New Halifax Reward account. Has anyone figured out a way around £500 spending?

AmityNeon

jinkssick said:

Revolut have cracked the whip for me with the Halifax £500. I signed up to Skipton just now. Is there any other methods where I can top up £500 momentarily? Thanks

Skipton has previously sent 'cease and desist' letters to those exploiting its debit card deposit functionality. NS&I is probably the safest option as it's state-owned, and I don't think anyone has ever reported problems (other than the week-long wait before funds can be withdrawn).

Did Revolut close your account without warning?

flaneurs_lobster

jinkssick said:

Revolut have cracked the whip for me with the Halifax £500. I signed up to Skipton just now. Is there any other methods where I can top up £500 momentarily? Thanks

Annoying. I've been using Revolut in exactly this way for 6 months, got held in month 1 but released after an exchange by chat. 

What did Revolut's whip-cracking consist of? Did they bounce the payment or issue an email warning? Something else?

WillPS

AmityNeon said:

jinkssick said:

Revolut have cracked the whip for me with the Halifax £500. I signed up to Skipton just now. Is there any other methods where I can top up £500 momentarily? Thanks

Skipton has previously sent 'cease and desist' letters to those exploiting its debit card deposit functionality. NS&I is probably the safest option as it's state-owned, and I don't think anyone has ever reported problems (other than the week-long wait before funds can be withdrawn).

Did Revolut close your account without warning?

I don't think there's any reports of YBS objecting to this yet, though they'd be well within their right to.

NS&I are (I think) trying to move away from debit card pay ins completely but until they do there's probably not much they can do to stop you.

AmityNeon

WillPS said:

AmityNeon said:

jinkssick said:

Revolut have cracked the whip for me with the Halifax £500. I signed up to Skipton just now. Is there any other methods where I can top up £500 momentarily? Thanks

Skipton has previously sent 'cease and desist' letters to those exploiting its debit card deposit functionality. NS&I is probably the safest option as it's state-owned, and I don't think anyone has ever reported problems (other than the week-long wait before funds can be withdrawn).

Did Revolut close your account without warning?

I don't think there's any reports of YBS objecting to this yet, though they'd be well within their right to.

YBS objected to me twice: once initially when it was deemed unusual behaviour; the second time, months later, just because, despite the established pattern of behaviour. Each time they blocked the withdrawal for review. I didn't allow it to happen a third time.

ForumUser7

WillPS said:

AmityNeon said:

jinkssick said:

Revolut have cracked the whip for me with the Halifax £500. I signed up to Skipton just now. Is there any other methods where I can top up £500 momentarily? Thanks

Skipton has previously sent 'cease and desist' letters to those exploiting its debit card deposit functionality. NS&I is probably the safest option as it's state-owned, and I don't think anyone has ever reported problems (other than the week-long wait before funds can be withdrawn).

Did Revolut close your account without warning?

I don't think there's any reports of YBS objecting to this yet, though they'd be well within their right to.

NS&I are (I think) trying to move away from debit card pay ins completely but until they do there's probably not much they can do to stop you.

I wonder what they’ll move to - I can’t fully remember, but I’m pretty sure when I opened my direct saver they insisted on a debit card deposit. Perhaps they’ll continue to require them for first deposits, and then require faster payments etc. for subsequent deposits.

ZeroSum

With regards to YBS, one option is to utilise their reg saver which allows a max monthly deposit of £500. Which is a legitimate use of debit card

flaneurs_lobster

ZeroSum said:

With regards to YBS, one option is to utilise their reg saver which allows a max monthly deposit of £500. Which is a legitimate use of debit card

Don't think that YBS have a RS available at the moment.

MACKEM99

Can anyone please confirm how many Reward Accounts I can have please?

Thanks

M99

ForumUser7

MACKEM99 said:

Can anyone please confirm how many Reward Accounts I can have please?

Thanks

M99

I hold 3 sole Halifax Reward Accounts - AFAIK this is the maximum permitted by the ts and cs

Edit ~ it is in the Bank Account Getting Started Guide, https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf:

MACKEM99

Thanks very much.  Over the phone they have just tried to tell me the reason why one of my rewards has not updated despite me going through the process is because they say I cant have 3!

So we went through the "yes I can",  "no you cant" routine.

Complaint Route next.