Been Naughty applied for Halifax c/c

Bosie

Hannah_10 wrote: »

Are you sure it's not just better to lower it to £100 for damage limitation? It would mean that 1. If you did have a hiccup and went slightly over you wouldn't have the bank charges to worry about and 2. £100 isn't a lot of temptation compared to £250 and compared to the charges it might save you.

Good point, I've not had an overdraft in over 6 years due to my previous:o So might ask them to reduce it.

Azrael_1701

YorkshireBoy wrote: »

So this is the 'Everyday' account?

Looks like it's identical to the Reward account, apart from the £1K monthly funding/£5 Reward.

How about redesignating it a Reward account (once it's formally open) and making yourself a free £60 a year? I remember from an earlier post you're "not on big money". That doesn't matter since as long as you credit a total of £1K (ie 2 x £500...just cycle it out to a WebSaver and back again) you'll get the fiver.

Worth a thought?

apart from the fact that you only get 1 free withdrawal with a websaver, every one after that is charged at 30 days interest, so you wont be making much, if anything. Unless your talking about a fixed websaver, but at 0.2% it isnt really worth it....

YorkshireBoy

Azrael_1701 wrote: »

apart from the fact that you only get 1 free withdrawal with a websaver, every one after that is charged at 30 days interest

That would be the WebSaver Extra. I was talking about a WebSaver.

so you wont be making much, if anything.

Earning interest isn't the objective here. Earning the £5 Reward payment by kidding the Halifax systems into thinking you've credited £1,000 that month (when you technically haven't) is the objective.

Unless your talking about a fixed websaver, but at 0.2% it isnt really worth it....

That's not a "fixed" WebSaver though is it? It's a [URL="http://www.halifax.co.uk/savings/variablewebsavernocard.asp]"]variable WebSaver[/URL]. Anyway, as I said, earning interest isn't the objective for the OP.