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  • FIRST POST
    • Sconeyj
    • By Sconeyj 10th Jan 18, 1:56 PM
    • 7Posts
    • 41Thanks
    Sconeyj
    NatWest £125 switch incentive
    • #1
    • 10th Jan 18, 1:56 PM
    NatWest £125 switch incentive 10th Jan 18 at 1:56 PM
    Just as I thought I'd exhausted every bank...up pops NatWest with a switch offer! £125 for switching, and no direct debits required. All you need to do is:
    • switch a non-NatWest account
    • deposit £1,500
    • log into online or mobile banking
    All before 16 March (although you need to apply for the account by 16 February).


    Happy days!
Page 2
    • YorkshireBoy
    • By YorkshireBoy 10th Jan 18, 7:11 PM
    • 29,696 Posts
    • 17,651 Thanks
    YorkshireBoy
    Can you apply for this and then switch later
    Originally posted by anna42hmr
    Yes, because you'd then qualify under condition 1(b). Just be mindful of the 16/3 cut-off for completion.
    • anna42hmr
    • By anna42hmr 10th Jan 18, 7:25 PM
    • 2,432 Posts
    • 1,018 Thanks
    anna42hmr
    Yes, because you'd then qualify under condition 1(b). Just be mindful of the 16/3 cut-off for completion.
    Originally posted by YorkshireBoy
    Thanks, for the reply, I appreciate it. Think i will get the process started in opening the account.
    MFW # 105

    2015 Target £7000/ Overpaid £8095
    2016 Target £6000 / Overpaid £6983.24
    2017 Target £3500 / Overpaid £3583.12
    2018 Target £2500 / OP so far £215.26 as at January
    • YorkshireBoy
    • By YorkshireBoy 10th Jan 18, 7:34 PM
    • 29,696 Posts
    • 17,651 Thanks
    YorkshireBoy
    Thanks, for the reply, I appreciate it. Think i will get the process started in opening the account.
    Originally posted by anna42hmr
    You can choose a switch date (well into the future) at the end of the application. Works great for me because my last bite of the FlexDirect 5% interest ends in Mid-February, so that's the one that's going. Still a 'main' Nationwide account holder via their FlexAccount and appropriate funding.

    Been a long time since I've had an incentive, so this one is welcome!
    • RG2015
    • By RG2015 10th Jan 18, 7:54 PM
    • 716 Posts
    • 368 Thanks
    RG2015
    I did have a bank account with them and closed it in 1976 so hopefully this will not barr me.
    Originally posted by MABLE
    The offer says that it is open to new and existing customers so previous customers should not have a problem.
    Last edited by RG2015; 10-01-2018 at 7:57 PM.
    • The weedie
    • By The weedie 10th Jan 18, 8:08 PM
    • 29 Posts
    • 5 Thanks
    The weedie
    Perfect. Will be signing up for this as soon as my £250 has been paid in.
    • binaryuniverse
    • By binaryuniverse 10th Jan 18, 8:09 PM
    • 535 Posts
    • 306 Thanks
    binaryuniverse
    Account opened. Switch applied for.
    • nichow80
    • By nichow80 10th Jan 18, 8:24 PM
    • 7 Posts
    • 4 Thanks
    nichow80
    Account opened. Switch applied for. Guess £1,500 pay in is just payment in and can then be transferred out??
    • Weybridge78
    • By Weybridge78 10th Jan 18, 9:46 PM
    • 105 Posts
    • 31 Thanks
    Weybridge78
    Account opened for my mum. Switch applied for from Nationwide.

    I will switch my B current account to my existing Reward account once the £250 has been paid in.
    • YorkshireBoy
    • By YorkshireBoy 10th Jan 18, 10:15 PM
    • 29,696 Posts
    • 17,651 Thanks
    YorkshireBoy
    I will switch my B current account to my existing Reward account once the £250 has been paid in.
    Originally posted by Weybridge78
    For an incentive? Or to save yourself the hassle of closing it yourself?
    • Sparx
    • By Sparx 10th Jan 18, 10:22 PM
    • 804 Posts
    • 431 Thanks
    Sparx
    Bah! Me and the missus have JUST opened a joint account with NatWest. Luckily I see NW let you switch for existing customers also.

    But I can't find the full T&Cs for the offer... Could the wife setup her own sole account, and switch also for the £125 in addition?

    E.g. I switch my 'dummy' bank to the joint NatWest account we have just setup. Wife setups her own sole account and switches her 'dummy' bank account also? I know normally joint account eligible for 1 cash, but if the wife setup her own as well? Or does the joint switch void this so can only have 1x £125?
    Last edited by Sparx; 10-01-2018 at 10:26 PM.
    • ceredigion
    • By ceredigion 10th Jan 18, 10:25 PM
    • 2,485 Posts
    • 3,129 Thanks
    ceredigion
    bah! Me and the missus have just opened a joint account with natwest. Can't find the full t&cs for the offer... Could the wife setup her own sole account, and switch also for the £125l?

