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

soulsaver

st999 said:

Over 35 years with the Halifax when I took out my now paid off mortgage.
I think I changed it to a reward account 10 or so years ago.
I've only been keeping it for the reward, once that stops it's bye bye Halifax.

Give the number a go to see if you can select the reward you'd like. 
All the info you need is in this thread.
If that doesn't work you'll need to contact Halifax.

bjbyorkshire

I have just registered for this £5 reward for my 2 Halifax reward accounts.  It was an automated call so really easy to get through and register.  Does anyone think that setting up a standing order for £1500 to go into the account from an account held somewhere else on the first of each month plus keeping a balance of £5000 in at all times will work?  What about when the 1st of the month occurs at the weekend.  If it doesn't go in on the 1st then it won't be in for the full month?  Am I missing something here please.

latinaid

bjbyorkshire said:

I have just registered for this £5 reward for my 2 Halifax reward accounts.  It was an automated call so really easy to get through and register.  Does anyone think that setting up a standing order for £1500 to go into the account from an account held somewhere else on the first of each month plus keeping a balance of £5000 in at all times will work?  What about when the 1st of the month occurs at the weekend.  If it doesn't go in on the 1st then it won't be in for the full month?  Am I missing something here please.

The £1500 doesn't need to be in for the whole month, it just needs to be credited.  You can take it straight out again on the same day if you want.  Or you can pay 2 instalments of £750, for example, spread throughout the month.

soulsaver

latinaid said:

bjbyorkshire said:

I have just registered for this £5 reward for my 2 Halifax reward accounts.  It was an automated call so really easy to get through and register.  Does anyone think that setting up a standing order for £1500 to go into the account from an account held somewhere else on the first of each month plus keeping a balance of £5000 in at all times will work?  What about when the 1st of the month occurs at the weekend.  If it doesn't go in on the 1st then it won't be in for the full month?  Am I missing something here please.

The £1500 doesn't need to be in for the whole month, it just needs to be credited.  You can take it straight out again on the same day if you want.  Or you can pay 2 instalments of £750, for example, spread throughout the month.

In fact you can use the £5k you have chosen to have on deposit -  take £1500 out and back in (or cross fire it if you have 2 accounts) in the same day will work, it's the end of the day figure that must be £5k. 

bjbyorkshire

That will do for me.  Leave £5000 in my two accounts permanently.  I already have more than £1500 going into one of the accounts every month from pensions etc so I can just move £1500 from one to the other account and then straight back again.  Not as difficult or time consuming as I had thought.

Thanks for the clarification.

xlnc99

Great thread, very informative. 

I have just been upgraded from my lloyds, halifax and bank of scotland basica accounts to the reward accounts! No idea how that happened, but i did it online and hey presto!

I have never done this reward thing before, i now have the halfiax reward and club llyods. My account is active now and not 1 june like many others on here. Not sure why

My question is - can i claim rewards from both LLoyds and halfiax by doing the same thing. 1500 in and debit card payment to YBS. one at the start and one at the end of the month

Secondly - will they check a transfer from LLOYDS to HALIFAX or BOS to HALIFAX and vice versa. I am concerned about this as they are part of the same group.

Any advice appreciated, i am a newbie with this cash back and rewards

xlnc99

Also two additional questions:

does the 1500 have to be paid in one go or can i do 500 one day another 500 day 6 etc

does my month start from now? i think its unfair as my card wont arrive for at least 10 days

Ed-1

xlnc99 said:

Also two additional questions:

does the 1500 have to be paid in one go or can i do 500 one day another 500 day 6 etc

does my month start from now? i think its unfair as my card wont arrive for at least 10 days

The current criteria is for a £2 monthly reward you need to pay out 2 different direct debits and pay in at least £750 per month. It changes on 1st July for you to the new rewards extras which you refer to.

xlnc99

no i have started the 1500 from today when i upgraded

sorry ignore me you are correct

NWDave

badger09 said:

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

Sorry all - having a senior citizen moment... I will be using a share account to deposit the £500 by debit card and then simply send it back to the account from whence it came!

Thanks for all the feedback... I shall go stand in the corner and hang my head in shame!