NatWest launches Refer-a-Friend scheme

18cc

Could you really earn £500 by encouraging people to switch current account? NatWest launches its first ever refer-a-friend scheme (for selected number of customers)

http://www.dailymail.co.uk/money/saving/article-5505665/Natwest-pilots-refer-friend-deal-paying-500.html

Also:

https://beta.natwest.com/personal/current-accounts/recommend-natwest.html#Howitworks

Herbalus

Yes you can. Seems you need to be emailed directly by NatWest for this to be an option though. Wonder if they have a blacklist of all MSE switching tarts??

18cc

They said they emailed 300,000 - wonder what percentage this is of their customers?

Article says they may roll it out to all current account customers. No idea when.

I have not had the email yet.

Herbalus

Not sure how many accounts they have, but apparently they lost £10k net in april-June last year. Looks like they are trying to stem the losses.

http://www.thisismoney.co.uk/money/saving/article-5303015/Banking-customers-flee-NatWest-op-Barclays.html

EssexExile

I wouldn't encourage a friend to switch to Natwest. An enemy, maybe.

18cc

Not even if they were with HSBC and had received a safeguarding letter?

Herbalus

18cc wrote: »

Not even if they were with HSBC and had received a safeguarding letter?

If you respond to their safeguarding letter and provide what is needed to keep your account, the fuss goes away.

Mind you I haven’t had any problems with NatWest either so it depends who offers the best products.

I_am_spartacus

I've not received an e mail. :-(

Tallaght

They are closing a lot of branches atm.A lot of people especially pensioners are stuck in no mans land of 7-10 miles travel to their next branch.

N1ckS

Presumably it doesn't matter if you've previously held an account and been referred? Only seems to mention being able to benefit from a referral once...