Halifax

Halifax was founded in 1853 in Halifax, West Yorkshire. It was originally formed as the Halifax Permanent Benefit Building and Investment Society and became a publicly limited company in 1997.


In 2009 it became a subsidiary of Lloyds Banking Group. Lloyds Banking Group is listed on the London Stock Exchange and is a member of the FTSE 100.


As well as the Lloyds and Halifax brands, the group also owns Bank of Scotland, MBNA, Scottish Widows and Birmingham Midshires.

Halifax offers a wide range of banking products, including current accounts, savings accounts, mortgages and personal loans. It also offers credit cards and several insurance products.


Halifax
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Bank accounts

Ranked 10th of 28 providers reviewed.

Customer happiness 61.9%
Customer trust 57.54%
Complaints performance 70.65%
Transparency rating 81.46%
Fairer Finance score
Reviewed Autumn 2022
68%
Gold ribbon: first place

Breakdown Cover

Ranked 8th of 25 providers reviewed.

Customer happiness 60.33%
Customer trust 62.5%
Complaints performance 64.2%
Transparency rating 64.98%
Fairer Finance score
Reviewed Autumn 2022
64%

Car insurance

Ranked 24th of 52 providers reviewed.

Customer happiness 56.83%
Customer trust 53.46%
Complaints performance 79.63%
Transparency rating 73.88%
Fairer Finance score
Reviewed Autumn 2022
66%
Gold ribbon: first place

Credit cards

Ranked 7th of 31 providers reviewed.

Customer happiness 59.18%
Customer trust 56.22%
Complaints performance 70.64%
Transparency rating 73.26%
Fairer Finance score
Reviewed Autumn 2022
65%
Gold ribbon: first place

Home Emergency Cover

Ranked 4th of 24 providers reviewed.

Customer happiness 54.13%
Customer trust 58.68%
Complaints performance 76.89%
Transparency rating 74.7%
Fairer Finance score
Reviewed Autumn 2022
66%

Home insurance (building and contents)

Ranked 22nd of 48 providers reviewed.

Customer happiness 56.86%
Customer trust 56.02%
Complaints performance 69.57%
Transparency rating 78.16%
Fairer Finance score
Reviewed Autumn 2022
65%

Investing and pensions

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Go there now to find out how we rated this product.

Mortgages

Ranked 11th of 23 providers reviewed.

Customer happiness 58.97%
Customer trust 54.22%
Complaints performance 80.19%
Transparency rating 62.31%
Fairer Finance score
Reviewed Autumn 2022
64%
Gold ribbon: first place

Personal loans

Ranked 6th of 26 providers reviewed.

Customer happiness 64.2%
Customer trust 61.16%
Complaints performance 70.64%
Transparency rating 77.88%
Fairer Finance score
Reviewed Autumn 2022
68%

Savings Accounts

Ranked 29th of 50 providers reviewed.

Customer happiness 46.93%
Customer trust 56.87%
Complaints performance 70.64%
Transparency rating 78.22%
Fairer Finance score
Reviewed Autumn 2022
63%

Bank accounts

Basic bank accounts

Halifax

Basic Account

5 stars
Cash withdrawal fee in UK (own bank) i £0.00
Annual fee i £0.00
Part of FSCS i
Faster Payment limit i £50,000.00
Maximum cash machine withdrawal per day i £500.00

Current accounts

Halifax

Reward Current Account

5 stars
Annual fee i £36.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Halifax

Current Account

4 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £500.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Halifax

Reward Current Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Student Current Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Reward Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Ultimate Reward Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Current Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Student Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Basic Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Current Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Halifax

Ultimate Reward Current Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Overdrafts

Halifax

Reward Current Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Halifax

Ultimate Reward Current Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Halifax

Current Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0.00
Arranged overdraft interest rate (representative EAR) i 39.9%

Premium bank accounts

Halifax

Ultimate Reward Current Account

5 stars
Add-ons, cashback and rewards i AXA Worldwide travel insurance (including winter sports) for holder & family; LSG Mobile phone insurance; AA family breakdown cover (UK); IPA Home emergency cover, £5 reward each month
Part of FSCS or international equivalent i

Student bank accounts

Halifax

Student Current Account

4 stars
Arranged overdraft limit i £1,500.00
Tiered repayment of overdraft i
Switching / sign up incentive i

