New NatWest Switching offer starting 24th Jan 2022

Zanderman

£150 switching offer launching tomorrow:

https://www.natwest.com/content/dam/natwest/personal/permanent/current-accounts/documents/nw-pers-switcher-terms-january-2022.pdf

(acknowledging danielwoolnough on hukd for posting there)

New customers 

To get £150, you must: 

(a) apply online for a NatWest Select, Reward, Premier Select or Premier Reward account (‘new eligible account’) via natwest.com or the mobile app between 24th January 2022 and 7th April 2022 by 5pm (the application must then successfully result in an open account) 

(b) as part of your application, transfer a non-NatWest current account to your new eligible account (which includes closing your non-NatWest current account and moving all your payment instructions to your new eligible account) using the Current Account Switch Service online or via the mobile app; and 

(c) after your new account is opened and before 12th May 2022, deposit £1,250 into your new eligible account and log into our mobile banking service. If you meet these conditions, we’ll pay £150 into your new eligible account by 9th June 2022. 2. 

Existing customers If you already have a NatWest Select, Reward, Reward Silver, Reward Platinum, Premier Select, Premier Reward or Premier Reward Black account (‘existing eligible account’) opened prior to 24th January 2022, to get £150 you must: 

(a) by 5pm, 7th April 2022, transfer a non-NatWest current account to your existing eligible account (which includes closing your non-NatWest current account and moving all your payment instructions to your existing eligible account) using the Current Account Switch Service online; and 

(b) before 12th May 2022, deposit £1,250 into your existing eligible account and log into our mobile banking service. If you meet these conditions, we’ll pay £150 into your existing eligible account by 9th June 2022.

Exclusions

You won’t be eligible for this offer if you’ve already taken advantage of a cash switcher offer from NatWest, Royal Bank of Scotland and/or Ulster Bank between October 2017 and 24th January 2022. 

Joint account holders will only be eligible for one payment. 

You can only benefit from this offer once, meaning that even if you apply, successfully open an account, and meet the conditions of this offer for more than one eligible account, you’ll only receive one payment.

jackjones01

They have updated the website already:

https://www.natwest.com/current-accounts.html

GTR_King

Looks like a good offer, might have to switch my Santander account 

PRAISETHESUN

GTR_King said:

Looks like a good offer, might have to switch my Santander account 

Just keep in mind Santander are also offering an incentive at the moment - if you took advantage of the offer last year you won't be eligible, but just thought to mention it before you switch away

https://forums.moneysavingexpert.com/discussion/6328986/new-santander-switch-offer-available-jan-22/p1

GTR_King

PRAISETHESUN said:

GTR_King said:

Looks like a good offer, might have to switch my Santander account 

Just keep in mind Santander are also offering an incentive at the moment - if you took advantage of the offer last year you won't be eligible, but just thought to mention it before you switch away

https://forums.moneysavingexpert.com/discussion/6328986/new-santander-switch-offer-available-jan-22/p1

I did Santander switch offer last year, but thanks for the mention anyway 

cx6

The 2017 date kills it for me.

RN61

Historically they haven't been very diligent at investigating whether you've had a switch payment before....

GTR_King

Never been with NatWest they any good? 

cx6

Let's put it this way - I wouldn't put my 'main' current account there.

Brewer21

RN61 said:

Historically they haven't been very diligent at investigating whether you've had a switch payment before....

I've had an account since 2017 (for the switch offer) trouble is it's a long time to wait, until June 9th for them to say sorry you won't get the incentive.

dcs34

cx6 said:

Let's put it this way - I wouldn't put my 'main' current account there.

Whereas, they've been my main current account for years and never had an issues.