Halifax Scrapping £5/Cinema ticket Rewards.

WillPS

ThePirates said:

Do we need to circulate £1500 through the accounts in October? I thought we were finished now?

Depends if you're cool with paying the £3 account fee. I suspect if you downgrade before November it will not be charged, but on the other hand why risk it  

pecunianonolet

A Halifax rewards current account gives you £100 interest free overdraft, if you downgrade to a normal current account this option is not available. On 3 rewards accounts that's £300 you could put at zero cost into a savings account to earn interest. £13.50 gain over a full year at 4.5%

orange-juice

If you downgrade to a regular account, do your bank details (account no/sort code) stay the same?

Doc_N

orange-juice said:

If you downgrade to a regular account, do your bank details (account no/sort code) stay the same?

Yes. They remain the same.

Hattie627

My bet is the money for the Rewards buy-out will arrive in our accounts around midday on 31 October. It will help to sweeten Halloween.

danny13579

Hattie627 said:

My bet is the money for the Rewards buy-out will arrive in our accounts around midday on 31 October. It will help to sweeten Halloween.

I like your optimism.

I think you are right that they'll probably pay them on 31st October, but for the reason that people who haven't funnelled the £1,500 through their reward account(s) for October, who are planning on downgrading their account(s) after they get their remaining payments, can be charged a £3 fee in November. Yes, I'm a cynic.

So might be a good idea for folks who are planning on downgrading to funnel through the £1,500 for October to avoid this happening.

E_zroda

danny13579 said:

Hattie627 said:

My bet is the money for the Rewards buy-out will arrive in our accounts around midday on 31 October. It will help to sweeten Halloween.

I like your optimism.

I think you are right that they'll probably pay them on 31st October, but for the reason that people who haven't funnelled the £1,500 through their reward account(s) for October, who are planning on downgrading their account(s) after they get their remaining payments, can be charged a £3 fee in November. Yes, I'm a cynic.

So might be a good idea for folks who are planning on downgrading to funnel through the £1,500 for October to avoid this happening.

So, a trick rather than treat?

Vortigern

Hattie627 said:

My bet is the money for the Rewards buy-out will arrive in our accounts around midday on 31 October. It will help to sweeten Halloween.

My guess would be close of business on 31 October, and possibly not visible till the next working day - 3 November

ThePirates

Cycled my £1500 just in case

MACKEM99

ThePirates said:

Cycled my £1500 just in case

I did that as well "belt and braces"