Heads up - Halifax to Increase Current Account Switching Bonus to £125 from Tuesday + Possible £60 cashback over 12 months - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit
848Expired

Heads up - Halifax to Increase Current Account Switching Bonus to £125 from Tuesday + Possible £60 cashback over 12 months

£0.00 @ halifax bank
Just a heads up that Halifax are increasing their current account signup bonus to £125 from Tuesday. The bonus is paid within three workings days of a successful transfer using the bank switching serv…
Chanchi32 Avatar
[helper] 1y, 2w agoFound 1 year, 2 weeks ago
Just a heads up that Halifax are increasing their current account signup bonus to £125 from Tuesday. The bonus is paid within three workings days of a successful transfer using the bank switching service.

For their basic current account - no major conditions e.g. no direct debits needed and no minimum paying in amount per month.

If you want to earn an additional £5 per month (on top of the £125 one off bonus) opt for the Reward Current Account. The conditions to get the additional £5 per month is paying in £750 a month into the account + 2 Direct Debits + staying in credit for that month.
More From halifax bank:
×
Get the Hottest Deals Daily
Stay informed. Once a day, we'll send you the deals our members voted as the best.
Failed
Chanchi32 Avatar
[helper] 1y, 2w agoFound 1 year, 2 weeks ago
Options

Top Comments

(5)
14 Likes
Ta OP.

Easiest switch incentive to complete IMO. Easy and quick online application, a simple online switch form and payment typically a day or 2 after the completion date.

M&S Bank on the other hand...oO
[helper] 12 Likes
Link for more info

Reminder of the bank megathread from Karlie88


Edited By: Chanchi32 on Feb 05, 2016 18:16
11 Likes
Heat added chichi, who can turn down free money?...

https://s-media-cache-ak0.pinimg.com/originals/a4/93/b6/a493b65cf08031b7b59c983d33cadabc.gif

This time next year...

https://s-media-cache-ak0.pinimg.com/736x/d3/5a/03/d35a03f9c0f77601c58d401f9ebdf2ee.jpg

...you'll be a millioncookieaire X)
11 Likes
sotomonkey
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...
Bad idea to switch an account you've had for 12 years. Being at a. Bank at a bank for a while is looked on favourably by banks if you've been maintaining that account well. Close the account and it wipes 6 years of steady payments off your record and will also record recent missed payments on that account for for six years instead of three years were it still open.

Sorry, but never such bad advice has been given, no bank nowadays awards you for 'loyalty' in fact the opposite it the case.
9 Likes
Banks seem to be throwing money at us these days...
http://i.imgur.com/47QixEt.jpg
...so rude to not to accept. Ta chanci. <3

All Comments

(177) Jump to unreadPost a comment
Comments/page:
Page:
[helper] 12 Likes #1
Link for more info

Reminder of the bank megathread from Karlie88


Edited By: Chanchi32 on Feb 05, 2016 18:16
7 Likes #2
Heat added.. Time to make a change :)

Edited By: vassy201187 on Feb 05, 2016 18:23
7 Likes #3
Thanks chanchi, heated :)
14 Likes #4
Ta OP.

Easiest switch incentive to complete IMO. Easy and quick online application, a simple online switch form and payment typically a day or 2 after the completion date.

M&S Bank on the other hand...oO
1 Like #5
am sure I read a thread on here the other week were someone said it effects your credit rating
5 Likes #6
mercslkman
am sure I read a thread on here the other week were someone said it effects your credit rating

I've swapped a few and it's been ok on mine mercsman :D
11 Likes #7
Heat added chichi, who can turn down free money?...

https://s-media-cache-ak0.pinimg.com/originals/a4/93/b6/a493b65cf08031b7b59c983d33cadabc.gif

This time next year...

https://s-media-cache-ak0.pinimg.com/736x/d3/5a/03/d35a03f9c0f77601c58d401f9ebdf2ee.jpg

...you'll be a millioncookieaire X)
1 Like #8
whats the interest rate on the account?
2 Likes #9
mercslkman
am sure I read a thread on here the other week were someone said it effects your credit rating

Space out current account applications and don't apply for overdrafts where possible, this should minimise the impact (if any) on your credit score.

