Halifax Switch Query

Cptralls

Hi All,

I'm interested in the Halifax Switch for £100, however, to attain the £5 per month either £5k has to be kept in or £500 in direct debits. I wouldn't be spending £500 per month and I'm not sure about holding £5k in this account, are there any other options with the £500 spend? 

jay1804

It's £500 in debt card spending so general purchases, travel costs, groceries or credit bill payments would count.

colsten

The switch bonus is not related to the monthly reward offers. There is a Halifax switch thread here: https://forums.moneysavingexpert.com/discussion/6257593/halifax-100-switch-incentive

The reward offer is discussed in this thread: https://forums.moneysavingexpert.com/discussion/6113322/halifax-reward-account-changing-to-3-charge-with-lifestyle-rewards#latest

Note that the reward account costs £3 a month if you are not paying in at least £1,500 a month. You also do not need any direct debits for the rewards but there is a debit card option. Please read the terms and conditions on the Halifax website https://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account.html