Switch and get £150 in 10 working days

To qualify for the £150 switching offer (“the offer”) you must switch to a Reward Current Account or Ultimate Reward Current Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The switch must include 2 direct debits. The following conditions apply:

• Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to a Reward Current Account (£3 monthly maintaining the account fee) or Ultimate Reward Current Account (£17 monthly maintaining the account fee). The ‘Current Account Switch Service’ will close your old account with the other bank; and
  
• Your switch must include the transfer of a minimum of 2 active direct debits from the current account being switched to the Halifax as part of the switch. Direct debits set up or transferred after your switch has been started will not count towards this offer. Other types of automated payments, such as standing orders and recurring card payments, won’t count towards this; and
• Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Reward Current Account or Ultimate Reward Current Account between the 12/07/2022 and the 05/09/2022.
  

You are not eligible for the offer if:

• You switch to any account other than a Reward Current Account or Ultimate Reward Current Account.
• You change your existing account to a Reward Current Account or Ultimate Reward Current Account but you do not move your account from another bank using the ‘Current Account Switch Service’ before the switching deadline.
• You’ve received a switching offer since April 2020 for switching to a Reward Current Account or Ultimate Reward Current Account.
• You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020.
• The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk
• You are an employee of Lloyds Banking Group, or if an employee is named on any bank account held in joint names.

1. The offer applies to applications received in branch, online or by phone between the 12/07/2022 and the 05/09/2022. The offer is subject to change and can be withdrawn without notice at any time.
   
2. The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your account has an arranged overdraft, you will not pay any daily arranged overdraft interest for 6 months provided you stay within your arranged overdraft limit and do not increase or otherwise alter the arranged overdraft limit agreed.
3. After 6 months, or if you change your account, you will be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. If you need any information about our overdrafts, please visit: https://www.halifax.co.uk/bankaccounts/overdrafts.html
4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
5. The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit. 

6 months 0% interest overdraft when you switch

To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 6 months, subject to application and approval. An arranged overdraft can act as a useful safety net. You can use it to borrow money up to an agreed limit through your bank account.

What happens after the 0% interest free period ends?

Once your six month interest-free period ends we will charge interest daily. The daily arranged overdraft interest rate will be based on how you manage any accounts with us and on the credit information we hold about you. We will let you know this rate in the pre contract credit information we give you if you apply for an arranged overdraft.

Representative example (based on using a Reward Current Account)

An arranged overdraft on a Reward Current Account has a variable interest rate of 39.9% EAR, and a variable representative rate of 39.9% APR, based on borrowing £1,200.

How does our overdraft compare?

You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is: £3.22 for 7 days, £13.86 for 30 days and £28.09 for 60 days.

Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.

To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 6 months, subject to application and approval.

Are you eligible for the arranged overdraft offer?

To qualify for the interest-free offer you must:

• Use the Current Account Switch Service. This service means your old account will be closed and all your payments transferred to your new Halifax account
• Have not used the offer within the last 12 months
• Have applied, and been approved for an arranged overdraft on your new Halifax account

Any questions on the switcher overdraft offer? Just call us on 0345 720 3040 Lines are open 8am – 8pm, seven days a week.
Not all Telephone Banking services are available 24 hours a day, seven days a week.

How do you apply for an arranged overdraft?

At the end of your current account application process, we may offer you an arranged overdraft. If we do, we'll tell you the maximum amount you can have and you can add it right away. You can also apply for one later.

What happens if I am overdrawn and want to switch?

We will show you the maximum amount of arranged overdraft we can offer you before you complete your switch request form, if we are unable to offer you the full amount you will need to make arrangements with your bank to pay back the remaining amount. If you've already got a current account with us you can log onto Online or Mobile Banking and see if there is an option to extend your arranged overdraft.