Natwest + RBS Rewards

Jakg

Might be a stupid question, but can you have both a Natwest & an RBS reward account for the £4 monthly reward on both?

I think you can only have one Reward account at each bank, and I know the £100 bonus is for one per customer for the entire group, but wasn't sure about the reward - I couldn't see it in the terms.

kaMelo

Yes is the simple answer. You can actually have two rewards accounts per bank as long as one is joint and one solo.
The rewards are £5 per account less £2 fee so a net £3 per account.

PRAISETHESUN

I have one of each, so yes you definitely can reap the rewards of multiple accounts with both NatWest and RBS. You are right in that the switch incentive is lumped together though.

Some users on the forums have also reported being able to open more than 1 sole reward account with each bank, so if you're feeling game you might be able to get even more rewards. This is technically against the T&Cs though and the extra account(s) will probably be closed down by the banks eventually.

hgst

Also, separate email addresses needed for each bank in order to join MyRewards scheme.

colsten

hgst said:

Also, separate email addresses needed for each bank in order to join MyRewards scheme.

You can use the same email address and get the reward payments for logging in, 2 DDs and the monthly minimum deposit.

Tragen

Jakg said:

and I know the £100 bonus is for one per customer for the entire group

where does it say that in the t&c? (maybe they've been updated since I looked a few weeks ago)

Ed-1

Tragen said:

Jakg said:

and I know the £100 bonus is for one per customer for the entire group

where does it say that in the t&c? (maybe they've been updated since I looked a few weeks ago)

It's always said that in all previous Natwest, RBS and Ulster switch offers too since 2017. But they don't seem to cross-check and automate the switch payments.

quirkydeptless

The phrase "taken advantage of" clearly aimed at MSE Switchers

ischris85

quirkydeptless said:

The phrase "taken advantage of" clearly aimed at MSE Switchers

MDMD

Tragen said:

Jakg said:

and I know the £100 bonus is for one per customer for the entire group

where does it say that in the t&c? (maybe they've been updated since I looked a few weeks ago)

It’s always been in there:

• You won’t be eligible for this offer if you’ve already taken advantage of a cash switcher offer from The Royal Bank of Scotland plc (‘RBS’), National Westminster Bank Plc (NW) and/or Ulster Bank Limited (‘Ulster’) between October 2017 and 1st September 2020

• Joint account holders will only be eligible for one payment.

• You can only benefit from this offer once meaning that even if you apply, complete the account opening process, and meet the conditions of this offer for more than one eligible current account, you’ll only receive one payment.

https://personal.rbs.co.uk/content/dam/royal_bank_of_scotland/personal/current-accounts/documents/rb-switch-offer-terms-and-conditions-sep-2020.pdf

Tight_Fist

I recently switched to Natwest and got the switch incentive but does anyone know if just having a PO savings DD that takes £2 a week will qualify for the two DDs and the £4 in rewards?