Switch and get £125 in 10 working days
Switch your old account held elsewhere to a new Halifax Reward current account or Ultimate Reward Current Account using the Current Account Switch Service.
Apply for a new current account and switch.
Complete our switching form.
You can still use your old account and use your new Halifax account.
We'll transfer payments from your old account to your new Halifax account.
Switch complete. We close your old account and move any funds to your Halifax account.
Not got an account with Halifax?
Apply for a current account with us and we’ll take care of switching your old account to us within 7 working days.
- Choose and apply for an account.
- Complete our simple switching form during your application.
- We’ll switch your account in 7 working days
Already got a current account with Halifax?
You can switch a current account held elsewhere into an existing Halifax bank account.
- Complete our simple online switching form.
- Let us do the rest and your switch will be completed in 7 working days.
If you’re switching into an existing Halifax bank account opened before 3 November 2021 you will not qualify for the £125 switch offer.
The form should take around 5 minutes to complete and you'll need your old bank details to hand.
Representative example (based on using a Reward Current Account)
Representative example (based on using a Reward Account)
A variable representative rate of
A variable interest rate of
Based on borrowing
A variable representative rate of
A variable interest rate of
Based on borrowing
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:
Interest on borrowing
£3.22 for 7 days
£13.86 for 30 days
£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.
*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.
To qualify for the £125 switching offer (“the offer”) you must open a new Reward Current Account or Ultimate Reward Current Account and use the ‘Current Account Switch Service’ to switch into it from a bank account held with another bank. The following conditions apply:
- Apply for a new Reward Current Account (£3 monthly maintaining the account fee applies) or new Ultimate Reward Current Account (£17 monthly maintaining the account fee applies) (‘Qualifying 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 to the Qualifying Account which will close your old account with the other bank
- Open your Qualifying Account between 03/11/21 and 14/12/21 and start the switch service by 14/12/21
You are not eligible for the offer if:
- You open and switch to any account other than a new Reward Current Account or new Ultimate Reward Current Account
- You switch to any existing Halifax account
- You change your existing Halifax Current Account to a Reward Current Account or Ultimate Reward Current Account and switch to that account
- Since April 2020 you’ve received a switching offer 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 incentive 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
- The offer applies to applications received in branch, online or by phone between 03/11/21 and 14/12/21. The offer is subject to change and can be withdrawn without notice at any time
- 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
- 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 www.halifax.co.uk/bankaccounts/overdrafts.html
- Only one offer is available per customer. Joint accounts will only be eligible for one payment
- The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit. 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
The Current Account Switch Service makes switching from one bank or building society to another simple and hassle-free whether you’re a consumer, small charity or small business. You’ll find the main benefits of the service below:
Switch on your terms.
With the Current Account Switch Service you can choose a switch date to suit you. Just make sure you allow a minimum of seven working days.
Simple and hassle-free.
The new account provider transfers any existing balance and all existing payment arrangements for you – including those going out (for example Direct Debits and standing orders), those coming in (for example, your salary) and payees you already have set up.
Wide ranging spread of UK banks and building societies are on board.
This means over 99% of UK current accounts are covered by the Current Account Switch Guarantee.
The switching process is the same everywhere.
Every bank and building society offering the service follows exactly the same switch process.
Payments are automatically redirected.
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.
Backed by a Guarantee.
In the unlikely event that something goes wrong with your switch, the new provider will refund any interest or charges incurred on your old or new account as a result.
A single point of contact.
The whole process will be handled by the bank or building society you are switching to. If you have any questions or concerns, just ask your new provider.
- 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.
Switching your account: FAQs
It’s a free service that lets you take your current account to another bank. In just seven days, you can close your existing account and move everything to a new account, without the hassle. That’s Direct Debits, wages - the lot.
If you don’t want to move everything over and would rather keep your existing account open as well, you can apply for a Partial Transfer.
This will let you move some payments over but keep others in the same place. This might take more than a week, though.
The service covers 99% of UK current accounts. But you can’t switch any of the following:
- A joint account (without both parties’ permission)
- Savings accounts
- Foreign currency accounts
The Current Account Switching Service will take care of all the admin for you. Best of all, it’s completely free to switch over, with no fees or charges for you to pay.
Choose your own switch date and the service will do the rest. It’ll also forward on payments to your old account for three years after you switch.
While the service is free, your new account might not be. You may be paying an agreed-on fee for an overdraft allowance, or other service charges. If you’re further into your overdraft than your new bank will agree to carry, you’ll also need to arrange to pay off the rest with your old bank before you can close that account.
You can switch current accounts as often as you like. But most banks won’t give you the same reward more than once if you switch again during a certain period.
Yes, the Current Account Switching Service is free of charge each time you choose to use it. But the bank you switch to may have their own monthly fees.
It depends on how often you make the switch. Frequent switching within the course of a year might tell lenders that you aren’t very reliable.
This should only be a problem if you’re planning to take out a mortgage. Otherwise, changing banks every few years has little impact on your credit score.
No, you can choose to apply for a Partial Transfer. This only moves the outgoings and payments that you want it to. You can keep your old account open if, for example, you’d still benefit from their rates or ongoing offers.
There are more than 40 participating banks, covering 99% of the UK’s current accounts. Visit the Current Account Switch Service website to see which banks are included.
Halifax current accounts and services are offered subject to status. 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.