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Reward Current Account
A bank account that pays £5 to your pocket month in, month out – it's our way of saying thanks!
Benefits and features
Account benefits
- £5 each month you pay in £1,000, whether you're in credit or overdrawn
- Simple overdraft fees that are easy to understand. You'll pay daily overdraft fees rather than monthly interest, making it easy to manage your money. See the overdrafts section for more details
Standard account features
- A Halifax Visa debit card. Your best way to pay – everyday, everywhere, for everything
- Use of cash machines, for money in an instant. Withdraw up to £300, get mini statements, check your balance and top up your mobile
- Access to any of our branches, as well as our 24 hour telephone and online banking service
- A secure place to pay in your salary and other regular credits. Plus, the facility to set up direct debits so that you can manage your payments with ease
View more detail on the Reward Current Account overdraft features or apply now.
If you want more from your current account, our Ultimate Reward Current Account could be for you.
You will still get a £5 reward payment each month you pay in £1,000. In addition you’ll also get a great range of benefits, including worldwide multi-trip travel insurance, AA Breakdown Cover and mobile phone insurance. All for just £12.50 a month. And the first £300 of any overdraft is fee-free. You need to be aware that you may not get a £300 fee-free overdraft.
Overdrafts made easy
Do you know how much interest you pay if you go overdrawn? Not many people do, so we're keeping things simple. We'll use a fixed daily fee that's easy to track. Staying in control of your finances has never been simpler.
| If you... | then we'll charge you... |
| use an arranged overdraft up to and including £2,500 | £1 a day |
| use an arranged overdraft of over £2,500 | £2 a day |
| use an unarranged overdraft | £5 a day |
With a Reward Current Account you won’t have to pay any other fees if you go overdrawn, so you need never worry. It makes perfect sense. What's more, we won't charge you any fees, as long as you pay in enough money to return your bank account back in credit by the end of the day. As we charge fees on this account instead of interest, the typical rate is 0% EAR.
Apply now for a Reward Current Account.Apply
Opening a Reward Current Account couldn't be simpler.
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Or you can call us on 08457 20 30 40 between 8am and 8pm Monday to Friday, 8am to 6pm on Saturdays and 9am to 5pm on Sundays. Alternatively, call into any Halifax branch and speak to one of our staff.
If you're thinking about switching, it’s easy.
All you need to do is:
1. Apply online now for the Reward Current Account
2. Complete the ‘Switching details’ section in the application
3. Leave the rest to us – our Switching Team will be in touch to confirm your details
Your account transfer should all be taken care of within 28 days provided there are no unexpected delays. Plus we’ll give you a fee-free overdraft for 120 days to help you just in case.
An important note…
This payment is 'net' of income tax. This means we pay it after taking off income tax at the rate set by law (currently 20%). If you are a higher-rate taxpayer, you may have to pay extra income tax on the reward payment. The gross amount is £6.25. This is the amount before we take off income tax. You may reclaim tax from HM Revenue & Customs if the amount of tax we have taken off is more than you have to pay. To find out more visit www.hmrc.gov.uk/incometax. The £5 monthly reward payment will be paid into your account before the 10th of each month. If we have a valid reason, we can choose not to charge a fee which you would otherwise have to pay. Halifax current accounts and services are offered subject to status overdrafts are repayable on demand. EAR is the equivalent annual rate. This is the actual annual cost of an overdraft. This does not take into account any fees or charges. If you have an arranged or unarranged overdraft, your statements will show the amount of fees we will take from your account at the end of the month.