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

harz99

harz99 said:

Switching from Lloyds to the Reward account x2, both bonuses paid in yesterday pm to join the £1 i paid into each a/c, switch date is tomorrow 13th, then a quick £1500 bounce in and out will be done x2 to avoid any chance of fees, then with draw the £100s and downgrade to await the next lot of easy money. No interest from us in the rewards side, just quick cash.

All done and dusted with reward accounts downgraded to the standard current accounts online yesterday. Easy peasy.

billn

Switch completed yesterday but no £100 yet.

tel_

Polarpenguin said:
No sign of my £100 yet either. Had text to confirm switch completed at 11:52 am Friday

I didn't get a text.

Sounds as though the switches have been a smooth process up until the end of the working week.

Yorkshire_Pud

colsten said:

7sefton said:

I’ve read most of the posts on this thread, but are we certain that upgrading a standard current account to a Reward account, and then switching to it, doesn’t count? I’ve just upgraded in this way (same sort code and account number) but all of the emails I’ve had from Halifax make this sound like a new Reward account, and I guess you could argue it is a new Reward account because it wasn’t that before?! Just checking before I risk opening an Ultimate account and paying the fee...

It's sort of obvious to me from the offer T&Cs.

Lol. Hard to see the gain in wilfully doing it wrong just to have an argument with a bank.

Yorkshire_Pud

After switch yesterday and £100 received two days ago, today changed UR account to standard current account. Log off log back in to see the change.
My belief from reading page 53 of the welcome pdf is that if on the fee charging day of the UR 2nd Sept or near you no longer hold the UR account then no fee is charged.
Bit like Santander £5 monthly fee if change to lite before the anniversary monthly charge date they just take the lite fee and don’t pro rata charge for the period when it was full fat.

Leaving £17 in the account anyway just in case!

[Deleted User]

Yorkshire_Pud said:

After switch yesterday and £100 received two days ago, today changed UR account to standard current account. Log off log back in to see the change.
My belief from reading page 53 of the welcome pdf is that if on the fee charging day of the UR 2nd Sept or near you no longer hold the UR account then no fee is charged.
Bit like Santander £5 monthly fee if change to lite before the anniversary monthly charge date they just take the lite fee and don’t pro rata charge for the period when it was full fat.

Leaving £17 in the account anyway just in case!

Thank you I’m more hopeful for mine now. Switch due Tuesday next week. 

colsten

Yorkshire_Pud said:

After switch yesterday and £100 received two days ago, today changed UR account to standard current account. Log off log back in to see the change.
My belief from reading page 53 of the welcome pdf is that if on the fee charging day of the UR 2nd Sept or near you no longer hold the UR account then no fee is charged.
Bit like Santander £5 monthly fee if change to lite before the anniversary monthly charge date they just take the lite fee and don’t pro rata charge for the period when it was full fat.

Leaving £17 in the account anyway just in case!

My downgraded UR will long have been switched out of Hfx by Sept 2 

CRISPIANNE3

I will keep the Reward account for the £5.00. I can easily keep £5,000 in the account but if things change financially for me then I will certainly downgrade the account. However there may be another switch offer on the horizon. 

colsten

Keeping the Reward account(s) you have is essentially a non-brainer. Keeping the UR only makes sense if you benefit from its insurances, which I don't.

Ted_E_Bear

CRISPIANNE3 said:

I will keep the Reward account for the £5.00. I can easily keep £5,000 in the account but if things change financially for me then I will certainly downgrade the account. However there may be another switch offer on the horizon. 

As I understand the offer, and some of it isn't clear, you have to keep £5K in the account, and pay in £1500 in every month.

£5 per month on £5K is only £2 per year better than my NS&I account, plus you have to transfer in and out £1500 every month. It's not worth the hassle for an extra £2 a year.