Possible £100 Halifax switch offer starting 4/8/20

colsten

michaels said:

When do the reward account fivers come in as i will downgrade after. Thanks

they say 'around the 12th'. It was Monday 13th in July.

colsten

Can you downgrade an Ultimate Reward to a normal Reward if you already have a normal Reward?

ischris85

Link to post on hotukdeals

https://www.hotukdeals.com/deals/halifax-offering-100-to-switch-from-48-3514236

crumpet_man

Probably best not to read the hotukdeals post, there's more AskJeeves type questions on there than here.

PRAISETHESUN

Looks like it's the real deal

https://www.halifax.co.uk/bankaccounts.html

£100 Switching Offer Terms & Conditions expandable section

To qualify for the £100 switching offer (“the offer”) you must open a new Reward Current Account or Ultimate Reward Current Account and use the ‘Current Account Switch Service’. The following conditions apply:

• Apply for a new Reward Current Account (£3 monthly maintaining the account fee applies) or new Ultimate Reward Current Account (£17 monthly maintaining the account fee applies) (‘Qualifying Account’)
• Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to the Qualifying Account and close your old account with the other bank.
• The Qualifying Account must be opened between 04/08/2020 and 14/09/2020 and the switch started by 14/09/2020.

You are not eligible for the offer if:

• You open and switch to any account other than a new Reward Current Account or new Ultimate Reward Current Account.
• You change your existing current account to a Reward Current Account or Ultimate Reward Current Account and switch to that account.
• Since April 2018 you received a switching offer for switching to a Reward Current Account or Ultimate Reward Current Account.
• The bank you are switching from does not participate in the Current Account Switch Service. To find out more visit www.currentaccountswitch.co.uk

1. The offer applies to applications received in branch, online or by phone from the 04/08/2020 to 14/09/2020. The offer is subject to change and can be withdrawn without notice at any time.
2. The offer does not automatically guarantee an arranged overdraft and any application will be subject to status. If your account has an arranged overdraft you will not pay any daily arranged overdraft interest for 6 months.
3. After 6 months, or if you change your account, you will be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. Please see the Bank accounts and switching to us leaflet for full details on arranged overdraft interest. You will have been given this when you opened your account, but if you would like another one, please ask in branch or look at https://www.halifax.co.uk/bankaccounts/switch-to-halifax/
4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
5. The offer will be paid directly into your account by the time your switch has completed and will appear as a cash credit. The offer is not available to employees of Lloyds Banking Group, or if the employee is named on any bank account held in joint names.

veryintrigued

This might help people - assuming you fit into the April 2018 above.

[Deleted User]

So what’s to stop someone opening an ultimate reward account if they already have the other one and then switching it straight out after getting the bonus ? Or downgrading it ?

crumpet_man

Nothing I would guess.  At worse you may have to pay one month fee?

[Deleted User]

crumpet_man said:

Nothing I would guess.  At worse you may have to pay one month fee?

That’s what I thought too. 

superM

I already have a Reward account. 
Can I open another reward account and do the switch?
I am sure the last switch payment I had was before 2018.  
Also once switching payment is received and I decide to close account is it possible or is it fixed for 12 months?
Thanks