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Minimum days for Halifax Reward Current Account £5 each month

kingofwebguru
kingofwebguru Posts: 5 Forumite
edited 28 June 2012 at 3:45PM in Budgeting & bank accounts
Hi,

Does anyone know what is the minimum number of days to deposit money (say £1000) to receive £5 every month.

Update

What date I will receive the £5? is it fixed?

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    0.001 of a day. A few minutes is fine.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Thanks. What date will I receive the £5? is the date fixed?
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Should be the first banking day of the month. It's sometimes a day late.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • zerog
    zerog Posts: 2,478 Forumite
    Mine usually comes at the end of the first banking day, i.e. after 3am on the 2nd working day
  • Mandelbrot
    Mandelbrot Posts: 9,139 Forumite
    Rampant Recycler
    Thanks. What date will I receive the £5? is the date fixed?
    HappyMJ wrote: »
    Should be the first banking day of the month. It's sometimes a day late.

    As stated on the front sheet of statements (and in the Terms & Conditions), "the Reward payment will be paid into your account before the 10th of each month".

    It is normally processed at the end of the first working day in the month, and thus appears in your account on the second working day, with a date of the first working day. (As there are more working days than non-working days, it is likely to appear on the 2nd, with a date of the 1st.)
  • epm-84
    epm-84 Posts: 2,798 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    HappyMJ wrote: »
    0.001 of a day. A few minutes is fine.

    That would be around 1.5 minutes. You'd wait more than that while going through the online process of transferring money.
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