Halifax current accounts for September 2020

Take advantage of Halifax's juicy switching incentive and enjoy a wide range of perks.

Updated

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Halifax
We say
★★★★★
Finder expert rating
You say
★★★★★
Customer satisfaction
Peace of mind of a big bank
Fairly run of the mill, nothing special about this!
Halifax offers a decent range of current accounts with all the benefits of a big bank, including multiple ways to bank, fraud protection and seven days a week customer service.
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Compare Halifax current accounts

Data indicated here is updated daily
Name Product Interest (AER) Arranged overdraft Key benefits Link Representative example
Ultimate Reward Current Account - with Reward Extras offer a
Halifax
0%
N/A
Free
View details
Current account switch service guarantee badge Account fee of £17 per month.
Current Account
Halifax
0%
39.9% EAR variable
Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.9% EAR variable.
Reward Current Account - Funded
Halifax
0%
39.9% EAR variable
Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.9% EAR variable. Account fee of £3 per month (Account fee waived if account credit with at least £1500 per month)..
Basic Account
Halifax
0%
N/A
Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card
View details
Current account switch service guarantee badge
Halifax
0%
39.9% EAR variable
Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.9% EAR variable.
Expresscash
Halifax
0.01%
N/A
N/A
View details
Current account switch service guarantee badge
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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.

Data indicated here is updated daily
Name Product Ratings Interest (AER) Arranged overdraft Key benefits Link Representative example
We say
★★★★★
You say
★★★★★
0%
39.9% EAR variable
£125 when you switch
Go to site
Current account switch service guarantee badge
Plus earn 2.75% AER / gross interest with the linked HSBC Regular Sever
To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months and must qualify for a minimum £1,000 arranged overdraft. To be eligible for the £125 switching offer, customers must switch from a non-HSBC Group current account product. Other T&Cs apply. Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 38.9% (0% EAR variable on first £25, 39.9% thereafter).
We say
★★★★★
You say
★★★★★
0%
15% EAR variable
Award-winning current account, apply in minutes
Go to site
Current account switch service guarantee badge
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.
We say
★★★★★
You say
★★★★★
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
Current account switch service guarantee badge
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.
We say
★★★★★
0%
N/A
Guaranteed acceptance plus a credit building feature
Go to site
Account fee of £5.95 per month.
We say
★★★★★
0%
N/A
Guaranteed acceptance
Go to site
Current account switch service guarantee badge
Earn cashback on your purchases when you shop through the ThinkMoney rewards portal
Account fee of £10 per month or £15 per month.
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