New NatWest Switching offer starting 24th Jan 2022

binaryuniverse

Had the bonus in 2017. But, with Barclays losing the perks, I may as well give this a punt. 
I'll be wanting the fee free credit card, soon, anyways. The switch bonus would be an extra topping.

bevmk127

Still waiting for the switching payment that said 11 Feb 

alewin

The other switching offers from First Direct and Santander state that you need to deposit at least £1000 to qualify for the switching bonus, but NatWest state you need to deposit £1250, which seems like a definite figure.

I deposited just more than £1250 and it's got me thinking how they have worded the terms.

samal

Same here, £1250 deposited today, now waiting for the bonus.

Wonder if you can withdraw the £1250 tomorrow or have to leave it until bonus paid

PRAISETHESUN

samal said:

Same here, £1250 deposited today, now waiting for the bonus.

Wonder if you can withdraw the £1250 tomorrow or have to leave it until bonus paid

If it's not specified in the terms then there's no need to keep the money in the account. You can FP in then immediately FP out again if that's what you'd prefer.

WillPS

alewin said:

The other switching offers from First Direct and Santander state that you need to deposit at least £1000 to qualify for the switching bonus, but NatWest state you need to deposit £1250, which seems like a definite figure.

I deposited just more than £1250 and it's got me thinking how they have worded the terms.

If you've deposited £1251 it's also true you have deposited £1250.

alewin

WillPS said:

If you've deposited £1251 it's also true you have deposited £1250.

True, I'm just overthinking I think.

chris1

dcs34 said:

Thoughts on existing customers opening a new account and switching into that? T&Cs talk about existing accounts or new customers but not the third permutation.

Did you find the answer to this?

Netherspark

Has anyone recieved their £150 yet?

In the terms it says "by 9th of June", but also that if you close your account before the 9th of June you won't be paid.  This makes it sound like they're withholding the payment until that date.

dcs34

chris1 said:

dcs34 said:

Thoughts on existing customers opening a new account and switching into that? T&Cs talk about existing accounts or new customers but not the third permutation.

Did you find the answer to this?

Sadly, I have already had money from NatWest and RBS for switching so not eligible for this offer.