Halifax has restarted their switching offer, usual conditions apply and from experience the cash is paid really quickly
Terms and conditions.
To qualify for the £125 switching offer (“the offer”) you must use the ‘Current Account Switch Service’ and meet the following conditions:
•Use the 'Current Account Switch Service' to switch into a new or existing, Reward Current Account, Ultimate Reward Current Account (£15 monthly fee) or Halifax Current Account ("your account").
•Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank and close this account.
You are not eligible for the offer if:
•you are switching to a Basic Account or a Student Account;
•you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012;
•you are a Bank of Scotland bank account customer switching to Halifax;
•The bank you are switching from does not participate in the Current Account Switch Service. To find out if your bank participates, visit the Payments
Top comments
DazLFC
7 Jun 169#5
maybe they should do more to keep existing customers who have been with them for years rather than offering incentives to new customers who will play the bank hopping game every 6 months
Matty8787 to DazLFC
7 Jun 163#6
or join the hop and don't expect stuff you are not entitled to.
Latest comments (71)
TirolForce165
13 Jun 16#71
Try Tesco and paypal
woldranger
13 Jun 16#70
Which free dd's have you set up?
TirolForce165
13 Jun 16#69
I have multiple Halifax current accounts with zero money in them you don't need cash to credit these accounts with the monthly £750 if you have a overdraft as you can use the overdraft instead with no charges or costs.
The monthly £750 from my overdraft goes in one account for seconds then I transfer It through the other accounts online and then put it back to clear the overdraft in the original account it came from .
This takes seconds/minutes which I do in daytime banking hours before 3pm .
Direct debits can be gotten at no cost as well.
kar999
13 Jun 16#68
I have a rolling standing order between all my accounts so you don't have to have salary paid in. So long as you have £1750 sitting somewhere like your main current account just transfer it in and out back to where it started.
Justsuperman
11 Jun 16#67
Yeah but you have to pay in 1,750 pound a month some people don't have that pay in every month also need 2 DD's
TirolForce165
10 Jun 16#66
Having a overdraft on a current account is obviously going to count or even the ability to procure a overdraft may affect a credit check.
Personal management of credit and debt is up to the individual .
evostick47
10 Jun 16#65
Ok, we'll I'm off to ride my magic unicorn with Elvis. I've no actual proof, you'll just have to believe me. :wink:
deathtrap3000
10 Jun 16#64
I'm not for chasing old articles I've read. Anyway the evidence is my own credit score. Went down after the last account I opened. Might not effect you in the same way. So think what you will.
evostick47
10 Jun 16#63
Well said. I'm still waiting for the credit score evidence from deathtrap3000. I wonder if people just repeat nonsense they've heard without checking the facts? Surely not. :wink:
TirolForce165
9 Jun 161#62
Credit score doom and the doom mongers as with all things banking are rife .
In your life time the banks always win so if you can win a battle or two such as these halifax offers... go for it.
No bank can ever be trusted but taking a few offer freebies with some minor work is a short term customer win.
evostick47
9 Jun 16#61
I'm obviously not asking for your credit score to be posted on a social media website, that's ridiculous. I'm just asking for some evidence that it effects it. If its mentioned in articles could you post a link please? Thanks.
kar999
9 Jun 16#60
Switching banks has never caused any me or the missus any problems with credit rating long term.
Applications will leave a footprint on your credit file but I think the general word of caution is don't go overboard just before applying for something crucial like a mortgage application.
As current accounts provide the best instant access interest rates, between us me and the missus have over a dozen different current accounts.
deathtrap3000
9 Jun 16#59
I could post my credit score before and after opening up a new account, but that's personal, so you just have to take my word for it. Plus some articles about switching providers for the bonus do mention this.
evostick47
9 Jun 16#58
Does it? I always see this comment on these posts, yet I had loads of accounts, claimed loads of rewards and was able to get my mortgage and new phone contracts with no issues at all.
I respectful ask that you provide some proof of your claim please.
