Halifax Offering £100 To Switch To Them

YorkshireBoy

Moonbeam wrote:

Although Bank of Scotland and Halifax have different branding the products they offer are the same - therefore they create one customer portfolio which details all of your accounts (Halifax & Bank of Scotland together). That would mean that you would only be eligible for £100 cashback on one account - and if that account is held in joint names then you would only receive it once between both you and your wife....so if you are going to do it I would suggest that you open 2 separate current accounts in sole names to get the maximum benefit!

The AATS transfer process can transfer more than one account at a time and the £100 offer is per AATS transfer - so only 1 x £100 per customer.

Thanks Moonbeam, you've just confirmed my fears.

I've been informed on another forum this evening that Halifax 'tend' to brand their current accounts under the BoS umbrella anyway. Also, earlier today I visited the BoS website and managed to log into my Halifax account portfolio.

Anyway, a pair of these accounts will, as well as making us an easy £200, be a nice follow on for when our A&L Premier Direct account intro rate periods end in April.

Moonbeam

If you are already a current account customer then I don't think you'll be eligible for the £100 switching promotion - not sure on the rules though if it is only savings accounts you hold!!! I would guess that you would be eligible if you only hold savings accounts!!

As for being branded BOS or Halifax - it simply depends on where you open your current account - if you go to the bank of scotland website it will be BOS branded, if you go to the Halifax one it will be Halifax!!! Basically all HBOS though.....

YorkshireBoy

Moonbeam wrote:

if it is only savings accounts you hold!!!

Yes, ISA (just transferred out) and Web Saver.

jeanssis

fossman wrote:

Just applied online for the High Interest Current Account.

How long do I need to keep the account open for? Can I just pay two months salary in then close it?

I see no reason why, does anyone else ? I see nothing in terms & conditions for the offer ! Now THERE'S a GOOD idea.

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.

Mr&MrsSkint

I wouldn't open it with them in the first place. They closed one I opened a while ago even though I told them (four times)that I wouldn't be using it for a couple of months due to moving house etc. But they closed it the day we went in to activate it...but they forgot to mention this of course.

regularsaver1

However - you are not supposed to be able to have a Halifax One card and a BOS One card - but I have both

I have seen people with both BOS and Halifax current accounts

Guys - please remember that you can not do an aats transfer from a joint account to a sole account

regularsaver1

Mr&MrsSkint wrote:

I wouldn't open it with them in the first place. They closed one I opened a while ago even though I told them (four times)that I wouldn't be using it for a couple of months due to moving house etc. But they closed it the day we went in to activate it...but they forgot to mention this of course.

You have to activiate the account with some funds in the first 3 months to actually open the account. If you don't the account is only offered and not open, and the offer last the 3 months

£100 orders the card, - and the aats transfer can not be started until these funds have been received.

the £100 can be taken out the next working day after card ordered

your choice to delay it

david69_2

My partner wants to open an account with halifax but she would rather go into the branch rather than do it online will she still get the £100,and what if you dont have any standing orders or d-debits to transfer will you still be able to claim?

catz747

When the transfer is completed, the Halifax send a summary of your account in the first few months e.g. payments received, direct debits set up and direct debits paid.

They send you a standard letter with your bank details which you send with your cut up cards and cheques to the old bank. The letter requests that if you are O/D, they contact you, if you are in credit, they pay you by bacs or cheque.

Sillychuckie

Well... halifax are dumb.

I applied for an account on Sunday, also requesting my account be switched from A&L.

On Tuesday I get a letter stating that my account can not be 'switched', because my halifax account isn't 'open' yet.
On wednesday I get a letter stating that my account has been offered, and i'll need to pay in £100 to 'open' it.

Why don't they delay the switching process for new applications?
If they start them at the same time they start processing the application, it is blindingly obvious the account won't be open in time.
Bunch of morons...

Now i'll have to go into a branch, pay in £100, download the switching forms and send them off manually.
Not too fussed really, but it just seems so stupid that they attempted to initiate the switch already (probably on Monday, considering I got the failure letter on Tue), but only processed the account opening (to send me my docs) on Tuesday.
These places should have processes that stop this sort of thing.