Halifax current accounts for January 2021

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

Updated

Fact checked
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!
Data indicated here is updated regularly
Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
Halifax
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
£0
No minimum funding requirement
0%
N/A
Cashback Extras - Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card.
View details
Halifax
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
£0
No minimum funding requirement
0.5%
N/A
View details
Halifax
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
£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
Halifax
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
£17 per month
No minimum funding requirement
0%
N/A
Free.
View details
Halifax
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
£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. Account fee of £3 per month (Account fee waived if account credit with at least £1500 per month)..
View details
Halifax
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
£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
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Compare up to 4 providers

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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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.

Our verdict

Halifax offers rewards with 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.

FAQs

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We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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