Careful about opening too many accounts. It lowers your credit score.
TirolForce165
8 Jun 16#55
Are people running multiple Halifax reward accounts ?
I have 4 reward accounts so pull £20 a month in fivers I,m not sure if a 5th is worth the risk .
Mine were all pre 2012
evostick47
8 Jun 16#54
The switching is very quick, so you can switch a couple of times in one month if your organised. Plus I ran one in my name and my wife did the same. So that's £450ish per month. It does take a bit of effort but I guess it depends how much you want some free money.
TirolForce165
8 Jun 16#53
Arrh I see as a couple its a better outcome well done .
kar999
8 Jun 16#52
Me and the missus each have 2 spare Lloyds Vantage accounts that no longer earn interest from 1 May 16
Swap one to the Coop for £150 and one to HSBC for £200 each and that's £700 easy money for less than half hours form filling.
kar999
8 Jun 16#51
People voting cold on a much better HSBC £200 switch deal.... this site is so random!
A £1000 from offers seems quite a lot how long did that take?
clashpie
8 Jun 16#49
I was trying to imply that my daughter wasn't impressed....nor am I to be honest...hence the reason I am no longer with the Halifax anymore...much happier with my Swiss bank where my millions earn me some decent interest.
In my dreams.
kar999
8 Jun 16#48
Amazing this deal gets 500+ heat and the Coop switch for £25 more @ £150 gets -24 - (It's not expired).
Must be the power of TV advertising with the Flintstones!
loadsavmoney
8 Jun 161#47
hassle + hot weather = maybe another time :stuck_out_tongue:
wildecat
8 Jun 16#46
Of course they do answer the phone.
Since you're not their customer, i doubt they care that your not impressed.
clashpie
8 Jun 16#45
One of my daughters swapped over to the Halifax a while back when this offer was on...she is still waiting for the £125 the Halifax said she would get.
She has been round to the local branch who were about as useful as a chocolate teapot, then told to phone their hotline/customer care number where nobody ever answers she told me!lol
Not impressed.
gooners
8 Jun 16#44
Thanks. I've only recently moved into my current address so assume it's why they want to verify (actual production of documents on their list isn't a problem). Was more whether the switching/£125 was part of the online process or can be completed after account opening
kdatta333
8 Jun 16#43
Its a nice bank I was with till the last month. IT frontend is clean and they don't give you any card reader. You can see the pending transactions till it gets posted finally unlike other banks.Also branches are less crowded when you go in for cash deposit/withdrawal. The 125 is paid on the first day of switching(balance carried forward from old account). Also they pay 5quid each month if you deposit 750 every month for 12 months.
cliosport65
8 Jun 161#42
most banks you can open more than one current account :wink:
cliosport65
8 Jun 16#41
yes of course just switch a current account to you existing one if you have one :wink: did it last time no problem :smiley:
cliosport65
8 Jun 16#40
yes just not bank of Scotland :wink:
cliosport65
8 Jun 16#39
yes they are :wink:
BarrattsMini
8 Jun 16#38
You need to put a certain amount in to the account every month - please correct me but I believe it is £800. This can be the same £800 every month and you can immediately remove it. Eg. You have another bank with HSBC with £800 in. Once a month you move that amount over then the move it straight back. As long as it registers you don't receive the charge - which I believe is £10 a month. If you meet that amount they give you £5.
I signed up recently and I took their holiday insurance, phone insurance and break down cover (from home) for £10 a month. So as long as I meet the above criteria they credit me £5 a month so the 'perks' just listed only cost me £5 every month which is a lot cheaper than standard iPhone 6s insurance and I've already used the breakdown so I'm quids up
woldranger
8 Jun 16#37
Which banks give you the option of multiple current accounts or is it normal?
jrawlins28
8 Jun 16#36
Are there minimum monthly payments required to get the reward?
evostick47
8 Jun 16#35
If you want to stick with your current bank, like I did, just create a new account with them 1st. Then use it to switch. Then once you've moved that to Halifax, claimed you monies, use that to switch to the next incetivised account. You can make hundreds if you're organised. I did it in my name and my wife's. Did Halifax, First Direct, M&S, Yorkshire Bank and another I can't remember. It's really very easy but check carefully what each bank requires to claim the incentive. Good luck.
