The £125 Halifax Current Account offer is back on. Swap your current account to the Halifax and you could earn £125 within just seven days. Plus, you could earn £3 per month with their reward account.
Swapping current accounts is no longer the chore it used to be. And not only that, many banks now offer a cash incentive for you to switch.

Ask yourself “What has my bank done for me recently?” If it’s very little, then now might be a great time to swap providers.

Halifax has recently reintroduced their great incentive – swap your current account to them and receive £125. Unlike most banks, they will pay you within just seven days of your switch.

What do I need to do?

Taken from the Halifax website (the grammatical error is theirs, not mine)…

To qualify for the £125 switching offer (“the offer”) you must use the ‘Current Account Switch Service’ and meet the following conditions:

• Use the ‘Current Account Switch Service’ to switch into an open new or existing Reward Current Account, Ultimate Reward Current Account (£15 monthly fee), or an existing Current Account if opened before 3rd December 2016.
• Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank and close this account.

Any other perks?

The Halifax Reward Account offers you £3 per month if you pay in £750 per month, have two direct debits and stay in credit. £3 might not sound like a lot, but with average ISA rates standing at just 1%, you would need £3000 in savings to earn the equivalent amount of interest.

The Ultimate Reward Account comes with a fee of £15 per month (which can be reduced to £12) but offers other incentives, such as travel and phone insurance. Whether this is suitable for you depends on how much you need and pay for these extras currently.

Is it worth it?

Of course. You could be £125 better off in a week from less than 30 minutes work. I have had a Halifax Reward Account for well over a year and think it’s a great account. This offer is only available a couple of times every year, so it’s worth grabbing when it’s on. At the moment, it’s due to end 19th March 2018.

Take a look at the Halifax website to find out more.

If you’re still unsure or want to find some other switching offers, find out more about bank account switching.