Halifax Reward account

JulyKnot

Does anyone know if a couple of annual direct debits is acceptable to qualify for the monthly reward? Or do the DD have to be paid out each month?

YorkshireBoy

Answered on their website...

https://www.halifax.co.uk/bankaccounts/rates-rewards-fees/

AlwaysLearnin

And an employee said it had to be two different org's each month in this extensive thread from when the changes came out:

https://forums.moneysavingexpert.com/discussion/4344511

Gromitt

Strange thing is that it doesn't say different organisations anywhere in the T&Cs, just "2 different direct debit mandates", so not 1 DD which is taken twice a month.

But you do need at least 2 which are paid each month.

AlwaysLearnin

That's true, but as the OP of the linked thread was right about the changes generally, the consensus seemed to be that it was better safe than sorry, especially as there are a number of fairly easily available options.

innovate

The Halifax chappy who started the thread about the changes back in January did say that the "difference" will be established via the OINs - - Originator Identification Numbers. The OIN is, afaik, not visible to customers.

The OP did also say that he didn't know whether one company would only ever have one OIN but suggested we should assume so.

Anyway, as AlwaysLearnin says, it is easy enough to get 2 DDs with two different organisations.

Gromitt

AlwaysLearnin wrote: »

That's true, but as the OP of the linked thread was right about the changes generally, the consensus seemed to be that it was better safe than sorry, especially as there are a number of fairly easily available options.

Agreed. Tesco and Post Office are completely different for example, and £1 in each per month will be adequate. Both are fairly poor interest wise, but on £12 I don't think you'll get much return wherever you go.

pqrdef

I would cry foul at that. I think my Tesco credit card DD is quite different from my Tesco savings DD.

carpy

didn't get my £5....i guess it's because although i have 2 DD's set-up they are not active?

Hominu

carpy wrote: »

didn't get my £5....i guess it's because although i have 2 DD's set-up they are not active?

You'll only get the £5 for months in which at least 2 DDs are paid/debit your account.

apt

Gromitt wrote: »

Strange thing is that it doesn't say different organisations anywhere in the T&Cs, just "2 different direct debit mandates", so not 1 DD which is taken twice a month.

But you do need at least 2 which are paid each month.

Indeed. My reward account DDs are all to former Egg YBS savings accounts and the fivers are still rolling in.