Natwest Reward and TSB Classic Plus DD's

aj23_2

Just checking that there aren't any DD requirements on these accounts? I can't see anything on MSE saying so, or their websites. Seems unusual now considering M+S have upped it to 4 and Tesco is 3.

PRAISETHESUN

You are correct - there are no DDs required in order to maintain the accounts, just a minimum monthly pay in of £1500 and £500 respectively.

DDs are only required for the TSB Classic Plus account if you want to qualify for their £5 monthly cashback.

Willing2Learn

Just quickly checked, and it appears as though neither account has any DD requirement. Though there are other terms that you need to adhere to.

aj23_2

PRAISETHESUN wrote: »

You are correct - there are no DDs required in order to maintain the accounts, just a minimum monthly pay in of £1500 and £500 respectively.

DDs are only required for the TSB Classic Plus account if you want to qualify for their £5 monthly cashback.

Oh are they still doing the cashback? I thought that had stopped.

Ed-1

aj23 wrote: »

Oh are they still doing the cashback? I thought that had stopped.

For accounts opened on or after 8th January, the cashback is available until December. For accounts opened from March 2017-7th Jan 2018 it ended in June.

aj23_2

Ed-1 wrote: »

For accounts opened on or after 8th January, the cashback is available until December. For accounts opened from March 2017-7th Jan 2018 it ended in June.

So if you opened an account today and had 2 direct debits, you'd get £5 cashback until December?

soulsaver

aj23 wrote: »

So if you opened an account today and had 2 direct debits, you'd get £5 cashback until December?

Yep. Let us know if you can open a TSB Classic plus today, please..

aj23_2

I'm definitely going to switch from Halifax to NatWest in November, provided a better cash incentive with requirements I can meet doesn't come up.

I'm debating whether to do TSB yet. I have a feeling the 5% may be reduced back to 3% at some point and then it wouldn't really be worth the hassle of opening or keeping/maintaining.

beefturnmail

aj23 wrote: »

I'm debating whether to do TSB yet. I have a feeling the 5% may be reduced back to 3% at some point and then it wouldn't really be worth the hassle of opening or keeping/maintaining.

So why not open it whilst it offers 5%, and then decide whether it's worth the hassle of keeping/maintaining when/if it drops back to 3%.

aj23_2

beefturnmail wrote: »

So why not open it whilst it offers 5%, and then decide whether it's worth the hassle of keeping/maintaining when/if it drops back to 3%.

Yeah well I wouldn't have two direct debits pay out for October, only for November and December. So I'm in no rush this month. It's a shame they don't do their £125 in addition to cashback and interest.

eskbanker

Ed-1 wrote: »

For accounts opened on or after 8th January, the cashback is available until December. For accounts opened from March 2017-7th Jan 2018 it ended in June.

aj23 wrote: »

So if you opened an account today and had 2 direct debits, you'd get £5 cashback until December?

soulsaver wrote: »

Yep. Let us know if you can open a TSB Classic plus today, plse..

Unless I'm missing something, TSB's £5 DD cashback offer is no longer open to new applicants (even though accounts opened by June receive cashback up to December), as per https://www.tsb.co.uk/current-accounts/classic-plus-account/?WT.ac=A00254:

Cashback offer end dates: 30 June 2018 for accounts opened between 1 March 2017 and 7 January 2018 and 31 December 2018 for accounts opened between 8 January 2018 and 8 June 2018. T&Cs apply.

https://www.tsb.co.uk/cashback-terms-and-conditions.pdf:

1. Eligibility

1.1 You must open a new Classic Plus account on or after 1 March 2017, until 8 June 2018.