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Halifax Rewards Current Account - Switching
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thebritishbloke
Posts: 1,472 Forumite
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!
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.
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.
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Comments
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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.0 -
3. Yes - You would give the account number of the account you wanted to switch.0
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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 creditDEBT FREE!
Debt free by Xmas 2014: £3555.67/£4805.67 (73.99%)
Debt free by Xmas 2015: £1250/£1250 (100.00%)0 -
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.0 -
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
ChrisYNAB is my new best friend.0 -
chrisfreelander54 wrote: »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
mcppsl0
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