Halifax Launches £100 Switching Offer | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 07/04/2021

From today, consumers can earn £100 in cashback simply by switching to a Halifax Reward Account or Ultimate Reward Current Account using the Current Account Switching Service.

In addition to the £100 cashback, eligible customers that switch to the Halifax account can also choose from one additional reward from the following:

  • Stream two movies a month throughout the year, worth up to £120
  • One free cinema ticket a month at Vue cinemas
  • A choice of three digital magazines from a host of well-known titles
  • Or a £5 monthly reward.

The Halifax Reward Current Account allows customers to earn up to 15% cashback from selected retailers when using their card. To qualify for the rewards, customers must pay £1,500 into the account each month, stay in credit and either spend £500 on their debit card or maintain a balance of £5,000 each month – if this criteria is not met, the account charges a monthly fee of £3.

The Ultimate Reward Current Account also enables customers to earn 15% cashback from selected retailers, as well as a range of additional benefits including worldwide travel insurance and mobile phone insurance. This account charges a monthly fee of £17.

Commenting on the launch of the switching offer, Martin Turner, head of personal current accounts at Halifax, said: “Our Reward and Ultimate Reward accounts are already a popular choice for switchers, and now new applicants will receive £100 when they switch to us using the industry switching service. Both continue to reward customers with a choice of fantastic lifestyle benefits, from monthly movie streams to magazine downloads.”

Other switching offers currently available

Along with this switching offer from Halifax, HSBC, first direct and Virgin Money are also offering switching offers.

Bank and account name Switching offer and requirements* Find out more
HSBC Advance and Premier Bank Account £125 for new accounts when a minimum of two direct debits or standing orders are switched using the Current Account Switching Service within 30 days of opening. Go to provider’s site.
first direct 1st Account

£100 for accounts switched using the Current Account Switching Service.

Must pay in at least £1,000 within three months.

See our bank accounts chart.
Virgin Money M Plus Account 12 bottles of luxury wine from Virgin Wines and £50 to donate to any Virgin Money Giving charity OR 15,000 Virgin Red points for accounts using the Current Account Switching Service. Customers also need to register for the mobile app, set up two direct debits and pay at least £1,000 into a linked savings account with 31 days of opening the Current Account. See our bank accounts chart.

For information about switching bank accounts, read our guide on how to switch current accounts.

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