Anyone switched for the NatWest £175

spinningsheep · 6 November 2022 at 4:43PM

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 · 6 November 2022 at 6:13PM

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 · 6 November 2022 at 6:28PM

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 · 6 November 2022 at 8:13PM

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!