Halifax Reward Current Account - now get £50 + £5PM! - HotUKDeals
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Just had letter from Halifax saying that if you switch to Halifax Reward Current Account, credit it with £100, and switch your debits from a non-Halifax bank you will get £50 and fee-free overdraft for 120 days, in addition to the existing £5 you already get for every month you make a £1000 payment to the account.

£50 paid to your account within 6 weeks of switching team receiving your completed instruction form and you paying £100 into the account, whichever is later.

£5 per month paid on first of month following your £1000 payment (the gross payment is £6.25, but Halifax refuse to pay it even if you are non-taxpayer and send them form R85!).

Quote reference HXAC50LET to get this deal. You can also call into a branch or phone 08457 20 30 40. Cannot see it advertised online!

I have found it easy to switch bank accounts and made money at this, but if you try it, please check the T&C and time limits carefully!
More From halifax bank:

All Comments

(18) Jump to unreadPost a comment
Comments/page:
#1
They charge you a fortune for going overdrawn.
#2
This account cost £12.50 per months (£150 per year !!!).

I have NEVER paid for a current account and if my bank would start charging, I'd go cash only.
#3
First Direct will give you £100 up front (as good as 5 months of Halifax) and a £250 overdraft - possibly better if Halifax's O/D fees worry you. They do charge a monthly fee if it isn't your main account AND it's the only product you have from them (but then you're not gonna get the cash form either deal in that case) but it's easily avoided by opening a savings account and putting £1 in it. My personal account has been with them for years and their service is great, main/joint account is with Smile who are also great but no cash incentives to join them just now!

First Direct will also give you another £100 if you leave within 6 months (so £200 to transfer your bank account twice) - no other bank has ever offered to pay me to leave!
#4
inicholson
First Direct will give you £100 up front (as good as 5 months of Halifax) and a £250 overdraft - possibly better if Halifax's O/D fees worry you. They do charge a monthly fee if it isn't your main account AND it's the only product you have from them (but then you're not gonna get the cash form either deal in that case) but it's easily avoided by opening a savings account and putting £1 in it. My personal account has been with them for years and their service is great, main/joint account is with Smile who are also great but no cash incentives to join them just now!

First Direct will also give you another £100 if you leave within 6 months (so £200 to transfer your bank account twice) - no other bank has ever offered to pay me to leave!


First Direct is awful. I cancelled my account.
#5
pet2000
First Direct is awful. I cancelled my account.


And got £100 for doing so? ;-)
#6
pet2000
First Direct is awful. I cancelled my account.


Really?

Been with them for 8 years and not had a single problem.
#7
pet2000
This account cost £12.50 per months (£150 per year !!!).

I have NEVER paid for a current account and if my bank would start charging, I'd go cash only.


I agree with you but this account does not have a charge... It's the Ultimate Reward Current Account that has the £12.50 charge.
[Moderator]#8
Theres no charge for this account... it its free
But theres better current accounts out there atm
#9
bigflump
Theres no charge for this account... it its free
But theres better current accounts out there atm


such as?

for people who never go overdrawn this account is a good deal when you consider the current 0.5% interest rate
[Moderator]#10
Lloyds are giving 4% pa on current accounts with 5k in, equivalent to £200 a year
#11
pet2000
First Direct is awful. I cancelled my account.


First Direct is quite brilliant. Excellent customer service ratings in all independent surveys and I personally love them after being with Barclays and HSBC for far too many years and finding both overseas call centres were getting worse and worse. FD is part of the HSBC group, but the difference is startling - I like it that I call up and speak to a knowledgeable person in the UK who answers the phone within 2 rings. FD current account, offset mortgage and general customer service is superb.
All I can conclude is that Pet2000 does not really have a clue about First Direct and has thrown in a random negative comment. Shame.
#12
mrcoxexcel
First Direct is quite brilliant. Excellent customer service ratings in all independent surveys and I personally love them after being with Barclays and HSBC for far too many years and finding both overseas call centres were getting worse and worse. FD is part of the HSBC group, but the difference is startling - I like it that I call up and speak to a knowledgeable person in the UK who answers the phone within 2 rings. FD current account, offset mortgage and general customer service is superb.
All I can conclude is that Pet2000 does not really have a clue about First Direct and has thrown in a random negative comment. Shame.


Just because most people (myself included - I've been with them for 17 years since I felt out with RBS) like them doesn't mean Pet2000 hasn't had a bad experience.

However surveys do show consistently show 1st Direct and Smile as being the highest rated banks and that reflects my own experience. I've also also held accounts with RBS, NatWest, Leeds, Halifax, HBOS, Northern Rock - all of which I got rid of after various bad experiences. I still have my mortgage with Britannia but long since got rid of their terrible buildings insurance. Anybody got any recommendations for truly awful banks I haven't tried yet?
#13
inicholson
Just because most people (myself included - I've been with them for 17 years since I felt out with RBS) like them doesn't mean Pet2000 hasn't had a bad experience.


True - but if you read his comments he fails to explain his "awful" experience with FD - using a word like this suggests the need for an explanation. As you posted, he would have had £100 for joining and then an additional £100 for leaving. I would conclude, from his earlier misinterpretation of another account, that he is highly unlikely to have experienced FD and simply threw in a random negative comment. Most unfortunate.
#14
Yet again, another deal for an account voted down because it's a bank.
#15
Look, if you meet eligibility criteria and are willing to switch bank accounts you will make money. I've done it eight times in two years and made the best part of £1500 by reaping the goodwill payments and intro interest rates. You can't knock free money! Play the banks at their own game - they make money by customer apathy and inertia. :whistling:
#16
dr_badbeats
Yet again, another deal for an account voted down because it's a bank.


Just a little cynical. Read the comments and you will see why it has been voted down. Other bank deals have received positive comments and votes - each on their merits, of course.
#17
mrcoxexcel
Just a little cynical. Read the comments and you will see why it has been voted down. Other bank deals have received positive comments and votes - each on their merits, of course.


I've read the comments thank you, perhaps you should. Some ill-informed comments on the account (assuming this account has a monthly fee) and then a discussion about first direct.

next to no comments about the account itself, one saying the have large fees for unauthorised overdrafts....

I read every bank deal on here - many of them go down this path of fees and CS.
#18
So is this available to any halifax reward account holders? Could I get £50 for each of the 7 accounts my wife and I have between us?!

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