Halifax current accounts for January 2023

Halifax offers a decent range of current accounts with all the benefits of a big bank, including multiple ways to bank and 6 days a week customer service.

Compare Halifax current accounts

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Name	Product	Ratings	Account fees	Funding requirement	Interest (AER)	Arranged overdraft	Incentive	Representative example	Link
Basic Account Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0%		Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card.		View details		loading Fetching your data...
Current Account Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0%	39.9% EAR variable	Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card.	Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.9% EAR variable.	View details		loading Fetching your data...
Ultimate Reward Current Account - with Reward Extras Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£17 per month	No minimum funding requirement	0%	N/A	Free travel accident insurance – covers account holder and family.		View details		loading Fetching your data...
Reward Current Account - Funded Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£3 per month (Account fee waived if account credit with at least £1500 per month).	No minimum funding requirement	0%	39.9% EAR variable	Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card.	Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.9% EAR variable.	View details		loading Fetching your data...
Smart Spending Account - Age 11-15 Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0%		The linked savings account will earn 2% AER/gross variable interest on balances of £1 to £1,000.		View details		loading Fetching your data...
Expresscash Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0.5%				View details		loading Fetching your data...
Student Finder Award		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0.1%	39.9% EAR variable	Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card.	Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.9% EAR variable.	View details		loading Fetching your data...

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Types of current account from Halifax

Halifax offers a free everyday current account, plus a range of options for those who are looking for something more specific:

• Reward and incentive accounts

  Halifax has two different reward accounts that come with various 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 come with any freebies, so it may be worth checking out the competition – some student accounts offer incentives such as railcards and retail discounts.
  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 to a small interest rate on balances.
  Learn more about children’s accounts

The benefits of banking with Halifax

• Switching incentive. Halifax occasionally offers an account switching incentive, so if you’re unhappy with your current provider, why not give it a shot? Considering how low most savings accounts rates are 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 500 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.

Our verdict

Halifax offers rewards with some of its current accounts, but they might not be as eye-catching as others on the market. Make sure to look around and find the best account for your needs. If Halifax’s current accounts are not for you, you can also compare other current accounts here.

Frequently asked questions

• Does Halifax pay interest on current accounts?

  At the moment only Halifax’s children account and student account pay an interest on in-credit balances.