How switching your bank account could put an extra £100 in your pocket

We could all do with a hand in managing our money, especially at the end of January when finances can be tight. Getting a new bank account that gives you £100 upfront when you switch could be just the helping hand you need.

Halifax is the only bank offering £100 to new current account customers on the same day [note 1] they make the switch in person at a branch. Successful applicants who switch by telephone or online will also receive £100, usually about three working days after the application has been made.

If you're reluctant to switch current accounts - maybe because you think it will be a major hassle with all those standing orders, direct debits and mortgage payments to transfer - you might be surprised by how easy it can be. Halifax's dedicated switching team can take care of all the hard work for you, from transferring your balance to switching over all your standing orders and direct debits. In fact, last year over 200,000 people [note 2] made the move to Halifax after switching from other banks.

Those switching to Halifax will benefit from one of the most innovative product ranges available on the high street. The Reward Current Account offers customers a monthly £5 reward [note 3] each calendar month they pay in £1000 or more, an equivalent of up to £60 each year.

As you can see, switching your bank account could leave you better off over the coming months. Why not take some time to see if switching to Halifax could help you get your finances back on track this year? The £100 switching offer is available up to 19th February 2012.

[note 1] 'Only Halifax gives you £100 the day you switch' source: Moneyfacts.co.uk 01/12/11.

[note 2] 'Over 200,000 people' data sourced from internal Automated Switching Report covering the period 10th October to 11th September.

[note 3] Reward Current Account customers receive £5 (net) / £6.25 (gross) monthly - reward paid net of income tax (at the rate specified by law, currently 20%). Higher rate taxpayers may need to pay additional tax on the reward.