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Switching bank accounts - Incentive reclaims
7chb
Posts: 30 Forumite
Hi,
My partner and I recently switched an old Lloyds account that we didn't use to Halifax in order to obtain the £100 incentive.
We have now transferred the £100 from this account and it has sat dormant for the last three months.
If we were to now use this Halifax account to switch again in order to obtain further incentives, does anyone know if Halifax may reclaim the £100 due to the bank account only being open a limited time?
I have looked on the internet and cannot see anything about a reclaim, although I have seen that the switching agreement lasts for 13 months.
If anyone has taken a similar approach and not had any issues then please let us know
Thank you
My partner and I recently switched an old Lloyds account that we didn't use to Halifax in order to obtain the £100 incentive.
We have now transferred the £100 from this account and it has sat dormant for the last three months.
If we were to now use this Halifax account to switch again in order to obtain further incentives, does anyone know if Halifax may reclaim the £100 due to the bank account only being open a limited time?
I have looked on the internet and cannot see anything about a reclaim, although I have seen that the switching agreement lasts for 13 months.
If anyone has taken a similar approach and not had any issues then please let us know
Thank you
0
Comments
-
Why not read the terms that you agreed to? If there is nothing in there about a clawback then they cannot reclaim it.
In most cases bonuses arent paid until the end of the qualifying period after which you are free to move on0
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