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

colsten

ischris85 said:

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.

Be aware that Starling won't allow you to open another account with them within 12 months of switching away from them.

colsten

jen49 said:

Ashen said:

Any idea if it offers to switch as part of a new application if doing logged on as an existing customer?

Trying to find the answer to this as well

Yes it does.

colsten

schiff said:

Is there something to be said for not bothering about the monthly deposit nor the DDs, 

This switch offer does not require DDs. Nor does the new Reward scheme.

ischris85

colsten said:

ischris85 said:

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.

Be aware that Starling won't allow you to open another account with them within 12 months of switching away from them.

Didn't know that thank you Colsten. Do you know if Monzo has a similar restriction?

Consumerist

S_uk said:

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?

The £1,500 must be deposited within the calendar month. It doesn't have to be in one single payment, so you can spread it out over the month..

colsten

ischris85 said:

colsten said:

ischris85 said:

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.

Be aware that Starling won't allow you to open another account with them within 12 months of switching away from them.

Didn't know that thank you Colsten. Do you know if Monzo has a similar restriction?

Without digging a lot, I can't be certain about Monzo but it seems they allow re-opening after 30 days: https://community.monzo.com/t/deleted-account-and-now-want-to-re-open/75571

Perhaps someone else knows better than me.


This is from Starling FAQ:

colsten

IIRC, Metro accounts can be opened quite quickly - though my knowledge on this is BC (Before Corona)

mab3000

ischris85 said:

colsten said:

ischris85 said:

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.

Be aware that Starling won't allow you to open another account with them within 12 months of switching away from them.

Didn't know that thank you Colsten. Do you know if Monzo has a similar restriction?

Think I remember when I switched away from Monzo recently a message came up in the app acknowledging that I started a switch away from them and that I was welcome back anytime. 

Unlike Starling, when I switched away from them last year they did absolutely nothing when I switched, no acknowledgement or anything. Just on the switch date I couldn’t access the app anymore. 

jen49

colsten said:

jen49 said:

Ashen said:

Any idea if it offers to switch as part of a new application if doing logged on as an existing customer?

Trying to find the answer to this as well

Yes it does.

Found it but you wont get offer (£100) and they close your current reward to open an new one - thats how I'm reading the T&C's anyway.
If anyone else knows different....

colsten

jen49 said:

colsten said:

jen49 said:

Ashen said:

Any idea if it offers to switch as part of a new application if doing logged on as an existing customer?

Trying to find the answer to this as well

Yes it does.

Found it but you wont get offer (£100) and they close your current reward to open an new one - thats how I'm reading the T&C's anyway.
If anyone else knows different....

I see nothing in the T&Cs about them closing any of your accounts - and they do not close any account for you in the process of applying for a new one. 

You have to apply for a new - emphasis on new - Reward or Ultimate Reward account, then switch to that new account. Whether you are actually allowed to open such a new account depends entirely on what accounts you already have. You will not be offered the option to apply for a new Reward account if you already have the maximum number of Reward accounts. You will also only be offered the option to apply for an Ultimate Reward account if you have not already got the maximum number of Ultimate Reward accounts.