NatWest £175 switching offer

Joe99

Hello all,

I basically don't know where else to ask but I need some assistance.

I already have two accounts with NatWest but I want to switch my TSB over to them to get the £175 switching offer. I have not had the switching offer in the past.

However, I do not know if I can just switch my TSB account into one of my current accounts I already have with NatWest or do I have to open another brand new bank account with NatWest for the switch to work?

Thank you guys

N1ckS

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#natwestswitch



The offer is available to new and existing customers switching from a non-RBS Group account. If you need more time you could alternatively open and switch to RBS.

eskbanker

Joe99 wrote: »

I basically don't know where else to ask but I need some assistance.

While the MSE article above appears to be a reasonable summary, the definitive source of information, as ever, is the published Ts & Cs, at https://personal.natwest.com/content/dam/natwest/personal/current-accounts/documents/april19-nw-switcher-terms-conditions.pdf

Joe99 wrote: »

I do not know if I can just switch my TSB account into one of my current accounts I already have with NatWest or do I have to open another brand new bank account with NatWest for the switch to work?

Unlike the (inevitably summarised) MSE piece, the full and definitive Ts & Cs include specific reference to exactly which existing NatWest accounts can be switched into....

arthur2

I started opening a new Natwest account six weeks ago but they still have not confirmed the details, in spite of helpful staff member apologizing and saying it would be open by the Friday before last. They give the impression that staff do not understand their computer.

jem16

I'm looking at switching one of my Tesco Current accounts to RBS for the switching bonus. My Tesco account doesn't have any Direct debits attached to it as they weren't needed.

I can't find anything in the T&C for the switching offer that mentions that Direct Debits must be there to take advantage of the offer.

Does anyone know please?

N1ckS

No DD's required for the RBS offer but you do have to pay in £1500+ monthly, log in to online banking (once) and use the debit card every month to qualify for the initial £125 and then the subsequent £50.

jem16

N1ckS wrote: »

but you do have to pay in £1500+ monthly, log in to online banking (once)

Thanks but I cannot see anything about paying in £1500 monthly. It just says pay in £1500 before 2nd August.

N1ckS

Sorry, yes you're correct, it's the bills cashback on the Reward that's reliant on paying in £1500 per month. Which is irrelevant if you go for the select account.

CuddlesTC

N1ckS wrote: »

Sorry, yes you're correct, it's the bills cashback on the Reward that's reliant on paying in £1500 per month. Which is irrelevant if you go for the select account.

So for the £125 you could pay in £1,500 and then take most of it out, leaving enough to cover a small card transaction each month for the extra £50?

Hmm, looks like I've just found out where I'm switching my second Tesco account to...

N1ckS

CuddlesTC wrote: »

So for the £125 you could pay in £1,500 and then take most of it out, leaving enough to cover a small card transaction each month for the extra £50?

Hmm, looks like I've just found out where I'm switching my second Tesco account to...

Yes, that's correct, enjoy the free cash!

dhughes100

Joe99 I am in a very similar situation to you in regards to your halifax account being closed i just wanted to ask a couple questions about what happened in the end