New £175 bonus for switching to Halifax Reward (29 Nov 2022)

pfpf

peoples experience!
are Halifax on the ball regarding dates of a previous incentive? i know some banks are better than others at this.

Alex9384

creditmanessex said:

If you have multiple accounts could you get multiple rewards?

No. But you can get another one usually after a couple years.

Edit: I meant switch bonuses. If you mean monthly rewards, then yes, you can. I have 3x Halifax Reward and getting monthly reward on each of them.

StevenGude

I want to set a new account up with another bank to br able to switch to Halifax and take advantage of this
How long do you usually have to have account open before you can switch?

Peony2016

Does the £1500 payment into the account have to come from a different bank? I opened the account on the 29th November, selected my reward offer (£5 cash) and then transferred £5000 into the reward account from my standard Halifax current account. The tracker is saying ‘As of 29 November 2022, you've paid £0.00 into your account. You need to pay in at least £1500.00 more this month.
You’ve kept your balance at or above £5000 each day this month so far.’

superM

I have received switching incentive sometime ago but I cannot remember. when. The account already been switched to another bank sometime ago. 

Band7

Peony2016 said:

Does the £1500 payment into the account have to come from a different bank? ’

No it doesn’t.

soulsaver

Peony2016 said:

Does the £1500 payment into the account have to come from a different bank? I opened the account on the 29th November, selected my reward offer (£5 cash) and then transferred £5000 into the reward account from my standard Halifax current account. The tracker is saying ‘As of 29 November 2022, you've paid £0.00 into your account. You need to pay in at least £1500.00 more this month.
You’ve kept your balance at or above £5000 each day this month so far.’

Re the effective date in the tracker - it's not 'real time' if it's before your deposit transaction clears, it won't have updated yet.

You've tied up £5k to get £60 pa? An effective rate of 1.2% (1.5% taxed on interest)?

You can get 3% in easy access accounts and 3 times it on £5k with hoops..
See my signature for link to options

Peony2016

soulsaver said:

Peony2016 said:

Does the £1500 payment into the account have to come from a different bank? I opened the account on the 29th November, selected my reward offer (£5 cash) and then transferred £5000 into the reward account from my standard Halifax current account. The tracker is saying ‘As of 29 November 2022, you've paid £0.00 into your account. You need to pay in at least £1500.00 more this month.
You’ve kept your balance at or above £5000 each day this month so far.’

Re the effective date in the tracker - it's not 'real time' if it's before your deposit transaction clears, it won't have updated yet.

You've tied up £5k to get £60 pa? An effective rate of 1.2% (1.5% taxed on interest)?

You can get 3% in easy access accounts and 3 times it on £5k with hoops..
See my signature for link to options

I only opened the account to get the switch offer. Not really fussed about the £5 reward so the £5000 is straight back into my savings account. Will be closing the account as soon as I get the switch incentive

TheKDs

I've found it easy to open multiple current accounts in Lloyds. Literally, two clicks and it's done in a couple of hours. I haven't found this with Nationwide or Natwest - like do I have to start a whole new application process to open a second account? Are there any other banks that make it easy like Lloyds? I've switched from the dummy twice now with Lloyds but certainly want to keep my Lloyds. 

TheKDs

Peony2016 said:

soulsaver said:

Peony2016 said:

Does the £1500 payment into the account have to come from a different bank? I opened the account on the 29th November, selected my reward offer (£5 cash) and then transferred £5000 into the reward account from my standard Halifax current account. The tracker is saying ‘As of 29 November 2022, you've paid £0.00 into your account. You need to pay in at least £1500.00 more this month.
You’ve kept your balance at or above £5000 each day this month so far.’

Re the effective date in the tracker - it's not 'real time' if it's before your deposit transaction clears, it won't have updated yet.

You've tied up £5k to get £60 pa? An effective rate of 1.2% (1.5% taxed on interest)?

You can get 3% in easy access accounts and 3 times it on £5k with hoops..
See my signature for link to options

I only opened the account to get the switch offer. Not really fussed about the £5 reward so the £5000 is straight back into my savings account. Will be closing the account as soon as I get the switch incentive

@Peony2016 when will the amount be paid in, do you know?