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

badger09

I'm not aware of any current account which can be funded by debit card. The usual method is faster payment from the funding account, which can be automated by setting up a SO.
Investment platforms, such as IWEB can be funded by debit card and you can pay credit cards off with a debit card.

A few savings accounts can be funded Direct Debit, which was useful in the past, and a few can be funded by debit card - hence the reason colsten started this thread.

NWDave

badger09 said:

I'm not aware of any current account which can be funded by debit card. The usual method is faster payment from the funding account, which can be automated by setting up a SO.
Investment platforms, such as IWEB can be funded by debit card and you can pay credit cards off with a debit card.

A few savings accounts can be funded Direct Debit, which was useful in the past, and a few can be funded by debit card - hence the reason colsten started this thread.

Badger that's great - thank you.
Looks like a manual Debit Card payment to a share account I have access to and then simply send it back - 3 times of course!
Thank the lord for outlook and its reminders!

colsten

NWDave said:

Looks like a manual Debit Card payment to TSB 

What is a manual Debit Card payment to TSB, and how do you make one of these?

General_Grant

NWDave said:

badger09 said:

I'm not aware of any current account which can be funded by debit card. The usual method is faster payment from the funding account, which can be automated by setting up a SO.
Investment platforms, such as IWEB can be funded by debit card and you can pay credit cards off with a debit card.

A few savings accounts can be funded Direct Debit, which was useful in the past, and a few can be funded by debit card - hence the reason colsten started this thread.

Badger that's great - thank you.
Looks like a manual Debit Card payment to TSB each month or I could send the money to a share account I have access to and then simply send it back - 3 times of course!
Thank the lord for outlook and its reminders!

Which TSB account do you think you can fund by Debit Card on a regular basis?  Read the Conditions for the account.  For savings accounts I think the only way is by transfer from a TSB current account or by Standing Order or FP from another bank.  Let us know if you find a TSB account which enables DC use.

colsten

General_Grant said:

Which TSB account do you think you can fund by Debit Card on a regular basis?  

Or even as a one-off.

badger09

NWDave said:

badger09 said:

I'm not aware of any current account which can be funded by debit card. The usual method is faster payment from the funding account, which can be automated by setting up a SO.
Investment platforms, such as IWEB can be funded by debit card and you can pay credit cards off with a debit card.

A few savings accounts can be funded Direct Debit, which was useful in the past, and a few can be funded by debit card - hence the reason colsten started this thread.

Badger that's great - thank you.
Looks like a manual Debit Card payment to TSB each month or I could send the money to a share account I have access to and then simply send it back - 3 times of course!
Thank the lord for outlook and its reminders!

Please re read my post. You can't do that

crumpet_man

You can't even pay off a TSB credit card with a debit card so no chance in paying into current or savings accounts.

JustAnotherSaver

Has anyone worked out exactly what that would translate to in interest on the £5k?

I know on the opening page it said about 1.2%. Is that pretty accurate or is about 1.2% actually 1.5% or maybe 0.9% or what?

Not overly interested in the cinema tickets as i already get 24 through Lloyds which see me right for the year.

£5 per month would be ok but it depends what that works out as. If the money would be better sat elsewhere then i may as well say goodbye to Halifax.

colsten

If you have a constant £5,000 in the account for a year, and cycle £1,500 a month through the account, you get 12 x £5 = £60 a year. That's 1.2%. This might soon be an amazing interest rate for what is a bit like an instant access savings account. But only a bit like it.

quaybab

It says on https://www.halifax.co.uk/bankaccounts/reward-extras/
"Manage your Reward Extras offers using ... Online Banking."

Has anyone been able to choose rewards online and if so, which link as the Options page logs you off if you click upgrade account and compare benefits gives  "There's a problem..."
Or, can you only manage them online after choosing?