got tied up in daft schemes like this!