Direct debit rules

pcpaul22

Hi,
When doing a bank account switch do the rules re direct debits have to be monthly or is a quarterly DD ok?

TIA

Zanderman

It depends on the terms of the switch offer.  Which bank is it?


 

pridehappy

Best to check with the bank, although it will usually need to take payment within a given period to count. For example, if the period is 60 days, it would have to take at least one payment within them 60 days.

pcpaul22

Zanderman said:

It depends on the terms of the switch offer.  Which bank is it?


 

it's Natwest

MikeJXE

You don't need direct debits for the NatWest switch

MikeJXE

Switch your bank account to NatWest and get our £200 offer 

• Apply online or via our mobile app to switch a current account held elsewhere (using the Current Account Switch Service) into a NatWest account from 14th February 2023 to receive our offer of £200.
• Deposit £1,250 into your account and log into our mobile banking app within 60 days. App eligibility criteria apply.
• When you meet these conditions we’ll pay £200 into your eligible account within 7 days.

If you've previously received a switching incentive from NatWest Group, you will not be eligible for this offer. Offer can be withdrawn or amended at any time.