Halifax - £100 swap question

Belloni · 10 May 2013 at 19:44

Hello,

About the above, do you know how long it will take get the £100? I fancy getting this 'free' £100 offer from them!

unwashed potato! · 10 May 2013 at 19:50

me too

Chasser · 10 May 2013 at 19:51

Straight away, as a cash transfer once the account is live. The account attracts a £15 a month fee, so they will get their £100 quid back before the year is out....................

brightside229 · 10 May 2013 at 19:51

If you mean moving your current account to hallifax, and 100£ reward for doing so, i believe mine was in my account as soon as it was fully set up, and then i get £5 every month i pay in £1k.

UnworthyBean · 10 May 2013 at 19:52

Chasser said:
Straight away, as a cash transfer once the account is live. The account attracts a £15 a month fee, so they will get their £100 quid back before the year is out....................

Its for the free account too, So is infact a free £100.

Also, I thought you had to have two direct debits coming out of it?

Belloni · 10 May 2013 at 19:54

Chasser said:
Straight away, as a cash transfer once the account is live. The account attracts a £15 a month fee, so they will get their £100 quid back before the year is out....................

The account is free?

I'm guessing you can't just transfer all over, get the £100 then go back to my normal HSBC account?

Chasser · 10 May 2013 at 20:07

Yep, 2 of the three accounts available are free. With one, you have to pay at least £750 in per month, pay out two different direct debits and stay in credit, they will then gift you a fiver per month. Not bad

Freddie1980 · 10 May 2013 at 20:11

I would say if you have lots of direct debits such as a mortgage be very careful with these switching services. I moved to this halifax account and they promised to take care of everything. What load of bull, I ended up missing one of mortgage payments and my payment to npower. To say the least I wasn't impressed.

Belloni · 10 May 2013 at 20:13

Well, all I have are 2 direct debits in my name!

Just to clarify, is there nothing stopping me switching over for a month to get the free £100, then just switching back to HSBC?

apeksdiver · 10 May 2013 at 20:17

Check the terms and conditions I would have thought there was a minimum term of a year on it

unwashed potato! · 10 May 2013 at 20:31

edit: silly me

Belloni · 10 May 2013 at 20:49

I'll do this that weekend then

slipd · 23 Apr 2015 at 10:39

Has anyone looked at the newish offer from them, it's £125 now and £5 a month (providing you meet some criteria), and no monthly fee...

http://www.halifax.co.uk/bankaccounts/current-accounts/reward-current-account/

What's the catch?

Akagi · 23 Apr 2015 at 10:46

Might do this then. Have needed to switch my Natwest account for a while.

slipd · 23 Apr 2015 at 10:48

Acme said:
Might do this then. Have needed to switch my Natwest account for a while.

Think I've found the catch...

...the account will cost you £10 a month, just for the privilege. Sod that.

Akagi · 23 Apr 2015 at 10:54

slipd said:
Think I've found the catch...

...the account will cost you £10 a month, just for the privilege. Sod that.

I thought that was just for the "Ultimate" one?

brightside229 · 23 Apr 2015 at 11:35

i switched a few years back from santander when the offer first came to light, i got my £100 as soon as the account was live, and they give me £5 free every single month, seems crazy how they can afford to do it! it costs me no monthly fee whats so ever, i had to personally sort a few direct debits out though that they messed up.

GreatAuk · 23 Apr 2015 at 11:44

I switched an account to Halifax in the summer and got the £100 pretty soon afterwards I think. And certainly on my account there is no monthly charge for the account (only a £5 'bonus' if £750 a month goes through it), and there was no minimum cash requirement to get the £100.

Also it was an old account that I switched, so didn't have to bother about swapping and dds over or anything. Basically free money!

matthab · 23 Apr 2015 at 12:09

slipd said:
Think I've found the catch...

...the account will cost you £10 a month, just for the privilege. Sod that.

Im on the ultimate one and so far its a good deal. Its includes breakdown, phone cover, emergency home cover and travel cover.

Find me all that separately for less than £10 a month?

slipd · 23 Apr 2015 at 12:36

Acme said:
I thought that was just for the "Ultimate" one?

I stand corrected