Halifax £100 reward - instant?

missing_string

Hi all,

Back in February I applied and got the Santander account that offered £100 for transferring to them. I got the £100 after the 3 months-ish that you had to wait, and looked at the next deal which was Halifax, £100 for a transfer in, I did this and got accepted.

When I logged into my online banking I was surprised to find £100 already in there.

I'm tempted to transfer my money and direct debits back to the Santander account for the 5% AER which ends next February. Does anyone know the ramifications of this regarding the Halifax £100 (i.e. will they, erm, "take it back")?

I couldn't seem to find the answer to this anywhere.

Thanks.

Gromitt

Apparently, they have the right to take it back if you don't transfer your "regular credits" (ie, salary) over to them. I don't know if they have ever actually done so however.

missing_string

Yup, I've done that, just wondered if I had to keep it with them for a certain amount of time?

zerog

I'd just leave them with Halifax and look out for the next switching offer. You don't need to keep the DDs on the Santander account to get the 5% interest.