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Get £135 by switching your current account to Halifax
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Get £135 by switching your current account to Halifax

37
Posted 30th Apr
Just took advantage of the natwest switch so thought this switch offer might be of benefit to some

GET £135 WHEN YOU SWITCH CURRENT ACCOUNTS TO US

£50 when using the Current Account Switch Service to transfer and close your old account held elsewhere.

Plus £85 after 6 months when you pay in at least £1500 each calendar month to your switched account, go paper-free and use your debit card to pay for something.



The £135 reward
You’re eligible for the £50 offer if:You use the Current Account Switch Service, close your old account held elsewhere and switch into one of the following accounts:

  • A Halifax Reward Current Account
  • A Halifax Ultimate Reward Current Account (£17 monthly maintaining the account fee applies with this account)
  • An existing Halifax Current Account


You’re eligible for the £85 if after six months you have:
  • Paid at least £1500 into your switched Halifax current account each month from your switch date.
  • Made a payment using your Halifax debit card.
  • Signed up for paper-free letters and statements
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Top comments
Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me
37 Comments
Does this work if you have had an account before?
Did the move last month - switched with no problems and their online banking is so much better than my last bank. First £50 was paid within days of the account being opened. Heat from me.
Solac30/04/2019 22:39

Does this work if you have had an account before?


If you have not had a bonus from them since January 2012 it should work
Reeseyboy30/04/2019 22:40

If you have not had a bonus from them since January 2012 it should work


Do you know how you can check? I have received a switch offer before (I think 2011) and closed the account about 6 months ago?
Solac1 m ago

Do you know how you can check? I have received a switch offer before (I …Do you know how you can check? I have received a switch offer before (I think 2011) and closed the account about 6 months ago?


Could ring them or go back through your statements to see when you opened it/got the bonus?
Had various versions of the Halifax Reward/Ultimate Reward current account for 20+ years & it is by far the best current account I have had, taking into account benefits, online & app operation - so don't hesitate to switch. (Also had TSB, Clydesdale & HSBC current accounts during this time & none close to being as good).
Can you transfer 1500 in then straight back out again?
Solac30/04/2019 22:41

Do you know how you can check? I have received a switch offer before (I …Do you know how you can check? I have received a switch offer before (I think 2011) and closed the account about 6 months ago?


Use MSE Credit Club to check closed accounts if too much effort going through old papers.
moh2231 m ago

Use MSE Credit Club to check closed accounts if too much effort going …Use MSE Credit Club to check closed accounts if too much effort going through old papers.


Great idea! Just had a look, 2011
daz_752 m ago

Can you transfer 1500 in then straight back out again?


£1500 a month, but yes
Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me
bobbyarbogast23 m ago

Had various versions of the Halifax Reward/Ultimate Reward current account …Had various versions of the Halifax Reward/Ultimate Reward current account for 20+ years & it is by far the best current account I have had, taking into account benefits, online & app operation - so don't hesitate to switch. (Also had TSB, Clydesdale & HSBC current accounts during this time & none close to being as good).


Tried First Direct?
Deal-boy-trotter30/04/2019 23:01

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


That's only about £21k per year, many of the jobs you mentioned would pay that.
I already have a joint account with Halifax. Could I move my personal one from HSBC to a new one with HALIFAX?
Deal-boy-trotter1 h, 8 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


I'm fairly sure you can bounce money between accounts to hit this. So, £1,200 wage, £300 transferred out and back in - £1,500 paid in that month. At least that's what ML said a while back on tv.
Deal-boy-trotter1 h, 10 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


You’re right, much better for the bank to keep the money, far more deserving.
Deal-boy-trotter2 h, 0 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


Well, you could transferr £400 in on the first of month, back out on the second, back in on third, out on fourth, in on the fifth, out on the sixth, in on seventh then back out again on eighth and they presto, £1600 has been paid in, and you've just had to set up a few standing orders and accepted you wont get that £400 for 8 days a month
I've ben with Halifax for 20 years and currently have a Reward Current Account.

Will I be able to switch from TSB to open a new current account and benefit from this switch bonus?

Have never received a switch bonus from Halifax.
FL885 h, 40 m ago

I've ben with Halifax for 20 years and currently have a Reward Current …I've ben with Halifax for 20 years and currently have a Reward Current Account.Will I be able to switch from TSB to open a new current account and benefit from this switch bonus?Have never received a switch bonus from Halifax.


