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

Aidanmc

adindas said:

Is there any other method similar to pay to Saving account for debit card spending ?? I am already aware of SBS (not longer available), PO (hassles to get your money out), RVLT, NS&I.

Any info will be very much appreciated, PM is also good. Thanks for sharing. Sharing is caring.

If you do not want to post it here, pm will also be good.

HL Active savings

Daliah

Aidanmc said:.

HL Active savings

Careful - if/when you make a withdrawal to your nominated current account, they pay some random amount back to the card you made your deposit with.

adindas

The following Saving accept payment by Debitcards

The following have been confirmed recently to be working by the MSEr

HL Active Savings (confirmed by MSEs recently)

KRBS. Not sure but I might have tried it long time ago. Has anyine tried it recently ??

NS&I (confirmed by MSEs recently)

Skipton (no longer available for new customer)

Post Office (I have tried it but Hassles to withdraw your money)

Has anyone tried the debitcard payment method from the list above and provide infos which one is still work well ??.

Also is there anyother method apart from paying your saving AC using Debitcard.

I am already aware of RVLT, STLING

PM will also be good. Thx

Daliah

There is a thread on the savings board with all the information you are after.

ZeroSum

Still missing the one I mentioned earlier on in the thread 

soulsaver

adindas said:

ZeroSum said:

Still missing the one I mentioned earlier on in the thread 

YBS, What is the name of that Saving AC ??

Go to YBS/Savings'. Click on 'apply online'. Peruse the 'how to operate the account' detail.
If it's not listed it may no longer be available to new applicants.  

Emily_Joy

redux said:

Ballard said:

I’ve just switched from Barclays to Halifax and hasn’t considered the £500 spend being possible that often given my credit card use for points.

Thanks to everyone who’s pointed out that I can use the debit card to part pay the credit card. Unless they change the rules I’ll be £60 a year to the good. 

Not all credit card accounts accept payment by debit card, so some people might find it worth checking in advance of a move

My 2 pence: Sainsbury's, Virgin Money, and John Lewis finance accept debit card payments. NatWest and HSBC don't.

Rich2808

Apologies for resurrecting this old thread - and asking a question covered before. But I just wanted to clarity what transactions relating to 'money transfers' qualify for the £500 debit card payment requirement to trigger a reward payment monthly.

Am I correct in assuming that if you use your debit card to say pay £500 into a cash savings account (recorded by Halifax as financial institutions merchandisers and services) you would not qualify for a monthly reward - but if you used the debit card to pay off a £500 credit card bill for example you would?

I tried the former - and its not showing me as qualifying for the monthly reward  - as its 'a money transfer to another account'.

https://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account.html

Thanks in advance for your help on this!

surreysaver

Rich2808 said:

Apologies for resurrecting this old thread - and asking a question covered before. But I just wanted to clarity what transactions relating to 'money transfers' qualify for the £500 debit card payment requirement to trigger a reward payment monthly.

Am I correct in assuming that if you use your debit card to say pay £500 into a cash savings account (recorded by Halifax as financial institutions merchandisers and services) you would not qualify for a monthly reward - but if you used the debit card to pay off a £500 credit card bill for example you would?

I tried the former - and its not showing me as qualifying for the monthly reward  - as its 'a money transfer to another account'.

https://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account.html

Thanks in advance for your help on this!

I pay £500 into Skipton Building Society or Premium Bonds. Both work. Have you given it enough time to show up? Don't forget a debit card transaction actually takes a couple of days to appear on your account (even if it is 'pending'), then it will be another couple of days for your account to show as having met the conditions for the month

kaMelo

Rich2808 said:

Apologies for resurrecting this old thread - and asking a question covered before. But I just wanted to clarity what transactions relating to 'money transfers' qualify for the £500 debit card payment requirement to trigger a reward payment monthly.

Am I correct in assuming that if you use your debit card to say pay £500 into a cash savings account (recorded by Halifax as financial institutions merchandisers and services) you would not qualify for a monthly reward - but if you used the debit card to pay off a £500 credit card bill for example you would?

I tried the former - and its not showing me as qualifying for the monthly reward  - as its 'a money transfer to another account'.

https://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account.html

Thanks in advance for your help on this!

If you entered your 16 digit card no. to pay into the savings account then it should qualify. The only thing I would add is to check the date on the rewards tracker. It's usually a couple of days behind so if you've only just paid the money into the savings account it could take a couple of days to update.