Anyone switched for the NatWest £175

spinningsheep

I did this in September. Already had a Natwest select account that was not used, offer was available to new and existing account holders so I switched a redundant Barclays account to get the switch bonus. I paid in £1250 out of my savings. Does anyone know, do you have to leave the £1250 in there until January to gain the bonus or can I transfer it back to my saving account again. 

gary1312

spinningsheep said:

I did this in September. Already had a Natwest select account that was not used, offer was available to new and existing account holders so I switched a redundant Barclays account to get the switch bonus. I paid in £1250 out of my savings. Does anyone know, do you have to leave the £1250 in there until January to gain the bonus or can I transfer it back to my saving account again. 

You can transfer it out, nothing in the T&Cs says it has to be there a certain amount of time.

spinningsheep

gary1312 said:

spinningsheep said:

I did this in September. Already had a Natwest select account that was not used, offer was available to new and existing account holders so I switched a redundant Barclays account to get the switch bonus. I paid in £1250 out of my savings. Does anyone know, do you have to leave the £1250 in there until January to gain the bonus or can I transfer it back to my saving account again. 

You can transfer it out, nothing in the T&Cs says it has to be there a certain amount of time.

Thanks @gary1312, I did wonder but wasn't able to get a definitive answer in my local natwest branch. I know you have to log into the app regularly but wasn't too sure on the funds part. 

gary1312

spinningsheep said:

gary1312 said:

spinningsheep said:

I did this in September. Already had a Natwest select account that was not used, offer was available to new and existing account holders so I switched a redundant Barclays account to get the switch bonus. I paid in £1250 out of my savings. Does anyone know, do you have to leave the £1250 in there until January to gain the bonus or can I transfer it back to my saving account again. 

You can transfer it out, nothing in the T&Cs says it has to be there a certain amount of time.

Thanks @gary1312, I did wonder but wasn't able to get a definitive answer in my local natwest branch. I know you have to log into the app regularly but wasn't too sure on the funds part. 

You're welcome.

I have Reward accounts with RBS and Natwest, both of which specify a minimum monthly pay-in, but the money is never in there longer than a few minutes. Your only obligation was to pay in the £1250...........entirely down to you if you choose to withdraw £1249 of it minutes later!

creditmanessex

Is there a deadline of when you have to pay in by or if you sign up in November it needs to be by the end of the month?

Zanderman

creditmanessex said:

Is there a deadline of when you have to pay in by or if you sign up in November it needs to be by the end of the month?

Always worth saving a copy of the terms for this sort of info!  

https://www.natwest.com/content/dam/natwest_com/currentaccounts/downloads/Q3Switcher_NW_TCs_2022FINAL.pdf says

before 16th December 2022, deposit £1,250 into your existing eligible account and log into our mobile banking service.

creditmanessex

So they payout in Jan? For some reason I thought it was Dec

overspender22

Has anyone that switched during September not received the bonus? Keep seeing people say they’ve already received it ….

jankers30

Bonus received today, switched in October 

overspender22

I’m worried now - my switch completed end of September