Current Accounts Product Details

Halifax

Reward Current Account - Funded

Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £0.01 per day for each complete £6.00 overdrawn.

General Account Details

Regular Funding/Income: Min £750.00 Per Month (Minimum two DD mandates on account pm and not gone overdrawn)
Min 18 Years
None
None
None

Account Management

  • Yes
  • No
  • Yes
  • Yes
  • Yes
  • Yes

Facilities

  • Yes
  • Yes
  • Yes
  • Yes
  • Visa
  • £500
  • Yes

Benefits

- Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card. Customers must be registered for Online Banking and hold a Halifax current account to be eligible.
£2.50 gross, £2 net, paid for each month where minimum funding requirement is met and 2 different D/D mandates held, account must be in credit at the end of each day or interest will be lost for that calendar month.
Cashback Extras - Earn a one-off cashback amount when take out a Direct Debit subscription with participating retailers. Customers must be registered for Online Banking and hold a Halifax current account to be eligible.
Up to £135 for accounts switched using Current Account Switching Service. £50 paid within 3 working days of completion, further £85 paid if account held for 6 months, £1.5K credited and debit card used at least once each month and registered for paper free statements and correspondence.

Credit Interest Rates

BalanceGross Rate %AER %
£1.00 +0.00% 0.00%

Arranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Day0.00%
£0.01 to £1250.00:- £0.01 per day for each complete £6.00 overdrawn. £1250.01 to £2500.00:- £0.01 per day for each complete £7.00 overdrawn. £2500.01 and over:- £0.01 per day for each complete £8.00 overdrawn
£0.01 and over:- £0.00 Per Request
£0.01 and over:- £0.00 Per Request
14:30 same day
N/A
N/A

Introductory Arranged Overdraft

0% for 6 months on balances of £0.01 and over (Fee waived for first 6 months) :- £0.00 Per Day

Unarranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Day0.00%
£0.01 and over:- £0.00 Per Day
£0.01 and over: £0.00
14:30 same day
N/A
N/A
£0.00

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide

  • 2.99% Charges levied at time of transaction / 2.99% Charges levied at time of transaction
  • £0.50 Charges levied at time of transaction / £0.50 Charges levied at time of transaction

Cash withdrawal in a foreign currency in Europe / Worldwide

  • 2.99% Charges levied at time of transaction / 2.99% Charges levied at time of transaction
  • £1.50 Charges levied at time of transaction / £1.50 Charges levied at time of transaction

Service Performance

The table below shows this provider's current account service performance.

The information shown covers all of their main current accounts, not just this specific account.

ServiceCompleted same day %Completed on average (days)Complete for 99% of customers
Open a current account*96% 0 days2 days
Get a debit card0% 5 days7 days
Get Internet banking26% 4 days7 days
Get an overdraft99% 0 days0 days
Replace a lost debit card0% 3 days11 days
* Once all requested documents and information have been received.
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