This is a very basic UK personal current account from the Halifax (which is a division of the Bank of Scotland). Bank of Scotland is owned by Lloyds Banking Group. The account doesn’t provide a full Visa debit card but instead just the Visa Electron type which might be an issue with some customers. It is aimed at over 16s who want a no frills account or for those who might find it difficult getting an account elsewhere because of their previous bad credit history.
What Halifax offers:
- A basic personal account for those resident in the UK.
- Most bad credit accepted.
- Discharged bankrupts can apply provided they have a letter of discharge with it’s original seal (must apply by post).
- Branches in most parts of the UK.
- Visa Electron debit card.
- Direct Debits and Standing Orders.
- Internet and telephone banking.
- Mobile text alerting service.
- Pay in benefits or salary.
- Deposit cheques and cash using express pay-in boxes and immediate deposit machines.
- Ability to withdraw up to £300 in cash from any Halifax or Bank of Scotland cash machine or ATM displaying the LINK symbol.
- Withdraw up to £2500 cash in a branch.
- Free cash withdrawals of up to £300 at Post Offices where one can also pay in cheques, cash and obtain balance enquiries.
- £10 buffer zone. This means it is possible to go overdrawn by up to £10 without attracting any overdraft charges.
- Paper or online statements.
- No monthly fees.
- The account has no charges when run responsibly.
- No overdrafts are available and there is no cheque book.
- Can’t deposit cash or cheques, obtain a balance enquiry or withdraw less than £300 (unless balance is £10 or less) at a branch counter.
- May be charged if using a non-Halifax or Bank of Scotland cash machine.
- No CIFAS fraud flags are allowed.
- No undischarged bankrupts.
- No one with an IVA (individual voluntary arrangement), an interim arrangement or administration order can open an account.
- A ‘returned item fee’ is payable if the payment of a Direct Debit or Standing Order cannot be made due to lack of funds.
Proof of ID and address is required.
No interest is earned on this account.
Some of the fees for this Halifax basic account include:
Returned item fee £10 (up to 3 times per day).
Special presentation of cheque £10.
Banker’s draft £20.
Bank reference £10.
CHAPs payment £20.
International payments into account over £100 £7.
Click on button below to go to Halifax Easycash account page.