Halifax Reward Account changing to £3 charge with “lifestyle rewards”

masonic

sabretoothtigger said:

on the following account: Reward Current Account

If I already have this type of account, can someone just quickly confirm I cant get a switching bonus for transferring a current account from elsewhere

You can find the T&Cs in the thread about the £100 switching offer here: https://forums.moneysavingexpert.com/discussion/comment/77458787/#Comment_77458787

The first sentence is pretty clear that "you must open a new Reward Current Account or Ultimate Reward Current Account".

myth123

To meet the £1500 pay in, can this be an internal transfer between 2 Halifax current accounts? Or does it have to be from an external account?

Steve_xx

myth123 said:

To meet the £1500 pay in, can this be an internal transfer between 2 Halifax current accounts? Or does it have to be from an external account?

Internal transfers are fine. 

myth123

Steve_xx said:

myth123 said:

To meet the £1500 pay in, can this be an internal transfer between 2 Halifax current accounts? Or does it have to be from an external account?

Internal transfers are fine. 

Brilliant! And that covers the part of the criteria for the monthly rewards and to avoid the £3 monthly fee?

GTR_King

Good by Halifax been a good ride had the account since August 2017
Reward Account not worth it anymore for me maybe for others 
£5000+ in the account can't do that as money is else where e.g savers help to buy ISA etc and don't have that much spare to put into Halifax Reward... 

£500 Debit card Transactions per Month no thanks can't afford to do that each month trying to save as much as I can

So most likely gonna switch it to Club Lloyds for the £100/interest and Cash Back offers...

Has anyone else left Halifax?

YorkshireBoy

GTR_King said:

Good by Halifax been a good ride had the account since August 2017
Reward Account not worth it anymore for me maybe for others 
£5000+ in the account can't do that as money is else where e.g savers help to buy ISA etc and don't have that much spare to put into Halifax Reward... 

£500 Debit card Transactions per Month no thanks can't afford to do that each month trying to save as much as I can

So most likely gonna switch it to Club Lloyds for the £100/interest and Cash Back offers...

Has anyone else left Halifax?

I won't be leaving as I'd be throwing £20/mth away.
But if more like you decide not to bother then there's a greater chance of them extending my Reward payments beyond next year so for that I thank you and them.

By the way, "can't afford" isn't a valid reason. My £500 spend never leaves my possession.

Steve_xx

GTR_King said:

Good by Halifax been a good ride had the account since August 2017
Reward Account not worth it anymore for me maybe for others 
£5000+ in the account can't do that as money is else where e.g savers help to buy ISA etc and don't have that much spare to put into Halifax Reward... 

£500 Debit card Transactions per Month no thanks can't afford to do that each month trying to save as much as I can

So most likely gonna switch it to Club Lloyds for the £100/interest and Cash Back offers...

Has anyone else left Halifax?

It's actually better now than it has been for a while. So no, I won't  be leaving Halifax. But, neither will I be leaving Lloyds!

GTR_King

YorkshireBoy said:

GTR_King said:

Good by Halifax been a good ride had the account since August 2017
Reward Account not worth it anymore for me maybe for others 
£5000+ in the account can't do that as money is else where e.g savers help to buy ISA etc and don't have that much spare to put into Halifax Reward... 

£500 Debit card Transactions per Month no thanks can't afford to do that each month trying to save as much as I can

So most likely gonna switch it to Club Lloyds for the £100/interest and Cash Back offers...

Has anyone else left Halifax?

I won't be leaving as I'd be throwing £20/mth away.

How do you get £20 a month?? 
Also How do you keep the £500??

Do moving money to Paypal class as Debit Card Spend 

Steve_xx

GTR_King said:

YorkshireBoy said:

GTR_King said:

Good by Halifax been a good ride had the account since August 2017
Reward Account not worth it anymore for me maybe for others 
£5000+ in the account can't do that as money is else where e.g savers help to buy ISA etc and don't have that much spare to put into Halifax Reward... 

£500 Debit card Transactions per Month no thanks can't afford to do that each month trying to save as much as I can

So most likely gonna switch it to Club Lloyds for the £100/interest and Cash Back offers...

Has anyone else left Halifax?

I won't be leaving as I'd be throwing £20/mth away.

How do you get £20 a month?? 
Also How do you keep the £500??

The person must have four accounts to obtain £20 monthly. You get to keep the £500 debit card spend by sending monies to yourself.

GTR_King

The person must have four accounts to obtain £20 monthly. You get to keep the £500 debit card spend by sending monies to yourself.

How do you send money to yourself to keep the £500 is there away to get around this?? 
If there is a way of keeping the £500 and getting the Rewards then will move TSB to Club Lloyds and my 2 DD's over