Halifax £100 lure was a complete & utter waste of time for me

pqrdef

jalexa wrote: »

The offer link that makes no mention of "salary transfer" is specifically for a Reward account where there is a minimum funding requirement (£1000).

There's no minimum funding requirement for a Reward account. Any month you don't fund it, no cookie, that's all.

In any case, most people going through the hassle of taking up the switching offer will be planning to cycle £1000pm through to get the fivers. The argument is about the suggestion that this won't be enough to stop the account quality team clawing back the £100 switching incentive.

pqrdef

And what do they mean by "all your regular payments"? I've got 9 current accounts. I want to switch one of them. Do they want me to switch all 9?

Mandelbrot

Mikeyorks wrote: »

So I trust people are copying the T&Cs from the relevant page as they apply.

Always do.
Doesn't everybody? :think:

Mandelbrot

pqrdef wrote: »

And what do they mean by "all your regular payments"? I've got 9 current accounts. I want to switch one of them. Do they want me to switch all 9?

Exactly!
It's like that 'your existing account' phrase.
Do they really think people only have one bank account these days?

u704446

pqrdef wrote: »

And what do they mean by "all your regular payments"? I've got 9 current accounts. I want to switch one of them. Do they want me to switch all 9?

It means regular payments from your chosen one existing account you want to switch from.

whitewater_2

its possible to use the switching service without the £100 incentive, to get it you need to transfer the salary.

Any genuine customers wanting to switch wont lose out, the t&c's are there to stop people who have no intention of being genuine from taking advantage.

Ill be glad when March comes around and i can go back to my normal boring role :rotfl:

beesleg

I've completed my application today. Contrary to the Ts & Cs published on their website, the branch clerk insisted on Salary transfer (for the £100 bonus) which their telephone staff didn't (I had clearly stated that I would be paying in a lump sum each month from another current account). Not only that, the branch clerk insisted on a £100 cash deposit before the bonus £100 could be paid in. I was getting a bit wound up & my wife was expecting me to walk out but I finally relented. WHAT HAVE I DONE?....... I hope their switching team are more efficient than Santanders.

Gromitt

beesleg wrote: »

WHAT HAVE I DONE?.......

Sounds like you've opened a Halifax reward account for no incentive (whitewater will remove your £100 as soon as he notices that no salary is paid in)

YorkshireBoy

beesleg wrote: »

...the branch clerk insisted on a £100 cash deposit before the bonus £100 could be paid in.

The £100 is generally (or at least was for a long time) required to generate the issue of your debit card.

sief

Applied and got the same BS letter with an application form for an EasyCash, without any clear pointer to the fact that it's excluded from the £100/£5 offer. As if I really, really wanted to bank with them no matter what and the reward was just a nice extra :mad:

Rang them up and asked why I was refused, but they gave up no information whatsoever, only that I should go talk to equifax. Rang them, and their telephone number basically consists of a big maze of menu options with prerecorded information (not even when I pretended I had had my identity stolen and was in distress would they let me speak to a human)

Now signed up to experian to see what the hell they based their decision on. I have a few ideas, though:

- I have only lived in the UK for about 5 years
- I'm not british
- I'm already a customer of a Lloyds group bank
- My salary is actually a stipend as I'm a postgraduate student (still over £1000 a month though!), so it doesn't register with HMRC