£100 Royal Bank of Scotland switch offer.

ischris85

dggar said:

Speculator said:

Not sure if this has been posted yet. 
Credit to Chanchi32 @ Hotukdeals
https://personal.rbs.co.uk/personal/current_accounts.html

Reward

£100 switch offer

Earn montly Rewards. For £2 a month you'll get:

£4 a month back in Rewards for 2 or more Direct Debits (at least £2 each)

£1 a month back in Rewards with 1 mobile app log in

1% back in Rewards when you spend at our partner retailers: Caffe Nero, Europcar and more

To apply, you need to be 18+ and a UK resident. To hold a Reward account, you'll need to pay £1,250 into your eligible account every month

I had a look at the Reward account.
Is there a way of avoiding the £2 fee by having a permanent balance of £xK for a full month
or moving more than £1250 through each month.
I couldn't see anything but was wondering if there was something i missed.

You can apply for the switch account which is also eligible for the switch incentive.

PRAISETHESUN

dggar said:

Speculator said:

Not sure if this has been posted yet. 
Credit to Chanchi32 @ Hotukdeals
https://personal.rbs.co.uk/personal/current_accounts.html

Reward

£100 switch offer

Earn montly Rewards. For £2 a month you'll get:

£4 a month back in Rewards for 2 or more Direct Debits (at least £2 each)

£1 a month back in Rewards with 1 mobile app log in

1% back in Rewards when you spend at our partner retailers: Caffe Nero, Europcar and more

To apply, you need to be 18+ and a UK resident. To hold a Reward account, you'll need to pay £1,250 into your eligible account every month

I had a look at the Reward account.
Is there a way of avoiding the £2 fee by having a permanent balance of £xK for a full month
or moving more than £1250 through each month.
I couldn't see anything but was wondering if there was something i missed.

You can apply for the fee-free Select account and you'll still be eligible for the incentive. Otherwise, the fee is always charged on the Reward account and there is no way to avoid that. If you meet the requirements for the monthly reward however then this effectively pays for the fee and a bit extra on top. 

colsten

PRAISETHESUN said:

dggar said:

Speculator said:

Not sure if this has been posted yet. 
Credit to Chanchi32 @ Hotukdeals
https://personal.rbs.co.uk/personal/current_accounts.html

Reward

£100 switch offer

Earn montly Rewards. For £2 a month you'll get:

£4 a month back in Rewards for 2 or more Direct Debits (at least £2 each)

£1 a month back in Rewards with 1 mobile app log in

1% back in Rewards when you spend at our partner retailers: Caffe Nero, Europcar and more

To apply, you need to be 18+ and a UK resident. To hold a Reward account, you'll need to pay £1,250 into your eligible account every month

I had a look at the Reward account.
Is there a way of avoiding the £2 fee by having a permanent balance of £xK for a full month
or moving more than £1250 through each month.
I couldn't see anything but was wondering if there was something i missed.

You can apply for the fee-free Select account and you'll still be eligible for the incentive. Otherwise, the fee is always charged on the Reward account and there is no way to avoid that. If you meet the requirements for the monthly reward however then this effectively pays for the fee and a bit extra on top. 

If you can provide those pesky DDs for two RBS Reward accounts, going for the Reward might be worth your while. Depositing a total of  £1,500 a month into one or both of them, as well as logging in once a month nets £3 per account each month, i.e £72 a year. 

As a Reward account holder, you might also get the RBS Reward credit card at no annual charge (normally £24). It's a nice card with 1% cashback at supermarkets. They are, however, very selective who they give this card to.

miller

"Good news, your application has been submitted.

We need just a little more information before we can activate your account."

As mentioned previously, no email, no text and the confirmation page doesn't really match the 3 outcomes described on their webpage. I'd happily forgotten NWB/RBS/Ulster's "quirky" approach to things, but the £100 will help with that.

gwapenut

Personally I think it's worth waiting and holding out for more cashback as they were offering £175 for this in February. I'm not sure we'll see those levels any time soon, but I reckon it will creep up next tme round to £125 or even £150 depending on how many more switching incentives are available and how their contact centres are coping with whatever Covid is throwing at them.

crumpet_man

I'd rather take £100 now than take the gamble that in 12 months time they'll do another offer for £50 more.

colsten

crumpet_man said:

I'd rather take £100 now than take the gamble that in 12 months time they'll do another offer for £50 more.

Or for £50 less 🤣🤣🤣

noh

miller said:

"Good news, your application has been submitted.

We need just a little more information before we can activate your account."

As mentioned previously, no email, no text and the confirmation page doesn't really match the 3 outcomes described on their webpage. I'd happily forgotten NWB/RBS/Ulster's "quirky" approach to things, but the £100 will help with that.

You will probably get the email/text tomorrow.

ischris85

noh said:

miller said:

"Good news, your application has been submitted.

We need just a little more information before we can activate your account."

As mentioned previously, no email, no text and the confirmation page doesn't really match the 3 outcomes described on their webpage. I'd happily forgotten NWB/RBS/Ulster's "quirky" approach to things, but the £100 will help with that.

You will probably get the email/text tomorrow.

I'm still waiting for an email from my application yesterday

gwapenut

I guess it all depends on how much you value rewards versus time/hassle. For me, £100 is not worth it, and even if it drops to £50 later, it's still not worth it now. Yes it's a bet, and my intuition is that the reward will rise.