Halifax has upped its current account switching incentive to £125.
It was previously £75 although it was £100 before that.
To get the cash, new customers need to switch their current account to Halifax using the CASS (Current Account Switching Service) before 31 July 2017.
The £125 switcher bonus is paid into the account before switching completes, within seven working days – that’s pretty quick.
You can’t get the cash if you’ve received another switching incentive from Halifax since January 2012. The deals ends on 31 July 2017.
More free cash · Customers can earn a further £36 a year paid in 12 x £3 monthly payments if they pay in a minimum of £750 a month, pay two direct debits a month, and remain in credit.
· Online and mobile banking customers can also earn cashback with top retailers with Halifax Cashback Extras.
Alternatives This deal is only suitable if you’re keen on switching to Halifax in particular. It’s not a bad account – the minimum pay-in is relatively low and you can earn an extra £36 a year by setting up two direct debits and staying in credit.
There are some higher switching incentives but they all come with strings:
HSBC pays £150 plus £50 if you switch to its Advance account and stay for a year, but you need to pay in £1,750 a month. First Direct pays £100 but you need to pay in £1,000 a month to avoid a £10 fee. M&S pays up to £185 but it’s in the form of an M&S gift card, not cold hard cash.
In short, this is a decent deal if you’re keen on having a Halifax current account or don’t want to jump through too many hoops to get some extra cash.
All comments (149)
iAmLegendFam
20 Jun 171#1
Hot hot hot, doesn't require direct debits.
Does the switch service need to be completed by the 31st July or just started before this date?
senor_eggnogs
20 Jun 172#2
TSB are also doing £150 if anyone is interested. Also from personal experience, Halifax are the hassle free when it comes to switching requirement and getting the promised amount for switching paid.
Voted hot.
HammerTime10
20 Jun 17#3
So for just switching you get £125 without having to deposit every month?
I have a Santander 123 account which i deposit £500 a month and 2 DD's already.
dudwood_fudwood to HammerTime10
20 Jun 17#19
One off payment. Each month would have been very nice!
Mr.No
20 Jun 171#4
Heat added.
I've got a couple of Nationwide FlexDirect accounts that are just about to lose the 5% interest. Perfect timing.
Joy_A
20 Jun 171#5
When it says "deposit" is it referring to your salary coming in or a separate one you make?? Probably being a bit special..
paul106
20 Jun 17#6
Can't remember if I've had a Halifax account in the last 5 years or not? I've switched so many times now I've lost track! :smile:
hellblazer32
20 Jun 17#7
I switched from Natwest to Halifax and before they had moved my direct debits I already had the £100 incentive in my account!
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Opening post
It was previously £75 although it was £100 before that.
To get the cash, new customers need to switch their current account to Halifax using the CASS (Current Account Switching Service) before 31 July 2017.
The £125 switcher bonus is paid into the account before switching completes, within seven working days – that’s pretty quick.
You can’t get the cash if you’ve received another switching incentive from Halifax since January 2012. The deals ends on 31 July 2017.
More free cash
· Customers can earn a further £36 a year paid in 12 x £3 monthly payments if they pay in a minimum of £750 a month, pay two direct debits a month, and remain in credit.
· Online and mobile banking customers can also earn cashback with top retailers with Halifax Cashback Extras.
Alternatives
This deal is only suitable if you’re keen on switching to Halifax in particular. It’s not a bad account – the minimum pay-in is relatively low and you can earn an extra £36 a year by setting up two direct debits and staying in credit.
There are some higher switching incentives but they all come with strings:
HSBC pays £150 plus £50 if you switch to its Advance account and stay for a year, but you need to pay in £1,750 a month.
First Direct pays £100 but you need to pay in £1,000 a month to avoid a £10 fee.
M&S pays up to £185 but it’s in the form of an M&S gift card, not cold hard cash.
In short, this is a decent deal if you’re keen on having a Halifax current account or don’t want to jump through too many hoops to get some extra cash.
All comments (149)
Does the switch service need to be completed by the 31st July or just started before this date?
Voted hot.
I have a Santander 123 account which i deposit £500 a month and 2 DD's already.
I've got a couple of Nationwide FlexDirect accounts that are just about to lose the 5% interest. Perfect timing.