Natwest £50 savings cashback loophole

lilsunflower

Start saving this summer and get £50 cashback after 12 months when you set up a new monthly standing order of £100 or more into almost any NatWest savings account for 12 months.

Savings £50 cashback offer terms and conditions:

• To benefit from the cash incentive, you will need to set up a standing order of a minimum of £100 a month between 7 July 2008 and 6 September 2008, to start no later than 4 October 2008, and keep this in place for 12 consecutive months.
• The value of the Standing Order can vary over the 12 months but must not fall below £100.
• Available to customers with the following accounts: e-Savings, First Reserve, Reward Reserve, Advantage Reserve, 30 Day Bonus Reserve, Young Saver, Private Banking Savings Account, Advantage Private Reserve and Savings Direct. Offer excludes Cash ISAs and Fixed Rate Bonds.
• Not available on NatWest savings accounts that have existing standing orders in place as at 4 July 2008.
• Only one cashback payment per person and per savings account. In the case of a joint account, only one cashback will be paid.
• We will pay £50 cash into your savings account within 1 month after 12 consecutive monthly payments of at least £100 have been made.
• You will lose the right to benefit from the offer if we deem that you have not used your account in accordance with the terms and conditions above.
• Offer subject to change and can be withdrawn at any time.

I just copied it from one of the posts on the first page up there. Not sure if that's right?

dupuytren

anyone got their £50 yet?

nick88

Just got a letter from NatWest, they say they're crediting the account at the end of July.

Jennifer_Jane

My '12th' £100 goes in at end-July. Glad NatWest are on the ball with this.
Thanks for the info.
Jen
x

billieboy_2

nick88 wrote: »

Just got a letter from NatWest, they say they're crediting the account at the end of July.

Got my letter just now:j.

[Deleted User]

Just got my letter too!! Sorted. :j :beer:

kavomix

Yep, I've got my letter through today as well
Woohoo
Easy money!

SO Transfer in, then manually back out same day :rotfl:

littlemissbossy

I've got my letter too, thanks MSE.

dupuytren

to those of you who got the letter, did you leave the money in there during the course of the year or did you recycle the money ie take the money out at any time?

macaroni

dupuytren wrote: »

to those of you who got the letter, did you leave the money in there during the course of the year or did you recycle the money ie take the money out at any time?

kavomix wrote: »

Yep, I've got my letter through today as well
Woohoo
Easy money!

SO Transfer in, then manually back out same day :rotfl:

This should give you the answer