Halifax to vanish?

redux

https://forums.moneysavingexpert.com/discussion/comment/82010190#Comment_82010190

Well, at the moment accounts of the same type have different names

If we gradually forget which of those is which, the sort codes may help, as they still start with 11 or 30 or 77 or 80. They might start new accounts in other branches though

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82010177#Comment_82010177

If they aren’t claimed after six odd years these sorts of things are usually forfeited. Abbey National acquired it in 1996 so I’d assume it’s gone.

Maegi

https://forums.moneysavingexpert.com/discussion/comment/82010190#Comment_82010190

What a load of rubbish...Lloyds used to do exactly that setup in pre-LBG days. They had LloydsTSB Bank and LloydsTSB Scotland; both used the LloydTSB brand but each had separate FSCS protection.

They can simply require new customers to open accounts with either Lloyds or BOS. Existing customers would retain the same protection they have now.

Once the dust settles, they will probably use Part VII of the Financial Services and Markets Act 2000 to transfer them en-masse from BOS to Lloyds.

King_Of_Fools

I would expect the rebranding (with separate banking licences) to be a temporary arrangement.

The fact that no new Halifax accounts could be opened will slowly start to have an effect on the numbers of Halifax accounts when people come to renew them.

But I would expect they will start migrations at some point. They could do it on a branch-by-branch basis - when they close down the Halifax branch they could migrate people to their nearest Lloyds branch and migrate all the accounts with that sort code at that point in time.

GTR_King

that could work let’s see what happens

ranciduk

do people think that if ‘Halifax’ disappears, Halifax customers will still be able to access their accounts via their Halifax apps/login details? Obviously it would be renamed Lloyds instead

or will people have to delete it and download Lloyds banking app instead and setup new login details/passwords etc

Rob5342

https://forums.moneysavingexpert.com/discussion/comment/82036078#Comment_82036078

I'd imagine they'd just let you use the Lloyds app instead with the same login details, they may even arrange it so that the Halifax app automatically gets replaced with the Lloyds app. They are virtually identical anyway, just setup with a different colour scheme and name.

ranciduk

that’s true

They are very similar

surely it would be silly to force millions of Halifax customers to setup brand new online banking login details

GTR_King

we haven’t heard anything yet it might not happen watch this space

ranciduk

true

But if there was absolutely nothing in it - I think they would have made a denial

they didn’t