Santander £130 switch offer

FUrake

Daliah said:

FUrake said:

2 accounts opened and switches initiated on 16th sept, 2x£130 switch bonus received today, lovely jubbly 

accounts in the same or different names?

Same surname, different forename

veggieblob

veggieblob said:

Applied 13th Sept, ac opened 15th Sept, switched 23rd Sept.  More than £1k switched and another £1k+ transferred in.  DDs ok.  No bonus yet.

Received overnight 

soulsaver

Deleted User said:

Fingerbobs said:

FUrake said:

harz99 said:

FUrake said:

Fingerbobs said:

FUrake said:

The_Green_Hornet said:

harz99 said:

FUrake said:

Seems there's no rhyme or reason to who is getting paid first 

Actually there is, everyone who was paid yesterday (with one exception) initiated their switch w/c 13/9. That one exception was only a day later in initiating on 20/9.

However, what is far more interesting is that so far, nobody has reported being paid today!

Even more interesting is that, even if you initiated the switch on the 13th September, the 60 day assessment point isn't reached until 12th November so it looks like someone at Santander has jumped the gun.

yeh I was thinking this earlier, maybe they've paid out too early to some people by mistake

If the customer has already met the requirements, why delay paying the bonus? 

As long as they check again after the 60 day deadline in cases where the requirements haven't been met yet, I see no mistake.

in that case more people would have already been paid out than we have heard from

Quite possibly there will have been far more, simply because not everyone who has switched will be on these forums! 

of course, but the fact people were paid out earlier than the Ts and Cs suggested they would coupled with the fact only a handful of people on this thread been paid out with at least 1 paid out with a later initiation date than me it does seem to suggest maybe they have paid out too early by mistake, anyway fact remains, ive still not been paid out!

Don't see why it would be a mistake on Santander's part. I think it's far more likely they're just making an early start on processing the bonuses. Not everyone will have been paid yet simply because they're still working through the list. 

It's not a mistake nor is it early - the funds were owed once you met the criteria; they just have up to 60 day limit to pay it

Up to 60 days to assess plus 30 days more to pay.

'We will assess the Qualifying Account 60 days after the switch has been instructed to decide whether you have qualified for the Switcher Offer and the Cashback Payment under these Terms. If you qualify, we will make the Cashback Payment to you within the next 30 days following our decision.'

grandadgolfer

£130 paid in yesterday......so that's Nationwide/First Direct/Santander all paid out / done in last 8 weeks just waiting on RBS to pay out, wife has also done all the above plus Halifax so a nice £1010 before Xmas

mr_accountant

Daliah said:

mr_accountant said:

My experience of 2 accounts

Account opened 13/9/21, switch completed  27/9, paid 9/11

Account opened 15/9/21, switch completed  4/10, paid 9/11

Were these two accounts in the same name?

 Different 

[Deleted User]

soulsaver said:

Deleted User said:

Fingerbobs said:

FUrake said:

harz99 said:

FUrake said:

Fingerbobs said:

FUrake said:

The_Green_Hornet said:

harz99 said:

FUrake said:

Seems there's no rhyme or reason to who is getting paid first 

Actually there is, everyone who was paid yesterday (with one exception) initiated their switch w/c 13/9. That one exception was only a day later in initiating on 20/9.

However, what is far more interesting is that so far, nobody has reported being paid today!

Even more interesting is that, even if you initiated the switch on the 13th September, the 60 day assessment point isn't reached until 12th November so it looks like someone at Santander has jumped the gun.

yeh I was thinking this earlier, maybe they've paid out too early to some people by mistake

If the customer has already met the requirements, why delay paying the bonus? 

As long as they check again after the 60 day deadline in cases where the requirements haven't been met yet, I see no mistake.

in that case more people would have already been paid out than we have heard from

Quite possibly there will have been far more, simply because not everyone who has switched will be on these forums! 

of course, but the fact people were paid out earlier than the Ts and Cs suggested they would coupled with the fact only a handful of people on this thread been paid out with at least 1 paid out with a later initiation date than me it does seem to suggest maybe they have paid out too early by mistake, anyway fact remains, ive still not been paid out!

