Halifax Current Accounts

It's not every bank that thanks you for being a customer. But Halifax isn't like most other banks. If you're looking for an account that rewards you for banking or simple overdraft fees to help you keep track of your finances then Halifax offer just that. Plus, switching to Halifax couldn't be easier with their dedicated switching team taking care of the move for you.

Compare Halifax current accounts - Ordered by interest rate (AER)

  1. Up to £160 reward

    Great for
    Earn up to £160 reward in the first year - made up of £100 for switching. Your switch is covered by the Current Account Switch Guarantee
    and 12 x £5 reward each month you pay in £750+, pay two different Direct Debits and stay in credit
    But be aware that
    To qualify for £100, use the Current Account Switch Service to transfer and close your old account held elsewhere. Excludes anyone who's had £100 for switching since Jan 2012
    Account terms and conditions apply
    • Provider/Product name Current Account

      Current Account

    • Overdraft Rate (EAR) Planned: £1 a day up to and inc. £1,999.99
    • Interest Rate (AER) 0.00%
    • Customer Service Rating
      Great
      45%
      OK
      43%
      Poor
      12%
    • Go to site

      Phone

      More details

    Great for
    A standard current account for your day-to day banking

    Representative Example:

    If you use a planned overdraft of £1,200, then Halifax will charge you £1 a day when you use it. Overdrafts are subject to status.

  2. £100 reward

    Great for
    £100 reward for switching. Your switch is covered by the Current Account Switch Guarantee
    Worldwide family travel insurance, car breakdown cover, mobile cover and more, provided by selected third parties
    But be aware that
    To qualify for £100, use the Current Account Switch Service to transfer and close your old account held elsewhere. Excludes anyone who's had £100 for switching since Jan 2012
    £15 monthly fee. This is reduced to £10 in each calendar month you pay in £750 or more, pay out two different Direct Debits and stay in credit

    Representative Example:

    If you use a planned overdraft of £1,200, then Halifax charge you a daily fee of £1. For Ultimate Reward Current Accounts, you will pay the higher monthly account fee of £15 rather than £10 if you use your overdraft. This means there will be an additional indirect cost of £5 if you use a planned overdraft on this account. Overdrafts are subject to status.

Halifax Current Accounts Guide

For this reason, their Reward and Ultimate Reward accounts could be ideal for those who need an easy way to manage their money, but might also want a little extra.

The Halifax Reward Current Account gives you £5 for each month you pay in £750, pay out at least two monthly direct debits and stay in credit. If you use an overdraft, you'll find the fees simple to understand as they are worked out using daily fees rather than monthly interest rates.

As if that wasn’t enough, they also have an account with even more. The Halifax Ultimate Reward Current Account gives you all the above, but goes even further with worldwide multi-trip and family travel insurance, AA Breakdown Cover and mobile phone insurance. Customers could also get a £300 fee-free overdraft (subject to Halifax's credit checks). While the account costs you £15 a month, as long as you pay in £750 or more, pay out at least two monthly direct debits and stay in credit it gives you £5 back each calendar month so the figures really stack up.

Halifax also rewards their current account customers with a collection of unique offers as part of their 'Halifax Rewards' programme. These offers are designed exclusively for people who have their main current account with them. There are offers giving you better deals on savings, mortgages and more for customers who pay in £750 or more each month or hold an Ultimate Reward Current Account.

So, no matter what type of Halifax current account you choose, you can always trust them to give you extra. They also have a dedicated switching team to help make moving your current account to them easier. With no daily fees payable for 6 months on planned overdrafts and a team to transfer all your direct debits and standing orders, switching your current account has never been simpler!

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