NatWest switch offer

Se1Lad

TheBanker said:

ForumUser7 said:

atlantis187 said:

What is the criteria for the premier reward?

https://www.natwest.com/premier-banking/products/current-accounts/premier-reward-account.html

Income

Pay a minimum £100k sole income or £120k joint income into a NatWest account

Mortgage borrowings

Have £500k minimum of mortgage borrowings with us

Savings or investments

A minimum of £100k savings or investments held with us

In practice you'd need to meet the Income threshold. 

Natwest's mortgage rates aren't generally the best so you'd save more than £96 per year by using a more competitive lender. And given their savings rates and the fact you'd be over the £85k FSCS thresholds, only a mad man would deposit >£100k into a Natwest savings account. Their investment proposition isn't competitive either. 

Agreed - the only savings account worth having is the digital regular saver 

Greg89

I've received my bank card, pin

Greg89

Received my card, pin, I haven't got my password or passcode yet which I can't set up the app 

Greg89

I've paid in £1 just to test 

However I tried paying in the rest and frustratingly I need my card reader instead of using my passcode 

I hope I'm still allowed to pay in the rest and receive the incentive, which I'll do in the evening 

Afourteen

You only get the £200 if you agree to On-Line banking. So it's a bribe to get you to put your finances on the web... Are happy with doing that?

ForumUser7

Greg89 said:

Received my card, pin, I haven't got my password or passcode yet which I can't set up the app 

You need to register for the online banking first, which gives you credentials to set up the app.

Afourteen said:

You only get the £200 if you agree to On-Line banking. So it's a bribe to get you to put your finances on the web... Are happy with doing that?

For £600 I was more than happy to do this - given I manage all accounts that have online facilities online anyway

Greg89

I logged into my app and thought will deposit the amount later after depositing £1

ForumUser7

Greg89 said:

I logged into my app and thought will deposit the amount later after depositing £1

Greg89 said:

I've paid in £1 just to test 

However I tried paying in the rest and frustratingly I need my card reader instead of using my passcode 

I hope I'm still allowed to pay in the rest and receive the incentive, which I'll do in the evening 

For the offer you need to deposit £1,250. You should not require a card reader to do the deposit, but you will need it to make a withdrawal of over £1,000 each day for the first few days - this is because NatWest does not allow biometric registration yet, it becomes a possibility after more account activity and time has passed but there does not seem to be a set criteria for when it becomes available. What I did for Ulster was deposited £1,250 by faster payment, then withdraw £1,000 by faster payment, then withdrew £250 by debit card into an account that accepts deposits by debit card.

Greg89

I already deposited £1.3k, 

What happens if I have DD amounting to £300?

So it will take £300 at end of the month 

I didn't know I have to withdraw £1000. Can't I transfer that into another account 

-deposit the required £1250
-log into the app

Can I still get the incentive? Because I did deposited the required amount and logged in however due to DD been paid, £300 will get knocked off??

ForumUser7

Greg89 said:

I already deposited £1.3k, 

What happens if I have DD amounting to £300?

So it will take £300 at end of the month 

I didn't know I have to withdraw £1000.

Can I still get the incentive? Because I did deposited the required amount and logged in however due to DD been paid, £300 will get knocked off 

With all three I deposited £1.25k and withdrew it straight after. You should be fine