£100 Royal Bank of Scotland switch offer.

ischris85

dggar said:

Received my debit card and pin today in the same postal delivery.(in separate envelopes)
The card seems thinner than all my other cards and nothing is embossed on it.
It also only has the sort code on it, no account number.
I was also surprised to find that it can't be read in the card readers that I have from Co-oP and Nationwide.
So I've had to order a card reader from RBS (5-7 working days for delivery) in order to be able top set up payees.

It works in my Nationwide card reader. I believe the sort code but no account number is for better security(?).

funkycredit

colsten said:

funkycredit said:

It's only expensive if you use it. I've never used an overdraft yet and don't intend to with my remaining years on planet cuckoo. For the same respect, it does no harm by showing you have available credit (albeit unused), thus allowing larger limits when applying for credit which is better suited such as a good cc offer etc. 

I think it works in exactly the opposite way you describe. The available credit shows in your credit reference files. When you apply for additional credit, a lender will add up your existing facilities and then decide whether snd how much of an additional credit they will grant. But don‘t take my word for it, check with CRA recommendations.

Yes, you're talking the average person. Not someone on more than £100k. So all my limits are high, as is my income! My utilisation is 0%. Regardless of my available credit. Plus I'm only keeping some accounts for a set period of time, I don't *need* additional credit. I'm only opening bank accounts willy-nilly. 

Each to our own. No two scenarios are identical. 

funkycredit

masonic said:

funkycredit said:

colsten said:

ischris85 said:

Interestingly, I just applied for a £500 overdraft with RBS and got rejected even though I currently have one with Natwest.

Having an existing overdraft (or five) might well be the reason why you can't get yet another one. Your total currently available credit will be taken into consideration when you are applying for further credit.

Not sure on this theory as I explained yesterday. I've opened up a rewards with NatWest and was offered a £1k OD. Then I opened a second and got offered the same; ditto with Ulster & RBS - both in the last week. So within the "same month" as the first NatWest search it seems. I'm not sure but as I suggested yesterday, surely if I was allowed £4K I'd have been offered that from NatWest on my first application. 

Just my view on it. It's as though they're not checking existing holdings so keep offering the same overdraft (well in my case anyway). 

Didn't someone else get all of their accounts closed down during the Santander switching bonanza last year for opening multiple accounts at the same bank within a short space of time, each with a large overdraft, as the bank believed they were obtaining credit by deception?

Edit: https://forums.moneysavingexpert.com/discussion/comment/75754163/#Comment_75754163

Interesting. I'm not deceiving anyone, all I'm doing is taking what's offered. I'm really not concerned as I'm not doing anything wrong. 

Plus i'm not using the overdrafts and pay in a few grand monthly. So it's a huge difference to the Santander situation you mention. That poster used the overdrafts as savings etc. I'm not doing anything of the sort. I'm using the accounts as intended and have regular DD's etc coming from them all and move money in / out. All my accounts have a balance - so I'm running them as intended really. I see no problem. 

masonic

funkycredit said:

masonic said:

funkycredit said:

colsten said:

ischris85 said:

Interestingly, I just applied for a £500 overdraft with RBS and got rejected even though I currently have one with Natwest.

Having an existing overdraft (or five) might well be the reason why you can't get yet another one. Your total currently available credit will be taken into consideration when you are applying for further credit.

Not sure on this theory as I explained yesterday. I've opened up a rewards with NatWest and was offered a £1k OD. Then I opened a second and got offered the same; ditto with Ulster & RBS - both in the last week. So within the "same month" as the first NatWest search it seems. I'm not sure but as I suggested yesterday, surely if I was allowed £4K I'd have been offered that from NatWest on my first application. 

Just my view on it. It's as though they're not checking existing holdings so keep offering the same overdraft (well in my case anyway). 

Didn't someone else get all of their accounts closed down during the Santander switching bonanza last year for opening multiple accounts at the same bank within a short space of time, each with a large overdraft, as the bank believed they were obtaining credit by deception?

Edit: https://forums.moneysavingexpert.com/discussion/comment/75754163/#Comment_75754163

Interesting. I'm not deceiving anyone, all I'm doing is taking what's offered. I'm really not concerned as I'm not doing anything wrong. 

Plus i'm not using the overdrafts and pay in a few grand monthly. So it's a huge difference to the Santander situation you mention. That poster used the overdrafts as savings etc. I'm not doing anything of the sort. I'm using the accounts as intended and have regular DD's etc coming from them all and move money in / out. All my accounts have a balance - so I'm running them as intended really. I see no problem. 

Opening multiple accounts and obtaining multiple overdrafts in quick succession could be interpreted by a bank as gaming their systems, which most likely will not register the previous lines of credit offered immediately.

The bank will take its own view and won't enter into any discussion about their decision should they come to a different conclusion. I see no reason to take the risk, but what's done is done.

castle96

RBS dont 'like' the digidoc passport photo I have sent. Just the one page should? be OK ??

miller

dggar said:

So I've had to order a card reader from RBS (5-7 working days for delivery) in order to be able top set up payees.

Handily they've just sent me a document to my online banking which I can't access (no card reader yet, option to enable card reader doesn't allow it which implies they've not sent it yet). With my switch to complete in 2 days, I'm glad this isn't my main current account! Reminds me, Ulster took weeks to send out card readers when I was last with them.

colsten

miller said:

dggar said:

So I've had to order a card reader from RBS (5-7 working days for delivery) in order to be able top set up payees.

Handily they've just sent me a document to my online banking which I can't access (no card reader yet, option to enable card reader doesn't allow it which implies they've not sent it yet). With my switch to complete in 2 days, I'm glad this isn't my main current account! Reminds me, Ulster took weeks to send out card readers when I was last with them.

I definitely do not have an RBS card reader, and I never ordered one from RBS, for my recently opened online access with them. I went through the card reader activation using a COOP reader.

If you don't have access to online banking at all yet, you need an activation code from RBS. Mine arrived very swiftly. What date did you apply for your account?

Ghostcrawler

activation code will also be sent via text message to your registered mobile number.  I ordered card reader anyways but if you have Nationwide or Barclays card reader then RBS debit card will work.  I tried few days back and worked for me.  Though I have card reader from NatWest but I did not use that.

colsten

I have just tried logging into my Natwest online banking with my debit card, and that worked fine. Didn't need a card reader, and I have not yet registered a card reader there. Natwest and RBS systems should work the same. SO worth a try. I did, however, use the online activation code on that Natwest account before.

quirkydeptless

colsten said:

milleI definitely do not have an RBS card reader, and I never ordered one from RBS, for my recently opened online access with them. I went through the card reader activation using a COOP reader.

If you don't have access to online banking at all yet, you need an activation code from RBS. Mine arrived very swiftly. What date did you apply for your account?

I now have 2 RBS card readers as I ordered another one after getting impatient waiting for the first one