Latest data shows Halifax remains a top choice for switchers

23 April 2015

Halifax tops tables three of four quarters of the first year of the Current Account Switch Service

Halifax was the most switched to bank on the high street between July and Sept 2014 according to official figures released today by the Payments Council. The switching data, published six months in arrears, shows that Halifax has been top for switching three out of four quarters since the launch of the Current Account Switching Service (CASS) in September 2013. In total, over 250,000 customers switched to Halifax in the first 12 months of the CASS.

Customers switching to the Halifax Reward Current Account can currently earn over £200 in rewards during the first year, including:

  • Up to £125 extra for customers switching via the Current Account Switch Service and closing their old account held elsewhere. Halifax is only bank that makes this payment within three working days of the switch completing.
  • 12 x £5 monthly reward payments when customers pay in £750, pay out two direct debits and stay in credit each month
  • Around £50 in Cashback Extras over a year.

Nick Young, Head of Halifax Current Accounts, said: “We are delighted that Halifax remains such a popular choice for customers looking for a rewarding current account. Being top three out of the four quarters of the first year of the Current Account Switch Service is evidence of the extra value we deliver to our customers.

“Our focus very much remains on continuing to reward our customers, making banking with us extra easy and providing the highest levels of customer service. We are confident that many more customers will continue to choose Halifax to meet their banking needs.”