NatWest £125 switch incentive

debtorwithaquestion

Great offer but disappointing policies. I have had an RBS select account since 2015 and yet Natwest won’t give me a bank account. Not a select, or even their basic account!! I have normal current accounts elsewhere and nationwide opened a flexplus yet Natwest don’t want to touch me.

Bare in mind I had a Natwest select account for three years up until I was bankrupt (no Natwest debts) and they downgraded the account to basic. I closed it but then rbs gave me a select with them and kept it open.

Since then Natwest won’t touch me.

surfsister

YorkshireBoy wrote: »

I still have a drawer full of Natwest readers from my YB switching frenzy 3 years ago!

nat west take them back and reuse them!

beefturnmail

After phoning in on Saturday to pass a security check, have this morning received confirmation (by text and e-mail) that switch has been confirmed for the 2nd Feb (scheduled for the day after the Halifax Feb Reward payment - I was going to delay until 2nd March and get the March payment too, but decided that £3 was not worth the risk of the incentive being pulled\changed.)

Mchambers

Got £40 compensation after my complaint. Nice and easy.

Consumerist

beefturnmail wrote: »

. . . I was going to delay until 2nd March and get the March payment too, but decided that £3 was not worth the risk of the incentive being pulled\changed.)

As I understand it, once your application has been accepted you have qualified for the incentive if you switch and meet deposit requirements by the due dates.

Nationwide8

Mchambers wrote: »

Got £40 compensation after my complaint. Nice and easy.

What did you complain about ? Just interested,you don't have to say

moneyfoolish

I've completed the application and it told me I was accepted and I then completed the switch application but I've had no sign of a text or email confirmation. Is this normal? I asked for online banking when I made the application but was not asked for any identification details although I did bank with NatWest from 1969 until 2014 so maybe they don't need any? I didn't really have any current accounts I wanted to switch as all mine and my wife's pay interest but I've switch one of my 3 BOS because according to Moneysaving Expert I can still apply for a 3rd account which I intend to do if and when the switch to NatWest is complete.

keiran

I applied online last week but have today got a letter from Natwest asking for ID documents to be posted or processed in branch. I was not given the offer of uploading ID during the application process.

Annoyed by this - I thought companies did electronic verification nowadays and I'm certainly on the Electoral Roll, etc

Any thoughts on why this should be? (though of course I will go to the branch with my ID for £125..)

adindas

"Just choose 'switch' when you apply below. You'll need to pay in at least £1,500 and log in to Online Banking or our Mobile
Banking app by 16 March 2018. We'll pay the £125 cash into your new account by 13 April"

Regarding £1,500 funding requirement I understand it will need to be paid before 16 March 2018 and the Money does not need to stay there.

So basically I could use FPI and use FPO of £1500 on the same day ? Is my interpretation correct ?

Thanks

soulsaver

adindas wrote: »

"Just choose 'switch' when you apply below. You'll need to pay in at least £1,500 and log in to Online Banking or our Mobile
Banking app by 16 March 2018. We'll pay the £125 cash into your new account by 13 April"

Regarding £1,500 funding requirement I understand it will need to be paid before 16 March 2018 and the Money does need to stay there.

So basically I could use FPI and use FPO of £1500 on the same day ? Is my interpretation correct ?

Thanks

Not if the para above it isn't a typo..