*NEW* £125 Halifax Switch Offer + 0% Overdraft for 6 months!

mn92

Hi all,

Just noticed that Halifax has launched a new switching offer for £125! 

Also something really interesting is that when you switch you get 0% for 6 months on your overdraft!

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

https://www.halifax.co.uk/bankaccounts.html

Ed-1

mn92 said:

Hi all,

Just noticed that Halifax has launched a new switching offer for £125! 

Also something really interesting is that when you switch you get 0% for 6 months on your overdraft!

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

https://www.halifax.co.uk/bankaccounts.html

More pertinent for some is that this one allows you to switch into an existing account as long as you haven't received an incentive since April 2020.

JustAnotherSaver

Can anyone comment when they last ran one of these?

Memory is hazy but i THINK it was something like £125 up front and then £50 after 6 months or 12 months or whatever if that jogs anyones memory?

I took advantage of it and i THINK it was before April 2020 but not 100% sure. If so then I can go ahead with this again.

myth123

My previous incentive from Halifax was £100 back in August 2020 sadly. Maybe next time!

D924

They are offering £5 a month as a bonus if you spend £500 with your debit card as well.

That works out at 1% so same as Chase and pointless for everyday spending.

But perhaps if you used it to fund a share dealing account or similar (Chase doesn't give cashback on this), it could be a further free £60 a year.

grandadgolfer

Does this need any DD transferring over

Daliah

grandadgolfer said:

Does this need any DD transferring over

Do the switch offer T&Cs say that you do?

grandadgolfer

Daliah said:

grandadgolfer said:

Does this need any DD transferring over

Do the switch offer T&Cs say that you do?

Sorry for asking but I'm using mobile at the moment in a very slow broadband area wont be home for another 5 days  

Se1Lad

grandadgolfer said:

Does this need any DD transferring over

No mention in the T&C’s - however be aware of the following:

You wont qualify for the offer if:

• 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 start your switch after 9th May 2022. 

Zanderman

D924 said:

They are offering £5 a month as a bonus if you spend £500 with your debit card as well.

That works out at 1% so same as Chase and pointless for everyday spending.

But perhaps if you used it to fund a share dealing account or similar (Chase doesn't give cashback on this), it could be a further free £60 a year.

Well they've been offering that for some time, it's not new or part of the switch offer and so is available to all regardless of the switch offer.

Your comment about it being 1% cashback on the £500 spend is missing the point that you don't need to 'lose' the £500 monthly if you pay £500 by debit card into a savings account or similar of your own and simply recycle it back to Halifax later each month.  Discussed in many previous threads about the Halifax rewards account. Which makes it 12% (though only on £500, obviously).

JustAnotherSaver

JustAnotherSaver said:

Can anyone comment when they last ran one of these?

Memory is hazy but i THINK it was something like £125 up front and then £50 after 6 months or 12 months or whatever if that jogs anyones memory?

I took advantage of it and i THINK it was before April 2020 but not 100% sure. If so then I can go ahead with this again.

Well nobody has answered this but in case anyone else took advantage of the offer I mention above & also can't remember when it was

I've just got off the phone to them and my switch completed January 2019.

I do remember that I didn't bag the switch early after it was released so anyway, if you took advantage of it also & like me can't remember when it was then you should be good to go with this one.