DazLFC
8 Jun 16#34
This means you have reduced level identification and there is not enough info held electronically for the bank to be happy to say they have fully verified your identity. If you also don't have the required i.d, you may still only qualify for basic facilities
DazLFC
8 Jun 16#33
yes it does effect your credit rating, as multiple searches implies higher risk. General rule of thumb is not to have more than 3 in 6 months or 6 in a year
DazLFC
8 Jun 16#32
in a word, No
DazLFC
8 Jun 16#31
what they don't tell you is that constantly changing your bank account can negatively effect your credit rating...remember every time you do it,especially if its just for the cash, then it leaves a footprint and another search on your file. not worth it. Why should I move?? It's up to the bank to convince you to stay, that's why they employ retention teams
GamerJack95
8 Jun 16#30
So as I am on a basic reward account with Halifax already. Is there a way for me to get this?
ddude05
7 Jun 16#29
Moved to them with the last £125 incentive. So far faultless, very happy. The instant transfer for paying other people is great without the need for a card reader
andreasuk
7 Jun 16#28
It shouldnt they just want to check your documents for some reason.
thanks for confirming the date. im planning to do this a bit later.
andreasuk
7 Jun 16#27
It shouldnt they just want to check your documents for some reason.
andreasuk
7 Jun 16#26
It shouldnt they just want to check your documents for some reason.
andreasuk
7 Jun 161#25
It does affect your credit rating a bit. They dont advise to do it very often.
Wouldnt worry too much if you do it once a year.
gooners
7 Jun 16#24
I've applied online, and while it said accepted it requires me to take verification documents to my local branch. Will this invalidate any option to switch and claim the £125?
Justsuperman
7 Jun 161#23
Thank you
welshbird04
7 Jun 16#22
as long as its a current a/c debit card
regreid
7 Jun 16#21
Taken from their front page :-
Use the Current Account Switch Service to transfer and close your old account held elsewhere. If you’ve had cashback for switching to us since January 2012 we’re sorry but you won’t get it again. Don't delay, offer ends 18th July 2016.
I know its in the offer above, but some peeps don't read it (i.e a friend who has just messaged me to tell me about it :stuck_out_tongue: )
Think i may make use of some of this switching this year, but does it affect your credit rating at all?
play21er
7 Jun 16#18
i have tsb basic cash account with direct debits can this switch.
I also have santander 123 and nationwide account but dont want to switch these as they benefit me.
welshbird04 to play21er
7 Jun 16#20
yes it counts. as long as its a debit card
Justsuperman
7 Jun 16#19
Does an Royal bank of Scotland qualify ????
Csw26
7 Jun 16#14
Does the account you are transferring from have to have direct debits or can you use a spare account that's not in use?
cliosport65 to Csw26
7 Jun 16#17
just transfer to there normal account no DDs and no minimum payment :smiley:
Justsuperman
7 Jun 16#13
Can you do this with there normal current account with no rewards
cliosport65 to Justsuperman
7 Jun 16#16
yes you can :smiley:
zworld
7 Jun 161#12
Question.
I have a Santander Current & Savings account.
If I move my current account, will the savings account close down as well ?
cliosport65 to zworld
7 Jun 161#15
No only the current account will close and the savings account will remain open :smiley:
Hope that helps you .
chuwitz
7 Jun 16#11
Yes the reward current account
evostick47
7 Jun 161#10
You must take advantage of these offers! I made a grand last year with a bit of effort and organising. Well worth it.
trott3r
7 Jun 16#9
Is the account that pays you £5 a month when in credit one of those in this incentive?
calvin22580
7 Jun 16#8
Just switched. Thanks OP. Disappointed with Santander not participating with Android Pay at it's launch. (and they've know about it for over a year)
draeburn78
7 Jun 16#7
Is it every 6 months you can move on?
