Halifax £5 Reward

2010

badger09 wrote: »

Here

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

On a quick look, I don't see any reference to the 2nd working day of the month though

It doesn`t say anything anywhere about the second working day of the month.
Under "reward payments" it says at the bottom.

The £5 reward payment will be paid into your account before the 10th of each calendar month.

2010

noh wrote: »

Then you will know that the reward payment is made on the second working day of the month.

You obviously don`t know what day it`s paid on because the 2nd day of the working month is not mentioned anywhere.

See post above for what it does say.

YorkshireBoy

2010 wrote: »

You obviously don`t know what day it`s paid on

I think you'll find he does. Like you, he's no doubt received 68 (and probably, like me, a lot more) of them.

because the 2nd day of the working month is not mentioned anywhere.

You're quite correct it isn't. However, whilst you may feel it "seems to get later every month" it actually doesn't.

I think you'll find if you look back over the past 5 years and 8 months (that's 68 times) you've received it, it's always been paid at the end of the 1st working day of the month...which means anywhere from the early hours of the 2nd to the early hours of the 6th of the month.

I suppose they're hoping to stop the "where's my fiver?" phone calls early in the month by saying "before the 10th" in the T&Cs. Having said that, even if they said "at the end of the first working day of the month" in the T&Cs I suspect there would still be people asking where it was each month?

On the upside...I haven't seen a "where's my BoS Vantage/TSB Plus/Club Lloyds (delete as appropriate) interest?" post so far this month...so things may be improving?

YorkshireBoy

YorkshireBoy wrote: »

On the upside...I haven't seen a "where's my BoS Vantage/TSB Plus/Club Lloyds (delete as appropriate) interest?" post so far this month...so things may be improving?

Nope. Just a little further down the page...

https://forums.moneysavingexpert.com/discussion/5104825

Archi_Bald

Halifax announced a while ago that they will be changing their T&Cs, to include, for instance:

We are making the Reward Payments section clearer by adding “for the Reward Current Account” in the heading, stating that the reward is paid into the account by the 2nd working day of the following calendar month and removing reference to the 10th day of the month.
http://www.halifax.co.uk/bankaccounts/pdf/reward-current-account-guide.pdf

Shame it's so unfashionable to read T&Cs and notices for T&C changes.

YorkshireBoy

Archi_Bald wrote: »

Halifax announced a while ago that they will be changing their T&Cs, to include, for instance:



Shame it's so unfashionable to read T&Cs and notices for T&C changes.

That'll teach me to only search the document for "second", and not extend it to the "2nd"!

OP probably fell into the same trap when they searched the T&Cs.

pete-20-11

Over the past 12 months, it states paid on the 1st six times for me and never later than the third.

McKneff

Surely, if you can afford a computer and the internet you cant be that hard up for a fiver that you are
looking for it fervently and moaning if its a day late. It happens every month.


I just check mine has gone in next time I am on the bank site.

badger09

Archi_Bald wrote: »

Halifax announced a while ago that they will be changing their T&Cs, to include, for instance:

We are making the Reward Payments section clearer by adding “for the Reward Current Account” in the heading, stating that the reward is paid into the account by the 2nd working day of the following calendar month and removing reference to the 10th day of the month.
http://www.halifax.co.uk/bankaccount...ount-guide.pdf

Apologies for my inability to copy 'quotes' when quoting previous posts

I found the sentence you mention, on page 44 of that document, in the chapter Forthcoming Changes to our Account Terms and Conditions which will take effect from 1 December 2014

Archi_Bald wrote: »

Shame it's so unfashionable to read T&Cs and notices for T&C changes.

The current T&Cs, are in the link in my post 11 above. I have of course, read them :cool:.

noh

2010 wrote: »

You obviously don`t know what day it`s paid on because the 2nd day of the working month is not mentioned anywhere.

See post above for what it does say.

I do know what day it is paid having received three reward payments each month for at least the last five years. It is paid the second working day of the month dated the previous day.