Halifax Reward Slow Updates

Nick_C

I was worried yesterday when my rewards didn't credit, but I'm greatly reassured to know it's everyone and not just me.  I'm sure they will appear eventually.  Thanks to everyone else who posted. 

simonsmithsays

Three more accounts here missing the £5.

WillPS

poshrule_uk said:

WillPS said:

poshrule_uk said:

Stargunner said:

poshrule_uk said:

I haven't had this month's payment yet and neither has my wife.

Probably because they don’t always pay it on the 12th. Some months it gets paid on the 13th.

In 7-8 years I have always had it on the 12th unless that day fell on a weekend 

Sorry, not possible. The current scheme has been running less than 5 years. The previous scheme paid out by the second working day of each month (usually the first, but not always).

12th is the most common payment date but there have been random occasions mine has arrived much later in the month than that, and a few times not at all (despite having an active reward and fulfilling criteria).

Well I'm not lying and I'm not disputing your version of events either. Both can be true.

And in regards to how long I have been getting the reward I was just guessing but you are right I just checked and I started sometime in 2020

Sure. This does appear to be the first time in 5 years that everyone's reward has been delayed. Somebody posted to say their cinema tickets dropped - from memory they normally arrive a day or two before fivers, so it appears it's all just a bit behind.

It's free money at the end of the day. They could have done a bit better communicating it is a bit delayed, but that's a minor whinge. 

The_Green_Hornet

I messaged Halifax. They are aware of the delay and said that the reward should be received by tomorrow.

BlueonBlue

"It's free money at the end of the day.!

My backside its free.... no bank has ever done anything for free and never will.
You can play the banks game of offers but over "your lifetime" the bank will take/make and so get its share .

Hattie627

2 X £5 reward payments now in my Halifax Reward accounts

simonsmithsays

Hattie627 said:

2 X £5 reward payments now in my Halifax Reward accounts

Here too

Thanks for the updates and the OP for the thread

myth123

All 3 of my fivers landed at some point this evening 

WillPS

BlueonBlue said:

"It's free money at the end of the day.!

My backside its free.... no bank has ever done anything for free and never will.
You can play the banks game of offers but over "your lifetime" the bank will take and get its share .

... so how much are you paying for it then? 

Obviously the bank are offering it with the intention of making money somewhere, but my reckoning they will make nothing from £1500 being transferred in and £1000 back out. They will possibly receive some commission from Visa for the interchange on the £500 debit card transaction, but unless you do it outside the UK the amount of interchange revenue is capped at 0.2%; in other words Visa and Halifax get £1 worth of interchange revenue to split amongst themselves.

£1 is significantly less than £5, so it follows that if this is all you do (and it's all Halifax ask you do) then Halifax will 'lose' at least £4. 

Anything you do over and above this is your choice. 

kaysdee

My reward notification just popped up on my phone while reading this!