£100 Royal Bank of Scotland switch offer.

NottinghamKnight

No, credits are in total over the time period specified, often a set figure a month but in this case before a deadline; it's a current account after all, so money flowing in and out would be expected.

funkycredit

masonic said:

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.

Well you got that nailed on. Well done. After they opened the RBS & Ulster I got this text. So they closed them all. Ooops 😂😂

Oh well, I did get £30 of rewards so it's not all bad. 

Ed-1

funkycredit said:

masonic said:

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.

Well you got that nailed on. Well done. After they opened the RBS & Ulster I got this text. So they closed them all. Ooops 😂😂

Oh well, I did get £30 of rewards so it's not all bad. 

They've done this to literally thousands of customers over the last year (cruel during a pandemic). The trigger often seems to be a mismatch in often minor details between applications (the system then invokes 12.2 of their T&Cs - we reasonably suspect you've provided us with false information which was a significant factor in our decision to provide (or continue to provide) the product). It's often bounceback loan application details that aren't matching business account application details etc. One guy in this group took the bank to court and the reason came out as him quoting a different turnover figure for his business on his bounceback loan application compared to the figure he quoted on his business account application (3 years prior!).

Hundreds of horror stories about their closure process in the group:
https://m.facebook.com/groups/3096246600404581

They block access to funds when the system triggers a revocation of facilities and then take an age to investigate the source of all funds and all transactions on the account before releasing funds which 'can be' released to another bank account from an account named 'Suspected Fraud'! In the process they're also involving other banks which is causing them to place accounts under review. Really is appalling.



Personally, I'm glad this bank gave me 60 days notice to leave (no blocks on accounts) back in 2015 after seeing what they're putting customers through now. You're fortunate if you didn't have any funds in the accounts at the time.

colsten

Scrooges. 

granta

Ed-1 said:

funkycredit said:

masonic said:

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.

Well you got that nailed on. Well done. After they opened the RBS & Ulster I got this text. So they closed them all. Ooops 😂😂

Oh well, I did get £30 of rewards so it's not all bad. 

They've done this to literally thousands of customers over the last year (cruel during a pandemic). The trigger often seems to be a mismatch in often minor details between applications (the system then invokes 12.2 of their T&Cs - we reasonably suspect you've provided us with false information which was a significant factor in our decision to provide (or continue to provide) the product). It's often bounceback loan application details that aren't matching business account application details etc. One guy in this group took the bank to court and the reason came out as him quoting a different turnover figure for his business on his bounceback loan application compared to the figure he quoted on his business account application (3 years prior!).

Hundreds of horror stories about their closure process in the group:
https://m.facebook.com/groups/3096246600404581

They block access to funds when the system triggers a revocation of facilities and then take an age to investigate the source of all funds and all transactions on the account before releasing funds which 'can be' released to another bank account from an account named 'Suspected Fraud'! In the process they're also involving other banks which is causing them to place accounts under review. Really is appalling.



Personally, I'm glad this bank gave me 60 days notice to leave (no blocks on accounts) back in 2015 after seeing what they're putting customers through now. You're fortunate if you didn't have any funds in the accounts at the time.

I've had the same recently, 60 day notice luckily. Seems to have been triggered when I tried to open a second Reward account but can't be sure. Not sad to be leaving them as customer service has been terrible. Though sad I won't get my switch incentive in January!

miller

Got a text message today reminding me to pay in £1500 by 30/12 to get my £100 (already done).

colsten

miller said:

Got a text message today reminding me to pay in £1500 by 30/12 to get my £100 (already done).

Had the same, also from Ulster and Natwest. This leads me to think they now have their ducks in a row and will only pay the bonus at one of the three (if you are chasing the offer at all three) 

castle96

surely they cant go back on the T&Cs ! 3 x £100 awaited

colsten

castle96 said:

surely they cant go back on the T&Cs ! 3 x £100 awaited

IIRC, the RBS and Natwest offer terms made it clear that you cannot have both. The Ulster terms are a bit more opaque, so 2 x £100 is probably a more realistic expectation. I'll happily take 3, though....

gjs1701

Well my account is still not open, since  3 Oct.  I was assured I was still eligible for the £100.  But frankly I'm so unimpressed they can take their £100 and ... ahem... put it somewhere dark.