Changes to Reward and Ultimate Reward Accounts

Steve_xx

Question please regarding filling in Santander eSaver Direct Debit form with HBOS details. Question 2 wants me to fill in the name and address (Halifax) details of the vendor account. with HBOS do Iuse their general address, ie the Halifax HQ address or do I use a branch address? I'm not sure which branch some of mine might be at you see.

KTF

I just put on the HQ address on mine. I dont think it makes much difference.

innovate

Katiehound wrote: »

Can anybody give a link that tells me clearly the T&Cs ?

In the time it took you to write your post, you could have gone to the Lloyds website and found this

Katiehound

So , am I correct, with the Vantage no pesky DDs monthly or quarterly. Just £1000 going in each month ?
The 'reward' is the interest rate- which I assume is still 3% ( rates quoted are June last year!)

Steve_xx

Katiehound wrote: »

So , am I correct, with the Vantage no pesky DDs monthly or quarterly. Just £1000 going in each month ?
The 'reward' is the interest rate- which I assume is still 3% ( rates quoted are June last year!)

Yes that's right, but to attain to 3% you need to have a balance between 3k and 5k with LloydsTSB.

innovate

Katiehound wrote: »

So , am I correct, with the Vantage no pesky DDs monthly or quarterly.

Don't need them right now, no - - but they had a special offer not to long ago where you could get 4% on your balance if you kept between £5K and £6K in your account, provided you had 2 DDs on the account (and did the £1K thing).

So there is precedence for them wanting to see DDs, and a couple of extra DDs aren't actually too difficult to set up: https://forums.moneysavingexpert.com/discussion/4168667

polgara

I'm really confused by the changes - particularly being in credit every day. I generally go over at least once a month - so my account (Ultimate Rewards) will now cost £180. I use the breakdown service, phone insurance and travel (but had to pay extra due to medical conditions). I'll have to look into costs otherwhere as I know think the rewards aren't worth it. Is there any other current accounts that allow a dip into an agreed overdraft for a few days a month?

I pay in over £2k a month so would meet a lot of eligibility requirements.

huw01

Just had my letter today from BOS about my reward acc. the code on the top is RCACust20. Has anybody cracked these codes yet ?

innovate

polgara wrote: »

I'm really confused by the changes - particularly being in credit every day. I generally go over at least once a month - so my account (Ultimate Rewards) will now cost £180. I use the breakdown service, phone insurance and travel (but had to pay extra due to medical conditions). I'll have to look into costs otherwhere as I know think the rewards aren't worth it. Is there any other current accounts that allow a dip into an agreed overdraft for a few days a month?

I pay in over £2k a month so would meet a lot of eligibility requirements.

You will still be allowed to dip into your overdraft at Halifax - not just £10, but £50 from May onwards. If you are presently using your overdraft for more than the £10, you are likely to pay a lot more than just a fiver in overdraft charges.

You just don't get the fiver, for that month, in future if you do. For any month you stay in credit, you will still get the fiver if you have 2 DDs that pay monthly, and pay in £750.

If you are looking for accounts that allow free overdrafts, you could try First Direct, where you get a free £250. No free fiver ever, though.

Hominu

BugsyBrowne wrote: »

You put 18k in the bank and the bank says thank you and gives you what most people earn an hour its morally wrong IMHO.

Most people earn £45/hour ? I certainly don't earn anywhere near that.