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

crumpet_man

Where does it state you can have only one sole reward account?  

Edit, I have found it on the letter which Halifax sent out regarding the changes to the Reward accounts but I cannot find it in the terms and conditions for the Reward account.

Ashen

drob4 said:

keiran said:

To those who already have more than one (possibly many) Reward accounts, how are you approaching this one, please?
I could try to open another, but the terms do say only one sole Reward account - and the application may even trigger their system or a human into seeing the many accounts I hold and closing them!

I’m considering opening an Ultimate account (don’t currently have any of these) and paying one month’s fee. Doesn’t seem to be an option to close the account online after the incentive is received though...

I just opened an Ultimate account. Hopefully the system will let me downgrade it after the switch is complete, in the same way I upgraded a Classic to a Reward last month.

ddonq1412

For people needing a hand of 500 spend on debit card, Revolut still allows you to top it up by card still. then to can transfer the money out of the card back to a different bank. as i guess most people on here will have more than 1 current account /saving accounts

drob4

Ashen said:

drob4 said:

keiran said:

To those who already have more than one (possibly many) Reward accounts, how are you approaching this one, please?
I could try to open another, but the terms do say only one sole Reward account - and the application may even trigger their system or a human into seeing the many accounts I hold and closing them!

I’m considering opening an Ultimate account (don’t currently have any of these) and paying one month’s fee. Doesn’t seem to be an option to close the account online after the incentive is received though...

I just opened an Ultimate account. Hopefully the system will let me downgrade it after the switch is complete, in the same way I upgraded a Classic to a Reward last month.

Good point. Hopefully there’ll be an option to downgrade to a standard current account. Pretty sure there’s an option to do this with my non-Ultimate Reward account.

Breadcake

crumpet_man said:

Where does it state you can have only one sole reward account?  

Edit, I have found it on the letter which Halifax sent out regarding the changes to the Reward accounts but I cannot find it in the terms and conditions for the Reward account.

Page 26 of this document explains the number of accounts:
 https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

castle96

I certainly wont be bothering with DDs/funding, etc. As soon as the £100 comes, I'm off !

adamp87

I’ve already got a basic Halifax (just kept as it’s my oldest account) so looking to switch another account over to take advantage.

As I’m going to be an internal customer so to speak, and don’t wish for an overdraft will they still run a hard search?

S_uk

Quick question for those that already have accounts with Halifax - if I open a rewards account, can I pay in the £1500 at any point in a calendar month (so I don't have to pay a fee), or is it during the cycle of a month starting from when the account was opened?

colsten

frugalandsave said:

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?

The name on the account to be switched must match the name on the Halifax account.

superM

drob4 said:

Ashen said:

drob4 said:

keiran said:

To those who already have more than one (possibly many) Reward accounts, how are you approaching this one, please?
I could try to open another, but the terms do say only one sole Reward account - and the application may even trigger their system or a human into seeing the many accounts I hold and closing them!

I’m considering opening an Ultimate account (don’t currently have any of these) and paying one month’s fee. Doesn’t seem to be an option to close the account online after the incentive is received though...

I just opened an Ultimate account. Hopefully the system will let me downgrade it after the switch is complete, in the same way I upgraded a Classic to a Reward last month.

Good point. Hopefully there’ll be an option to downgrade to a standard current account. Pretty sure there’s an option to do this with my non-Ultimate Reward account.

That's what I am thinking to do. Open Ultimate account.  I thinking switching date will be around 13th August. They should pay the incentive by that time. And downgrade the account soon after. 
Hopefully they will not charge me account fee if the account is downgraded before the fee becomes payable?