Halifax Reward Current Account - Help?

Jox

dr_adidas01 wrote: »

This is nonsense as long as you pay £1000 in a calendar month you get the £5.

I pay in £1k around the middle of a calendar month and get my £5 reward on the first banking day of the month. You only have to leave it in for a few minutes to get it too.

Please don't be rude, I am stating what happened to me.

Alarae

Hooloovoo wrote: »

...

So I don't need to bother moving my salary at all? I didn't think I had to since it isn't paid into the account I was going to switch, but I got confused by the other post

I have only recently set up savings accounts (Tesco/Post Office) for a small DD on the 28th of each month, so should I wait until the first of these debits come out and then switch? Just to make sure the DDs are actually set up.

Thank you for all the help guys, must be annoying to get these questions all the time from the clueless like me

innovate

dr_adidas01 wrote: »

Your wrong the new terms of getting the £100 say this:

Switching to us means transferring all of your active direct debits (a minimum of two, otherwise we have the right to claim back the £100) and other regular payments, plus automated credits, e.g. your salary, into your new Halifax current account. You cannot transfer into multiple Halifax current accounts.

So this quite clearly states an automated credit must be paid into the account, does it not? Or am I just making this up and not reading the T&C's correctly?

It doesn't say that you cannot switch if you do not have automated payments.

Most people will, of course, have some automated payments made to them in some form, but there will be people who only get ad-hoc payments which won't be automated. E.g. a self-employed person who pays themselves ad-hoc money from their business account into their personal account.

It might be down to Halifax staff to decide what to do in such cases but I can't imagine they will turn you down unless it is blatantly obvious that you are just after the £100.

YorkshireBoy

dr_adidas01 wrote: »

Your wrong the new terms of getting the £100 say this:

Switching to us means transferring all of your active direct debits (a minimum of two, otherwise we have the right to claim back the £100) and other regular payments, plus automated credits, e.g. your salary, into your new Halifax current account. You cannot transfer into multiple Halifax current accounts.

So this quite clearly states an automated credit must be paid into the account, does it not?

Not to me it doesn't.

OK, lets disect the "terms" quoted above...

Switching to us means transferring all of your active direct debits (a minimum of two, otherwise we have the right to claim back the £100)

The bracketed text refers purely to the text that precedes it...not text that follows it. OK so far?

So what this statement is saying is that you'll get your £100 as soon as they initiate the switch. If they subsequently find (after requesting information from your other bank) there are no direct debits to switch, they'll claw the £100 back. Still with me? Good! OK then, onto the next bit...

and other regular payments,

This means standing orders and bill payments. If there aren't any then none can be switched.

plus automated credits,

Again, if there aren't any "automated credits", ie BACS Direct Credits from employer, pension fund, benefits office, etc, then there are none to switch/redirect yourself. Because there is no bracketed 'claw back' text following this bit there is no £100 claw back possibility.

e.g. your salary

"eg" stands for 'example'! The automated credits into your other account (the one you're switching from) could be from a standing order from another of your accounts because a standing order is an automated (credit) process isn't it? But it doesn't even matter, because paying in 'automated credits' is not a requirement (see above).

It's hardly rocket science!

dr_adidas01

YorkshireBoy wrote: »

Not to me it doesn't.

OK, lets disect the "terms" quoted above...

Switching to us means transferring all of your active direct debits (a minimum of two, otherwise we have the right to claim back the £100)

The bracketed text refers purely to the text that precedes it...not text that follows it. OK so far?

So what this statement is saying is that you'll get your £100 as soon as they initiate the switch. If they subsequently find (after requesting information from your other bank) there are no direct debits to switch, they'll claw the £100 back. Still with me? Good! OK then, onto the next bit...

and other regular payments,

This means standing orders and bill payments. If there aren't any then none can be switched.

plus automated credits,

Again, if there aren't any "automated credits", ie BACS Direct Credits from employer, pension fund, benefits office, etc, then there are none to switch/redirect yourself. Because there is no bracketed 'claw back' text following this bit there is no £100 claw back possibility.

e.g. your salary

"eg" stands for 'example'! The automated credits into your other account (the one you're switching from) could be from a standing order from another of your accounts because a standing order is an automated (credit) process isn't it? But it doesn't even matter, because paying in 'automated credits' is not a requirement (see above).

It's hardly rocket science!

This is called being patronising!!!

YorkshireBoy

dr_adidas01 wrote: »

This is called being patronising!!!

It's called being able to read and understand T&Cs (and basic sentence construction and grammar).

Maybe I'd have constructed a slightly different post had yours not started with "Your [sic] wrong". Left unchallenged, some people may have lost out on a free £100. They won't now.