New NatWest £125 Switch

Zanderman

NatWest are launching a new switch deal today.  Thanks to Chanchi32 on hotukdeals for the headsup.

£125 for switching your current account to a new NatWest Select (no monthly fee) or Reward account (£2 monthly fee but some cashback).

Open to new and existing customers providing you haven't had a switch incentive from Natwest, RBS or Ulster Bank between October 2017 and October 18th 2020. 

Now mentioned on the NatWest site at https://personal.natwest.com/personal/current_accounts.html

Take a look at the offer details

• Switch into a new or existing account with us by 19th November 2020
• Apply online or through our Mobile Banking app. Within 7 days, the Current Account Switch Service will automatically move your existing payments and close your old account
• Pay in at least £1,500 and log in to our Mobile Banking app or Online Banking by 15th January 2021
• £125 will be paid in to your NatWest bank account by 12th February 2021

We may end this offer at any time.

Terms and Conditions (PDF, 35KB)

Full terms here:  https://personal.natwest.com/content/dam/natwest/personal/current-accounts/documents/nw-switch-offer-terms-and-conditions-oct-2020.pdf

colsten

As these T&Cs have a habit of disappearing when applications for the offer end, I have taken a secure copy, accessible to everyone.

colsten

Zanderman said:

Open to new and existing customers providing you haven't had a switch incentive from Natwest, RBS or Ulster Bank between October 2017 and October 18th 2020. 

The exact wording from the switch T&Cs is:

So even though nobody has had a switch incentive from their August 2020 switch offer, it doesn't appear you can go for a second helping.

Alex9384

Most people on this forum are not eligible I reckon 

nownewretiredin2011

Alex9384 said:

Most people on this forum are not eligible I reckon 

I have switched a TSB account to NatWest for £175  then switched it to HSBC for £125 and have a RBS current account, a BoS  Vantage account, a Nationwide current account, a BoS Reward account  a Santander 123 Lite account, so I suppose I am no longer eligible either.
Is there anywhere I would be eligible to switch to? I doubt it. 

dggar

Just to muddy the waters a bit, the current RBS payment is to be paid around 29th Jan 2021. How do people think that would be interpreted with respect to the wording  between October 2017 and 19th October 2020.

colsten

dggar said:

Just to muddy the waters a bit, the current RBS payment is to be paid around 29th Jan 2021. How do people think that would be interpreted with respect to the wording  between October 2017 and 19th October 2020.

Only one way to find out 😎

Alex9384

nownewretiredin2011 said:

I have switched a TSB account to NatWest for £175  then switched it to HSBC for £125 and have a RBS current account, a BoS  Vantage account, a Nationwide current account, a BoS Reward account  a Santander 123 Lite account, so I suppose I am no longer eligible either.
Is there anywhere I would be eligible to switch to? I doubt it. 

Switch to Metro for £50 if someone recommends you.

GTR_King

I would go for this offer but got no accounts to switch at moment just recently done TSB To Club Lloyds 

Seraphi

GTR_King said:

I would go for this offer but got no accounts to switch at moment just recently done TSB To Club Lloyds 

Just open a basic account with one of the banks you are with and switch that over. If you don't need a new mortgage in the next year, then the impact on your credit file is minimal and well worth the money...

GTR_King

Good idea but you need 2 Direct Debits if u wanna swtich