New Natwest / RBS / Ulster Bank £200 Switch Incentive

averageguy11

Re the NW Select account offer my switch completed today with a small transferred balance ..how quickly do i have to pay in the difference to make it up to £1250

TIA

dealyboy

Hi @averageguy11 ...

averageguy11 said:

Re the NW Select account offer my switch completed today with a small transferred balance ..how quickly do i have to pay in the difference to make it up to £1250

TIA

... as soon as you like ... typically when all of the four conditions are met you will get the incentive a couple of days later.

BTW you could have done a quick in and out as soon as you had full access to your account.

dealyboy

Hi @pecunianonolet ...

pecunianonolet said:

Right, that was a strange application process with Ulster. No email, no text, no search, no document upload trigger. Only a reference number at the end. Selected switch date 23rd March (earliest).

Strange question was. Do you have a bank account? Didn't specify if in general or with Ulster so said yes and put down the date of my oldest account. Anyhow, they will be in touch and maybe in a few weeks time there will be a reward. Halifax next....

 and @flaneurs_lobster ...

flaneurs_lobster said:

pecunianonolet said:

Strange question was. Do you have a bank account? Didn't specify if in general or with Ulster so said yes and put down the date of my oldest account. 

I too assumed that they wanted my oldest (still running) account, couldn't remember if it was July or August 1992.

... yes that foxed a few of us and I panicked when it dawned on me (after I had applied) that it was probably meant to be with UB (I might be disqualified for the incentive!) and I had put the date for my Nationwide FlexDirect account, but others disagreed with me ... I even phoned up UB and NW. They said it wouldn't make any difference and so it has proved.

@pecunianonolet
Check out @The_Green_Hornet (above) for the timeline ... have just passed hurdle 5.
Edit: PS  the date you selected for the switch will be the start date not completion.

averageguy11

dealyboy said:

Hi @averageguy11 ...

averageguy11 said:

Re the NW Select account offer my switch completed today with a small transferred balance ..how quickly do i have to pay in the difference to make it up to £1250

TIA

... as soon as you like ... typically when all of the four conditions are met you will get the incentive a couple of days later.

BTW you could have done a quick in and out as soon as you had full access to your account.

Thanks….I see that others have popped it in and straight out….I’ve now deposited the full sum and will see what happens…I’ve already had their text confirming the switch etc…Is the £200 automated or manually done?

AmityNeon

• 16-Feb (Thu): applied online (application reference noted on-screen; Equifax hard search recorded)
• 21-Feb (Tue): post received - application form (wet signature required)
• 22-Feb (Wed): application form returned by post
• 01-Mar (Wed):
  • email - 'Your current account switch has started!' (completion 08-Mar)
  • SMS - 'Thanks for switching to us' (completion 08-Mar)
• 02-Mar (Thu):
  • email - 'Here's your Customer Number'
  • post received - debit card
• 03-Mar (Fri):
  • post received - card PIN
  • SMS - 'Your current account is now open'
  • SMS - 'Your Anytime Banking Activation Code'
• 04-Mar (Sat):
  • Logged into online/mobile banking with Customer Number and Activation Code
    • Card reader ordered
    • £1250 deposited/withdrawn
  • email - 'View your latest mail online'
    • digital mailbox - 'Your new account' welcome letter (dated 28-Feb) with account details
• 06-Mar (Mon):
  • email - 'Your regular payments have all been transferred'
  • SMS - 'Your switch is progressing'
• 08-Mar (Wed):
  • email - 'Done and dusted. Your current account has been fully switched'
  • SMS - 'Your switch to us is complete'
• 10-Mar (Fri):
  • post received - credit book
  • SMS - 'Thanks for switching to Ulster Bank. Great news, your £200 is in your account.'
• 11-Mar (Sat): post received - card reader

SVts

They seem very old fashioned and slow to say the least. I applied on Sunday and heard nothing yet but reading posts on here it seems that's par for the course. Wish I had left my application 24 hours and switched to Halifax instead.
I'm not surprised they almost went bust as they seem very inefficient. 

pecunianonolet

SVts said:

They seem very old fashioned and slow to say the least. I applied on Sunday and heard nothing yet but reading posts on here it seems that's par for the course. Wish I had left my application 24 hours and switched to Halifax instead.
I'm not surprised they almost went bust as they seem very inefficient. 

Just get yourself another donor account and bag the Halifax one on top not instead :-) 

dealyboy

averageguy11 said:

dealyboy said:

Hi @averageguy11 ...

averageguy11 said:

Re the NW Select account offer my switch completed today with a small transferred balance ..how quickly do i have to pay in the difference to make it up to £1250

TIA

... as soon as you like ... typically when all of the four conditions are met you will get the incentive a couple of days later.

BTW you could have done a quick in and out as soon as you had full access to your account.

Thanks….I see that others have popped it in and straight out….I’ve now deposited the full sum and will see what happens…I’ve already had their text confirming the switch etc…Is the £200 automated or manually done?

...  it is automatic.

gele

Hi
Following on from last couple of posts, with the Halifax one do you have to pay in £1500 per month? and is the Nat West one just a one of payment of £1250 with no expectation of further monthly payments. 
Thanks

danny13579

Yes and yes.