Halifax Reward 30 April at 7:30PM edited 30 April at 7:33PM in Budgeting & Bank Accounts 77 replies 3.9K views

GTR_King

So I have post office savings I used to be able to pay £500 by Debit Card with my Halifax Reward Account now I can't do that anymore,

So what's the best way to spend £500 or is there not a way anymore?

Should I downgrade my account? Will I have to get new Debit Card?

Please remove if discussed before 

ZeroSum

Why can't you do that anymore?
AFAIA, the PO still allows debit card deposits

GTR_King

When I log into my P.O Savings and click on deposit money it says this

Either transfer money from another Post Office Savings account or set up your deposit via standing order from your linked account. Any regular deposits must come from your linked account.

so need new way of spending £500

dcs34

ZeroSum said:

Why can't you do that anymore?
AFAIA, the PO still allows debit card deposits

Not online, at least.

@GTR_King try https://www.nsandi.com/products/direct-saver

Or pay off a credit card

GTR_King

Credit card is no good as I don't spend £500

that Nandi looks good but can you pay in £500 by debit card?

ZeroSum

Just checked & so they have
Looks like the DD might have finally gone also as won't let me cancel

This is what I use anyway

https://www.ybs.co.uk/savings/easy-access/index.html?cmpid=ppc-GOOGLE-Brand+Only+-+Yorkshire+Building+Society+-+Exact-yorkshire+building+society&gclid=Cj0KCQjwvLOTBhCJARIsACVldV1TH__JO0p1G1k49hMcX50cm1aWbewaoBhQi4hjuK6ZCbCm4hNFTc8aAuY9EALw_wcB&gclsrc=aw.ds

mab3000

GTR_King said:

Credit card is no good as I don't spend £500

that Nandi looks good but can you pay in £500 by debit card?

I haven’t done it in a while but yes I used to add funds monthly to an NS&I account to qualify for the £500 spend required for the Halifax reward account. 

GTR_King

Thanks mate I did have an account with them ages ago don't think I closed it down so gonna try get online if it still work.

Still looking for ideas to spend the £500

wmb194

Do you have a brokerage account? You can often fund these by debit card and then withdraw the money a few days later.

GTR_King

I have solved the issue by putting £5k in Halifax Reward account but will look for £500 debit card payment later on 

grumiofoundation

GTR_King said:

I have solved the issue by putting £5k in Halifax Reward account but will look for £500 debit card payment later on 

One answer is provided above - N S and I saver (or premium bonds)? 

On £5000 over 1 year you can get more interest than the £60 from rewards elsewhere - chase 1.5% (£75) for example.