Halifax Bank Reviews, Features, Pros & Cons

Halifax Bank

A retail bank with its headquarters in the UK is called Halifax Bank. Originally named the Halifax Permanent Benefit Building and Investment Society, it was founded in 1853 and eventually changed its name to the Halifax Building Society.

Halifax Bank provides various financial services, such as mortgages, current accounts, savings accounts, credit cards, loans, insurance, and investment possibilities.

Keep reading, as the remaining part of this article will shed more light on what Halifax Bank is.p

Overview of Halifax Bank

Halifax is a British bank formerly known as the Halifax Building Society. It is named for the West Yorkshire town, where it was established as a building society in 1853. The institution is a trading arm of the Bank of Scotland. In 1924, the first office in London was established.

The most prominent building society in the UK by 1913 was Halifax, and it maintained this position until it was demutualized in 1997. It has now evolved into Halifax PLC. Then, in 2001, Halifax and Bank of Scotland combined to establish HBOS.

Five years later, the company underwent a reorganization, and Halifax was now part of Bank of Scotland. 2009 Lloyds TSB acquired HBOS, and Bank of Scotland and Halifax joined the Lloyds Banking Group.

Advantages of Halifax Bank

Customers of Halifax Bank, which is a subsidiary of the Lloyds Banking Group, can choose from a variety of financial services and goods. The following are some benefits of Halifax Bank:

• Established and Trustworthy: The Halifax Bank is one of the oldest and most reputable banks in the UK, with a rich history that dates back to 1853. The Lloyds Banking Group, one of the nation’s biggest and most famous banking firms, includes it. Customers are confident in the bank’s financial services due to its lengthy history and stability.
• Comprehensive Product Portfolio: Halifax Bank provides a wide range of financial services to meet various customers’ demands.
• Among them are current accounts, savings accounts, home loans, individual loans, credit cards, insurance, investments, and more. Customers can access a variety of financial solutions under one roof thanks to the bank’s diversified services.
• Digital Banking: Halifax Bank has invested heavily in its digital banking platforms, giving consumers simple and easily accessible banking services. Customers may conveniently manage their finances from anywhere at any time using their mobile banking app and online banking, which offer features including balance inquiries, fund transfers, bill payments, and transaction history.
• Branch Network: Halifax Bank offers customers access to in-person assistance and services through a sizable branch network across the UK. Customers that prefer face-to-face encounters may benefit from this physical presence, particularly for complex financial transactions or queries.
• Rewards: Halifax Bank provides its clients with various tips and incentives. For instance, they offer a cashback program where clients can receive rewards for regular purchases at participating businesses.
• Mortgage Solutions: The Halifax Bank is renowned for its mortgage products. They offer a variety of mortgage products, such as fixed-rate mortgages, tracker mortgages, and mortgages for first-time homebuyers. The bank’s committed staff of mortgage experts is available to offer direction and help throughout the mortgage application process.
• Support for customers: Halifax Bank is dedicated to offering top-notch customer support. They provide a variety of ways for customers to contact them, including through phone, email, and social media. Customer service representatives from the bank are ready to help with general banking assistance, account-related questions, and problem-solving.

Services and Products from Halifax Bank

A variety of current accounts are available from Halifax, with options for every kind of customer.

• Rewards current account: receives £2 monthly as long as £750 is deposited and the balance is positive.
• Multiple insurance policies are included in the Ultimate Rewards account, which costs £15–17 per month.
• Youth accounts designed for those 11–17 years old
• Students account
• Customers who don’t qualify for additional account alternatives should have a basic account. Halifax offers a variety of personal credit cards for transfers and purchases.
• Halifax offers a savings account specifically created to teach youngsters to save and a tax-free cash ISA option, in addition to the usual immediate access and fixed-rate savings accounts.
• Customers interested in investing can select between an investment account and an investment ISA or join the Halifax Trade Centre to trade shares.
• Mortgages and loans are available to personal consumers; Halifax accepts new mortgages and remortgages and provides these clients with various benefits.
• Halifax provides insurance for your house, life, car, and business.
• A noteworthy omission from the Halifax banking portfolio is the need for a commercial banking service. Business consumers can choose between banking with Bank of Scotland or Lloyds, which provides business banking services.