DazLFC
7 Jun 169#5
maybe they should do more to keep existing customers who have been with them for years rather than offering incentives to new customers who will play the bank hopping game every 6 months
Matty8787 to DazLFC
7 Jun 163#6
or join the hop and don't expect stuff you are not entitled to.
Bubuka83
7 Jun 16#4
did exactly the same :smiley:
winchman
7 Jun 16#3
Reward current account.
vassy201187
7 Jun 162#2
I changed from barclays to the reward account last time this deal came in. Its a free account.
vivi_ssj3
7 Jun 161#1
are any of these accounts free (I'm talking about monthly charges etc.) ?
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Opening post
Terms and conditions.
To qualify for the £125 switching offer (“the offer”) you must use the ‘Current Account Switch Service’ and meet the following conditions:
•Use the 'Current Account Switch Service' to switch into a new or existing, Reward Current Account, Ultimate Reward Current Account (£15 monthly fee) or Halifax Current Account ("your account").
•Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank and close this account.
You are not eligible for the offer if:
•you are switching to a Basic Account or a Student Account;
•you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012;
•you are a Bank of Scotland bank account customer switching to Halifax;
•The bank you are switching from does not participate in the Current Account Switch Service. To find out if your bank participates, visit the Payments
Top comments
Latest comments (71)
The monthly £750 from my overdraft goes in one account for seconds then I transfer It through the other accounts online and then put it back to clear the overdraft in the original account it came from .
This takes seconds/minutes which I do in daytime banking hours before 3pm .
Direct debits can be gotten at no cost as well.
Personal management of credit and debt is up to the individual .
In your life time the banks always win so if you can win a battle or two such as these halifax offers... go for it.
No bank can ever be trusted but taking a few offer freebies with some minor work is a short term customer win.
Applications will leave a footprint on your credit file but I think the general word of caution is don't go overboard just before applying for something crucial like a mortgage application.
As current accounts provide the best instant access interest rates, between us me and the missus have over a dozen different current accounts.
I respectful ask that you provide some proof of your claim please.
I have 4 reward accounts so pull £20 a month in fivers I,m not sure if a 5th is worth the risk .
Mine were all pre 2012
Swap one to the Coop for £150 and one to HSBC for £200 each and that's £700 easy money for less than half hours form filling.
http://www.hotukdeals.com/deals/free-200-bank-switch-150-upfront-50-stay-hsbc-new-customers-2460582
In my dreams.
http://www.hotukdeals.com/deals/150-cashback-from-coop-bank-possible-50-40-tcb-also-2442057?p=28109113#post28171701
Must be the power of TV advertising with the Flintstones!
Since you're not their customer, i doubt they care that your not impressed.
She has been round to the local branch who were about as useful as a chocolate teapot, then told to phone their hotline/customer care number where nobody ever answers she told me!lol
Not impressed.
I signed up recently and I took their holiday insurance, phone insurance and break down cover (from home) for £10 a month. So as long as I meet the above criteria they credit me £5 a month so the 'perks' just listed only cost me £5 every month which is a lot cheaper than standard iPhone 6s insurance and I've already used the breakdown so I'm quids up
thanks for confirming the date. im planning to do this a bit later.
Wouldnt worry too much if you do it once a year.
Use the Current Account Switch Service to transfer and close your old account held elsewhere. If you’ve had cashback for switching to us since January 2012 we’re sorry but you won’t get it again. Don't delay, offer ends 18th July 2016.
I know its in the offer above, but some peeps don't read it (i.e a friend who has just messaged me to tell me about it :stuck_out_tongue: )
Think i may make use of some of this switching this year, but does it affect your credit rating at all?
I also have santander 123 and nationwide account but dont want to switch these as they benefit me.
I have a Santander Current & Savings account.
If I move my current account, will the savings account close down as well ?
Hope that helps you .