Halifax Offering £100 To Switch To Them

regularsaver1

the normal card is not a nice

I like the Ultimate Reward card too. Its not supposed to be available until Monday - oops

mich_roh

How long do they plan to offer 6.17% interest rate; as Alliance and Leicester offer 6.1% till 30.04.08... i am unfortunately already an AANDL customer ... looks like NEW CUSTOMERS ONLY!!

regularsaver1

The Halifax high interest account is for both new and existing customers

The high interest account has been around for a while, but it was paying 5% and recently it increased to 6%, so this is not a new account

there is not a g'tee on the rate, but seeing as the 5% was around for a good while, I'd be taking it from there

jonnyb

OK, after reading 4 pages of the thread looking for this answer I've got bored and decided just to ask.
There is possibly 1 SO I do not want them to transfer; anyone know of a way to get them to leave that one alone ? It's for my barclays regular saver and I don't want it screwed up.

Also, I plan to move £1000 from websaver to new current account, then back again next day - looks to me like that will satusfy their T&C's - any problems with that ?

regularsaver1

Someone else asked this question about standing order for regular saver

why not cancel on existing account and set it up yourself on the new account?

as long as £1000 hits account should be ok

regularsaver1

"When is the next regular saver standing order due?
set it up yourself on the Halifax account. Because there is an interest free overdraft for 120 days you can do this. Then when Halifax contract existing bank for list of dd's and standing orders, that one will not be present
just an idea?"

The above post was my reply to someone else on post 167

jonnyb

The £1k has to come from outside (?) so websaver >> other CA >> New Halifax CA it is then

lipidicman - I could not see anywhere that says it must be external funds - where did you get that from ?
it might scupper my plans to use websaver money.

regularsaver1

"Conditions for the £100 switching incentive:

1. To qualify for the £100 switching payment you must open a new Halifax current account between 5th February 2007 and 23rd March 2007. All account openings are subject to acceptance.

2. You have to use our Switching Team to transfer Direct Debits and standing orders from your existing account elsewhere to your new Halifax current account.

3. Our Switching Team must receive your completed switching instruction forms by 30th April 2007.

4. You must make payments totalling at least £1,000 every month, into your new Halifax current account.

5. The £100 switching payment will be paid into your new current account by the end of the month following the month in which you make your second payment of £1,000 into your account. The second £1,000 payment must be received by 30th September 2007.

6. Payment applies to first account opened only, whether sole or joint. Joint account qualifies for one payment only.

7. The £100 offer is subject to change and may be withdrawn at any time.

8. The offer is open to new current account customers only and not available to existing Halifax current account holders. New customers opening a joint account with an existing sole account holder will not qualify for a payment.

9. Our Student Current Account is not eligible for the £100 switching payment.

10. This offer is not open to employees of HBOS plc. "


Does not say external. and does not say bank credit. Can be cash and cheques too

regularsaver1

Penny_Farthing wrote:

Just in case this is useful to anyone else - I called the helpline and they said we could swap some DDs from Nat West joint to Husbands NW sole account then open 2 sole accounts with them. We could transfer the DDs from his NW sole to his Halifax sole and the DDs from the NW joint into my Halifax sole and get the £100 each.

This seems to contradict what Regularmoneysaver has said about transferring from a joint acc to a sole acc but the lady on the phone said it was fine, they just couldn't pick and choose DDs, they had to come as a lump.

We'll see.

I called the AATS transfer team today and they said that you can definately not transfer from a joint account to a sole. They said the main problem is that the bank elsewhere would not agree to a transfer, if the names did not match. Sole to joint is ok though

if you ever call again, ask to speak directly with the aats switching team, rather than normal banking line

Penny_Farthing_2

Thanks I will. I applied on the phone but was referred for a 'human' decision. Even as I was applying and explaining what I wanted to do, the woman on the phone said it was fine. In the meantime, in the light of what you've said, I'll open a sole account at Nat West. Thanks for going to so much effort. I wish the bank would keep its staff properly informed.