No monthly fee with this account.
Just stay in credit or within the £50 buffer and you won't be charged any daily fees.
Free text alerts are also available if you'd like help to stay in credit.
Get £3 each month when throughout the previous calendar month you:
If in any month you miss out on the £3 reward, don’t worry you'll still get free everyday banking, so long as you stay in credit or within the £50 buffer.
An overdraft buffer so you won't get any fees on the first £50 you go overdrawn.
If you'd like a larger overdraft limit, you can ask for a Planned Overdraft when you apply for the account.
Just use the Current Account Switch Service to transfer and close your old account held elsewhere. You can request to switch to us at the end of your application for this account.
With Cashback Extras, you can earn up to 15% cashback on your debit card purchases, based on the places you usually shop or may like to try, such as clothing stores, DIY outlets and restaurants.
You can earn £3 each month when throughout the previous calendar month you:
If in any month you miss out on the £3 reward, you can still get it in future months too (when you meet the qualifying requirements above).
When we pay you the £3 Reward we are required by legislation to pay tax of £0.75 to HMRC on your behalf, so the gross reward is £3.75. The tax paid is 20% (current basic rate of income tax) of the gross amount. If you are a higher rate or additional rate taxpayer it is your responsibility to pay any additional tax due.
If you are overdrawn by £50 or less our overdraft buffer means you won’t pay any planned or unplanned overdraft fees. Overdrafts are subject to application and approval, and are repayable on demand.
IF YOU USE A PLANNED OVERDRAFT OF £1,200, THEN WE'LL CHARGE YOU A DAILY FEE OF £1.
Please note: From 2 November 2017 we’re making changes to how our bank account overdrafts work and how we charge our overdrafts fees. Below is an overview of how your overdraft is changing:
One Daily Overdraft Fee
You’ll pay a daily overdraft fee of 1p for every £7 you borrow, over your fee-free amount (if your account has one). When calculating the daily overdraft fee, we will only use every full £7 you have borrowed, so if you borrow less than £7 you won’t be charged. The Ultimate Reward Current Account will have a fee-free amount of up to £300. The Student Current Account will have a fee-free amount of up to £1,500. There will be no fee-free overdraft amount for Reward Current Account or Current Account.
Instead of paying all fees in one go each month, the new fee will be charged at the end of each day you use your overdraft – so you’ll pay for what you borrow on the day you borrow it. This will help you keep track of how much your overdraft costs you.
If you go over your limit
So all your payments are made, it’s important you manage your account within your planned overdraft limit. If you don’t have enough money in your account or you reach your limit, you may not be able to make any more payments. If a payment takes you over your limit or we stop it, you won't be charged.
|If you use…||Your daily fee will be…|
|a planned overdraft up to and including £1,999.99||£1 a day|
|a planned overdraft of between £2,000 and £2,999.99||£2 a day|
|a planned overdraft of £3,000 and over||£3 a day|
|an unplanned overdraft||£5 a day|
Monthly Maximum Charge (MMC) for Unplanned Overdraft Fees and Interest
The MMC for your Reward Current Account is £95. This is the maximum amount that, under our charging policy and terms and conditions, we will charge in any monthly billing period for using (or trying to use) an Unplanned Overdraft from 2nd August 2017. The wording below explains what the MMC covers:
Monthly cap on unarranged overdraft charges
You can find out more detailed information about Overdrafts such as our fees and common terms or even use our overdraft calculator.
Use our Eligibility Checker to find out how likely you are to be accepted for a current account and overdraft without affecting your credit profile.
If you'd like a Planned Overdraft, you request one when you apply for a Reward Current Account.
Alternatively, if you already have a current account with us and would like a Planned Overdraft, you can apply for one through Online Banking or Mobile Banking. You can also apply to increase your existing overdraft too.
You'll be up and running in 3 simple steps.
Choose a current account and apply
You can still use your old account and use your new Halifax account.
Enjoy your Halifax account.
We'll start your switch.
We'll transfer payments from your old account to your new Halifax account.
Switch Complete. We close your old account and move any funds to your new Halifax account.
We’ll put £75 into your Halifax account by the time your switch has completed.
You can choose the date you want to switch.
If any payments go to your old account after the switch.
No need to worry, we will arrange for any payments made to your old account to be automatically redirected to your new Halifax account for up to 36 months.
If something goes wrong.
You're covered by the Current Account Switch Guarantee. If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
£75 Switching Offer.
Complete our switching form and use the Current Account Switch Service to switch. Switch into a new or existing Halifax Reward Current Account, Ultimate Reward Current Account (£15 monthly fee applies) or an existing Current Account if opened before 3rd December 2016, and close your old account held elsewhere. If you’ve already received cashback for switching to us since January 2012 we’re sorry but you won’t get it again.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
For more information and FAQs, please read the Account Switching Guide (PDF).
To qualify for the £75 switching offer (“the offer”) you must use the ‘Current Account Switch Service’ and meet the following conditions:
You are not eligible for the offer if: