£150 Halifax Switch Offer + 0% Overdraft for 6 months! (12th July 2022 - 5th September 2022)

mn92

Hi all,

Just noticed that Halifax has launched a new switching offer for £150! 

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 

You wont qualify for the offer if:

• You’ve received cashback for switching to us since April 2020
• You switch less than 2 active direct debits from another bank using the ‘Current Account Switch Service’
• You are switching to a Halifax Current Account, Basic Account, Student Account or Youth Account
• You start your switch after 5th September 2022.

PRAISETHESUN

You've linked to a Lloyds offer in your post above (the displayed URL is correct but the hyperlink takes you to a Lloyds website instead).

In any case, full offer terms are below: https://www.halifax.co.uk/bankaccounts/switch-to-halifax.html

To qualify for the £150 switching offer (“the offer”) you must switch to a Reward Current Account or Ultimate Reward Current Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The switch must include 2 direct debits. The following conditions apply:

• 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 a Reward Current Account (£3 monthly maintaining the account fee) or Ultimate Reward Current Account (£17 monthly maintaining the account fee). The ‘Current Account Switch Service’ will close your old account with the other bank; and
  
• Your switch must include the transfer of a minimum of 2 active direct debits from the current account being switched to the Halifax as part of the switch. Direct debits set up or transferred after your switch has been started will not count towards this offer. Other types of automated payments, such as standing orders and recurring card payments, won’t count towards this; and
• Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Reward Current Account or Ultimate Reward Current Account between the 12/07/2022 and the 05/09/2022.
  

You are not eligible for the offer if:

• You switch to any account other than a Reward Current Account or Ultimate Reward Current Account.
• You change your existing account to a Reward Current Account or Ultimate Reward Current Account but you do not move your account from another bank using the ‘Current Account Switch Service’ before the switching deadline.
• You’ve received a switching offer since April 2020 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 offer 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
• You are an employee of Lloyds Banking Group, or if an employee is named on any bank account held in joint names.

1. The offer applies to applications received in branch, online or by phone between the 12/07/2022 and the 05/09/2022. The offer is subject to change and can be withdrawn without notice at any time.
   
2. The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your account has an arranged overdraft, you will not pay any daily arranged overdraft interest for 6 months provided you stay within your arranged overdraft limit and do not increase or otherwise alter the arranged overdraft limit agreed.
3. After 6 months, or if you change your account, you will be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. If you need any information about our overdrafts, please visit: https://www.halifax.co.uk/bankaccounts/overdrafts.html
4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
5. The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit. 

mn92

PRAISETHESUN said:

You've linked to a Lloyds offer in your post above (the displayed URL is correct but the hyperlink takes you to a Lloyds website instead).

In any case, full offer terms are below: https://www.halifax.co.uk/bankaccounts/switch-to-halifax.html

To qualify for the £150 switching offer (“the offer”) you must switch to a Reward Current Account or Ultimate Reward Current Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The switch must include 2 direct debits. The following conditions apply:

• 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 a Reward Current Account (£3 monthly maintaining the account fee) or Ultimate Reward Current Account (£17 monthly maintaining the account fee). The ‘Current Account Switch Service’ will close your old account with the other bank; and
  
• Your switch must include the transfer of a minimum of 2 active direct debits from the current account being switched to the Halifax as part of the switch. Direct debits set up or transferred after your switch has been started will not count towards this offer. Other types of automated payments, such as standing orders and recurring card payments, won’t count towards this; and
• Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Reward Current Account or Ultimate Reward Current Account between the 12/07/2022 and the 05/09/2022.
  

You are not eligible for the offer if:

• You switch to any account other than a Reward Current Account or Ultimate Reward Current Account.
• You change your existing account to a Reward Current Account or Ultimate Reward Current Account but you do not move your account from another bank using the ‘Current Account Switch Service’ before the switching deadline.
• You’ve received a switching offer since April 2020 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 offer 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
• You are an employee of Lloyds Banking Group, or if an employee is named on any bank account held in joint names.

1. The offer applies to applications received in branch, online or by phone between the 12/07/2022 and the 05/09/2022. The offer is subject to change and can be withdrawn without notice at any time.
   
2. The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your account has an arranged overdraft, you will not pay any daily arranged overdraft interest for 6 months provided you stay within your arranged overdraft limit and do not increase or otherwise alter the arranged overdraft limit agreed.
3. After 6 months, or if you change your account, you will be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. If you need any information about our overdrafts, please visit: https://www.halifax.co.uk/bankaccounts/overdrafts.html
4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
5. The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit. 

apologies! you are right. just corrected the link - thank you

Asghar

The previous offer earlier in the year was simpler, requiring no direct debits. Although you are now getting £25 more.

I'm assuming you can still switch from a Lloyds current account.

PRAISETHESUN

Asghar said:

The previous offer earlier in the year was simpler, requiring no direct debits. Although you are now getting £25 more.

I'm assuming you can still switch from a Lloyds current account.

There's nothing in the terms preventing you switching from a Lloyds account so you should be good to go.

sparkiemalarkie

Does anyone know what word to search for to check for previous switch incentives...
Incentive, reward, cashback ?

tia

sx

PRAISETHESUN

sparkiemalarkie said:

Does anyone know what word to search for to check for previous switch incentives...
Incentive, reward, cashback ?

tia

sx

Lloyds/Halifax usually just list their switch offer payments on your statements as "incentive"

soulsaver

I see they are still short of competence when writing the terms/blurb:

In the marketing blurb: "You wont qualify for the offer if:
You’ve received cashback for switching to us since April 2020".

In the terms: "You're not eligible for the offer if You’ve received a switching offer since April 2020 for switching to a Reward Current Account or Ultimate Reward Current Account."

We'll be testing the blurb 'term' on my OH's account. 

mn92

soulsaver said:

I see they are still short of competence when writing the terms/blurb:

In the marketing blurb: "You wont qualify for the offer if:
You’ve received cashback for switching to us since April 2020".

In the terms: "You're not eligible for the offer if You’ve received a switching offer since April 2020 for switching to a Reward Current Account or Ultimate Reward Current Account."

We'll be testing the blurb 'term' on my OH's account. 

Indeed...all you can do is test it! You may still get it

trickydicky14

I’m struggling to get my head round this, can I switch an external bank account into an existing Reward current account I have and get the reward Or do I need to be a new customer?

PRAISETHESUN

trickydicky14 said:

I’m struggling to get my head round this, can I switch an external bank account into an existing Reward current account I have and get the reward Or do I need to be a new customer?

Yes - you can switch into an existing Reward or Ultimate Reward account. There's no requirement to open a new account like there has been for previous offers.