Just got my Halifax Switching bonus, what next?

daveofjoy

After getting bank married (getting a joint account) with my other half I switched my useless personal current account from HSBC to Halifax to cash in on the £100 switching bonus. Now I have my £100 and am wondering if I can carry on. Could I now move the account to First Direct for another £150 or elsewhere.

I'm quite new to the world of not being absolutely terrible with money so any pointers greatly appreciated.

bigadaj

You can do but you can also make £5 a month from cycling some money through Halifax and setting up a couple of direct debits.

Many people have multiple current accounts for interest, perks and switching purposes so read a bit more on the forum and you'll get the idea.

JWalker1995

I would open a second account with Halifax, and switch that away to Yorkshire or First Direct, First Direct is easier.

Keep your first account and add 2 DD's (payable to yourself if you open the right account so doesn't cost you anything) and then cycle through £750 for a free £5p/m, and then you can also use the account.

Most people on this forum have one account with the bank they like, and then have a few other account that are just moved around for the best bonus's. (+plus savings accounts and accounts getting high interest)

On a side note, I'm doing the Halifax switch atm, was it done within the 7 days and bonus within 3 days, no issues?

20aday

JWalker1995 wrote: »

I would open a second account with Halifax, and switch that away to Yorkshire or First Direct, First Direct is easier.

Keep your first account and add 2 DD's (payable to yourself if you open the right account so doesn't cost you anything) and then cycle through £750 for a free £5p/m, and then you can also use the account.

Most people on this forum have one account with the bank they like, and then have a few other account that are just moved around for the best bonus's. (+plus savings accounts and accounts getting high interest)

On a side note, I'm doing the Halifax switch atm, was it done within the 7 days and bonus within 3 days, no issues?

I switched from NatWest to Halifax within seven days and also received my £100 incentive the day after it'd taken place.

No issues here.

daveofjoy

Thanks all, @Jwalker yes the switch was done on time and bonus paid within 3 days