Halifax has relaunched its £100 switching bonus for people that move their current account to the bank.
Available until the 2nd December, £100 will be credited to the new account on the day customers begin the switching process. This is unusual, as other banks that offer similar switching bonuses tend to wait a couple of months before handing over the cash.
The switching bonus first popped up in January and reappeared in June. It’s no doubt helped make Halifax even more popular, given it claims more than 220,000 people have moved their bank account to Halifax this year, up 54% on the same time last year.
I have a Halifax Reward account myself. So long as you pay in £1,000 a month, you get £5 cashback, no matter how much money you have left in the account at the end of the month.
There’s also the Ultimate Reward account, which offers worldwide multi-trip family travel insurance, mobile phone insurance and AA Breakdown Cover for £10 a month. The Ultimate Reward Account also comes with a £300 fee-free overdraft facility.
One other current account is offering a switching bonus at the moment, the 1st Account from First Direct. This pays £100 for taking out the account and a further £100 if you leave after a year if you’re not happy with the service.
With this account you’ll need to pay in £1,500 a month or have another First Direct product to avoid the £10 monthly charge. But you can rest assured that you’ll have the most popular bank account around – First Direct wins every award going when it comes to customer service.