Natwest financial review.

bobobins

Hello peeps,

I received a phone call this week from Natwest asking me if I would go into branch for a financial review. I've never had one of these before and was thinking it will just be an exercise in getting me to buy their products. Just wondering if anyone else has had one and what I can expect, many thanks.

anoncol

My wife and I had one at hsbc a couple of years ago. I was very reserved and sceptical when we went and they could tell, she said in fact when she start asking questions.

We didn't benefit from it at all tbh. They asked us if we had looked at their mortgages or savings accounts and we said no, their rates are crap, and she actually agreed!

They tried to sell us the Premium account and we said we dont want any of the benefits it comes with.

I'd be interested to hear if the Natwest one is as useless.

jimjames

All they can do is sell products from their own range.

It might prompt you to look in certain areas such as ISAs etc if you've not used them but it would be worth making sure you get the best product on the market rather than just the one they can sell you.

innovate

If you have spare time and an iron determination not to accept anything they offer on the spot, go for it. It can be very educational - to see them trying to sell their limited range of offerings to you.

If you don't have either, just decline their offer.

Regardless of their offer, though, I would start with defining my requirements if I were you. If you don't have any requirements, you shouldn't buy anything (even if the language used doesn't involve the word "buy").

If you have clear requirements, you would do a lot better doing some research first - e.g. on the Internet or in papers, before you let a sales person drool all over you. You might well find that you don't need any sales person at all since literally anything anyone wants to buy in terms of financial products can be bought online these days.

opinions4u

If you are prepared to research the market (start with these pages) and shop around then don't go.

If you're quite happy to stay with the one bank and know you'll never get round to bothering doing things yourself go in and talk to them. Listen, then post back what they propose on here.

Don't buy on the day. Go back another day to sign up after you've had a chance to think things through.

(It is a sales process, it can make you better off - but there are many other alternatives that will beat it).

rickeeee

It's bank speak

It means what can we sell you

Herbalus

I usually quite enjoy them. I'm a student, which is one of the most satisfying and insurmountable arguments you can employ when they try and sell you things. The crestfallen look when they realize 2 minutes in that none of their 'hook' products are going to suit me, and I'm just there for the 'bait' (free products they offer - Skipton did a free will service last year). But they have to - for some inexplicable reason - make the review last for 30 minutes.

Mortgages? Nope.
Investment? No money for that (apparently...).
Life assurance? Nope.
Home insurance? Nope.