Thursday April 2, 2020

Halifax eyes cash incentives for customers

The country’s main banks are preparing themselves for a major swoop by Halifax that could see the new entrant offer cash payments of up to €150 to customers who switch their current accounts.

17th February, 2007

The move to offer a cash incentive to transfer accounts to Halifax would represent the most aggressive push in the battle for current account customers since new industry rules to encourage switching were introduced in 2005.

Halifax, which traded as Bank of Scotland (Ireland) until recently, began rolling out its Irish branch network from scratch a little over a year ago. Its product range had been confined to mortgages, personal loans and savings offerings, as technical...

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