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

colsten

superM said:

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

You are allowed one sole and one joint Reward account. Plus one sole and one joint Ultimate Reward. You can close any of them any time you like.

superM

colsten said:

superM said:

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

You are allowed one sole and one joint Reward account. Plus one sole and one joint Ultimate Reward. You can close any of them any time you like.

Okay Thabks.  
So if I downgrade my Reward account to a Current account and then apply for a New Reward account.  I should qualify for the switching offer. 
It just mentions about switching,  does bit have to be any active direct debits on the account. 

colsten

It seems they don't do a credit check for Ultimate Reward account applications for existing customers 

Zanderman

superM said:

colsten said:

superM said:

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

You are allowed one sole and one joint Reward account. Plus one sole and one joint Ultimate Reward. You can close any of them any time you like.

Okay Thabks.  
So if I downgrade my Reward account to a Current account and then apply for a New Reward account.  I should qualify for the switching offer. 
It just mentions about switching,  does bit have to be any active direct debits on the account. 

No need for any DDs - this is a straightforward switching offer.  You switch an external account to a new Halifax Rewards account you get the £100.  As long as you haven't had an incentive from Halifax since April 2018.  That's all.  

Bobblehat

I think someone on another thread mentioned a way of spending £500 (was it automatically, by paying into some savings account or similar) on the debit card to get the extra £5pm from the Halifax. Can anyone jog my memory on this as I can't seem to find the thread? TIA.

frugalandsave

i just signed up by switching. My wife has a dormant account with First Direct but its still in her maiden name, would that present issues when trying to switch that account to Halifax?

Herbalus

Bobblehat said:

I think someone on another thread mentioned a way of spending £500 (was it automatically, by paying into some savings account or similar) on the debit card to get the extra £5pm from the Halifax. Can anyone jog my memory on this as I can't seem to find the thread? TIA.

Not entirely sure what the question is, but the spending £500 on debit card is quite straightforward. Just...spend £500 on a debit card. It turns out that paying off a credit card or deposits into a savings account for the places that accept them, counts as a “spend” on the debit card. It’s not automatic though.

wiseonesomeofthetime

@Bobblehat - Did some searching for you and found this one - https://forums.moneysavingexpert.com/discussion/comment/77388427/#Comment_77388427

That post does not say how or where they posted their savings, only that it worked for them. 

Having deposited into my newly-opened NS&I Direct Saver on Sunday, I can confirm that the debit card transaction to NS&I was visible in my account the same day (unlike FPs).

So, as long as you have a saving account that allows debit card deposits, you should be fine (I hope).

Just make sure it is a manual, debit card, transaction and not an automatic SO, as they would not qualify for the reward, imo.

Good luck!

Bobblehat

Thanks Herbalus. I am maybe getting confused (and maybe confusing others)! I take it that an SO or Faster Payment out of the Halifax account is not the same as "Spending on the Debit Card"? 

I thought I saw part of a thread in another topic on "Budgeting and Banking" that specifically mentioned a way of "spending on the Debit Card" that was valid for the £5pm bonus. I don't normally spend £500pm on any Debit Card, but do a fair amount of shuffling money from one bank to another each month to meet conditions for various bonuses, feeding RS's etc. 

Ideally, I am looking for a way to spend the £500 via the debit Card into savings and if there were a way to do it automatically (i.e. without manual intervention) then that would be a bonus.

ischris85

I tried to open a Monzo account this morning to take advantage of this offer, but seems stuck on verifying your account information so might have to use my Starling account.