Halifax Reward Current account

lostinlost2

Am I right in saying that if I put £1,000 in there and then take it out the next day I will get the £5 given to me for the next month? Sounds far too easy, there must be a catch!

opinions4u

Take it out the same day, in the same minute, and you'll still get the fiver.

lostinlost2

opinions4u wrote: »

Take it out the same day, in the same minute, and you'll still get the fiver.

Wow, thanks
So simple it is! I guess everybody is doing it

MoneySaverLog

FP from Lloyds TSB into Halifax.

Login to Halifax, money shows up straight away.
FP from Halifax to Lloyds
Log back into Lloyds - money is back

2nd of the month, log into Halifax, transfer my free £5 over to Lloyds TSB

Simple as.

I just leave a £1 in the reward account to keep it open, it pays no interest but love the free fiver!

Decluttering

No catch, pay in £1000, get £5

chanz4

get a joint account on top and thats £10

mondello

Yes I was transfering money backwards and forwards from my savings to current account in order to get my £5 when I was unemployed and didn't have a salary going on. Didn't have any problems with getting my £5

MoneySaverLog

On the subject of FP, tomorrow is payday and I'm wondering if halifax now accepting FP into and out of the reward account? I know they were having problems earlier in the week following their system upgrades and payments were going via BACS instead for some reason.

lostinlost2

chanz4 wrote: »

get a joint account on top and thats £10

How do you do that? As I've applied for my Halifax current account today so it will be a while before I get the ball rolling. But after I sort everything out, do I just apply again?

MoneySaverLog

Yes, or pop along to your local branch and open up a joint account too. Your other half can get a fiver in their name too. So that's £15 between you :-)

At one point you could each have up to 3 reward accounts, but they soon stopped that for new customers. Cannot imagine why.

lostinlost2

MoneySaverLog wrote: »

Yes, or pop along to your local branch and open up a joint account too. Your other half can get a fiver in their name too. So that's £15 between you :-)

At one point you could each have up to 3 reward accounts, but they soon stopped that for new customers. Cannot imagine why.

Cool thanks.