Reward Current Account => £750 per month - Halifax

Reward Current Account => £750 per month

Halifax
0 % AER
Headline Interest Rate
£ 125
Switching bonus
  • Overdraft facility
  • Customer rating: 4.26 (out of 5)
  • No monthly charge
  • Minimum Monthly Credit: £ 750
    • Open by:

This account may be appropriate for you if

  • You can deposit at least £ 750 per month
  • You are older than 18

Switching bonus

Member of Current Account Switching Service: No
Maximum Switching Bonus: 125
Switching Bonus Conditions: £125.00 cash for switching to Halifax from another provider, using the switching service, transferring all active credits and debits from the current account with the other provider and closing that account. Terms and conditions apply.
Match Current Overdraft Offer: Yes

Credit Interest

Annual Interest Paid By Balance:
BalanceAnnual Interest Paid
£ 5000 %
£ 1,0000 %
£ 5,0000 %
£ 10,0000 %
£ 25,0000 %
Headline Interest Rate: 0 % AER
Monthly Reward: £ 3
Reward Conditions: Customers will receive a net monthly payment of £3 providing the account is credited with a minimum of £750 per month and remains in credit throughout the previous month, has a minimum of two different direct debit mandates from the account for each calendar month and the account does not have a debit balance at the end of any day during the calendar month.

Overdrafts

Cost of Authorised Overdraft:
ScenarioCost
£ 250 overdrawn by 5 days£ 5
£ 500 overdrawn by 10 days£ 10
£ 1,000 overdrawn by 30 days£ 30
Overdraft Available: Yes
Authorised Overdraft Rate: 0 % (equivalent to 0 % per month)
Unauthorised Overdraft Rate (APR/EAR): Unauthorised drafts not permitted
Overdraft Fees Apply From: £ 50 overdrawn
Cost of Unauthorised Overdraft: £5 per day
Cost of £100 Overdraft Breach for 10 Days: £ 50

Payment options

ATM Card
Cheque Bookoptional
Passbook
Debit CardVisa
Standing Order
Direct Debits

Access and usage

Banking by
Bank
Post
Phone
Internet
Maximum ATM Withdrawal: £ 500

Perks

Preferential rates onloan, credit card
Prepaid card
Home emergency cover
Extended warranty cover
Airport lounge access
Preferential travellers money rates
Preferential travellers cheque rates
Free life insurance
Free home insurance
Free car insurance
Breakdown cover
Voucher and discount deals
Entertainment deals
Mobile phone cover

Charges

Charges for Unpaid Items: None
Charges for Paid Items: None

Cost Abroad

ATM Charge Europe: £ 2 when withdrawing the equivalent of £ 100
ATM Charge World: £ 2 when withdrawing the equivalent of £ 100
Debit Card Charge Europe: £ 2
Debit Card Charge World: £ 2

Additional Charges

Charge for Replacement Statement: £ 5
ATM Withdrawal Charge: £ 0
Bankers Draft Charge: £ 20
Special Clearance Charge: £ 10
Charge For Cheque Receipts: £ 0
Bankers Reference Charge: £ 10
CHAPS Charge: £ 25
Charges For Cancelled Cheques: £ 10

Moneywise Best Buys

Current Accounts

ProductAER
Bank of Scotland Vantage Classic Account - Bank of Scotland2%
Nationwide FlexDirect - Nationwide Building Society5%
Current Account - Tesco Bank3%
TSB Classic Plus - TSB3%

Customer ratings

About the bank

  • Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
  • Banking Licence Held By: Bank of Scotland plc