You are here: Home - Saving & Banking - News -

Halifax cuts current account switching offer to £75

0
Written by: Paloma Kubiak
01/02/2017
Anyone switching their current account to Halifax from March will receive just £75 cashback, down from £100.

Halifax is the latest provider to scale back cash perks used to tempt in new current account customers.

From 1 March, customers using the Current Account Switch Service (CASS) to move their bank account to Halifax will be eligible to receive £75.

Halifax said the switching incentive will allow it “to keep its switching package competitive and attractive within the current economic climate.”

And from today, existing Halifax current account customers will see the amount credited to their account each month cut from £5 to £3. To qualify for the ‘reward’ customers must deposit a minimum of £750 a month, have two direct debits and stay in credit each month.

Russell Galley, managing director of Halifax, said: “We believe it is not only our competitive switching offer but also the high levels of service we deliver which encourages customers to make the move to Halifax.

“Since the introduction of CASS, we have been a market leader with more than 700,000 customers making the switch to Halifax. We’re telling people about the change now in order to give them a chance to make the switch before 1 March.”

Online and mobile banking customers can continue to earn up to 15% cashback with retailers through the bank’s cashback extras scheme.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2307774-woodford-neil1
Neil Woodford to launch higher income fund

Star fund manager Neil Woodford is to launch a new higher income equity fund in March.

Close