Halifax Switch Offer £125

Zanderman

New offer from Halifax launched today (3rd Nov). 

Note that it applies to anyone who hasn't had a switch incentive since April 2020, so even some regular switchers may qualify again.

Details here:  https://www.halifax.co.uk/bankaccounts/switch-to-halifax.html

You're eligible for the £125 offer if you do the following:

• Open a new Reward Current Account (Free if you pay in more than £1,500 each month otherwise £3 monthly fee to maintain the account)

Or

• Open a new Ultimate Reward Current Account (£17 monthly fee to maintain the account)

And

• Switch and close your old account held elsewhere using the Current Account Switch Service by 14 December 2021

You wont qualify for the offer if:

• You’re changing an existing Halifax account to a Reward or Ultimate Reward Current Account
• You’ve received cashback for switching to us since April 2020
• You are switching to a Halifax Current Account, Basic Account, Student Account or Youth Account
• You are switching into any existing Halifax bank account

Frequently Asked Questions on Switching:

• As an existing Halifax customer can I qualify for the £125 offer? Yes, as long as you haven’t received cashback from us since April 2020 and you open a new Reward or Ultimate Reward Current Account and use the Current Account Switch Service to switch a bank account held elsewhere
• To qualify for the offer do I need to complete the switch at the time of opening my new bank account? No, as long as you start your switch by 14 December, you can complete your switch at a later date by visiting our website

And, from the T&Cs:

To qualify for the £125 switching offer (“the offer”) you must open a new Reward Current Account or Ultimate Reward Current Account and use the ‘Current Account Switch Service’ to switch into it from a bank account held with another bank. The following conditions apply:

• Apply for a new Reward Current Account (£3 monthly maintaining the account fee applies) or new Ultimate Reward Current Account (£17 monthly maintaining the account fee applies) (‘Qualifying Account’)
• Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to the Qualifying Account which will close your old account with the other bank
• Open your Qualifying Account between 03/11/21 and 14/12/21 and start the switch service by 14/12/21

You are not eligible for the offer if:

• You open and switch to any account other than a new Reward Current Account or new Ultimate Reward Current Account
• You switch to any existing Halifax account
• You change your existing Halifax Current Account to a Reward Current Account or Ultimate Reward Current Account and switch to that account
• Since April 2020 you’ve received a switching offer for switching to a Reward Current Account or Ultimate Reward Current Account
• You are switching to a joint account and one of the parties to the joint account has already received a switching incentive since April 2020
• The bank you are switching from does not participate in the Current Account Switch Service. To find out more visit www.currentaccountswitch.co.uk

1. The offer applies to applications received in branch, online or by phone between 03/11/21 and 14/12/21. The offer is subject to change and can be withdrawn without notice at any time

cx6

Excellent news, thanks. April 2020 is a generous date and no DDs seem to be required

[Deleted User]

I looked at this, but there are too many strings. Plus, they won't allow me to upgrade my 'Basic' current account to a 'Reward' account and then switch into that. Ridiculous.

crumpet_man

Too many strings?  Are you kidding?  This is one easy switch.

Why do you need to upgrade your basic account to a reward?  Open a new reward and switch into that, what's the issue?

I'd go for this but I did a switch in August last year.  Halifax are great for free fivers each month.

MalMonroe

Rubbish news for me and no, I am not kidding.

I can't pay in £1500 per month and don't want to pay £3 a month for 'maintenance' either.

I'll have to stick with Nationwide a bit longer.

Sensory

I would, but I've already opened four accounts this past month and switched three times. I'm still waiting for Santander's payment so I'd have to open another two accounts for this one.

grandadgolfer

Easy switch £125 paid 3 days after switch....what's not to like

Daliah

MalMonroe said:

Rubbish news for me and no, I am not kidding.

I can't pay in £1500 per month and don't want to pay £3 a month for 'maintenance' either.

What stops you from paying £1,500 per month into Halifax, and why do you think you need to pay £3?

You can pay this, in one lump sum or in multiple payments, into Halifax and back to where it came from in next to no time each month. If you play your cards right and put a little extra effort in, Halifax will even pay you £5 a month for having a Reward account.

You can also close the account as soon as the switch is completed and they have paid the switch bonus. Their payment record is exemplary.

A fantastic offer for those who haven't had a Halifax switch bonus since April 2020

soulsaver

What's the routine if you already have the 2(?)max Reward acs? Anybody risking downgrading one and opening a new?

And I've seen before people post that they have more than the two max: Do they risk attracting attention while opening an Ultimate RA/switching/collect bonus/near immediate downgrade?

YorkshireBoy

soulsaver said:

What's the routine if you already have the 2(?)max Reward acs? Anybody risking downgrading one and opening a new?

And I've seen before people post that they have more than the two max: Do they risk attracting attention while opening an Ultimate RA/switching/collect bonus/near immediate downgrade?

Personally I'll be giving it a miss...again!
Not even considering the Ultimate Reward route, as with 4 existing Reward accounts and £240 a year already in payment I have too much to lose.

fly-catchers

I have a reward account I have had for many years in its many forms. I couldn’t work out if as an existing customer I could do a switch to that account. Or do I need to set up another reward account with them first? I actually did try a switch today which progressed to me giving the bank account I was transferring. But them got a somethings gone wrong screen!