Halifax £100 Opening Bonus

coldcazzie

Interesting... I was wondering about opening one of these. The salary question was one I had, but it seems answered by the above t&c quote.

We've still got our old current account open... with the addition of a small SO which would be switched over we'd qualify for the £100 incentive, and the £5 pcm for a little bit of extra work (couple of days after pay day moving £1k around) would go well towards savings...

Lc3590

Hello all, just joined the site found some very useful stuff here. :-)
I have just registered on Halifax for this offer over the net, I only have 1 DD (non halifax account) out of the account Halifax are going to switch (reason being me and my partner have a joint account where we transfer X amount each month for all the dd's to split it equally)
Do you think I will get the £100 with only 1 DD?
Also I cannot get form the t&c's I get over £1000 a month so do I need to transfer my wages to the new Halifax account?
Thanks in advance!!

AHK

they've told me in store that i need two direct debits to be transferred to qualify for the £100 offer

snowleopard61

I really don't want to lose my Natwest current account as my main account as I've banked with them for over 30 years and have found them very efficient and I like the way everything is set out, including their online banking. However, this is obviously a very tempting offer. Initially I thought I could arrange for my salary to be paid into the Halifax and arrange a standing order every month for it to be paid straight back to Natwest, but now I see you have to move your direct debits etc. too. Is there any way round it? How would Halifax know if you had moved them all or only one or two insignificant ones?

YorkshireBoy

snowleopard61 wrote: »

Is there any way round it?

Keep a dummy current account for such switching offers.

How would Halifax know if you had moved them all or only one or two insignificant ones?

Because they write to your bank and obtain a full list of DDs, SOs, and bill payments.

Some banks send you this list for approval before actioning the switch, but if you cross one (or more) out you won't get the incentive.

snowleopard61

YorkshireBoy wrote: »

Keep a dummy current account for such switching offers.Because they write to your bank and obtain a full list of DDs, SOs, and bill payments.

Some banks send you this list for approval before actioning the switch, but if you cross one (or more) out you won't get the incentive.

If so, a dummy account wouldn't help, surely?

YorkshireBoy

snowleopard61 wrote: »

If so, a dummy account wouldn't help, surely?

Why not?

If you'd had a dummy account you'd have simply set up 2 standing orders on it (to your savings accounts for example) the moment you saw the Halifax offer...and then ask Halifax to switch these.

snowleopard61

Oh, I see! Sorry, was a bit slow; hadn't thought of using a dummy account for dummy standing orders as well.

I suppose I could do this for the future, possibly even for the purpose of the Halifax offer if it lasts long enough. I've noticed a lot of banks seem to require large monthly minimum deposits now, as if they are only interested in your business if they are your main current account, although presumably it must be possible to have a salary paid in and then out again as I mentioned before.

IrishGypsy

Would two standing orders only work? It seems to mention DD's AND other payments....

coldcazzie

IrishGypsy wrote: »

Would two standing orders only work? It seems to mention DD's AND other payments....

This is the only sticking point in my opinion. If this can be cleared up I'll be happy...