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

Rollinghome

colsten said:

As the offer doesn’t start until June 1 2020, there’s not much point in an example with a date in May 2020

But perhaps a little unhelpful to give a very clear example for what would happen if  the offer is accepted in the middle of November when so many will be accepting the offer in the middle of May.  And perhaps forgivable that the Halifax agent  I spoke to was unwilling to answer until they had conferred with a colleague.

soulsaver

Rollinghome said:

soulsaver said:

And this:
So Earn a Monthly Reward by keeping £5,000 or more in your account • In order to qualify for the Monthly Reward in any calendar month, you must keep a balance of £5,000 or more in your account every day.
• The Offer starts on the day you select it and lasts for a minimum of 12 full months. For example, if you select the Offer on 10th November 2020, it will end on 30th November 2021. If you keep a balance of £5,000 or more in your account from 10th - 30th November 2020, you will receive the Offer for that month.

Indeed. So what conclusion do you arrive at for if "you select the Offer on" 15th May 2020?

It doesn't make a lot of odds to me - I'm in the DC monthly faff-for-a-fiver camp while my £5k earns at least another £5 pm elsewhere..

quirkydeptless

Wasn't sure of the DC payment requirement needed to be done in May for the June reward, so I did it anyway, plus keeping my 2 DDs and £1500 pay in.

General_Grant

quirkydeptless said:

Wasn't sure of the DC payment requirement needed to be done in May for the June reward, so I did it anyway, plus keeping my 2 DDs and £1500 pay in.

Do tell us what turns up in your account in early June.

Rollinghome

General_Grant said:

quirkydeptless said:

Wasn't sure of the DC payment requirement needed to be done in May for the June reward, so I did it anyway, plus keeping my 2 DDs and £1500 pay in.

Do tell us what turns up in your account in early June.

No please don't as the rest of us would be really peeved if it's a fiver.  (Suspect it's more likely to be two quid though.)

Not a bad idea to cover your bases though as the banks have a history of publishing savings terms that don't say what they mean.  As anyone who remembers the NatWest account fiasco of some years ago, that resulted in four figure compensation payouts, and Skipton before that, will remember.

ernie-money

I missed the deadline to confirm! 🤦‍♀️ What happens now..? 🤷‍♀️

ffacoffipawb

portenio said:

Hi everyone, first post here!

I have been on MSE for many years but for some reason never registered on the forum.

Thank God I read MSE weekly email Tuesday night as I got to know about the changes and the deadline!

I had no idea as I am away from home and usually don't check my inbox on Halifax Online.

OK so, I read the 60 pages of the thread, each and every message, and today at 3am I called the automated number ending 33, no issues at that time with lines busy of course!

Accidentally I made my choice for my 3 Halifax accounts, despite 1 being an Easycash and all 3 were accepted. There is no rejecting from the automated voice to say "this account doesn't qualify". As is there no user validation like many commented.

It will be fun if eventually it is also converted to new scheme. But realistically I don't think it will. They are not that silly at the Halifax (or maybe they are, we shall see).

Cheers.

Dont read too much into the Easycash account being accepted.

I keyed in my first direct account details (part of HSBC) and it went through the same. I did this to test any validation on account numbers, which proved there wasn't any.

soulsaver

ernie-money said:

I missed the deadline to confirm! 🤦‍♀️ What happens now..? 🤷‍♀️

If the process acts as described, they'd convert to everyday c/as. 
AIUI you are able to upgrade standard c/as to Rewards Extra, assume in June when they've become a standard c/a. There maybe short cuts... but they'll be untested. 
Or ask Hfax.

JustAnotherSaver

Wheres_My_Cashback said:

Don't feed the trolls !

Everyone needs to eat.

pphillips

I'm confused about which date the new rewards system starts as it is now stating 1st July on the Halifax website.