Car insurance

Halifax

Car Insurance

2 stars
Cover limit for lost keys i £0.00
Courtesy car for duration of repair i
Uninsured driver promise i
Cover for replacing original audio/visual equipment i Unlimited
Windscreen repair excess i £0.00
Windscreen replacement excess i £75.00
Repairs guarantee (years) i 3 years
New car replacement i
Cover limit for stolen keys i £500.00
24hr helpline available i
Courtesy car provided if stolen / total loss i
Vandalism i

Credit cards

0% balance transfer credit cards

Halifax

Longest 0% Balance Transfer

3 stars
Duration of 0% balance transfer offer period i 29 or 14 months
Balance transfer fee during promotional period i 3.49%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 3.49%
Representative balance transfer rate i 1.736%
Risk based? i

Halifax

0% Purchase and Balance Transfer

3 stars
Duration of 0% balance transfer offer period i 17 or 12 months
Balance transfer fee during promotional period i 2.99% or 3.49%
Representative APR i 22.9%
Balance transfer rate during promotional period i 0%
Highest balance transfer fee during promotional period (%) i 3.49%
Representative balance transfer rate i 1.736%
Risk based? i

0% purchase credit cards

Halifax

0% Purchase and Balance Transfer

4 stars
Duration of purchases offer period i 17 or 12 months
Representative APR i 22.9%
Highest APR i 28.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.736%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Halifax

Longest 0% Balance Transfer

3 stars
Duration of purchases offer period i 9 or 6 months
Representative APR i 22.9%
Highest APR i 28.9%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.736%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Cashback and reward credit cards

Halifax

Cashback Credit Card

2 stars
Reward extras i
Representative APR i 0.229%
Risk based? i
Annual fee in first year i £0.00
Annual fee after first year i £0.00
Foreign purchase fee i 2.95%

Foreign use credit cards

Halifax

Clarity

4 stars
Foreign purchase fee i 0%
Foreign withdrawal fee i 0%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.736%

Halifax

Halifax Credit Card

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 10.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 0.869%

Halifax

Longest 0% Balance Transfer

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.736%

Halifax

0% Purchase and Balance Transfer

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 22.9%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.736%

Low rate credit cards

Halifax

Halifax Credit Card

2 stars
Representative APR i 10.9%
Highest APR i 17.9%
Representative purchase rate i 0.869%
Risk based? i
Representative balance transfer rate i 0.869%
Representative money transfer rate i 0.869%

Money transfer credit cards

Halifax

Halifax Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 10.9%
Risk based? i
Representative cash transaction interest rate i 0.869%

Halifax

Clarity

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 1.736%

Halifax

Longest 0% Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 1.736%

Halifax

0% Purchase and Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 22.9%
Risk based? i
Representative cash transaction interest rate i 1.736%

Home insurance (building and contents)

Halifax

Halifax insurance Gold

4 stars
Matching sets (Contents) i
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £500.00
Garden plants i £1,000.00
Alternative accommodation cover limit for contents i £30,000.00
Alternative accommodation cover limit for buildings i £100,000.00
Cover for keys if lost i £1,000.00
Money in the home i £500.00
Replace belongings new for old i
Buildings Cover limit i
Contents Cover limit i
24hr helpline i
Temporary freezer storage
Dual Contents i
Business Equipment
Personal possessions cover whilst living in a nursing home or residential care setting i
Medical Equipment Loan i
Theft from bogus officials i

Halifax

Halifax Insurance Bronze

3 stars
Matching sets (Contents) i
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £500.00
Garden plants i £1,000.00
Alternative accommodation cover limit for contents i £30,000.00
Alternative accommodation cover limit for buildings i £100,000.00
Cover for keys if lost i £1,000.00
Money in the home i £500.00
Replace belongings new for old i
Buildings Cover limit i
Contents Cover limit i
24hr helpline i
Temporary freezer storage
Dual Contents i
Business Equipment
Personal possessions cover whilst living in a nursing home or residential care setting i
Medical Equipment Loan i
Theft from bogus officials i

