Questions about two or more current accounts

positiveevibes

Alex9384 said:

positiveevibes said:

Oh and the tip for standing order in between accounts is also very helpful. I was definitely looking for tips like that. Thanks a lot for sharing. I always thought the in-credit has to be from a salary etc and not from another of my accounts, but looks like I wasn't reading properly T&C. Actually I have a question about it - does the in-credit have to be from one transaction or it is count in for the whole month? For example if I decide to have my salary in anyways but now with furlough I am not sure how much it would be each month, then can I top up the rest of the required amount from another of my accounts? Hope that makes sense. 

It doesn't have to be in one payment. You can send 1500 once, or 3x 500 on different dates within the same month. In both cases you will meet the criteria. Just remember, with some banks, payments from the same bank don't count. For example, you have 2 accounts with Halifax and you pay from account 1 to the account 2, this will not meet the criteria. Better to send it from a different bank.

Thank you for clarifying. Yes, I have seen about the transfer from the same bank that it isn't counting but could not see any info about the full or partial payment. I am interested in Halifax Reward account but I see I have missed their switching offer in Aug/Sept. Hopefully there would be good offers soon as well. 

kaMelo

positiveevibes said:

Alex9384 said:

positiveevibes said:

Oh and the tip for standing order in between accounts is also very helpful. I was definitely looking for tips like that. Thanks a lot for sharing. I always thought the in-credit has to be from a salary etc and not from another of my accounts, but looks like I wasn't reading properly T&C. Actually I have a question about it - does the in-credit have to be from one transaction or it is count in for the whole month? For example if I decide to have my salary in anyways but now with furlough I am not sure how much it would be each month, then can I top up the rest of the required amount from another of my accounts? Hope that makes sense. 

It doesn't have to be in one payment. You can send 1500 once, or 3x 500 on different dates within the same month. In both cases you will meet the criteria. Just remember, with some banks, payments from the same bank don't count. For example, you have 2 accounts with Halifax and you pay from account 1 to the account 2, this will not meet the criteria. Better to send it from a different bank.

Thank you for clarifying. Yes, I have seen about the transfer from the same bank that it isn't counting but could not see any info about the full or partial payment. I am interested in Halifax Reward account but I see I have missed their switching offer in Aug/Sept. Hopefully there would be good offers soon as well. 

Whilst most banks do require the monthly deposit required to come from an external bank Halifax is not one of them. Internal transfers between Halifax accounts do count towards monthly deposit requirements on the Rewards account..

General_Grant

kaMelo said:

positiveevibes said:

Alex9384 said:

positiveevibes said:

Oh and the tip for standing order in between accounts is also very helpful. I was definitely looking for tips like that. Thanks a lot for sharing. I always thought the in-credit has to be from a salary etc and not from another of my accounts, but looks like I wasn't reading properly T&C. Actually I have a question about it - does the in-credit have to be from one transaction or it is count in for the whole month? For example if I decide to have my salary in anyways but now with furlough I am not sure how much it would be each month, then can I top up the rest of the required amount from another of my accounts? Hope that makes sense. 

It doesn't have to be in one payment. You can send 1500 once, or 3x 500 on different dates within the same month. In both cases you will meet the criteria. Just remember, with some banks, payments from the same bank don't count. For example, you have 2 accounts with Halifax and you pay from account 1 to the account 2, this will not meet the criteria. Better to send it from a different bank.

Thank you for clarifying. Yes, I have seen about the transfer from the same bank that it isn't counting but could not see any info about the full or partial payment. I am interested in Halifax Reward account but I see I have missed their switching offer in Aug/Sept. Hopefully there would be good offers soon as well. 

Whilst most banks do require the monthly deposit required to come from an external bank Halifax is not one of them. Internal transfers between Halifax accounts do count towards monthly deposit requirements on the Rewards account..

And that applies to Lloyds too (and presumably Bank of Scotland as it is in the same Group).  TSB (formerly in the Lloyds group) also counts internal transfers.