About Halifax Switching Bonus and Direct Debits

[Deleted User]

Hello -

I am pleased to have successfully opened a new Halifax Reward Account and completed details to switch from an old current account with no direct debits in it. I understand that to be eligible for the £3 monthly Reward I have to pay in £750 and have two direct debits.

If I don't manage to set up two direct debits by the switching date will this prevent or delay Halifax from allowing me the £100 switching bonus? I tried to find the answer on their web site but it seemed to mainly mention the requirement for the monthly Reward. I saw something about a 'Web Chat' but I could not find the link to ask.

I hope to set up two direct bedits eventually but wonder if I need to make them a priority to qualify for the £100 switching bonus without it being delayed. I have been given a switching date of 20 January.

I apologise if the information is there but I could not see it.

Thank you.

Crimson

YorkshireBoy

Deleted_User wrote: »

I apologise if the information is there but I could not see it.

From here...

https://www.halifax.co.uk/bankaccounts/

...click '£100 switching offer terms and conditions' and you'll see...

Halifax wrote:

Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank and close this account.

Do you see any mention of "Direct Debits" (exactly as written)? I don't, but I may have only skim read it.

[Deleted User]

YorkshireBoy wrote: »

From here...

https://www.halifax.co.uk/bankaccounts/

...click '£100 switching offer terms and conditions' and you'll see...Do you see any mention of "Direct Debits" (exactly as written)? I don't, but I may have only skim read it.

Thanks very much, YorkshireBoy. It looks as if the money I have in the 'old' current account for switching will transfer when the account is closed.

As there are no direct debits to transfer I may receive the £100 switching bonus - and I can arrange the two direct debits for the new Halifax Account with the £750 per month deposit at a later date. This is what I was hoping for - a bit of time to think about suitable direct debits and, hopefully, in the meantime, still benefit from the very welcome £100..

Thank you again.

Crimson

YorkshireBoy

Deleted_User wrote: »

As there are no direct debits to transfer I may receive the £100 switching bonus

You WILL receive the incentive, and before the switch completes. Halifax tend to pay it almost as soon as they've started the 7 day process, because once it's started it can't be stopped. The old account WILL be closed, no matter what!

People on here have reported receiving the Halifax incentive after simply switching an account with £1 in it, and no outgoing payments whatsoever!

[Deleted User]

YorkshireBoy wrote: »

You WILL receive the incentive, and before the switch completes. Halifax tend to pay it almost as soon as they've started the 7 day process, because once it's started it can't be stopped. The old account WILL be closed, no matter what!

People on here have reported receiving the Halifax incentive after simply switching an account with £1 in it, and no outgoing payments whatsoever!

That's really good to know, YorkshireBoy, and thank you very much for the quick and really helpful replies.

Crimson

bigadaj

YorkshireBoy wrote: »

From here...

https://www.halifax.co.uk/bankaccounts/

...click '£100 switching offer terms and conditions' and you'll see...Do you see any mention of "Direct Debits" (exactly as written)? I don't, but I may have only skim read it.

Skim read the Terms and conditions on a switch Yorkshire boy, my backside....

[Deleted User]

bigadaj wrote: »

Skim read the Terms and conditions on a switch Yorkshire boy, my backside....

Sorry, bigadaj, but would you tell me what you mean, please?

Crimson

where_are_we

It is nice to see some humour - reminds me of doing a online application for a current account which I already have, when they compel you to view their "terms and conditions" via a link to another web page and I "skim read it" for all of one second, close the page and then move on.

bigadaj

Deleted_User wrote: »

Sorry, bigadaj, but would you tell me what you mean, please?

Crimson

Apologies, it was a sarcastic response to Yorkshire boy, he would generally scrutinise the banks terms and conditions in great detail, having made a few thousand from switching incentives over the last few years.

[Deleted User]

bigadaj wrote: »

Apologies, it was a sarcastic response to Yorkshire boy, he would generally scrutinise the banks terms and conditions in great detail, having made a few thousand from switching incentives over the last few years.

Thanks bigadaj- I'm never quick on the uptake. I'm just delighted at the prospect of receiving £100 for switching.

Crimson