Halifax Reward Charges

shortcrust

sealdriver wrote: »

Well, I think they should justify them, they are taking money for nothing. But I am obviously in a minority, no wonder we get ripped off.

I'll look at the Clarity card.

Thanks

Speak for yourself!:) Many of us don't get ripped off because we do crazy things like read T&Cs. I'm happy for my banking to be subsidised by the folk who can't be bothered.

SammenForLivet2

dzug1 wrote: »

Do they have to 'justify' them?


Sounds like your mind was fixated on the incentive rather than checking the T&C


Virtually all banks charge for foreign currency transactions.


Metro bank doesn't (current account only).


Halifax Clarity credit card doesn't - being already a customer could go either way as to whether you can get one or not


Some Nationwide accounts don't


Maybe one or two others I can't recall offhand

Hey, don't leave us 'Northerners' out - The Cumberland Building Society doesn't charge, nor does the (nationally available) N&P, by the Yorkshire Building Society.

All Visa, can be used anywhere the VISA logo is displayed, and with no monthly fee - subject to a minimum deposit criteria.

PeacefulWaters

colsten wrote: »

You are mis-reading the clause, PW.

I'm not. Honest!

What you quote applies to non-UK tax payers, i.e. people who are not UK residents for tax purposes.

I would argue it should refer to income tax. But beyond that, the wording applies to those on low incomes. Not those who aren't ordinarily resident for tax purposes.

The bit relevant to people who are UK residents for tax purposes but whose low income means they pay no tax is: Interest will only be paid gross if you are registered with us as a non-tax payer. This registration is done by means of an R85, surely?

That clearly refers to interest. Not reward payments.

The Halifax lawyers could have written this clause a lot clearer but they haven't.

With the exception of their failure to refer to income tax, I disagree.

But I'll invite anybody who is a non-taxpayer with a Reward account to tell the forum if they've registered an R85 and now get £6.25 a month in interest credited to their account.

If we get any they won't be telling the truth!

colsten

noh wrote: »

The Halifax terms and conditions are clear and correctly written.

I accept PW's further explanation and agree now that the Halifax terms suggest that it is not possible to ask for gross payment of the reward payment. However, I disagree that the terms and conditions, and clause 7.5 specifically, are clear. They are not.Halifax's lawyers have mingled reward and interest payments into the same clause, with not even a paragraph break the show that they are talking about two entirely different subjects.

It is also not correct to use the term "non-UK tax payer" to mean a person who does not have to pay UK income tax. Though the latter appears to be what they appear to be talking about.