Halifax Reward changes from November 1 2022 2 August 2022 at 11:20AM in Budgeting & bank accounts 79 replies 8.5K views

PRAISETHESUN

k_man said:

soulsaver said:

AFAICS you can only get 5 Reward Extras between 2 peeps Is that right - 2 each plus a joint?

An individual can have 3 x Reward accounts (so 3 x Reward Extras), so it would be at least 6. Not sure if you can also have an additional shared/joint one.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

As per page 38, you are allowed "up to 3 in either your sole name or in joint names". To maximise the rewards as a couple, it would be best to each have 3 accounts in sole names (for 6 total) rather than tying up any of them as joint accounts.

WillPS

PRAISETHESUN said:

k_man said:

soulsaver said:

AFAICS you can only get 5 Reward Extras between 2 peeps Is that right - 2 each plus a joint?

An individual can have 3 x Reward accounts (so 3 x Reward Extras), so it would be at least 6. Not sure if you can also have an additional shared/joint one.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

As per page 38, you are allowed "up to 3 in either your sole name or in joint names". To maximise the rewards as a couple, it would be best to each have 3 accounts in sole names (for 6 total) rather than tying up any of them as joint accounts.

Agreed. My fiancee and I each hold 3 Reward sole accounts and 1 shared Ultimate Reward. If Ultimate Reward doesn't work for you I'd get that account changed to a normal Current Account.

soulsaver

PRAISETHESUN said:

k_man said:

soulsaver said:

AFAICS you can only get 5 Reward Extras between 2 peeps Is that right - 2 each plus a joint?

An individual can have 3 x Reward accounts (so 3 x Reward Extras), so it would be at least 6. Not sure if you can also have an additional shared/joint one.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

As per page 38, you are allowed "up to 3 in either your sole name or in joint names". To maximise the rewards as a couple, it would be best to each have 3 accounts in sole names (for 6 total) rather than tying up any of them as joint accounts.

Yes I feared as much: Ah well here's a PITA: OH has 2 and (my) joint. As the joint already exists, she can't get a 3rd solo. Shame. I know what you're gonna say - but I can't

WillPS

soulsaver said:

PRAISETHESUN said:

k_man said:

soulsaver said:

AFAICS you can only get 5 Reward Extras between 2 peeps Is that right - 2 each plus a joint?

An individual can have 3 x Reward accounts (so 3 x Reward Extras), so it would be at least 6. Not sure if you can also have an additional shared/joint one.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

As per page 38, you are allowed "up to 3 in either your sole name or in joint names". To maximise the rewards as a couple, it would be best to each have 3 accounts in sole names (for 6 total) rather than tying up any of them as joint accounts.

Yes I feared as much: Ah well here's a PITA: OH has 2 and (my) joint. As the joint already exists, she can't get a 3rd solo. Shame. I know what you're gonna say - but I can't

Why not change the joint account in to a standard 'Current Account'? That would then free you both up to open a sole Reward Account.

RudolphHucker

Bridlington1 said:

The advantage is that you can pay £500 into a savings account by debit card and that will count as the £500 spent to get the £5.

Which savings accounts allow you to pay in using a debit card? My Nationwide account doesn't.

Bridlington1

RudolphHucker said:

Bridlington1 said:

The advantage is that you can pay £500 into a savings account by debit card and that will count as the £500 spent to get the £5.

Which savings accounts allow you to pay in using a debit card? My Natiowide account doesn't.

YBS, NS&I and Cambridge BS all allow debit card deposits. There will be others but I can't think of any more off the top of my head.

Ghostcrawler

plus Skipton

soulsaver

WillPS said:

soulsaver said:

PRAISETHESUN said:

k_man said:

soulsaver said:

AFAICS you can only get 5 Reward Extras between 2 peeps Is that right - 2 each plus a joint?

An individual can have 3 x Reward accounts (so 3 x Reward Extras), so it would be at least 6. Not sure if you can also have an additional shared/joint one.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

As per page 38, you are allowed "up to 3 in either your sole name or in joint names". To maximise the rewards as a couple, it would be best to each have 3 accounts in sole names (for 6 total) rather than tying up any of them as joint accounts.

Yes I feared as much: Ah well here's a PITA: OH has 2 and (my) joint. As the joint already exists, she can't get a 3rd solo. Shame. I know what you're gonna say - but I can't

Why not change the joint account in to a standard 'Current Account'? That would then free you both up to open a sole Reward Account.

See bold.

badger09

RudolphHucker said:

Bridlington1 said:

The advantage is that you can pay £500 into a savings account by debit card and that will count as the £500 spent to get the £5.

Which savings accounts allow you to pay in using a debit card? My Nationwide account doesn't.

And Ecology BS

WillPS

soulsaver said:

WillPS said:

soulsaver said:

PRAISETHESUN said:

k_man said:

soulsaver said:

AFAICS you can only get 5 Reward Extras between 2 peeps Is that right - 2 each plus a joint?

An individual can have 3 x Reward accounts (so 3 x Reward Extras), so it would be at least 6. Not sure if you can also have an additional shared/joint one.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

As per page 38, you are allowed "up to 3 in either your sole name or in joint names". To maximise the rewards as a couple, it would be best to each have 3 accounts in sole names (for 6 total) rather than tying up any of them as joint accounts.

Yes I feared as much: Ah well here's a PITA: OH has 2 and (my) joint. As the joint already exists, she can't get a 3rd solo. Shame. I know what you're gonna say - but I can't

Why not change the joint account in to a standard 'Current Account'? That would then free you both up to open a sole Reward Account.

See bold.

  why not?