Then you should be eligible
I have a Halifax reward account. If I read those terms correctly. If I switch my NatWest account to it I will be eligible for the bonus?
Deal-boy-trotter8 h, 43 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


Pretty sure HSBC needs 1750 minimum in per month!!!!
I switched 18 months ago from NatWest, only took just over an hour. £150 was in my account within 7 days.
I would switch but there is only one Branch in Glasgow...
Good find
kennycrum30/04/2019 23:41

That's only about £21k per year, many of the jobs you mentioned would pay …That's only about £21k per year, many of the jobs you mentioned would pay that.


It’s more than £21k per year I earn a couple grand more than that and now after workplace pension has been taken which you cannot opt out of I do not get £1500 pm
Louiseh0112 m ago

It’s more than £21k per year I earn a couple grand more than that and now a …It’s more than £21k per year I earn a couple grand more than that and now after workplace pension has been taken which you cannot opt out of I do not get £1500 pm


Well, you can opt out (but it's probably a mistake)

Including autoenrollment, I make it £22187.50 salary (£21300 after pension contributions) to get over £1500 assuming standard tax code
djh19751 h, 20 m ago

I switched 18 months ago from NatWest, only took just over an hour. £150 …I switched 18 months ago from NatWest, only took just over an hour. £150 was in my account within 7 days.


Isn't it 50 upfront then 85 if you stay
Deal-boy-trotter12 h, 38 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


It's a bank, not a charity?

The incentives are designed for them to make money off people in the future, not to prop up people's salaries.
Hi all,

I've seen a couple of notes criticising/ questioning the high pay in of £1,500 a month... I'd like to explain IMO the best way to utilise these schemes - this is the way I would personally do it:

1. First Direct - they're great with customer service (which I think we can all agree is generally lacking these days!), if ever I have had an issue or query, it's always been solved straight away. So these guys would get my business, and would therefore be my main account which my wages get paid in to etc. I would have a linked 'Regular Saver' where I pay in £300 a month which equates to £3,600 in a year + (I think!!) 5% accretive interest which works out at like £90ish extra after the year... money well invested IMO and far better than what you'd get locking this amount of cash up in a 2% interest ISA for a year

2. Nationwide - they have a really good offer where you get like 5% interest on up to £2,500 in the first year for their FlexDirect Account (which means that if you hold the full £2,500 in the account consistently, you earn like £10 a month interest, but this drops to minimal interest after the first year). All you need to do is move £1K in to the account each month, so set up a standing order from the First Direct Current Account in to this, and then back again the following day, and maintain at least £2.5K in Nationwide at all times to achieve the tenner interest a month. Also set up a linked Regular Saver (very similar to First Direct, but it's £250 a month pay in, and therefore equates to £3,000 in a year with maybe £80ish interest?).

3. Use this as a continuous swap account - take advantage of the offers from TSB, then NatWest, then Halifax, then M&S, then Lloyds etc. in whatever order you choose. Take note of the Direct Debits required (perhaps useful to set up DD's of sending money to charities to qualify x amount of DD's, as well as being charitable!!). Cycling through these... you could maybe land 3 in a year? Could in theory be £500 cash just for swapping, and would take minimal effort as the Banks manage the whole process for you.

In terms of the £1,500 pay in, this doesn't need to be from your wages, so don't think that your viability to take advantage of the opportunities are purely based on what you get paid each month. You can just move money in and out of these accounts from different bank accounts (you may not be able to swap money from one of your Halifax accounts, to another of your Halifax accounts, for example) to satisfy the quota... you could potentially bounce money from one account, to the next, to the next, and so on. And yes - it seems like you would need a lot of available cash, and the Regular Savers mentioned above tie up money that you may not personally be able to afford, but what I have gone through is purely opportunities to look in to IMO.

Happy to clarify anything further, and also to hear any other people's ideas! As you can tell, this kind of thing interests me and I have put a fair amount of thought in to it. For people on lower income, there are plenty of schemes to support you, I think you may be able to pull up some stuff through the GOV and HMRC website? Things like free/ subsidised insulation and boilers in your house to reduce heating bills etc - apologise if this appears condescending, it's certainly not meant to be, just simply a bit of info.

Disclaimer:

I don't work for any banks, I'm not an accountant or financially trained, this is purely what I would personally do so I'm not advising anyone directly to do this (and therefore in no way promoting abuse of Bank swap schemes)... blaa blaa blaa
I tried to switch a few months ago to the Halifax, I think the incentive was less then. I had nothing but trouble. I filled in the online form got to the final bit and the page wouldn't load. I contacted their helpline that was on the page and it turned out to be their general switchboard, then I was passed to another department, had a long wait to get through and was told it was the wrong department and passed to another one, another long wait and still no answer so I gave up. To add insult to injury they still credit checked me
For those worried about pay in requirements - you can move money in, out and back in. £1500 can be done as £300x5 if you want. There is no requirement that the money should stay in the account. I have done this for every switch offer I could grab in the last couple of years.
Deal-boy-trotter16 h, 22 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


