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Halifax Rewards Current Account - Switching

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I was going to take advantage of the switch offer to Halifax's Rewards current accounts from an unused HSBC account, I'm just curious about a couple of points:

1. Can you use dud DD's to qualify for the £5, or do they actually have to pay out? (E.g. PayPal etc)
2. To get the £100 switch bonus, am I right in thinking the account you're switching from doesn't have to have any special requirements, i.e. DD's, and you don't have to pay in to the account for X amount of time?
3. I have two current accounts with HSBC, is it possible to use the switching service to switch just one of these?

Thanks! :)
Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.

Comments

  • question 1, think they need to be active

    question 2. switching an unused empty account is fine i have done one and my son has done one we both got our £100 on day 8 of the switch

    question 3. dunno but at a guess i'd say yes.
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    3. Yes - You would give the account number of the account you wanted to switch.
  • To get the £5 reward every month you must:

    Pay in £750 per month
    Pay out 2 direct debits per month
    Keep the account in credit
    DEBT FREE!

    Debt free by Xmas 2014: £3555.67/£4805.67 (73.99%)
    Debt free by Xmas 2015: £1250/£1250 (100.00%)
  • Thank you everyone for your responses :)

    I gave Halifax a call and confirmed everything, they agreed with everything you've all said. Applied and accepted for a rewards current account, and the switch is in progress.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • To get your £5 per month you need 2 different Direct debits set up on the Halifax Account, the best way to go about doing this, is to open a Tesco internet savers account and a Tesco instant access account and set up to pay yourself £1 per month into each.

    HTH
    Chris
    YNAB is my new best friend. :)
  • McpPsl
    McpPsl Posts: 206 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    To get your £5 per month you need 2 different Direct debits set up on the Halifax Account, the best way to go about doing this, is to open a Tesco internet savers account and a Tesco instant access account and set up to pay yourself £1 per month into each.

    HTH
    Chris

    :T Brilliant idea! :T

    Thanks so much for this Chris.

    kind regards

    mcppsl
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