Ultimate Reward Current Account.

As the impact of coronavirus (COVID-19) is felt across the UK, customers have been contacting AXA and Halifax to understand how their travel insurance is impacted. Since the World Health Organisation (WHO) announced that the coronavirus outbreak is a pandemic, this is now a ‘known event’ and means:

  • If you are an existing Ultimate Reward Current Account customer and book any travel or holiday after 18 March 2020, your policy will not cover cancellation and early returns related to coronavirus
  • If you open a new Ultimate Reward Current Account now, any travel or holiday you have booked regardless of the date, or book in the future, will not be covered for cancellation and early returns related to coronavirus

AXA will continue to cover medical costs if you become ill in a country or region the Foreign and Commonwealth Office (FCO) hasn’t advised against visiting.

If you are an existing customer, please read our FAQs to understand your cover in more detail. You can also register, service and check for updates on a claim online.

An account packed with benefits for a £17 monthly fee for maintaining the account.

Get travel insurance, mobile phone insurance, car breakdown cover and more, plus:

  • Earn £5 or a lifestyle benefit each calendar month - Choose a Reward Extras offer for your Ultimate Reward Current Account*
  • Cashback Extras - Earn as you spend as soon as you activate your offers online**
  • Contactless - Get a VISA debit contactless card
  • Save the change - Round up your card payments to the nearest pound to save as you spend
  • Mobile alerts - Help yourself stay in credit with our alerts

*You'll need to meet a set of conditions each month to get paid, take a look at our Reward Extras hub for more details.

**Find out more about Cashback Extras.

I'm ready to apply

Need to make a claim?

Call 0345 124 1400 if you need to use your benefits. Select the benefits you are calling about and one of our team will be happy to help.

Existing customer queries

More details about your benefits


Worldwide multi-trip family travel insurance

Cover for you, your spouse or partner who you live with and children under 18, or under 24 if they’re in full time education. It includes cover for personal belongings, certain winter sports and golf trips.

Underwritten by AXA Insurance UK plc.


AA breakdown cover including Home Start

Covers Roadside Assistance and Home Start in the UK, Channel Islands & Isle of Man. The policy offers cover for you as driver or passenger in any eligible vehicle.

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


Home emergency cover

For sudden unexpected incidents that need immediate action to make your home safe and secure. A qualified person chosen by the insurer will be provided to deal with the emergency. Cover is for up to £250 per claim including VAT.

Underwritten by Inter Partner Assistance S.A. (IPA)


Mobile phone insurance

Cover for the repair or replacement of your phone worth up to £2,000 (inc VAT) if it breaks down, gets damaged, lost or stolen. Covers one phone for you as the account holder, or up to two phones for joint accounts.

Arranged through Lifestyle Services Group Limited with a single insurance provider, Assurant General Insurance Limited


Card Cancellation

Call the provider if your cards are lost or stolen and they’ll request for them to be cancelled on your behalf.

This service is provided by Citymain Administrators Ltd , part of the SPB UK & Ireland Group Companies.

Arranged overdraft

An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.

- Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use more than the interest-free amount of £50.

- If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.

  • Applying for an arranged overdraft – When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
  • Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Online Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. This application won't affect your credit score.
  • Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.

If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.

Applying for this product does not improve your eligibility for an arranged overdraft. All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.

Representative example

A variable representative rate of

A variable interest rate of

Based on borrowing

61.7% APR

39.9% EAR*


A variable representative rate of

61.7% APR

A variable interest rate of

39.9% EAR*

Based on borrowing


The APR includes monthly maintaining the account fees of £17 and an interest free amount of £50

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:

Useful tools

You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. Check your eligibility and calculate the cost of an arranged overdraft:

Cost CalculatorEligibility tool

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.

*EAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

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

Apply now or change your existing account.

Things to think about
There are other accounts available to you that provide banking facilities without additional benefits, and which do not have a monthly maintaining the account fee.

Apply for a new account

Wanting to upgrade your existing account?
You can do this by signing into Online Banking.

Sign in to upgrade

Alternatively, call  0345 124 1400  (Mon-Fri 8am-8pm, Sat 8am-6pm and Sun 9am-5pm) or visit your local branch.

Switch to us in seven working days

Switching to us is quick and easy. Just fill in our simple online form and let us take care of the rest.

With the Current Account Switch Service, we'll switch your accounts within seven working days. And we handle all the admin - we'll set up your new account, transfer your Direct Debits, and close down your old account for you.

Switch today to get all the perks of the Ultimate Reward Current Account within seven working days.

Don't have an account with Halifax?

Apply and switch now

Already have a Halifax account?

Switch to your existing accountCurrent Account Switch Guarantee

Find out more about how to switch

You also get the current account features you'd expect:

For more information and terms and conditions for this account, read the Ultimate Reward Current Account Getting Started Guide (PDF).

For more information about the fees associated for Payment Services with this account please see the Fee Information Document (PDF).

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Halifax current accounts and services are offered subject to status. Available only to personal customers aged 18 or over who are resident in the UK.

Whether you can have an arranged 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.

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 maintaining the account 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.