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Halifax will soon be offering customers free £100 cash payment – are you eligible?

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Halifax will soon be offering customers free £100 cash payment - are you eligible?

The offer means Halifax customers who open a new Ultimate Reward Current Account from July 7 may be able to get a £100 payment. Switchers will need to open the new account through the Current Account Switch Service, and switch from a bank account held with another provider.

Martin Turner, Head of Personal Current Accounts, Halifax, said: “We’re excited to be re-introducing our £100 switching offer, this time for new customers of our Ultimate Reward Current Account.

“The account offers fantastic benefits and rewards – including insurance cover, lifestyle benefits, cashback and more.

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“The Current Account Switching Service makes it really easy to join us, transferring direct debits, standing orders and salary commitments, to your new account within seven days.”

New Ultimate Reward account holders will also benefit from a six-month fee free overdraft.

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The switching process takes seven days, and Halifax said customers will receive their £100 within that time.

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To qualify for the £100 offer, a new Ultimate Reward Current Account must be opened, and the customer must switch from a bank account held with another bank via the Current Account Switch Service.

A new Ultimate Reward Current Account must be applied for – a person cannot change their existing Halifax Current Account or Reward Current Account to an Ultimate Reward Current Account.

This must be opened between July 7 and August 3, and the switch service must be started by August 3, 2021.

Furthermore, a person won’t be eligible if, since April 2020, they’ve received a switching offer for switching to a Reward Current Account or Ultimate Reward Current Account.

People switching to a joint account, where one of the parties to the join account has already received a switching incentive since April 2020, also won’t qualify.

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Furthermore, a person won’t qualify if the bank they’re switching from doesn’t participate in the Current Account Switch Service.

Only one offer is available per customer, and joint accounts will only be eligible for one payment.

Author: Jess Sheldon
Read more here >>> Daily Express :: Finance Feed

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Halifax will soon be offering customers free £100 cash payment - are you eligible?
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