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Terms and Conditions of Halifax High Interest Current Account

Hi,

would anyone be able to point me in the direction of the full terms and conditions of the halifax high interest current account?

I would like to check if there is any clarification of "paying in £1000 per month", i.e. is there a requirement that this is a BACS salary payment.

Thanks for your help

Comments

  • johnmoney05
    johnmoney05 Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    For that what I know, I have this account two years already.

    I think you can deposit any way in total of £1000. Cash, cheque, bank transfer...in fact, you can transfer between other Halifax account back and forth to make up the total of £1000.

    It is best with the Money back current account at the same time as well. So you can move money into Money back current account when you need shopping. Just use the High Interest account as saving account.
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    pmchapman wrote: »
    i.e. is there a requirement that this is a BACS salary payment.

    No ... just a requirement to credit £1k monthly. I credit my Mum's by moving £1k out of it, by SO, into a Halifax Websaver .... then SO it back again the following day. Prior to that it was a similar mechanism but via a Liquid Gold account ..... and one of the Halifax staff had organised that for her.
    If you want to test the depth of the water .........don't use both feet !
  • pmchapman
    pmchapman Posts: 13 Forumite
    Thank you both for your help with that.
  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    As has been said above, the Halifax HI current account is very flexible on where the money can come from.

    The current account terms & conditions can be seen at :
    http://www.halifax.co.uk/HelpCentre/pdf/1_336608-3.pdf
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    It is best with the Money back current account at the same time as well. So you can move money into Money back current account when you need shopping. Just use the High Interest account as saving account.

    The Halifax website has a page where it states that the moneyback current account is no longer available to new customers. :(

    http://www.halifax.co.uk/bankaccounts/importantinfo.asp#Halifax_moneyback_Current_Account
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

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