Natwest £125 incentive

Toomuchdebt

I can see I need to pay in £1500 before March 16th...my question is do I have to keep it there or can I transfer it out and back in again? I can't spare £1500 just to sit in the bank account not being used.

xylophone

The money does not have to remain in the account.

badger09

Its a current account. NatWest expect you to spend some/all of it.

Katiehound

You can transfer it out again but experience says maybe do this in smaller amounts rather than 1.5K at once or you may fall foul of the fraud dept!
Serious comment- it has happened to others........
Actually it does not have to be one lump sum. It could be £500 bouncing in and out over, say a week.
It might also look suspicious leaving a current account with a near zero balance.

[Deleted User]

Toomuchdebt wrote: »

I can see I need to pay in £1500 before March 16th...my question is do I have to keep it there or can I transfer it out and back in again? I can't spare £1500 just to sit in the bank account not being used.

Why didn't you post this in the main Nat West thread?

Katiehound

camelot1971 wrote: »

Why didn't you post this in the main Nat West thread?

Probably too much to read??!!

Toomuchdebt

camelot1971 wrote: »

Why didn't you post this in the main Nat West thread?

I didn't see it...I did actually search for a Natwest thread but must have missed it somehow sorry.

Toomuchdebt

Katiehound wrote: »

You can transfer it out again but experience says maybe do this in smaller amounts rather than 1.5K at once or you may fall foul of the fraud dept!
Serious comment- it has happened to others........
Actually it does not have to be one lump sum. It could be £500 bouncing in and out over, say a week.
It might also look suspicious leaving a current account with a near zero balance.

Thank you...yeah I don't plan to take it all out right away. Right now I have £400 in there. I was planning to pay another £200 in on Tuesday but will then have to pay bills. But as long as I have £1500 incoming by March 16th I'm ok right? What I was planning to do was take some out then pay it back in a few days later but with a little more. Actually I should get my Housing Benefit soon so I could pay that in and then just pay the rent out of that account instead and that would mean less of the transferring has to happen.

Katiehound

[QUOTE=Toomuchdebt;73861873__But_as_long_as_I_have_£1500_incoming_by_March_16th_I'm_ok_right?_What_I_was_planning_to_do_was_take_some_out_then_pay_it_back_in_a_few_days_later_but_with_a_little_more._.[/QUOTE]

Yes.
Don't know how you missed the main thread- it's long enough!!;)

I would be inclined to pop money in and out so that it more than comes to £1.5k that way it makes it look as if account is for real!
I know some folk stick to the letter of the t&cs but personally can't see the point. I might want to 'groom' it for moving on again once the welcome handshake has arrived...........

Toomuchdebt

Katiehound wrote: »

Yes.
Don't know how you missed the main thread- it's long enough!!;)

I would be inclined to pop money in and out so that it more than comes to £1.5k that way it makes it look as if account is for real!
I know some folk stick to the letter of the t&cs but personally can't see the point. I might want to 'groom' it for moving on again once the welcome handshake has arrived...........

Honestly I have no idea...must have had a brain glitch!
Yes I will basically treat it as my main account for now

No_6

You POP money into a bank account to make it feel REAL