Halifax launches £100 switching offer

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.”

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