Halifax current accounts for July 2020

We say
★★★★★
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You say
★★★★★
Customer satisfaction

Peace of mind of a big bank

Fairly run of the mill, nothing special about this!

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Types of current from Halifax

Halifax offers a solid basic current account plus a range of options for those who are looking for something a little what bit more sophisticated:

• Reward and incentive accounts

  Halifax has two different reward accounts: one that comes for free and even offers you a coffee every month (that is, it earns you £2) if you meet the requirements and one that is packed with benefits and perks in return for a monthly fee. However, the cashback they earn is limited to a restricted number of retailers, so you may want to compare current accounts to see if there’s a better deal available for you.
  Learn more about reward and incentive accounts

• Student accounts

  Halifax’s student account offers a respectable fee-free overdraft of up to £1,500, but it doesn’t have any special discounts or benefits, so it may be worth checking out the competition – student accounts are known for the wide range of perks they offer, including railway and coach cards and free Amazon Prime memberships.
  Learn more about student accounts

• Children’s accounts

  Halifax’s Expresscash account helps children between 11 and 17 to better manage their money and also treats them with a little interest rate on balances on top.
  Learn more about children’s accounts

The benefits of banking with Halifax

• Switching incentive. Switching incentives are an easy way to attract new customers, so if you’re unhappy with your current arrangement, why not give it a shot? Considering how savings accounts’ rates go these days, it’s probably the easiest way to get some decent cash out of your banking experience.
• Multiple ways to bank. Halifax has more than 600 branches in the UK, so chances are there’s one pretty close to your place. You can also bank on the phone, online or using the mobile app.
• Mobile banking app. Halifax’s mobile app is straightforward and easy to use. If you’re after advanced budgeting features, it isn’t the right place to look, but all in all, it does the job fine.
• Global acceptance. Halifax’s current accounts all come with a Visa debit card that is accepted pretty much anywhere in the world.
• A wide range of related products. Halifax also does savings accounts, credit cards, loans, mortgages, investments and insurance – so if you’re the all-in-one-place kind of customer, you can easily settle down and let Halifax handle the whole package.

Opening an account with Halifax

To open an account with Halifax, you’ll have to provide the following information:

• How much you expect to pay in each month
• Your employment status
• Your salary details and any assets you have
• Your nationality/citizenship
• Your residence status/tax residence status
• Proof of identity (passport or driving license)

You can open a Halifax account online or by visiting a branch.

Why should I compare current accounts anyway?

Current accounts aren’t all the same – they offer different features that can suit different needs. Do you dip into your overdraft quite often? Are you a frequent traveller who needs fee-free spending abroad and travel insurance? Are you after perks and rewards? There will be a choice of current accounts for any of these possibilities.

At the very least, it’s worth comparing switching incentives to see which account is the best one you can get.

What about digital banking?

If you don’t really care about in-branch banking and are more into advanced mobile apps that offer loads of spending control features, you may want to take a look at our digital banking section to find out what Monzo, Starling, Revolut and their smaller siblings have got in it for you.

Sort by:

Name	Product	Ratings	Interest (AER)	Arranged overdraft	Key benefits	Link	Representative example
Everyday Current Account		We say ★★★★★ You say ★★★★★	0%	39.94% EAR variable	Interest and fee free overdraft for first four months	Go to site	Up to 15% cashback at a range of major retailers Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.		loading Fetching your data...
Current Account - Age 18 and over		We say ★★★★★ You say ★★★★★	0.05%	15% EAR variable	Seamless easy switching within 7 days	Go to site	No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 15% EAR variable.		loading Fetching your data...
Activeplus		We say ★★★★★	0%	N/A	Guaranteed acceptance plus a credit building feature	Go to site	Account fee of £5.95 per month.		loading Fetching your data...
thinkmoney Managed Current Account - Managed Current Account		We say ★★★★★	0%	N/A	Guaranteed acceptance	Go to site	Earn cashback on your purchases when you shop through the ThinkMoney rewards portal Account fee of £10 per month or £15 per month.		loading Fetching your data...

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FAQs

• Can I have two Halifax current accounts?

  Yes! There’s no limit to the number of accounts you can open. Remember though to check out the competition and be wary of opening multiple accounts just to use features like overdrafts.

• Does Halifax pay interest on current accounts?

  At the moment only Halifax’s children account pays an interest on balances.

• What are Halifax's current account terms and conditions?

  After comparing current accounts on the dedicated section of Halifax’s website, pick the one you’re interested in and you’ll find the terms and conditions on the right side of the page, where it says “bank account getting started guide”.