New Natwest / RBS / Ulster Bank £200 Switch Incentive

overspender22

grizzlegrizzle said:

Expotter said:

AmityNeon said:

kisaki757 said:

This is my first time trying to use one of these offers (for any bank). I currently have a joint account with Santander. I want to switch to NatWest, preferably the free account ("Select" acct).

I might be daft but don't understand how to initiate the switch. From their website, I go "Switch here". It takes me further down the page where the legal stuff is and below that there is a section with "All okay? Apply for a bank account online today. " When I hit "continue" there, I only get these options:

• Open a sole Select account
• Open a Joint Select account
• Change my existing NatWest current account to a Select account
• Switch a current account held elsewhere to my existing NatWest current account

I don't get it, how do I switch???

You can't switch to NatWest if you don't hold a NatWest account, so you need to open the account first. The switch application is integrated into the current account application, although if you do experience problems, you can always switch after the account is already open (last option).

According to the T&C:

1. New customers

 To get £200, 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 from 14th February 2023. The application must then successfully result in an open account. Please note that in some cases, if you apply for a NatWest Select or Reward account and do not meet criteria for that particular account type, we can open a Foundation account for you instead. If this happens you will still be eligible for this offer if you also meet conditions 1(b), 1(c) and 1(d) below;

(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 [if any] to your new eligible account) using the Current Account Switch Service online or via the mobile app;

(c) deposit £1,250 into your new eligible account within 60 days of opening your new eligible account; and

(d) log into our mobile banking service within 60 days of opening your new eligible account.

I believe this means that new customers must switch at the time of application in order to qualify, only existing customers, i.e with accounts opened before 14/02/23 can initiate a switch at any time.

If you're a new customer without a NatWest account then as soon as you open a NatWest account you become an existing customer.

You can initiate your account switch separately from the account application and still qualify for the bonus. 

Read the terms again. It says under ‘existing customers’ that an ‘existing eligible account’ must have been opened prior to the 14th feb 2023. Meaning any account opened on 14th or later needs to complete the switch as part of the application. Doing it after will invalidate the offer. 

pecunianonolet

So if I opened a RBS account in December and a Natwest account in Jan and now switch into them I should be elegible for the bonus. What comms are they sending out? Lloyds kept me in the loop nicely with text messages. 

flaneurs_lobster

pecunianonolet said:

So if I opened a RBS account in December and a Natwest account in Jan and now switch into them I should be elegible for the bonus. 

Yes, assuming you did not receive a switch bonus from any NatWest Group bank between1st October 2017 and 13th February 2023.

What comms are they sending out? Lloyds kept me in the loop nicely with text messages. 

Who? I've had switch confirmations by SMS giving completion dates from RBS (account opened in the 1990's) and NatWest (account opened last week).

Blade200

Just started my switch today. Went through the application and completed the verification part at the end. Haven't received any email providing my sort code and account number. I entered the details of the account I'm switching from but It never asked me to choose a switching date (like I have had before with other switches). Is this normal?

flaneurs_lobster

Blade200 said:

Just started my switch today. Went through the application and completed the verification part at the end. Haven't received any email providing my sort code and account number. I entered the details of the account I'm switching from but It never asked me to choose a switching date (like I have had before with other switches). Is this normal?

Which bank? 

Blade200

flaneurs_lobster said:

Blade200 said:

Just started my switch today. Went through the application and completed the verification part at the end. Haven't received any email providing my sort code and account number. I entered the details of the account I'm switching from but It never asked me to choose a switching date (like I have had before with other switches). Is this normal?

Which bank? 

Switching from Halifax

Expotter

grizzlegrizzle said:

Expotter said:

AmityNeon said:

kisaki757 said:

This is my first time trying to use one of these offers (for any bank). I currently have a joint account with Santander. I want to switch to NatWest, preferably the free account ("Select" acct).

I might be daft but don't understand how to initiate the switch. From their website, I go "Switch here". It takes me further down the page where the legal stuff is and below that there is a section with "All okay? Apply for a bank account online today. " When I hit "continue" there, I only get these options:

• Open a sole Select account
• Open a Joint Select account
• Change my existing NatWest current account to a Select account
• Switch a current account held elsewhere to my existing NatWest current account

I don't get it, how do I switch???

You can't switch to NatWest if you don't hold a NatWest account, so you need to open the account first. The switch application is integrated into the current account application, although if you do experience problems, you can always switch after the account is already open (last option).

According to the T&C:

1. New customers

 To get £200, 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 from 14th February 2023. The application must then successfully result in an open account. Please note that in some cases, if you apply for a NatWest Select or Reward account and do not meet criteria for that particular account type, we can open a Foundation account for you instead. If this happens you will still be eligible for this offer if you also meet conditions 1(b), 1(c) and 1(d) below;

(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 [if any] to your new eligible account) using the Current Account Switch Service online or via the mobile app;

(c) deposit £1,250 into your new eligible account within 60 days of opening your new eligible account; and

(d) log into our mobile banking service within 60 days of opening your new eligible account.

I believe this means that new customers must switch at the time of application in order to qualify, only existing customers, i.e with accounts opened before 14/02/23 can initiate a switch at any time.

If you're a new customer without a NatWest account then as soon as you open a NatWest account you become an existing customer.

You can initiate your account switch separately from the account application and still qualify for the bonus. 

Not according to their T&C

2. Existing customers
If you already have a NatWest Select, Foundation, Reward, Reward Silver, Select Silver, Reward Platinum, Select Platinum, Premier Select, Premier Reward, Black account or Premier Reward Black account (‘existing eligible account’) opened prior to 14th February 2023

It specifically defines existing customers as those with accounts opened before Feb 14th/2023

flaneurs_lobster

Blade200 said:

flaneurs_lobster said:

Blade200 said:

Just started my switch today. Went through the application and completed the verification part at the end. Haven't received any email providing my sort code and account number. I entered the details of the account I'm switching from but It never asked me to choose a switching date (like I have had before with other switches). Is this normal?

Which bank? 

Switching from Halifax

to which bank

Blade200

flaneurs_lobster said:

Blade200 said:

flaneurs_lobster said:

Blade200 said:

Just started my switch today. Went through the application and completed the verification part at the end. Haven't received any email providing my sort code and account number. I entered the details of the account I'm switching from but It never asked me to choose a switching date (like I have had before with other switches). Is this normal?

Which bank? 

Switching from Halifax

to which bank

Oh sorry to natwest

pecunianonolet

flaneurs_lobster said:

pecunianonolet said:

So if I opened a RBS account in December and a Natwest account in Jan and now switch into them I should be elegible for the bonus. 

Yes, assuming you did not receive a switch bonus from any NatWest Group bank between1st October 2017 and 13th February 2023.

What comms are they sending out? Lloyds kept me in the loop nicely with text messages. 

Who? I've had switch confirmations by SMS giving completion dates from RBS (account opened in the 1990's) and NatWest (account opened last week).

Initiated the switches yesterday with RBS and Natwest and no comms at all, no email, no text.