MSE News: Halifax axes £5 monthly payments to overdrawn current account holders

mspritch

Looks like I'd better switch two of my DDs back to them then.

Currently my pay goes into a Halifax Reward account, then most of it gets siphoned out into a Santander 1-2-3 account by standing order, so I get the fiver from one plus the interest from the other. The "Pay a bill" feature on each account is set up so I can manually push money either way if the need arises. Dead easy to set up, too, if you're with the Halifax you use the Santander account switcher service then set up a standing order and don't bother filling in the form for your employer (so your pay still goes to the same account as before).

TV Licensing and Cancer Research DDs should do nicely for me, I don't get any cashback for either of those.

dings74

two questions i have two reward accounts which one is a joint with other half

1) a standing order of £1000 goes from my non halifax account to reward account then to joint reward account then back to non halifax account do the two transactions count towards anything with reguards the changes? ( i guess not as they are standing orders and not direct debits?)

and

2) can the two direct debits be for the same companies so can i set up say reward account one lottery and health lottery and the same for reward account 2

many thanks in advance

Consumerist

dings74 wrote: »

. . . can the two direct debits be for the same companies so can i set up say reward account one lottery and health lottery and the same for reward account 2

Hi dings74 and welcome to the forum

You are correct that standing orders do not count as direct debits.

My understanding of the changes is that each account must have a minimum of two direct debits paid each month to different payees. As long as you pay two different DDs from each account, the accounts will meet the requirements.

trinidadone

hi all, just want to clarify. If I still want a fiver each month from Halifax, I have to do the following from 1st May 2013:

have two monthly Direct Debits coming out of the account

credit £750 each month

can someone clarify????

thanks in advance

dings74

Consumerist wrote: »

Hi dings74 and welcome to the forum

You are correct that standing orders do not count as direct debits.

My understanding of the changes is that each account must have a minimum of two direct debits paid each month to different payees. As long as you pay two different DDs from each account, the accounts will meet the requirements.

so just to clarify option two would work? sorry i'm being a kittle slow ( curse of the dreaded night shift)

Consumerist

trinidadone wrote: »

hi all, just want to clarify. If I still want a fiver each month from Halifax, I have to do the following from 1st May 2013:
have two monthly Direct Debits coming out of the account
credit £750 each month

As long as the direct debits are to different recipients, that's correct as I understand it..

Consumerist

dings74 wrote: »

so just to clarify option two would work? sorry i'm being a kittle slow ( curse of the dreaded night shift)

Get some sleep then come back and read it again.

You're welcome, in advance.

2sides2everystory

Danske Bank in Denmark out of the blue started charging personal customers this week about £5.50 per month.

The concept of paying for a current account there is as much as an anathema to them as to us.

Hopefully it is not a sign of things to come closer to home.

Consumerist

2sides2everystory wrote: »

Danske Bank in Denmark out of the blue started charging personal customers this week about £5.50 per month. The concept of paying for a current account there is as much as an anathema to them as to us. Hopefully it is not a sign of things to come closer to home.

I think that banks on the continent have always charged for banking services and customers know what those charges are. They don't find it necessary to claim "free banking" whilst spreading the charges disproportionately.

KTF

2sides2everystory wrote: »

Danske Bank in Denmark out of the blue started charging personal customers this week about £5.50 per month.

The concept of paying for a current account there is as much as an anathema to them as to us.

Hopefully it is not a sign of things to come closer to home.

I am quite happy paying the £2 a month to Santander for the 123 account as the cashback outweighs the cost.