- You now have a fantastic opportunity to promote a Halifax Current Account on the back of each successful Mortgage / Product Transfer application – earning potential of £100 per application.
- A Halifax Bank Account will be guaranteed to every customer who passes the credit score on a Mortgage Application.
- You will not be asked to provide advice or answer any detailed questions about the product – a skilled sales consultant will advice your client of the right account for them.
- All you need to do is confidently promote the Halifax Current Account range to EVERY customer who passes the credit score on a new Halifax mortgage and every customer taking a Halifax Product Transfer.
- To earn your £100 you must call the Halifax Direct sales consultant and introduce the customer quoting the customer A/ number and providing your name & company details.
- You will earn £100 for every successful Current Account that is switched using our Switching Service and Halifax receive the first salary credit (cheque if client self-employed) into the new current account.
- Your client will also receive a £100 (credited to new current account) when the Halifax receive all the required signed documentation and AML documents.
What is the process?
1. Talk to your client
Ask every client for who passes the credit score for Mortgages where they hold their Current Account. Product Transfers are not guaranteed to qualify as no credit score is performed.
Use the customer facing leaflet to introduce the Halifax range of Current Accounts.
Establish if your client would like to switch their account (e.g. direct debits, standing orders and salary) and they could receive £100. (This is in addition to the £100 you will receive).
2. Introduce your client to the sales consultant
A dedicated group of experienced Halifax Direct sales consultants are waiting for your call.
Call the dedicated number and introduce your client, providing the sales consultant with your name, company details and the Halifax Mortgage A/ number – in order to qualify for your fee you need to introduce your client to the sales agent.
Send all relevant AML documentation to the Halifax banking team (details on page 4). The sales consultant will answer any questions and key the application.
3. Explain the next steps
After the call has taken place your client will be sent an information pack, usually within 5 working days, through the post. This includes an application and switching form which must be signed and returned in the pre-paid envelope.
Once Halifax receive the completed forms back the account will be opened and £100 paid into the account. The Halifax Switching team will carry out the transfer of direct debits/standing orders and any regular payments.
4. Receive your payment
Once all the above has taken place and Halifax receive the first salary credit (cheque if client self-employed) into the new current account, Intermediary Sales Support will be notified and the £100 procuration fee will be paid to you via the same route as the mortgage/PT application.
Frequently Asked Questions
Q When will I receive my £100 procuration fee?
A This will wholly depend on how long it takes for your client to complete and return all relevant documentation but on average from completing the call with the Halifax Direct sales consultant to the £100 being paid, is usually 8 weeks.
Q What if my client changes his mind and closes his current account at a later date, will I still be paid £100?
A Yes, as long as the account has been opened, direct debits transferred and the salary credited.
Q How will the £100 be paid into my account?
A Payment will be made via the same route as the mortgage/PT application.
Q What AML documentation is required.
