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 start of your current account application we’ll ask you if you would like to apply for an arranged overdraft. If you say yes, subject to approval, we’ll tell you the maximum arranged overdraft we can offer you. Arranged overdrafts are repayable on demand.

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 an arranged overdraft

If you'd like an Arranged Overdraft, you request one when you apply for a Reward Current Account.

Apply for a Reward Current Account and arranged overdraft

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.

£135 switch offer

Get an initial £50 when you switch, then £85 after 6 months if you pay in at least £1,500 into your Halifax account each calendar month (additional T&Cs apply). Complete our switching form and use the Current Account switch service to switch into a new or existing Halifax Reward Current Account, Ultimate Reward Current Account (£17 monthly maintaining the account fee) or an existing Current Account. You are not eligible for the offer if you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012.

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).

To qualify for the £50 part of the switching offer you must use the ‘Current Account Switch Service’ and meet the following conditions:

• Switch into an open new or existing Reward Current Account, Ultimate Reward Current Account (£17 monthly maintaining the account fee), or an existing Current Account (no longer on sale).
• Transfer your payment arrangements from your old bank account to us and close the old account.

To qualify for the additional payment of £85 in the first 6 calendar months from your switch date you must:

• Have successfully met all requirements above and been paid the £50 switching offer.
• Fund your switched account with at least £1,500 each calendar month.
• Use your switched account’s debit card to pay for something (either contactless, chip and pin or online)
• Register for paper-free correspondence and statements.

You are not eligible for the offer if:

• You are switching to a Basic Account, Expresscash Account or a Student Current 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.currentaccountswitch.co.uk

1. Only one offer is available per customer. Joint accounts will only be eligible for one of each payment (£50 & £85). If any joint account customer has already benefited from a switch offer in their sole name, no payment will be made for that joint account.
2. If you qualify, the £50 will be paid directly into your account by the time your switch has completed, the £85 will be paid 6 months after your switch has completed. Both payments will appear as a cash credit.
3. 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.