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Ultimate Reward Current Account
Enjoy a great range of benefits for £12.50 a month and get a £5 reward payment each calendar month you pay in £1,000
Overview
Take out an Ultimate Reward Current Account and as well as getting all the features you'd expect, you'll get plenty of other great benefits for just £12.50 a month. Plus, we'll give you a £5 reward payment each month you pay in £1,000.
Here’s a quick look at what you'll get:
- £300 of any arranged overdraft is fee-free – above that amount we'll simply charge you a daily overdraft fee every day you use your overdraft. Find out more in the overdrafts section
- Additional benefits including worldwide multi-trip, family travel insurance, AA Breakdown Cover and mobile phone insurance as well as other great benefits and exclusive offers
- A £5 reward from us each month you pay £1,000 into your account
- All the standard features you'd expect from a bank account, including a Halifax Visa debit card
View more detail on the Ultimate Reward Current Account benefits and features, the overdraft features or apply now.
Benefits and features
Fee-free overdraft
The first £300 of any arranged overdraft is completely fee-free. For overdrafts over £300, we’ll simply charge a daily fee for every day you use your overdraft. You need to be aware that you may not get a £300 fee-free overdraft.
Find out more in the overdrafts section.
Insurance benefits
You normally have to pay separately for insurance cover, but with the Ultimate Reward Current Account, it all comes in one convenient package:
- Worldwide multi-trip travel insurance for two adults and all your children (children must be aged under 16, or under 23 if in full-time education)– including winter sports cover and golf trips
- AA Breakdown Cover - roadside assistance when you need it most. You’re covered as a driver or a passenger in any eligible vehicle
- AA Accident Management - assistance in arranging the repair, recovery and claim processing
- Mobile phone insurance at home and abroad if your mobile phone is lost, stolen or damaged. You’re covered anywhere in the world
- Home emergency cover – from burst pipes to broken windows, get the help and repairs you need
- Card protection for all your registered debit, credit, store and charge cards if they’re lost or stolen, whether at home or abroad
- Travel accident cover – protection if you have an accident while travelling on public transport in the UK or abroad
- Identity theft assistance – with identity fraud a growing problem in the UK, we'll provide help and support on our free advice line open 24 hours a day, 365 days a year
- Purchase protection covering the items you buy with your Ultimate Reward Visa debit card if they’re lost, stolen or accidentally damaged
- Price promise – if you buy an item with your Ultimate Reward Visa debit card and then see it cheaper elsewhere, you can claim back the difference from us
Exclusive offers
Your Ultimate Reward Current Account also comes with a range of exclusive product offers including:
- 15% discount on Halifax car insurance
- 15% discount on Halifax home and contents insurance
- £150 bonus payment when you take out a First Time Buyer or Home Mover Mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage
- An Ultimate Reward discount card - providing a range of offers including 20% off a service and MOT with Kwik Fit and 20% discount off car rental with Avis. Visit our Ultimate Reward discount site 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
Overdrafts made easy
The first £300 of any overdraft you arrange is completely fee-free. Above that amount, we'll simply charge a daily overdraft fee each day you use your overdraft. Simple. You need to be aware that you may not get a £300 fee-free overdraft.
| If you... | then we'll charge you... |
| use an arranged overdraft up to and including £300 | £0 |
|
use an arranged overdraft of over £300.01and |
£1 a day |
| use an arranged overdraft of over £2,500 | £2 a day |
| use an unarranged overdraft | £5 a day |
As we charge fees on this account instead of interest, the typical rate is 0% EAR.
Apply
Opening an Ultimate Reward Current Account is easy. Take a look at the Getting Started Guide for further information.
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sign in to apply  |
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 Ultimate 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.
Or do you want to upgrade?
Upgrading from your existing Reward Current Account or Current Account is really easy. You’ll keep the same account number and sort code and all your direct debits and other payments will be automatically transferred. All you need to do is:
1. Sign in to Online Banking
2. Click the 'Upgrade this account' next to your existing Reward Current Account or Current Account
3. Complete the simple upgrade form
And we’ll do the rest - it really is that simple!
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. You need to be aware you may not get the full £300 fee-free overdraft. 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. This may change in the future.
The Ultimate Reward Current Account fee will be automatically deducted from your account each month on the date of the month that your account was first opened.
Insurance cover is provided subject to the terms and conditions of the policy wording. Underwriting is the process of assessing risks and setting the cost of insuring against them.