Ujval
whats the interest rate on the account?

There is no credit interest on their current accounts, although I'm sure they offer unbeatable debit interest rates.

They do offer 4% on their HTB ISA.
#10
Pain to switch re joint account
#11
You have to open an account in a sole name. Then if want joint select an application to make joint.
It took weeks for mine to be sorted before could complete the 7 day account switch.
Now we are with them it's fine :-)
4 Likes #12
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(

Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...
3 Likes #13
I switched to Halifax in Sept15 when it was still 125 on offer. So far experience is very good. Switching happened on time and they paid 125 on first day. Another good thing they don't give you the offline card-reader like Hsbc/NatWest. Also most of their branches have cash counting machines which makes your depositing task easier.I would certainly recommend them.
2 Likes #14
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...

Create a 'donor' account.
9 Likes #15
Banks seem to be throwing money at us these days...
http://i.imgur.com/47QixEt.jpg
...so rude to not to accept. Ta chanci. <3
#16
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...

Bad idea to switch an account you've had for 12 years. Being with a bank for a while is looked on favourably by creidtors if you've been maintaining that account well. Close the account and it will record anything bad that happened on that account in the last six years, keep it open and only three years show.

Edited By: sotomonkey on Feb 05, 2016 19:49
11 Likes #17
sotomonkey
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...
Bad idea to switch an account you've had for 12 years. Being at a. Bank at a bank for a while is looked on favourably by banks if you've been maintaining that account well. Close the account and it wipes 6 years of steady payments off your record and will also record recent missed payments on that account for for six years instead of three years were it still open.

Sorry, but never such bad advice has been given, no bank nowadays awards you for 'loyalty' in fact the opposite it the case.
5 Likes #18
sotomonkey
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...

Bad idea to switch an account you've had for 12 years. Being with a bank for a while is looked on favourably by creidtors if you've been maintaining that account well. Close the account and it will record anything bad that happened on that account in the last six years, keep it open and only three years show.


​As Martin Lewis says you shop around for the best insurance and the best credit card and you should do the same with your bank account. Staying with the same bank is stupid if another has a better account for you.
#19
I switched to Santander 123 for a while then back to Halifax just before Christmas when it was also £125 incentive. It's an ok account as you get £5 per month pretty easily (think its 2x direct debits and put in something like £500 or £600 a month from memory). I plan to switch again in 12 months or so as not advisible to switch too often. It's not an interest on the balance so if you wanted to comply with the terms and then move the money elsewhere you could.
#20
I just switched from Halifax to TSB in November. Would they take me back and pay out?
#21
sotomonkey
Carbonize
sotomonkey
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...
Bad idea to switch an account you've had for 12 years. Being with a bank for a while is looked on favourably by creidtors if you've been maintaining that account well. Close the account and it will record anything bad that happened on that account in the last six years, keep it open and only three years show.
​As Martin Lewis says you shop around for the best insurance and the best credit card and you should do the same with your bank account. Staying with the same bank is stupid if another has a better account for you.
I'm not saying people shouldn't shop around, I have four current accounts myself. What I'm saying is that if you've had a current account for a long time and maintained it well creditors can be more favourable to you. Moreover if you've had any problems with the account over the last six years (missed payments etc) then it's best to wait until those blemishes are removed before you switch, preferably six years after they occurred as then they won't affect your ability to get credit. Keep the account open and only the last three years can be seen.
The better thing to do with an account like that is to just leave it open and switch a different account.

Looking at the Halifax website (for the current £100 deal), it aapears that you need to close your existing account too.
1 Like #22
Thanks Chanchi, looking to switch so perfect timing :D
2 Likes #23
slipd
I don't know what it is but no matter what the incentive, I just can't find it in me to switch :(
Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...

