MSE News: Halifax fires salvo in current account war 7 June 2010 at 1:19PM in Budgeting & Bank Accounts 21 replies 3.7K views

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Consumers who switch to the Halifax Reward current account can earn an initial £50 bonus and get paid £5 a month, if they transfer via price comparison site Moneysupermarket.com ..."

Read the full story:

Halifax fires salvo in current account war

foofi22

I already have a Halifax current account, so would I be eligible for the 'switching' bonus? Thanks

samjef11_2

foofi22 wrote: »

I already have a Halifax current account, so would I be eligible for the 'switching' bonus? Thanks

I would say no but don't i could be wrong I think you have to switch from another bank to get this offer.

runmichellerun

How frustrating. I switched to Halifax a couple of months ago.

samjef11_2

runmichellerun wrote: »

How frustrating. I switched to Halifax a couple of months ago.

Bad luck but still stick to what you got youy still better off than others.

noh

foofi22 wrote: »

I already have a Halifax current account, so would I be eligible for the 'switching' bonus? Thanks

The T+Cs are here:-
http://www.halifax.co.uk/bankaccounts/rcamsm100601.asp?source=NETMONSUREWCAINCETIV

The offer does not apply if you already hold a Reward Account.

So if your current account with Halifax is anything other than a Reward Account then you are eligible as long as you are switching from an account with another bank.

minnes_2

Halifax pay you £5 a month, but don't forget it costs you £12.50 a month, a good deal?

LittleVoice

minnes wrote: »

Halifax pay you £5 a month, but don't forget it costs you £12.50 a month, a good deal?

What is the "it" which costs £12.50 a month?

jambosans

LittleVoice wrote: »

What is the "it" which costs £12.50 a month?

I believe minnes is incorrectly indicating the Reward Current Account costs £12.50 per month. The Ultimate Reward Current Account costs £12.50, and this account does not qualify for the £50 cashback via Moneysupermarket.com.

So to answer the question:

_minnes wrote:

Halifax pay you £5 a month, but don't forget it costs you £12.50 a month, a good deal?

Yes, this is a good deal, because the account does not cost £12.50 per month.

Link to details on the offer:
http://www.halifax.co.uk/bankaccounts/rcamsm100601.asp?source=NETMONSUREWCAINCETIV

stoneman

Darn, me and missus already have 3 of these accounts each, oh well, £37.50 for throwing 1K around 6 accounts for a few minutes a month isn't a bad deal either.

DrScotsman

Hrm, tempting. I could do the whole shift-1K-around thing for the first 1 or 2 months, but I'd rather not do it regularly. So I'd be gaining £50 (+£5 or £10), ditching Alliance & Leicester (!!!) and ditching <£1 monthly in credit interest. Worth it?