New £175 bonus for switching to Halifax Reward (29 Nov 2022) 29 November 2022 at 1:54PM edited 29 November 2022 at 2:22PM in Budgeting & bank accounts 107 replies 8.1K views

Alex9384

Link here:  https://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account.html

Frequently asked questions:

When will I receive the £175? The offer will be paid directly into your account within 10 working days of you starting your switch and will appear as a cash credit.

As an existing Halifax customer can I qualify for the £175 offer? Yes, as long as you haven’t received cashback from us since April 2020 and you complete your switch using the Current Account Switch Service to switch a bank account held elsewhere.

Do I need to open a new account if I already have a Halifax bank account? No, as long as you are switching into one of the qualifying accounts named in the terms and conditions.

Can I change my existing account to one of the qualifying accounts and still receive the offer? Yes, as long as you change the account before you start the switch, you can do this by signing in to Online Banking or using the Mobile Banking app.

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 the 19th December 2022, you can complete your switch at a later date through Online banking or on our mobile app.

Unfortunately not for me as I had £125 in November 2021.

Zanderman

Full T&C for info:

• £175 switching offer terms & conditions

  To qualify for the £175 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 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
    
  • 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 29/11/2022 and the 19/12/2022.
    

   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 29/11/2022 and the 19/12/2022. 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: Halifax UK | Bank Accounts | Overdraft Fee Calculator | Understand new fees
  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.

Katiehound

short memory here- my £125 incentive was April '22! thought it was much longer ago than that......

creditmanessex

So if I have a reward account I can open an ultimate reward and get £175? I wonder if they will credit check?

Zanderman

creditmanessex said:

So if I have a reward account I can open an ultimate reward and get £175? I wonder if they will credit check?

You can switch - an account elsewhere -  into your existing reward account, no need to open another, ultimate or not.

(you can't switch your reward to ultimate reward though, as that's not switching).

creditmanessex

So if I switch an account into my existing reward account that's enough to get the bonus? If so how do I do that?

Zanderman

creditmanessex said:

So if I switch an account into my existing reward account that's enough to get the bonus? If so how do I do that?

Read the terms and then follow the instructions on the Halifax website - https://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account.html - scroll to Switching to Halifax, click on it to expand it, follow the instructions for Day One, which will start by asking you to login. You'll need the details of the account you're switching. 

creditmanessex

If you already have a rewards account how to you comply with the top bullet:

To qualify for the £175 switching offer you must:

• Switch into a Reward Current account or Ultimate Reward Current account
• Use the Current Account Switch Service to transfer and close your existing current account held elsewhere

WillPS

August 2020 for me maybe next time

Zanderman

creditmanessex said:

If you already have a rewards account how to you comply with the top bullet:

To qualify for the £175 switching offer you must:

• Switch into a Reward Current account or Ultimate Reward Current account
• Use the Current Account Switch Service to transfer and close your existing current account held elsewhere

Not sure I understand your question. The top bullet does not require a new account. 

The incentive is for switching in an account to a new or existing reward/ultimate reward account. It is clear in the terms that existing customers with a reward account are eligible.  All you have to do is switch an account elsewhere in. You don't need a new account to do a switch. 

Read the instructions on the Halifax page (see my previous post!).

AlwaysLearnin

creditmanessex said:

If you already have a rewards account how to you comply with the top bullet:

To qualify for the £175 switching offer you must:

• Switch into a Reward Current account or Ultimate Reward Current account
• Use the Current Account Switch Service to transfer and close your existing current account held elsewhere

By switching in to your Rewards Current account....?