Halifax

Halifax insurance Silver

3 stars
Matching sets (Contents) i
Theft from outbuildings cover limit i £5,000.00
Escape of water excess i £500.00
Garden plants i £1,000.00
Alternative accommodation cover limit for contents i £30,000.00
Alternative accommodation cover limit for buildings i £100,000.00
Cover for keys if lost i £1,000.00
Money in the home i £500.00
Replace belongings new for old i
Buildings Cover limit i
Contents Cover limit i
24hr helpline i
Temporary freezer storage
Dual Contents i
Business Equipment
Personal possessions cover whilst living in a nursing home or residential care setting i
Medical Equipment Loan i
Theft from bogus officials i

Buildings insurance

Halifax

Halifax Insurance Bronze

4 stars
Trace and Access i £5,000.00
Cover for keys if lost i Sum insured
Matching sets i
Rainfall (mm) i Not Defined
Alternative accommodation cover limit i £100,000.00
Cover for keys if stolen i Sum insured
Compulsory excess i £100.00
Escape of water excess i £500.00
24hr helpline i
Property owner liability i £2,000,000.00

Halifax

Halifax insurance Silver

4 stars
Trace and Access i £5,000.00
Cover for keys if lost i Sum insured
Matching sets i
Rainfall (mm) i Not Defined
Alternative accommodation cover limit i £100,000.00
Cover for keys if stolen i Sum insured
Compulsory excess i £100.00
Escape of water excess i £500.00
24hr helpline i
Property owner liability i £2,000,000.00

Halifax

Halifax insurance Gold

4 stars
Trace and Access i £5,000.00
Cover for keys if lost i Sum insured
Matching sets i
Rainfall (mm) i Not Defined
Alternative accommodation cover limit i £100,000.00
Cover for keys if stolen i Sum insured
Compulsory excess i £100.00
Escape of water excess i £500.00
24hr helpline i
Property owner liability i £2,000,000.00

Contents insurance

Halifax

Halifax insurance Gold

4 stars
Matching sets i
Cover for keys if lost i £1,000.00
Theft from outbuildings cover limit i £5,000.00
Cycles included whilst in the home i Part of sum insured
Replace belongings new for old i
Cover for keys if stolen i £1,000.00
Money in the home i £500.00
Alternative accommodation cover limit i £30,000.00
24hr helpline i

Halifax

Halifax Insurance Bronze

3 stars
Matching sets i
Cover for keys if lost i £1,000.00
Theft from outbuildings cover limit i £5,000.00
Cycles included whilst in the home i Part of sum insured
Replace belongings new for old i
Cover for keys if stolen i £1,000.00
Money in the home i £500.00
Alternative accommodation cover limit i £30,000.00
24hr helpline i

Halifax

Halifax insurance Silver

3 stars
Matching sets i
Cover for keys if lost i £1,000.00
Theft from outbuildings cover limit i £5,000.00
Cycles included whilst in the home i Part of sum insured
Replace belongings new for old i
Cover for keys if stolen i £1,000.00
Money in the home i £500.00
Alternative accommodation cover limit i £30,000.00
24hr helpline i

Investing and pensions

Fund and Share Accounts (for high frequency trading)

Halifax

Share Dealing Account

2 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment 2% (Max £9.50)
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00
App available i
Charge for telephone/postal share dealing £25.00

Fund and Share Accounts (for low frequency trading)

Halifax

Share Dealing Account

4 stars
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for automatic reinvestment 2% (Max £9.50)
Charge for telephone/postal share dealing £25.00
App available i
Charge for transferring cash to another platform £0.00
Early Account Closure Fee (12 months or less) £0.00
Inactivity Charge £0.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Same Day Payment Charge £0.00
Cost of receiving paper statements for a year £0.00

Self-invested Personal Pensions (SIPPs)

Halifax

Halifax Share Dealing SIPP

3 stars
Account closure fee £90.00
Charge for transferring investments to another platform i £0
Charge for automatic reinvestment 2% (Max £9.50)
Charge for transferring cash to another platform i £0.00
Early Account Closure Fee (12 months or less) £300.00
Charge for selling holdings if not enough money in account to pay other charges £9.50
Charge for telephone/postal share dealing £25.00
Cost of receiving paper statements for a year £0.00
Charge for writing to a third party to confirm the value of the account (Including probate valuations) £0.00