Halifax Offering £100 To Switch To Them

mrnomoneybags

I phoned them about the £1000 OD becuase my current Over Draft is £1200 they said i have to provide 3 months of bank statments........ what a waste of my time...................

regularsaver1

tomstickland wrote:

I've just had a quick look. Is it possible to open the account and not transfer any direct debits/salary details and just ensure that £1K per month is paid in?

Yes but you won't receive the £100

foxybabe

I have applied online to switch and as yet have not had any acknowledgement. Is this normal or should I get in touch. It has been approx 4 days.

thanks guys.

regularsaver1

Give a call as even if it had been referred to underwriter it wouldn't have taken this long

Penny_Farthing_2

Sorry to be 'persistant' but does anyone know the answers to my questions on page 6 of this thread, please?
(I've tried to quote them but I can't work out how to do both)

regularsaver1

Penny_Farthing wrote:

Hi
I'm considering moving accounts but was wondering

1 Would it negatively affect CCard type applications etc that ask how long you've been with your bank (20 yrs + now)

2 Would this be a fantastic interest rate for 6 months or so, then be pants and we'd have to move accounts again?

1. No won't effect credit cards. You will be credit scored for the Halifax account

2. No - this is called High Interest account. It is not new. It was 5%

regularsaver1

Penny_Farthing wrote:

Oh and can I have an account for me and my husband an account for him and we'd get £200 in total? We could swap all dds from our joint account to his sole account but could I then have some of those transferred to my new sole account even though the accounts would be in different names?

If you were to transfer your own sole account and fund it with £1000 a month then you would get the £100

If your husband did the same he would get £100 too as different customers

But if you wanted to do joint, then you won;t get the £100 again as you'd already received it on your sole one

You can't transfer from a joint to a sole acc, but you can sole to joint and sole to sole, and joint to joint

YorkshireBoy

regularsaver1 wrote:

1. No won't effect credit cards. You will be credit scored for the Halifax account

I think you may have misunderstood the question.

The answer is yes, future applications for credit - at least in the short to medium term - will be affected by the short relationship with the Halifax (if the "20 yrs + now" account being switched from is subsequently closed).

regularsaver1

ah yes, I see what you mean. Thanks YorkshireBoy

but you don;t have the fully close that account with the 20 year relationship - keep it open

Penny_Farthing_2

Thanks both

Yes - good point. We will just keep the longstanding account open.
Just to clarify further - will the Halifax accept a transfer of some DDs from a sole current acccount with Nat West (I know!!) in my husband's name to a sole High Interest account in my name? Otherwise, I'll have to go to the trouble of opening a sole account with Nat West in my name, transfer DDs from my joint account and the open a HI Halifax account. A faff, but worth it for £100!