    E.g. I switch my 'dummy' bank to the joint natwest account we have just setup. Wife setups her own sole account and switches her 'dummy' bank account also?
    Originally posted by sparx
    t&c, post #3
    • Sparx
    • By Sparx 10th Jan 18, 10:28 PM
    • 804 Posts
    • 431 Thanks
    Sparx
    t&c, post #3
    Originally posted by ceredigion
    D'oh missed that! So it does state as expected, joint accounts only get one cash payment. But can't see any clarity on a joint and sole being switched? Or am I being thick?
    • YorkshireBoy
    • By YorkshireBoy 10th Jan 18, 10:34 PM
    • 29,696 Posts
    • 17,651 Thanks
    YorkshireBoy
    D'oh missed that! So it does state as expected, joint accounts only get one cash payment. But can't see any clarity on a joint and sole being switched? Or am I being thick?
    Originally posted by Sparx
    Play safe and open/switch into 2 sole accounts. Tidy up as necessary after April 13th.
    • Sparx
    • By Sparx 10th Jan 18, 10:39 PM
    • 804 Posts
    • 431 Thanks
    Sparx
    Play safe and open/switch into 2 sole accounts. Tidy up as necessary after April 13th.
    Originally posted by YorkshireBoy
    So if I leave the joint as it is, setup 2 sole accounts each and switch these? Fair point!

    I'd be stupid not to and miss out on £250 and settle for just £125...
    • keiran
    • By keiran 10th Jan 18, 10:55 PM
    • 401 Posts
    • 207 Thanks
    keiran
    Bizarrely, on the first page of the application...

    """
    Before you start
    Are you only resident for tax purposes in the UK? * Yes No
    Are you only a national/citizen of the UK? * Yes No
    Were you born in the UK? * Yes No
    """

    if I click "yes" to everything, I can go on to the second page.

    But if I click "no" to "were you born in the UK?", I get this:-

    """
    Please try again, between the hours of 06:30 and 22:00. Alternatively, you can apply in branch or by phoning us on 0845 3030 299 (Minicom 0845 900 5961) for current accounts or 0845 301 6090 (Minicom 0800 404 6161) for savings accounts. Calls may be recorded.
    """
    • anna42hmr
    • By anna42hmr 11th Jan 18, 11:09 AM
    • 2,432 Posts
    • 1,018 Thanks
    anna42hmr
    well account applied for successfully this morning, quite a good process, especially with how they electronically verify other id such as drivers licence and passport. have applied to switch my Yorkshire account into this one this morning as part of the application as the switch reward has come through.
    MFW # 105

    2015 Target £7000/ Overpaid £8095
    2016 Target £6000 / Overpaid £6983.24
    2017 Target £3500 / Overpaid £3583.12
    2018 Target £2500 / OP so far £215.26 as at January
    • badger09
    • By badger09 11th Jan 18, 11:34 AM
    • 5,608 Posts
    • 5,060 Thanks
    badger09
    Thanks Sconeyj


    I was accepted with no issues and they offered me a 4,000 overdraft facility but not interested. Only in it for the bonus.
    Originally posted by MABLE
    Applied yesterday afternoon & like you, offered £4k overdraft, which I declined.


    Been a long time since I've had an incentive, so one is welcome!
    Originally posted by YorkshireBoy
    Me too. Thought I'd bagged my last switch bonus a very long time ago, in fact I've been 'consolidating' redundant accounts.

    I was a bit put off by the mention of ordering a card reader, which I detest. Obviously, not enough to forego an easy £125 though
    Last edited by badger09; 11-01-2018 at 11:41 AM.
    • FreakShow!
    • By FreakShow! 11th Jan 18, 11:48 AM
    • 12 Posts
    • 0 Thanks
    FreakShow!
    Maybe astupid question, but I don't have any accounts suitable to switch, so I've opened a Santander account online this morning.

    Can I apply for the switch immediately? Or do I need to put some money in to the account, let it sit for a bit before applying for the switch?

    Obviously I can't log in to the account yet as all those details come in the post.
    • wizzywig27
    • By wizzywig27 11th Jan 18, 11:55 AM
    • 1,010 Posts
    • 702 Thanks
    wizzywig27
    Out of interest, can you switch a savings account as part of the switching process?
    • badger09
    • By badger09 11th Jan 18, 11:55 AM
    • 5,608 Posts
    • 5,060 Thanks
    badger09
    Maybe astupid question, but I don't have any accounts suitable to switch, so I've opened a Santander account online this morning.

    Can I apply for the switch immediately? Or do I need to put some money in to the account, let it sit for a bit before applying for the switch?

    Obviously I can't log in to the account yet as all those details come in the post.
    Originally posted by FreakShow!
    There's no need to 'let it sit for a bit', but I would put some money in it so there is something to switch Also, be aware that Natwest ask for the debit card number for the account to be switched, so if you've applied for one, you'll have to wait until you have that.

    Nothing to stop you applying for the Natwest account now though
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