Reward current account.

You can earn £2 each month when throughout the previous calendar month you:

• pay in £750 or more and;
• pay out a minimum of 2 different direct debits and;
• stay in credit.

If in any month you miss out on the £2 reward, you can still get it in future months too (when you meet the qualifying requirements above).

When we pay you the £2 Reward we are required by legislation to pay tax of £0.50 to HMRC on your behalf, so the gross reward is £2.50. 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.

Six month fee free arranged overdraft switch offer

If you’re opening an account and you switch your main current account to Halifax, we’ll give you an arranged overdraft with no daily arranged overdraft fees, subject to status, for the first six months. After this time, daily arranged overdraft fees will apply based on the account you’ve chosen.
If you change your account to another current account within six months, then the fee free arranged overdraft offer will end and daily arranged overdraft fees will apply based on the account you’ve chosen.

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.

Arranged overdrafts are repayable in full, on demand, and subject to approval.

The arranged overdraft

If you use your arranged overdraft, you’ll pay a daily arranged overdraft fee over your fee-free amount (if your account has one). The daily arranged overdraft fee is 1p for every full £6 you borrow up to £1,250, 1p for every further full £7 you borrow between £1,250 and £2,500, and then a further 1p for every full £8 you borrow over £2,500.

REPRESENTATIVE EXAMPLE
If you use an arranged overdraft of £1,200 on your Reward Current Account then we’ll charge you a daily arranged overdraft fee of £2.

Apply for a Reward Current Account

We may offer you an arranged overdraft, which you can add right away.

Apply for a Reward Current Account

Alternatively, if you already have a current account with us and would like an Arranged Overdraft, you can apply for one through Online Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft too.

Apply for an arranged overdraft

Switching is extra easy

You'll be up and running in 3 simple steps.

1. Apply for an account
2. Complete our switching form
3. We’ll switch your account in 7 working days

We'll move your payments for you

• Incoming payments, e.g. your salary.
• Outgoing payments, e.g. bills.
• Direct debits, e.g. an internet bill.
• Standing order, e.g. paying money into a savings account.
• Money in your account, e.g. if your account has a £500 balance then we will transfer £500 into your new account.

You can choose the date you want to switch.

Keep in mind

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.

About the 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.

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