Switch to Halifax and get £150 in 10 working days

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.

To qualify for the £150 switching offer (“the offer”) you must switch to a Reward Current Account or Ultimate Reward Current Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The switch must include 2 direct debits. The following conditions apply:

• 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 a Reward Current Account (£3 monthly maintaining the account fee) or Ultimate Reward Current Account (£17 monthly maintaining the account fee). The ‘Current Account Switch Service’ will close your old account with the other bank; and
  
• Your switch must include the transfer of a minimum of 2 active direct debits from the current account being switched to the Halifax as part of the switch. Direct debits set up or transferred after your switch has been started will not count towards this offer. Other types of automated payments, such as standing orders and recurring card payments, won’t count towards this; and
• Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Reward Current Account or Ultimate Reward Current Account between the 12/07/2022 and the 05/09/2022.
  

You are not eligible for the offer if:

• You switch to any account other than a Reward Current Account or Ultimate Reward Current Account.
• You change your existing account to a Reward Current Account or Ultimate Reward Current Account but you do not move your account from another bank using the ‘Current Account Switch Service’ before the switching deadline.
• You’ve received a switching offer since April 2020 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 offer 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
• You are an employee of Lloyds Banking Group, or if an employee is named on any bank account held in joint names.

1. The offer applies to applications received in branch, online or by phone between the 12/07/2022 and the 05/09/2022. The offer is subject to change and can be withdrawn without notice at any time.
   
2. 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.
3. 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: https://www.halifax.co.uk/bankaccounts/overdrafts.html
4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
5. The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit. 

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
• ISAs
• 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.