Don't see why it would be a mistake on Santander's part. I think it's far more likely they're just making an early start on processing the bonuses. Not everyone will have been paid yet simply because they're still working through the list. 

It's not a mistake nor is it early - the funds were owed once you met the criteria; they just have up to 60 day limit to pay it

Up to 60 days to assess plus 30 days more to pay.

'We will assess the Qualifying Account 60 days after the switch has been instructed to decide whether you have qualified for the Switcher Offer and the Cashback Payment under these Terms. If you qualify, we will make the Cashback Payment to you within the next 30 days following our decision.'

The crux being that money becomes due (from the account holder's position) once they've met the criteria. The remainder is simply time for bank fulfilment of the offer.

Anyway, got a notification that my £130 has been deposited today

soulsaver

Deleted User said:

soulsaver said:

Deleted User said:

Fingerbobs said:

FUrake said:

harz99 said:

FUrake said:

Fingerbobs said:

FUrake said:

The_Green_Hornet said:

harz99 said:

FUrake said:

Seems there's no rhyme or reason to who is getting paid first 

Actually there is, everyone who was paid yesterday (with one exception) initiated their switch w/c 13/9. That one exception was only a day later in initiating on 20/9.

However, what is far more interesting is that so far, nobody has reported being paid today!

Even more interesting is that, even if you initiated the switch on the 13th September, the 60 day assessment point isn't reached until 12th November so it looks like someone at Santander has jumped the gun.

yeh I was thinking this earlier, maybe they've paid out too early to some people by mistake

If the customer has already met the requirements, why delay paying the bonus? 

As long as they check again after the 60 day deadline in cases where the requirements haven't been met yet, I see no mistake.

in that case more people would have already been paid out than we have heard from

Quite possibly there will have been far more, simply because not everyone who has switched will be on these forums! 

of course, but the fact people were paid out earlier than the Ts and Cs suggested they would coupled with the fact only a handful of people on this thread been paid out with at least 1 paid out with a later initiation date than me it does seem to suggest maybe they have paid out too early by mistake, anyway fact remains, ive still not been paid out!

Don't see why it would be a mistake on Santander's part. I think it's far more likely they're just making an early start on processing the bonuses. Not everyone will have been paid yet simply because they're still working through the list. 

It's not a mistake nor is it early - the funds were owed once you met the criteria; they just have up to 60 day limit to pay it

Up to 60 days to assess plus 30 days more to pay.

'We will assess the Qualifying Account 60 days after the switch has been instructed to decide whether you have qualified for the Switcher Offer and the Cashback Payment under these Terms. If you qualify, we will make the Cashback Payment to you within the next 30 days following our decision.'

The crux being that money becomes due (from the account holder's position) once they've met the criteria. The remainder is simply time for bank fulfilment of the offer.

Anyway, got a notification that my £130 has been deposited today

The money is due per the terms which I quoted.

PRAISETHESUN

Got an email this morning telling me to double check I'd met all the criteria - logged in to check as I was very sure I'd met all the criteria and low and behold I've been paid. Very smooth and efficient. Account is all set up to switch away somewhere else for the next offer

EDIT:

And for what it's worth - I'd previously acted as a referrer for the previous Amazon bonanza, but didn't switch an account to Santander

soulsaver

PRAISETHESUN said:

Got an email this morning telling me to double check I'd met all the criteria - logged in to check as I was very sure I'd met all the criteria and low and behold I've been paid. Very smooth and efficient. Account is all set up to switch away somewhere else for the next offer

EDIT:

And for what it's worth - I'd previously acted as a referrer for the previous Amazon bonanza, but didn't switch an account to Santander

Did you open an additional new account or use an existing? By phone or branch?
TIA

StevieD54

I switched my ‘main’ account from Santander 123 to Virgin Money earlier this year, but this £130 offer is certainly making me think hard about going back to Santander.  At the same time as I switched to Virgin, I opened a Santander ‘basic’ current account with a few hundred £ in to keep a local option, as I have a branch nearby.  But I’m a bit unsure as to whether I meet the criteria to go back, as I have that Santander current account (the DD’s and monthly pay in amount criteria are not a problem)