Best Premier Current Accounts Article Discussion Area

herman2811

I currently have the Halifax Reward account, that pays me £5/month because my salary goes in every month.

I'm considering opening a Nationwide FlexPlus account - my question is: do i HAVE to switch all my direct debits etc over to the new account? My understanding is that, to get the benefits of the FlexPlus, I only need to pay in minimum £1000/month. So ideally, I would like to switch my salary over to this new account, but leave everything else the same. Then I could set up a standing order to transfer my salary to Halifax, and therefore still get the existing £5/month!

Any thoughts please?

innovate

You don't have to move your DDs. Your plan should work ok.

Tightoldgit

Smilemore account by Smile.co.uk covers worldwide travel up to age 79.:D

grumbler

What's the point in posting this if this account is not available to new applicants?

Rif

Hi, I was thinking of opening up a Halifax Rewards account. Does anyone know if I have to move my entire account/dd's over to Halifax, or can I just set up a S.O to pay in £1k every month to get the £5 a month.

Also, could I then move that same £1k over to the Halifax Ultimate Reward account to knock the monthly fee of £15 down to £10?

And then send that £1k back to the Halifax Rewards account again for the month after etc..?

I like to call it recycling! :rotfl::rotfl:

innovate

I doubt you will be allowed both, a Reward and an Ultimate Reward. But in any case, the T&Cs for these accounts are changing with effect from 1st May. Details are on the Halifx web pages, and there is a huge long thread about the changes on here somewhere.

Rif

innovate wrote: »

I doubt you will be allowed both, a Reward and an Ultimate Reward. But in any case, the T&Cs for the these account are changing with effect from 1st May. Details are on the Halfiax web pages, and there is a huge long thread about the changes on here somewhere.

My husband already has a Halifax rewards account, so perhaps I could open up the Ultimate rewards account although I'd ideally want it to be a joint account so we could both benefit.

I wonder what t&c's are changing. I hope they're not making changes to the benefits as this is the only one I could find with car breakdown cover, home cover and mobile insurance. All others who have offered this in the past are no longer taking on any new customers!

YorkshireBoy

innovate wrote: »

I doubt you will be allowed both, a Reward and an Ultimate Reward.

The T&Cs seem to say you can. In fact a 'couple' could have 3 Reward accounts (1 each plus a joint) and the same again with the Ultimate Reward account.

As far as I can tell from reading the notice of variation, the only thing thats changing on 1st May is that you'll no longer be able to hold both a sole and a joint Ultimate Reward account.

YorkshireBoy

Rif wrote: »

I wonder what t&c's are changing.

Surely you've received a letter (back in January?).

If not, see here...

https://www.halifax.co.uk/bankaccounts/pdf/130501-bank-account-changes.pdf

Rif

YorkshireBoy wrote: »

Surely you've received a letter (back in January?).

If not, see here...

https://www.halifax.co.uk/bankaccounts/pdf/130501-bank-account-changes.pdf

Thanks. Come to think of it, hubby did receive the change in t&c's for his Reward account.