Ultimate Reward Current Account.

What this account gives you

  • A great set of benefits such as travel insurance, mobile phone insurance and breakdown cover for a monthly fee of £15.
  • A lower monthly fee of £10 applies if in the previous calendar month you pay in £750 or more and pay out at least 2 two different direct debits and remain in credit. You'll also need to keep your account open/not change it to a different type of current account until the fee is due to be debited (by the second working day of the following calendar month).
  • Free mobile text alerts - Receive balance, limit and overseas transaction alerts.

Why bank with us?

  • We’ll give you £100 when you switch your account to us.
  • Great access to your money via 24/7 secure Online, Mobile and Telephone Banking. Also use any of our branches, all of which open on Saturdays.
  • And earn when you spend - once registered for Online Banking, activate personalised offers with Cashback Extras.

To switch, use the Current Account Switch Service and close your old account held elsewhere. If you've had cashback for switching since January 2012, we're sorry but you don't qualify.


Already have an Ultimate Reward Current Account?

Key information for existing Ultimate Reward Current Account customers, from details about your benefits to the account terms and conditions.

Find out more


Apply for an Ultimate Reward Current Account.

Ultimate Reward Current Account

Apply now

Alternatively, call us on 08457 20 30 40 (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm or visit your local branch.

To open a joint account - fill in the short form at the end of your application.


For more information and terms & conditions for this current account read the Ultimate Reward Current Account Getting Started Guide (PDF). We’re making some changes from 22 November 2015 to the conditions of our bank accounts, read the Guide to Changes section of the Getting Started Guide for more details.

Monthly fee explained

You’ll pay... If you...
£10
(The lower monthly account fee )
  • pay in £750 or more into your Ultimate Reward Current Account each calendar month, and
  • have a minimum of two different direct debit mandates paid from your account each calendar month, and
  • have not had a debit balance (planned or unplanned) on your account by the end of any day during the calendar month.
£15
(The higher monthly account fee)
  • don’t pay in £750 or more into your Ultimate Reward Current Account in the calendar month, or
  • have fewer than two different direct debit mandates paid from your account in the calendar month, or
  • have had a debit balance (planned or unplanned) by the end of any day during the calendar month.

As well as the qualifying requirements set out in the above table, your Ultimate Reward Current Account must be open/not changed to another type of current account at the time the monthly account fee is due to be taken from your account.

We’ll take the monthly account fee from your account by the second working day of the following month.


Benefits overview

Worldwide multi-trip family travel insurance

Administered by FirstAssist Insurance Services and underwritten by Great Lakes Reinsurance (UK) PLC.

Cover includes your spouse, civil partner or partner who you live with (aged under 71) and children under 16 or under 23 and in full time education. Children are not covered for independent travel. Includes winter sports cover (people aged under 65) and golf trips. Medical exclusions apply to pre-existing conditions, although cover may be agreed by notifying the insurer. Please see the terms and conditions for full details.

Mobile phone insurance

Arranged and administered by STAMS Limited with a single insurance provider, Assurant General Insurance Limited.

Insurance at home and abroad if your mobile phone is lost, stolen or damaged. Excess is £100 for Apple iPhones, £30 for all other handsets.

AA Breakdown Cover including Home Start

Provided by Automobile Association Developments Limited (trading as AA Breakdown Services).

Breakdown assistance when you need it most. You're covered as a driver or a passenger in any eligible vehicle if you breakdown at home or on the roadside.

Home emergency cover

Underwritten by Inter Partner Assistance SA (IPA).

Cover from burst pipes to broken windows, get the help and repairs you need.

Card Cancellation

Provided by Lifestyle Services Group Limited.

Covers all financial cards – call us if they’re lost or stolen and we’ll arrange to cancel them.

Switch to us in only 7 working days, simply apply online and switch at the end of the application.

£100 to switch using the Current Account Switch Service.

To qualify for the £100 switching offer you must use the ‘Current Account Switch Service’ and meet the following conditions:

  • Use the 'Current Account Switch Service' to switch into a new or existing, Reward Current Account, Ultimate Reward Current Account (£15 monthly fee) or Halifax Current Account.
  • Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank and close this 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 or if you're a Bank of Scotland bank account customer switching to the Halifax.

You are not eligible for the offer if 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.

What else do you need to know?

  1. The offer applies to applications received in branch, online or by phone from 1 June 2015. The offer is subject to change and can be withdrawn without notice at any time.
  2. The offer does not automatically guarantee an overdraft. Any application made for an overdraft will be subject to status. If your account has an overdraft you will not pay any daily overdraft fees for 6 months provided you stay within your planned overdraft limit; if you exceed your planned overdraft limit, then unplanned overdraft fees will still apply.
  3. After 6 months, or if you change your current account, you will be charged daily overdraft fees applicable to the account you hold if you use your overdraft. Find out more about our rates, rewards, fees and overdrafts. You can also find this information in our Getting Started Guides available in branch. Any overdraft we agree is repayable on demand, including any fees or interest.
  4. If you do not meet the conditions of the offer we may claim back the £100. We will do this by debiting £100 from your account.
  5. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
  6. The offer will be paid directly into your account within three working days once your switch has completed. The payment will appear as a cash credit.
  7. The offer is not available to customers whose existing account is being managed by our Recovery Departments.
  8. 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.

Our easy-to-understand overdrafts limits and daily fees

Buffer - £50

Your buffer limit is the amount we allow you to go overdrawn by without incurring any daily overdraft fees.

Amount Daily fee
Up to £50 N/A

Planned overdraft:

A planned overdraft is an agreed amount we allow you to go overdrawn on your account, which you arrange with us in advance of doing so.

The following daily fees apply to the various limits of a planned overdraft:

Amount Daily fee
Up to and including £300* (subject to approval) N/A
£300.01 to £1,999.99 £1
£2,000 to £2,999.99 £2
£3,000 and above £3

*Remember if you do choose to use your Ultimate Reward Current Account overdraft, although you may not incur any overdraft daily fees up to £300, you’ll pay the full £15 monthly account fee if you have had a debit balance (planned or unplanned) by the end of any day during the calendar month.

Unplanned overdraft:

An unplanned overdraft is an overdraft that’s not arranged with us in advance. You could go into an unplanned overdraft if you:

  • Go overdrawn and have no planned overdraft on your account (exceeding your buffer limit or if your account does not have a buffer limit)
  • Exceed your planned overdraft limit

The following daily fees apply to an unplanned overdraft on this account:

Amount Daily fee
All balances (over your planned overdraft limit) £5

Representative example

If you use a planned overdraft of £1,200, then we'll charge you a daily fee of £1. For Ultimate Reward Current Accounts, you will pay the higher monthly account fee of £15 rather than £10 if you use your overdraft. This means there will be an additional indirect cost of £5 if you use the overdraft on this account.


Apply for an Ultimate Reward Current Account.

Apply now

Halifax current accounts and services are offered subject to status. Whether you can have an overdraft and the amount will depend upon your personal circumstances at the time you apply for one. Any overdraft we agree is repayable on demand. You need to be aware you may not get the full £300 overdraft.

The insurance cover and other services that come with the Ultimate Reward Current Account Benefits Package are renewed every month and will end if: (i) your Ultimate Reward Current Account is closed; (ii) you fail to pay the monthly fee for the account; (iii) your account is changed to another type of account with us; (iv) your residential address is no longer in the UK. Any other insurance policies that you yourself have taken out at a discount as part of the benefits package will not be affected.

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