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Halifax/BoS Reward Current Account

24

Comments

  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    So to confirm with the Halifax Reward and RBS Reward account - You can only have 1 single account and 1 joint account with each institution?
    If I've help in anyway, please remember to thank me :-)
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Mikeyorks wrote: »
    Overnight - tonight.

    I have just signed up for the Halifax Reward account - You get your fiver during the early hours on the 2nd of each month?
    If I've help in anyway, please remember to thank me :-)
  • jambosans
    jambosans Posts: 1,493 Forumite
    mrchagle wrote: »
    So to confirm with the Halifax Reward and RBS Reward account - You can only have 1 single account and 1 joint account with each institution?

    No, one sole, and one joint across both brands. Halifax is a brand name for Bank of Scotland (not RBS), so anyone who holds a Halifax Reward Current Account, effectively holds a BoS Reward Current Account - i.e. it's the same bank.
    mrchagle wrote: »
    I have just signed up for the Halifax Reward account - You get your fiver during the early hours on the 2nd of each month?

    Normally, quoted time by HBOS is within 10 days of the following calendar month. However I've always had my £5 paid on the 2nd.
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    jambosans wrote: »
    No, one sole, and one joint across both brands. Halifax is a brand name for Bank of Scotland (not RBS), so anyone who holds a Halifax Reward Current Account, effectively holds a BoS Reward Current Account - i.e. it's the same bank.

    .

    Looks like I missed the boat on this one! Just one account for me then, Halifax. Looks like a few people have got a few accounts.....
    If I've help in anyway, please remember to thank me :-)
  • jambosans
    jambosans Posts: 1,493 Forumite
    mrchagle wrote: »
    Looks like I missed the boat on this one! Just one account for me then, Halifax. Looks like a few people have got a few accounts.....

    Yurp, HBOS tightened up their T&C's on 01/11/09, before then you could have three Reward Current Accounts. :(
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thanks jambosans. Still a few fiver a month, £60 a year for doing nothing! :-)
    If I've help in anyway, please remember to thank me :-)
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Are there any other institutions that offer a similar Reward scheme. Did a few searches, but nothing quite like HBoS
    If I've help in anyway, please remember to thank me :-)
  • jambosans
    jambosans Posts: 1,493 Forumite
    mrchagle wrote: »
    Still a few fiver a month, £60 a year for doing nothing! :-)

    Better than nothing, you don't even need to use the account. Just transfer £1k in an out on the same day. The T&C's might be strict on the number of accounts you can hold, but the criteria to qualify for £5 Reward is practically non-existant.
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    jambosans wrote: »
    . The T&C's might be strict on the number of accounts you can hold, but the criteria to qualify for £5 Reward is practically non-existant.

    At the moment! :-) Until they realise! :eek:
    If I've help in anyway, please remember to thank me :-)
  • Old_Wrinkly
    Old_Wrinkly Posts: 5,182 Forumite
    edited 2 March 2010 at 6:28AM
    Originally Posted by jambosans
    The T&C's might be strict on the number of accounts you can hold, but the criteria to qualify for £5 Reward is practically non-existant.

    Originally Posted by     mrchagle
    At the moment! :-) Until they realise! :eek:
    Oh, I'm sure they realise .... ;)
    And no doubt someone's took a bit of stick over the rather lax T&Cs :D
    They just haven't decided whether to do anything more about it yet, and if (in the big scheme of things) it's worth the cost & effort (beyond the restrictions on accounts held).
    After all, they have got some personal details on you for the cost of a fiver a month (for new accounts). Fair trade ...?
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