It's just paid in. Withdraw the money and then deposit it, job done!
Deal-boy-trotter21 h, 53 m ago

Wow... anyone who can afford to pay £1500 a month shouldn't get the reward …Wow... anyone who can afford to pay £1500 a month shouldn't get the reward as they are obviously doing well in life. Should be £800 a month so low paid workers like nursery nurses, care staff and other low paid hard workers can benefit from this. Cold vote from me


£1500 a month isn't even that much money, I'd still consider that low paid.
It's good, but it's not as good as you're making out.
RoryStuart9 h, 26 m ago

Hi all,I've seen a couple of notes criticising/ questioning the high pay …Hi all,I've seen a couple of notes criticising/ questioning the high pay in of £1,500 a month... I'd like to explain IMO the best way to utilise these schemes - this is the way I would personally do it:1. First Direct - they're great with customer service (which I think we can all agree is generally lacking these days!), if ever I have had an issue or query, it's always been solved straight away. So these guys would get my business, and would therefore be my main account which my wages get paid in to etc. I would have a linked 'Regular Saver' where I pay in £300 a month which equates to £3,600 in a year + (I think!!) 5% accretive interest which works out at like £90ish extra after the year... money well invested IMO and far better than what you'd get locking this amount of cash up in a 2% interest ISA for a year2. Nationwide - they have a really good offer where you get like 5% interest on up to £2,500 in the first year for their FlexDirect Account (which means that if you hold the full £2,500 in the account consistently, you earn like £10 a month interest, but this drops to minimal interest after the first year). All you need to do is move £1K in to the account each month, so set up a standing order from the First Direct Current Account in to this, and then back again the following day, and maintain at least £2.5K in Nationwide at all times to achieve the tenner interest a month. Also set up a linked Regular Saver (very similar to First Direct, but it's £250 a month pay in, and therefore equates to £3,000 in a year with maybe £80ish interest?).3. Use this as a continuous swap account - take advantage of the offers from TSB, then NatWest, then Halifax, then M&S, then Lloyds etc. in whatever order you choose. Take note of the Direct Debits required (perhaps useful to set up DD's of sending money to charities to qualify x amount of DD's, as well as being charitable!!). Cycling through these... you could maybe land 3 in a year? Could in theory be £500 cash just for swapping, and would take minimal effort as the Banks manage the whole process for you.In terms of the £1,500 pay in, this doesn't need to be from your wages, so don't think that your viability to take advantage of the opportunities are purely based on what you get paid each month. You can just move money in and out of these accounts from different bank accounts (you may not be able to swap money from one of your Halifax accounts, to another of your Halifax accounts, for example) to satisfy the quota... you could potentially bounce money from one account, to the next, to the next, and so on. And yes - it seems like you would need a lot of available cash, and the Regular Savers mentioned above tie up money that you may not personally be able to afford, but what I have gone through is purely opportunities to look in to IMO.Happy to clarify anything further, and also to hear any other people's ideas! As you can tell, this kind of thing interests me and I have put a fair amount of thought in to it. For people on lower income, there are plenty of schemes to support you, I think you may be able to pull up some stuff through the GOV and HMRC website? Things like free/ subsidised insulation and boilers in your house to reduce heating bills etc - apologise if this appears condescending, it's certainly not meant to be, just simply a bit of info.Disclaimer: I don't work for any banks, I'm not an accountant or financially trained, this is purely what I would personally do so I'm not advising anyone directly to do this (and therefore in no way promoting abuse of Bank swap schemes)... blaa blaa blaa


Good, except nationwide have binned off the regular saver as of a couple of weeks ago
When does this offer end? I can't see the date anywhere on Halifax website. I'm considering switching my Tesco current account when the interest rate drops in a month or two
RoryStuart1st May

Also set up a linked Regular Saver (very similar to First Direct, but it's …Also set up a linked Regular Saver (very similar to First Direct, but it's £250 a month pay in, and therefore equates to £3,000 in a year with maybe £80ish interest?).


It will be your last as nationwide have scrapped their regular saver. Funny how hsbc and fd still offer theirs. Must be because they have shareholders to pay oh no they don’t do they. Must be more money going straight to the ceo and chairman then.
RE the money in to your account .. with one of these switches , I paid in about £430 cash on day one , went back three days later, withdrew £300 in cash (max allowed) then paid it straight back into my account... same ATM.
Did that about three or four times .. This way you DONT lose any interest (ok maybe 1 days interest) and its credited straight away. Viola ! Condition met.
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