Halifax Bank Security

Customers of Halifax who use online banking can participate in Halifax Secure, which steps in as an additional layer of security during transactions if deemed necessary. Secure conducts other security checks to ensure clients are not being exploited. Customers can read more details about safeguarding their accounts on the Halifax website.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have regulatory authority over Halifax.

Documents Needed To Open Halifax Bank Account

Several documents must be provided before you may open a bank account. Banks need this information to identify new clients, conduct appropriate checks, and guarantee that your account is opened accurately.

The details required to open a bank account are provided below. Please be aware that this may change depending on the provider; see our instructions for creating an account in Halifax:

• Passport or a valid driver’s license with a photo as identification
• Personal information, including chosen title, full name, birth date, gender, marital status, and country of citizenship
• Information about your present address and how long you’ve been there
• Contact information, including desired phone number, email, and marketing preferences.

Halifax Banks Swift Code

The Halifax Bank, also known as the Bank of Scotland, has the SWIFT code BOFSGBS1XXX.

Please be aware that the SWIFT code is a global bank identity code used for wire transfers abroad. It is either 8 or 11 characters long, with the first four letters identifying the bank, the next two identifying the country, the next two identifying the location, and the final three identifying the branch (optionally).

• The SWIFT code “BOFSGBS1XXX” for Halifax Bank decodes as follows:
• BOFS: The Bank of Scotland’s routing number
• GB: The United Kingdom’s country code
• S1: The address for the Edinburgh headquarters

The branch code (optional) for Halifax Bank that is not included in the SWIFT code is XXX.

Halifax Contact Info

You can use the following information to get in touch with Halifax, a bank with headquarters in the United Kingdom:

For Customer Support:

• UK phone number is 0345 720 3040.
• 113 242 1984 from outside the United Kingdom

Support for online banking:

• If you are calling from the United Kingdom, dial 0345 602 0000
• Dial 113 242 1984 from outside the United Kingdom

Querying Credit Cards:

• UK residents should dial 0345 944 4555.
• +44 173 334 7007 if calling from outside the UK

Loans and Mortgages:

• From the UK, dial 0345 850 3705.
• +44 173 334 7007 if calling from outside the UK.

Loss or Theft of Cards:

• UK local time is 0800 0 15 15 15.
• +44 113 242 8196 if calling from outside the UK.

Help with Online Banking:

• UK local phone number is 0345 602 0000.
• Call 113 242 1984 from outside the United Kingdom

Frequently Asked Questions

What is the Halifax Bank?

A division of Bank of Scotland, a component of the Lloyds Banking Group, manages Halifax Bank, also known as Halifax is a British bank. Personal banking, mortgages, savings accounts, credit cards, loans, insurance, and investment products are just a few of Halifax’s banking and financial services.

How can I get in touch with Halifax Bank?

You can visit Halifax Bank’s website to get in touch with them and locate the contact information relevant to your inquiry. They can be reached by phone or by stopping by one of their locations. Halifax also offers customer service on social media platforms.

What kinds of accounts does Halifax Bank provide in its many categories?

Accounts of all kinds are available from Halifax Bank, including cash ISAs (Individual Savings Accounts), savings accounts, current accounts (such as the Halifax Reward Current Account), and kid-specific accounts. For students and recent graduates, they also provide specialty accounts.

What products are offered by Halifax Online Banking?

You may manage your accounts, monitor balances and transactions, make payments, set up standing orders, transfer money, and access various other financial services through Halifax Online Financial. From any location with an internet connection, it offers a practical and safe way to manage your financial transactions.

How can I submit a mortgage application to Halifax Bank?

You can begin applying for a mortgage with Halifax Bank online or go to a nearby location to meet with a mortgage expert in person. They will assist you with the application process, the required papers, determining your eligibility, and reviewing the various mortgage alternatives.

Conclusion

The well-known financial organization Halifax Bank, headquartered in the UK, provides various banking services. With a long history and a reputation for offering competitive mortgage products, Halifax is a division of the Lloyds Banking Group. However, a thorough assessment would necessitate considering aspects like client feedback, costs, interest rates, and current market conditions.