Charges and withdrawals.

This section tells you about the charges that apply to all of our savings accounts. 

Using cash machines for non-sterling cash withdrawals

If you use your Savings card to withdraw cash in a foreign currency, or to withdraw cash in pounds outside the UK, Visa will convert the amount into pounds the day the transaction is processed using the Visa Payment Scheme Exchange Rate. We will charge you a foreign currency transaction fee of 2.99% of the amount of the transaction. This is a fee for currency conversion. We will also charge a foreign currency cash fee of £1.50 for each withdrawal.

If you ask the cash machine operator/financial service provider to make the conversion, we will not charge you a currency conversion fee but we will charge a foreign cash fee of £1.50 for each withdrawal. The provider of the foreign currency may make a separate charge for conversion.

We won’t charge a foreign currency cash fee or a foreign cash fee if you:

  • withdraw euro within the EEA or UK; or
  • withdraw euro from outside the EEA or UK and the cash machine operator’s payment service provider is based in the EEA or UK.

To help you compare our Savings card currency conversion charges with other providers you can find the percentage mark up over the European Central Bank rates here.

Cash machines in the UK

We don’t charge you for taking money out of an Everyday Saver, Reward Saver, Young Saver, Liquid Gold, Guaranteed Saver, Web Saver variable with card or Instant Saver account at a Halifax LINK cash machine. Please note that if you make a withdrawal using a non-Halifax cash machine, the bank or building society who own the cash machine may charge you. The amount of any charge will be taken out of your account.

CHAPS fee

If you ask us to transfer money electronically from your account to another UK account using the CHAPS system we’ll charge you a fee of £25.

Copy statements

If you request a copy of a statement that has previously been issued to you, you may be charged a fee of £5 for each request. You won’t be charged this fee if you have a passbook or use online banking and are registered for paper-free statements or if you haven’t previously been sent the statement.

Foreign currency, travellers cheques and cross-border transfers

You may ask us to use a number of special services relating to foreign currency, travellers cheques and the telegraphic transfer of money abroad. Ask at any of our branches for detail.

International payments into your account

Payments in euro received from within the EEA or via SEPA Credit Transfer are not charged these fees.

Amount paid into your account Amount of fee
International payments into your account for £100 or less (after we’ve converted
the money into sterling)
£2  
International payments into your account over £100 (after we’ve converted the
money into sterling)
£7

The amount you pay will be calculated after we’ve converted the money into sterling.
We’ll do this on the day we pay it into your account.

International payments out of your account

We do not charge our fee for sending payments in euro. Our fee for all other payments is £9.50. If you share the international payment charges with the recipient, you will only pay the Halifax fee and the recipient will pay their bank’s charges and any agent bank charges that apply.

If you choose to pay both our charge and all agent bank charges, you will pay our charge and the Correspondent Bank Fee that replaces all agent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank:

Zone Correspondent Bank Fee
Zone 1 (USA, Canada and Europe (non-EEA)) £12
Zone 2 (rest of the world) £20

You will share international payment charges with the recipient when the payment is made:

  • in any currency using Online Banking; or
  • in any currency to a bank account in the EEA; or
  • in any EEA currency to a bank account in Switzerland, Monaco or San Marino.

Sharing the charges means you will pay our charge and the recipient will pay their bank’s charges and any agent bank charges that apply.

If you make any other international payment, you can choose either:
a) to share charges; or
b) to pay both our charge and all agent bank charges.

If you choose option b), you will pay our charge and the Correspondent Bank Fee that replaces all agent bank charges. The recipient bank may charge its customer a fee but we cannot provide information about such a fee. This payment type can only be made through one of our branches or telephone banking.

Overdrawn accounts

You shouldn’t allow your savings account to become overdrawn. If this does happen we won’t currently charge you any interest, but you should repay your overdrawn balance immediately.

Withdrawal by banker’s draft

You cannot withdraw any amount less than £500 from your savings account by banker’s draft.

Withdrawals

You can usually withdraw up to the normal daily cash limit of £2,500 a day per account from any of our branches, or up to £250,000 by counter cheque, subject to account conditions. If you want to withdraw more than these amounts in cash or by cheque, just let your branch know in advance.