Reward Current Account.

The simple current account that rewards you each month.

Here are the benefits you could enjoy with this account:

Current Account Switch Guarantee

  • £75 extra, paid before your switch completes. Just use the Current Account Switch Service to transfer and close your old account held elsewhere. If you’ve received cashback for switching to us since January 2012 we’re sorry but you won’t get it again.
  • £3 reward each month you pay in £750 or more, pay out at least 2 different direct debits and stay in credit. 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).
  • £50 overdraft buffer.
  • Earn as you spend with Cashback Extras once you've activated your offers within Online Banking. 
  • Easy access to your account with Online, Mobile and Telephone Banking. And access to any of our branches
  • A VISA debit card with contactless payments.

For more information and terms & conditions for this current account, read the Bank Account Getting Started Guide (PDF).

You will continue to qualify for a reward payment when, in the previous calendar month, you:

  • pay in £750 or more and;
  • have a minimum of 2 different direct debit instructions paid from your account and;
  • have not had a debit balance (planned or unplanned) on your Reward Current Account by the end of any day during the calendar month.

Apply now or change your existing account.

Already have a Halifax bank account and want to change it to a Reward Current Account? You can do this by signing into Online Banking.

Apply for a new account   Sign in to upgrade


£3 reward each month.

Get a £3 reward, when in each month you pay in £750 or more, pay out two different direct debits and stay in credit.

If in any month you miss out on the £3 reward, you can still get it in future months (when you meet the qualifying requirements).


£75 for switching to us.

Use the Current Account Switch Service to transfer 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.

£75 TO SWITCH USING THE CURRENT ACCOUNT SWITCH SERVICE.

Terms and conditions.

To qualify for the £75 switching offer (“the offer”) you must use the ‘Current Account Switch Service’ and meet the following conditions:

  • Use the 'Current Account Switch Service' to switch into an open new or existing Reward Current Account, Ultimate Reward Current Account (£15 monthly fee), or an existing Current Account if opened before 3rd December 2016.
  • Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank and close this account.

You are not eligible for the offer if:

  • you are switching to a Basic Account, Youth Account or a Student Account;
  • you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012;
  • you are a Bank of Scotland bank account customer switching to Halifax;
  • The bank you are switching from does not participate in the Current Account Switch Service. To find out if your bank participates, visit the Payments Council website www.simplerworld.co.uk

What else do you need to know?

  1. The offer applies to applications received in branch, online (Ultimate Reward Current Account and Reward Current Account only) or by phone from 1st March 2017. The offer is subject to change and can be withdrawn without notice at any time.
  2. The offer does not automatically guarantee an overdraft. Any application made for an overdraft will be subject to status. If your account has an overdraft you will not pay any daily overdraft fees for 6 months provided you stay within your planned overdraft limit; if you exceed your planned overdraft limit, then unplanned overdraft fees will still apply.
  3. After 6 months, or if you change your account, you will be charged daily overdraft fees applicable to the account you hold if you use your overdraft. Please see the Getting Started Guide applicable to your account for full details on overdraft fees. You will have been given a Getting Started Guide when you opened your account, but if you would like another one, please ask in branch or look at www.halifax.co.uk/bankaccounts/rates-rewards-fees.
  4. If you do not meet the conditions of the offer we may claim back the £75. We will do this by debiting £75 from your account.
  5. Only one offer is available per customer. Joint accounts will only be eligible for one payment. If any joint account customer has already benefited from the offer in their sole name, no payment will be made for that joint account.
  6. The offer will be paid directly into your account by the time your switch has completed. The payment will appear as a cash credit.
  7. The offer is not available to employees of Lloyds Banking Group, or if the employee is named on any bank account held in joint names.

£50 overdraft buffer.

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.

The overdraft.


REPRESENTATIVE EXAMPLE:
IF YOU USE A PLANNED OVERDRAFT OF £1,200, THEN WE'LL CHARGE YOU A DAILY FEE OF £1.


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

You can find out more detailed information about Overdrafts such as our fees and common terms or even use our overdraft calculator.

Current Account Switch Guarantee

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.

  • The service is free to use and you can choose and agree your switch date with us.
  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
  • If you have money in your old account, we will transfer it to your new account on your switch date.
  • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
  • If there are any issues in making the switch, we will contact you before your switch date.
  • 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.Crystal Mark 20785. Clarity approved by Plain English Campaign.

For more information and FAQs, please read the Account Switching Guide (PDF).

The £3 reward will be paid each month if you pay in £750 or more, pay two different direct debits and remain in credit throughout the previous calendar month.

This payment is ‘net’ of income tax, which means we pay it after taking off income tax at the rate set by law (currently 20%). If you’re a higher-rate taxpayer you may have to pay extra income tax on the reward payment. The gross amount is £3.75 - this is the amount before income tax is taken off.

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.

Please note that the Reward payment does not count towards your Personal Savings Allowance introduced in April 2016.


Apply now or change your existing account.

Already have a Halifax bank account and want to change it to a Reward Current Account? You can do this by signing into Online Banking.

Apply for a new accountSign in to upgrade


Halifax current accounts and services are offered subject to status. Available only to personal customers aged 18 or over.

Whether you can have an overdraft and the amount will depend upon your personal circumstances at the time you apply for one. Any overdraft we agree is repayable on demand, including any fees or interest. We subscribe to The Lending Code.