Receiving and sending funds from your account

Halifax makes it easy to move your money

Take a look at the quick and easy money transfers available from your Halifax current account.

If you register for Online Banking, you'll be able to transfer money between your accounts, as well as pay your bills or set up standing orders.

Register or sign in now to Online Banking

Regular Debit Card Payments

CHAPS

Electronic Overseas Transfers

Paying money into your account

When paying in cash, cheques or automated payments the table below explains when you can take money out of your account. Your deposit receipt will tell you the withdrawal date.

Please note:

'Day' means 'bank working day' – any day between 9am and 5pm which is not a Saturday, Sunday or English bank or public holiday.

Special arrangements apply to paying in cash in foreign currencies, cheques in foreign currencies or from foreign banks, cash or cheques paid in at some of our agencies in the UK or any agencies that are not in the UK.  If you need any more information, please ask us for details at any branch.

For cheque deposits after 5pm in an IDM, after 4pm via Express Pay-In or in Cash Dispensers, the day of deposit is treated as the following day.

If you pay a cheque into your account and we let you take some or all of the amount of the cheque out of your account that does not mean that the cheque has been paid by the paying bank . If the cheque is returned to us without it being paid we may take the amount of the cheque out of your account, unless more than 6 bank working days have passed since the day you paid the cheque in. After 6 bank working days have passed we cannot take the amount of the cheque out of our account unless you have been a knowing party to fraud.

If you want to be sure that a cheque has been paid before 6 bank working days have passed, you should ask us to deal with the cheque by our ‘Special Presentation’ service. If you use this service and we confirm to you that the cheque has been paid, you can be sure that the funds are available for withdrawal. You should use this service where it is particularly important for you to know that the cheque has been paid, for example, if the cheque has a high value.

Sending money from your account

Regular Debit Card Payments

Pay regular bills automatically, such as magazine subscriptions or insurance using your debit card. The payments are agreed between you and the company or organisation, often by telephone. If you need to cancel a payment, you'll need to speak directly to the organisation that set it up.

Electronic UK Transfers

Pay your Halifax credit card

As a Halifax current account customer, you have 2 options to quickly pay your Halifax or Bank of Scotland credit card:

• Pay using your debit card
• Transfer the money to pay your bill online or by telephone.

CHAPS Payment

CHAPS (Clearing House Automated Payments System) is a method of sending usually high value payments (e.g. for the purchase of a car).

Payments are guaranteed to arrive safely and securely - for only £25 each.

To send a CHAPS payment you'll need:

The receving account name, number and sort code.

The funds will arrive at the destination bank on the same day if we receive your instruction before 2.30pm on a bank working day (1.30pm if you're using Telephone Banking for your CHAPS instruction).

You can also receive funds into your account by CHAPS transfer.  We will credit your account with cleared funds the same day if we receive them before 4pm, otherwise the funds will be credited the next bank working day.

To receive funds, the sending bank should quote your account number and sort code.

Without these, or if any incorrect details are provided, we cannot credit your account and the funds may be returned to the sending bank.

Electronic Overseas Transfers

International Electronic Funds Transfer

It's quick, safe and secure to transfer your money overseas with Halifax. Your money could arrive anywhere in the world in just 1-2 bank working days*.

You'll need the following information for the destination bank:

• Euro payments: The account name, BIC and IBAN
• Rest of the World: Beneficiary name and Bank details.

To transfer your money securely overseas call 08457 20 30 40 or visit your local branch.

Coming soon!- International Payment Services online.

You can also receive funds from overseas by International Electronic Funds Transfer. To ensure your funds are received as quickly as possible you must instruct the overseas bank to send funds via SWIFT (Society for Worldwide Interbank Financial Telecommunication) quoting the following details: 

• Euro payments: The account name, BIC and IBAN
• Rest of the World: Beneficiary name and Bank details.

For more information on overseas funds transfers read our International Payment Services section.

*The transfer is usually in the beneficiary county within 1-2 bank working days via the correspondent bank, however, credit to the beneficiary bank is subject to local banking practices and time zone differences.

BIC (Bank Identifier Code) - a code by which the beneficiary bank is identified throughout the world, in a standard format.

IBAN (International Bank Account Number) - a code by which the beneficiary bank sort code and account number is recognisable and must be used for payments being sent to a member country of the European Union.   

Foreign Drafts

Ideal if you need to send money abroad but don't have access to the other party's bank details. You can have a cheque drawn in the currency of the destination country, post it to them and they can deposit it into their bank account just like any other local cheque. Available in most major currencies.

Foreign Cheques and Deposits

You can also pay selected foreign currency cheques into your account at a branch counter.  We'll advise you of the charges and when your account may be credited at the time you make the deposit. Some cheques may need returning to their country of origin – known as Foreign Cheque Collection.  You'll be notified if your cheque needs to be dealt with in this way.  The cleared funds will then be credited to your account when we receive them, which can take up to six weeks and we'll write to you advising of the amount received, less our charges. Any banks involved in clearing a cheque may make a charge.