LLoyds/Halifax ISA Cashback Offer question

Yorkshire_Pud

I spoke to someone at Halifax, four in fact the final one more clued up read out some blurb clearly stating as long as customer initiates a transfer of more than £25K before the 31st May it will qualify for the cashback. I’ve got a record of time of call and also screen grabbed the terms that are most beneficial to me in case of dispute, not the ones that aren’t. They will pay me I believe. One way or another. Transfer pending for 2nd June when existing isa matures.

jungleboy123

https://forums.moneysavingexpert.com/discussion/comment/82010420#Comment_82010420

did you go ahead? I think it would be helpful to report back in Sep (or before if they can confirm cashback eligibility has been met after the transfer).

sdm1985

https://forums.moneysavingexpert.com/discussion/comment/82010397#Comment_82010397

Did you take up the offer?

bagand96

https://forums.moneysavingexpert.com/discussion/comment/82010391#Comment_82010391

I transferred from Chip last week, even though my Chip intro offer didn't run out until June 10th I thought it was worth locking in the Lloyds offer.

• Lloyds ISA opened: Weds 20th
• Transfer Chip - Lloyds initiated straight after opening: Weds 20th
• Funds transferred into Lloyds ISA: Friday 22nd

So there may still be time to get a transfer completed before 31st, might not be the same for everyone but mine was seemless.

jungleboy123

https://forums.moneysavingexpert.com/discussion/comment/82011022#Comment_82011022

yes, i took the risk. Whether they will pay out is another thing though… Its a gamble because there are better headline offers from other banks, but my fix has run out so i need to move ASAP otherwise im losing interest against inflation.

sdm1985

https://forums.moneysavingexpert.com/discussion/comment/82011401#Comment_82011401

I see, but the cashback was the dealbreaker for you? I can’t see how they would not pay out, it’s all traced and will just up in the FO’s inbox if they don’t honour the offer.

sdm1985

https://forums.moneysavingexpert.com/discussion/comment/82011148#Comment_82011148

Wow! That’s good. I’m still on the fence with this, the cashback offer is very attractive..

Yorkshire_Pud

https://forums.moneysavingexpert.com/discussion/comment/82010798#Comment_82010798

Yes it’s all set for transfer 2nd June. I will report back.

jungleboy123

https://forums.moneysavingexpert.com/discussion/comment/82011472#Comment_82011472

The cashback is a bonus. I just didnt realise how much of a nightmare it is - i still haven't yet received an email confirmation that i have requested an isa transfer in, though they said they have the details by phone…. Now its not just that it wont complete by 31 May but that i am taking their word on the phone that the request has been made/received.

gwapenut

https://forums.moneysavingexpert.com/discussion/comment/82009383#Comment_82009383

I have a fixed rate ISA maturing in early July.

What do you reckon, if I put the transfer in by the end of May and tick the box to say I want to wait until maturity and not pay any penalties, will this qualify too or is there a manual pausing and reubmission of the ISA transfer after the deadline?