Switch bonus

flipper_72

Hi,

Very late to this party, I have just set up a new Halifax account and swapped 2 DD to come out of it. Do I need to wait until these have come out of that account at least once before applying for a switch bonus? Or can I apply for the switch immediately even though the account hasn't ever been used?

Thanks

General_Grant

flipper_72 said:

Hi,

Very late to this party, I have just set up a new Halifax account and swapped 2 DD to come out of it. Do I need to wait until these have come out of that account at least once before applying for a switch bonus? Or can I apply for the switch immediately even though the account hasn't ever been used?

Thanks

I think you should have applied/registered for the incentive when you were opening the account, not when it is already open.  Did you save the terms of the offer?

flipper_72

The Halifax account is the donor account so there isn’t any incentive. I will use a link to open the incentive switch, I just need to know if the donor account needs to be in use before being switched.

eskbanker

flipper_72 said:

The Halifax account is the donor account so there isn’t any incentive. I will use a link to open the incentive switch, I just need to know if the donor account needs to be in use before being switched.

If the DDs show on the account within Halifax online banking then they should switch over to qualify for the offer, although usual advice is to wait until they've been used before switching - it's discussed regularly on each of the individual switching offer threads, although my understanding is that it's more to do with the way DDs are reflected within the donor account, as some banks don't show DDs until after they've been called....

flipper_72

Thank you, hopefully there will still be some switching offers once the DD have been taken 😁

Alex9384

flipper_72 said:

Thank you, hopefully there will still be some switching offers once the DD have been taken 😁

Is it your only Halifax account? Did you know you can open another 2 current account with Halifax with no additional hard searches? As well as 2 credit cards. So 5 accounts, 1 search. But I personally would not open all 3 current accounts in the same month.

IMHO, Halifax is the best of the big "dinosaur banks" at least in terms of functionality / features.
Don't you want to open some useless bank such as Metro and switch that account instead? Just my suggestion.

phillw

I would keep a halifax reward account, they are good for £5 a month & no direct debits required.
Barclays gives £3 a month for 2 direct debits
Natwest & RBS gives £5 a month each for 2 direct debits

These are scraping the bottom of the barrel
Lloyds gives you 0.5% interest + movie vouchers or tickets for 2 direct debits
Coop gives £1 a month for 4 direct debits

Any other accounts you can open and use for switching, I had a couple of TSB back from when they offered 5% interest (one got converted to spend and save for £5 but getting all those debit card transactions is a lot of work) and they have now been switched.

flipper_72

Thank you. I have 2 reward accounts getting £5 per month each already, I read about Halifax not doing a hard search so opened the other one to start switching to get bonus money. Whilst I have a good credit history we are looking to move next year so don’t want too many hard searches on there. The 2 DD I have transferred to the donor account are not showing as pending yet so I will wait for them to be taken and go for the best bonus available.