Switching to Halifax from Lloyds

ih8stress

I am looking into switching a Current Account at the moment.

One of the few offers available is the Halifax. The account I was hoping to switch from was with Lloyds however looking at the Halifax switching t&cs it quotes:

"You are not eligible for the offer if you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012 or if you're a Bank of Scotland bank account customer switching to the Halifax."

So presumably I can't switch and get the bonus this way.

I have only just opened the Lloyds account. If I were to close it straightaway (the t&cs suggest I can close it at any time, for any reason), would I then be eligible for the Halifax switch (as long as I used a bank outside of their Group to switch from)?

I presume this switching clause is the same where banking 'groups' are concerned, so will swot up on which banks are in which group.

Thanks

MABLE

ih8stress wrote: »

I am looking into switching a Current Account at the moment.

One of the few offers available is the Halifax. The account I was hoping to switch from was with Lloyds however looking at the Halifax switching t&cs it quotes:

"You are not eligible for the offer if you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012 or if you're a Bank of Scotland bank account customer switching to the Halifax."

So presumably I can't switch and get the bonus this way.

I have only just opened the Lloyds account. If I were to close it straightaway (the t&cs suggest I can close it at any time, for any reason), would I then be eligible for the Halifax switch (as long as I used a bank outside of their Group to switch from)?

I presume this switching clause is the same where banking 'groups' are concerned, so will swot up on which banks are in which group.

Thanks

I switched one of my Lloyds account to HX about 18 months ago and got the bonus.

ih8stress

Thanks for your quick reply.

Hmmm, does that mean they have changed the terms since you switched or that I am reading it entirely wrong (which is entirely possible)?

ceredigion

You are over thinking it

eskbanker

Unless I'm missing something here, there's nothing in the Halifax Ts & Cs that affects a Lloyds account holder, just Bank of Scotland (hardly surprising when Halifax is Bank of Scotland!). Why do you think you'd have a problem switching a Lloyds account into Halifax?

ih8stress

ceredigion wrote: »

You are over thinking it

Yep, I tend to do that

ih8stress

eskbanker wrote: »

Unless I'm missing something here, there's nothing in the Halifax Ts & Cs that affects a Lloyds account holder, just Bank of Scotland (hardly surprising when Halifax is Bank of Scotland!). Why do you think you'd have a problem switching a Lloyds account into Halifax?

Because google says the parent organisation: lloyds banking group,
so I thought they must all be under the same 'umbrella'.

Like I said, I need to look into which bank groups void any switching elements (for future switches too).

It's great if I can go ahead with Lloyds to possibly switch to the Halifax though. I know I have just missed out on the £125 offer. Am also considering Yorkshire bank.

Thank you to everyone for their input so far

Doctor_Duke

BoS and Halifax and one of the same thing but although Lloyds is part of the group as in LBG it is not the same bank! So you can switch from a Lloyds account as the T&C do not say you can't! If you have a BoS and a Halifax account you will normally see them listed on both banks online profiles whichever one you log into will show the other. They are the same bank.

diamonds

Lloyds buying BOS had nothing to do with BOS Halifax from 2001

jonesMUFCforever

Lloyds and HBOS hold separate banking licences so in all essence are two different banks - so at it stands you can switch from Lloyds to Halifax and vice versa and collect any reward if you fulfil the reward conditions.

eskbanker

ih8stress wrote: »

Because google says the parent organisation: lloyds banking group,
so I thought they must all be under the same 'umbrella'.

Like I said, I need to look into which bank groups void any switching elements (for future switches too).

You don't need to go Googling though, once you've found the Ts & Cs of the switching offer you're interested in, they'll make it explicitly clear if any other banks are excluded from the deal, so if Halifax wanted to exclude switches from any Lloyds Banking Group products they'd have said so....