HALIFAX £100 opening bonus

RichyRich

Just seen an advert on the TV for Halifax - if you open their reward current account and switch your existing account you will receive a £100 bonus.

The reward current account also pays £5 p.m. irrespective of whether you are overdrawn or in credit, but overdraft rates are steep.

I've just checked the website which states the following:

3. This offer only applies to applications received in branch, online or by telephone between 3rd January 2012 and midnight on 19th February 2012.

I just tried applying online and got an error so called them (I have a credit card with them) - their sales dept is closed but they said they'd call me back tomorrow.

Going to switch my and my wife's single accounts = £320 in the first year. Also going to ask about switching our joint account but don't think we'll get a £100 bonus for that. Still £60 a year though :money:

adamc260

RichyRich wrote: »

but overdraft rates are steep.

£1 a day? lol

arealhighlander

Unfortunately I have just opened this account with them, my letter is dated 31st December welcoming me, doh!

As I have a 14 day cooling off period, can I cancel straight away and then re-apply before 19th Feb. I'm sure the small print will say you will only get the £100 if you have not had the current account with them before, but as I cancel within my cooling off maybe I could argue I never actually had it?

Worth a go!

Lith

so just open a current account and you get £100 ? must be a 'catch' somewhere along the lines?

hmmm might make a Halifax current account with them then ? (will that be ok for me.. seeing as im with TSB?)

rb10

Lith wrote: »

so just open a current account and you get £100 ? must be a 'catch' somewhere along the lines?

Well there are the T&Cs, listed on their website.

TagEHeuer

Lith wrote: »

so just open a current account and you get £100 ? must be a 'catch' somewhere along the lines?

hmmm might make a Halifax current account with them then ? (will that be ok for me.. seeing as im with TSB?)

You have to move all direct debits with them, and do it via the switch team. Also you must have your work pay go in the account. This is to stop what people used to do, open the account, get the cash and go back to whoever they were with before. :rotfl:

[Deleted User]

WillEH wrote: »

You have to move all direct debits with them, and do it via the switch team. Also you must have your work pay go in the account. This is to stop what people used to do, open the account, get the cash and go back to whoever they were with before. :rotfl:

I believe you have to deposit £1000 per month to get the £5. What you could do of course is kep £1 in the account, deposit £1000 on a particular day every month then withdraw it the next. It's the depositing of the money that earns you the reward, not the balance.

TagEHeuer

Sleazy wrote: »

I believe you have to deposit £1000 per month to get the £5. What you could do of course is kep £1 in the account, deposit £1000 on a particular day every month then withdraw it the next. It's the depositing of the money that earns you the reward, not the balance.

Nothing to do with the £5 award thing, he's asking about the £100 bonus for joining... :beer:

Gromitt

When I asked in a branch about this, I was told that:

To get the £5, just deposit £1000 in the previous calendar month.
To get the £100, you need to switch your salary to the account. Must come from an account that is not in your name. The switching team will check this 4 weeks after the switching process is complete.

ses6jwg

Gromitt wrote: »

When I asked in a branch about this, I was told that:

To get the £5, just deposit £1000 in the previous calendar month.
To get the £100, you need to switch your salary to the account. Must come from an account that is not in your name. The switching team will check this 4 weeks after the switching process is complete.

what if you get paid via cheque?

starM

Terms and conditions do Not mention anything on salary to credited.

£100 to switch Terms and Conditions

1. To qualify for the £100 switching incentive (the "offer") you must successfully apply for a new Halifax Current Account, Halifax Reward Current Account or Halifax Ultimate Reward Current Account and use the Halifax Switching Service/Team to switch your existing current account from another bank. This means transferring all your direct debits and other regular payments from your existing bank to your new Halifax bank account ("your account") with us.

2. We reserve the right to claim back the offer if you do not complete the switch from your existing current account by transferring all your direct debits and other regular payments to your account.

3. This offer only applies to applications received in branch, online or by telephone between 3rd January 2012 and midnight on 19th February 2012.

4. Only one offer is available per customer. Joint accounts opened under the offer will only be eligible for one payment.

5. Customers who have been in receipt of a fee free overdraft in the last 12 months when using the Halifax Switching Service/ Team will not be eligible for another fee free overdraft. Whether you can have an overdraft and the amount will depend upon your personal circumstances at the time you apply for one. Any overdraft we agree is subject to status. Overdrafts are repayable on demand.

6. The offer will be paid directly into your account when we start your switch.

7. The offer will appear as a cash credit in your account.

8. Subject to condition 9 below, the offer excludes existing Halifax and Bank of Scotland bank account customers switching to new Halifax bank accounts.

9. All Halifax Current Accounts, Halifax Reward Current Accounts and Halifax Ultimate Reward Current Accounts are offered subject to status. Accounts can only be opened by personal customers. A customer can still hold one Halifax Reward Current Account and Halifax Ultimate Reward Current Account in their sole name and one in joint names.

The offer is available to existing customers who already have a Halifax or Bank of Scotland Current Account, Reward Current Account or Ultimate Reward Current Account in their sole name and wish to open a Halifax account in joint names.

The offer is available to existing customers who already have a Halifax or Bank of Scotland Current Account, Reward Current Account or Ultimate Reward Current Account in joint names and wish to open a Halifax account in their sole name.

The offer is not available to existing Halifax customers who are upgrading their account.

10. The following Halifax bank accounts are excluded from the offer: Easycash account, Cardcash account, Expresscash account and Student Current Account.

11. The offer is subject to change and can be withdrawn without notice at any time.

12. The offer is not available to employees of