You've nothing to lose slipd, if your credit rating is good and your payments are regular and not overdrawn, you're in a good position to switch...and I don't just mean this one, there's lots of banks out there desperate for your money and willing to pay you for it X)

Santander 123 account being one of the best ones if you've a bit of money in your current account, don't be scared, that's what banks rely on :D
1 Like #24
Moved to Halifax from HSBC 4 years ago and no regrets, you also get cashback offers for using your debit card at various shops and restaurants which some banks charge a monthly fee for.
#25
Does anybody know if the switching service contacts your employer to arrange your salary to be paid into the new Halifax current account or do you have to arranged that?
1 Like #26
Go to first direct via money saving expert website £150 to join, £250 free overdraft then if you leave after 6 months and before 12 months they give you £100
I'm leaving soon to go to Clydesdale which is another £150
1 Like #27
rickmarine
Does anybody know if the switching service contacts your employer to arrange your salary to be paid into the new Halifax current account or do you have to arranged that?




Switching service does it all
#28
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
#29
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
2 Likes #30
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125

...and so you should, 1st direct are probably the best bank out there for Customer Service and online banking, but apart from that, unless you've an offset mortgage or anything like with them, their interest rates are as dismal as the rest.
#31
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125



Go to Clydesdale next £150 then end with Halifax for their £5 month ongoing
1 Like #32
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
Wait till after 6 months and pocket £100 for leaving as well,that's what I'm Doin
#33
maccy1
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
...and so you should, 1st direct are probably the best bank out there for Customer Service and online banking, but apart from that, unless you've an offset mortgage or anything like with them, their interest rates are as dismal as the rest.


Their 6% savings account is good and fixed term mortgages are normally good as well,their isa isn't too bad at 1.3 either
2 Likes #34
tomdavidrichards
maccy1
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
...and so you should, 1st direct are probably the best bank out there for Customer Service and online banking, but apart from that, unless you've an offset mortgage or anything like with them, their interest rates are as dismal as the rest.
Their 6% savings account is good and fixed term mortgages are normally good as well,their isa isn't too bad at 1.3 either

Yes but you can only put £300 in a month and over the year that doesn't amount to much at all, by switching banks you can earn well over and above this amount in a blink of an eye.

Yes their mortgages are good rates, but if you're not after a mortgage or up for changing your mortgage to them, you're not gaining anything by staying with them, all I'm saying is it's good to look around.
2 Likes #35
tomdavidrichards
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
Wait till after 6 months and pocket £100 for leaving as well,that's what I'm Doin


tomdavidrichards
maccy1
roadrunner23
I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125
...and so you should, 1st direct are probably the best bank out there for Customer Service and online banking, but apart from that, unless you've an offset mortgage or anything like with them, their interest rates are as dismal as the rest.

Their 6% savings account is good and fixed term mortgages are normally good as well,their isa isn't too bad at 1.3 either

Oh

:{

Edited By: maccy1 on Feb 05, 2016 21:53
#36
£150 to join first direct and £100 if you leave after 6 months and before a year,good bank but gimme my £100. Got my £125 from Halifax prior to that,£150 Clydesdale next on my list
1 Like #37
I will be having some of that thankyou very much (_;)
#38
I switched on this deal last year, Got the money quick and Really good bank to be with, And the online banking is simple.
#39
Regarding the £5 a month , In April, will that become £6.25 a month credit as no saving tax to pay or will Halifax still only pay £5. Anyone heard ?
#40
tomdavidrichards
rickmarine
Does anybody know if the switching service contacts your employer to arrange your salary to be paid into the new Halifax current account or do you have to arranged that?




Switching service does it all


​No, you have to contact the payroll and tell them your new bank details. Switching only moves your direct debits and standing orders.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Looking for Twitter login?
Top of Page
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!