Halifax Offering £100 To Switch To Them

full-time-mum

jeanssis wrote:

There's NO need to do that, as long as Halifax get your £1,000 monthly plus you swap your DD's. It's up to YOU to do whatever you want with your existing bank.

Janice

What if you don't have any DDs? Do you still qualify?

Moonbeam

full-time-mum wrote:

What if you don't have any DDs? Do you still qualify?

You need to have something for them to switch using the AATS process - this can be a regular credit, a direct debit or a standing order. You can always set up a standing order to a savings account and then use the switching process...then just cancel the standing order once you've moved accounts!

houseboatdream

I was thinking about taking up this offer after seeing it Martin's Tips. Day at home today (snow!!!!) so taking a bit of time out to look at finances........

I've been with A&L for about 6 years for my main current account, never really had a problem with service. However just checking the interest rate on my current account and I find that yet again they have brought out a new current account (Premier Direct) paying 5.94% but not upgraded my account, so its still a Premier Account getting 1.49%. This is not the first time and I am a p!!!ed off about it. There is well over their £1000 requirement going in every month. Last time this happened I rang them up and they upgraded striaght away, I suppose they would again....

I know its my own fault for not keeping a closer eye on the rate but this time I think I'll vote with my feet (or mouse). Another thing that annoyed me was that yet again A&L have brought out a high rate paying account - 7% ISA but as usual its only available to new customers.

Moonbeam

mary wrote:

Moonbeam,

Do you happen to work for either Halifax of BOS? I have just applied for the Halifax account for £100, but you seem to be definitely saying that you can't have both HAlifax/BOS. Would I be definitely wasting my time? I do have another "free" current account I could use for the purpose.

I work for HBOS (no longer halifax or bank of scotland) - same company so if you already as they merged a number of years ago - therefore customers who have halifax/Bank of Scotland accounts have one customer record - that means no point in trying to walk into a Bank of Scotland branch to open an account using the offer if you already have a Halifax current account - or vice versa!!!

Moonbeam

mark-h wrote:

I'm thinking of signing up for this offer but I would like to keep my salary going into my A&L account and then transfer 1000 out each month - is this possible?

On the website it says:

2. Switch your Direct Debits, standing orders and automated credits (like your salary) to your new account

Does this mean that they will automatically transfer my salary from A&L to Halifax?

Thanks

Just tell them that you will take care of the credits yourself and that you only want them to switch the D/D's & S/O's.

Moonbeam

iwbus wrote:

2 dense questions here

- If I paid in 500 quid could I then take that back out, put it back in somewhen during the month and have that count as my 1000 for the month?

Yes - a lot of people do this

- Define a month. Can't see it in the small print but if I opened it today (7 Feb) is a month a certain number of days or by 7th of next month or whatever?[

Calander month.

/QUOTE]

No dense questions on this site...

bottwoman

I have a Current Account with Halifax, phoned them to check whether it's a High Interest Account, and was told it's a Current Account paying 1.51% interest. I enquired about the new High Interest Account, to be told that it's not being launched until 18 February, costs £10 a month to run, and includes free world-wide travel insurance, road-side assistance etc. I was also told that they presently have a High Interest Account which pays 5% (provided you pay in the £1000 a month etc), which I'm eligible to switch to. I'm going to do that, as I don't want to pay £10 a month to maintain an account, and don't need world-wide travel insurance etc. The 5% account doesn't appear in any of Halifax's "Current Interest Rates" listings, but the young lady I spoke to me assured me it exists, she has one herself, and is putting the necessary changeover paperwork in the post to me today. So, this may be a better option for you too.

Moonbeam

bottwoman wrote:

I have a Current Account with Halifax, phoned them to check whether it's a High Interest Account, and was told it's a Current Account paying 1.51% interest. I enquired about the new High Interest Account, to be told that it's not being launched until 18 February, costs £10 a month to run, and includes free world-wide travel insurance, road-side assistance etc. I was also told that they presently have a High Interest Account which pays 5% (provided you pay in the £1000 a month etc), which I'm eligible to switch to. I'm going to do that, as I don't want to pay £10 a month to maintain an account, and don't need world-wide travel insurance etc. The 5% account doesn't appear in any of Halifax's "Current Interest Rates" listings, but the young lady I spoke to me assured me it exists, she has one herself, and is putting the necessary changeover paperwork in the post to me today. So, this may be a better option for you too.

The High Interest Account you enquired about is the one you are about to open - interest rate now actually 6% not 5% as you were quoted. New account to be launched next week is the Ultimate account - separate account altogether. If you go to https://www.halifax.co.uk you will find al lthe information about the one you are about to open - under heading of High Interest Current Account.

Hope this helps

apples1

regularsaver1 wrote:

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

I opened a RBS current a/c last year to get their free £100. I used their a/c switching system as required to move my salary from my other current a/c. It was a joint a/c & the a/c I opened with them was a sole a/c. There was no prob with that.

I don't know what aats is - I am guessing "automated a/c transfer syetem??" Why would it be different with this one? I'm not asking to split hairs, I was going to do exactly that this time only for my husband (from joint to sole) so be a shame if their was problem with that.

phil7445

If people don't have any standing orders or direct debits then why not set up one to a chairty of your choice of say £1 a month? You get to do the £100 offer and you get to give to charity too! :-)