Halifax Reward Current Account

MrsBWannabe

Hi

Does anyone know what happens if I open one of these and then DON'T pay in £1000 a month? Do I just not get the £5 reward, or is it mandatory to pay £1000 in monthly?

Thanks for your help.

WelshPaul

Don't pay in a £1000 don't get a free £5 simples.

MrsBWannabe

So it's not mandatory to pay in £1000 a month then? Excellent ...

gazebo

how come when I do pay in more than a grand a month, I don't get the £5.00 reward then?

YorkshireBoy

gazebo wrote: »

how come when I do pay in more than a grand a month, I don't get the £5.00 reward then?

Probably because you don't have the Reward current account, just a standard current account.

You need to re-designate standard accounts to a Reward version. Have you done that?

gazebo

yes, thank you - statement says quite clearly at the top it's a Reward Current Account - and I do get the £5.00 sometimes.

mariapb

Make sure it is the right type of account for you. Yes it has benefits with it but will you use them? It can end up costing you £15 per month just to get £5 credited!

YorkshireBoy

mariapb wrote: »

Make sure it is the right type of account for you. Yes it has benefits with it but will you use them? It can end up costing you £15 per month just to get £5 credited!

This thread is about the Reward account, not the Ultimate Reward account.

YorkshireBoy

gazebo wrote: »

yes, thank you - statement says quite clearly at the top it's a Reward Current Account - and I do get the £5.00 sometimes.

Then you need to be asking Halifax why it's not being paid.

Just out of interest, you do know the credits are required per calendar month and not per billing, ie statement, month?

gazebo

I do know that, I get paid weekly, works out at over £1000.00 a month because it's nearly £300.00 a week.

I will ask them though cos it seems odd

uptomyeyeballs

This month they have rather cheekily applied an 'Overdraft Arrangement Fee' of £1.00 on my account, even though I haven't asked for an overdraft to be arranged. The account had a free £250 overdraft when I opened it, up until this month. :mad: