No more £5 cash for Halifax Reward customers

30 June 2025, 14:52

Halifax has stopped offering big incentives from its reward current account scheme, including £5 cash per month.

The bank is no longer offering the fiver, nor a free cinema ticket or digital magazine, which were offered to customers once per month if they met certain conditions.

Since June 17, the Halifax Reward offer has been discontinued, with the bank stating that most holders did not select their reward - which was given every month after being chosen.

Read also: All the banks that Halifax is closing

Customers who signed up for the reward before the cut off date will still receive the benefit until September 30, providing you either spend more than £500 on your debit card or keep at least £5,000 in the account every day.

Any remaining rewards will be given by the end of October to last for the rest of the year - be that £15 in cash or cinema vouchers valid for a further 12 months. Anyone who selected the digital magazine option will be reimbursed with the £5 per month.

“If you're due any monthly rewards, you should keep the account open until at least the end of October, when any remaining rewards will be paid out,” is the advice given to customers from Money Saving Expert.

Halifax has continued its reward current account with some added perks, including free transactions abroad. From October 1, you could start earning monthly credit interest on balances up to £5,000.

The account is £3 per month to hold unless you are depositing at least £1,500 per month - something that has not changed.

Halifax is also closing its Savers Prize Draw form September, which gave users the chance to win £100,000 every month.