NatWest/RBS/Ulster £200 Switching Offer 15/2/2024-2/4/2024

Tonski

What are people's opinions on switching multiple dummy accounts from Chase shortly after opening the account? I opened an account with Chase about 2 weeks ago and immediately created a 2nd account with I then switched to Natwest and got the £200. Is it too risky to open a 3rd account and switch immediately again to get the RBS offer or is this likely to lead to all accounts being closed by Chase?

PRAISETHESUN

Tonski said:

What are people's opinions on switching multiple dummy accounts from Chase shortly after opening the account? I opened an account with Chase about 2 weeks ago and immediately created a 2nd account with I then switched to Natwest and got the £200. Is it too risky to open a 3rd account and switch immediately again to get the RBS offer or is this likely to lead to all accounts being closed by Chase?

I've not seen anyone report having their Chase accounts closed for (mis)using them for switching. I'm not too fussed with them myself so am happy to chance losing them if they decide to take action, but I can imagine some people would be unhappy to lose the 1% cashback if they are using Chase as a main spending account.

danny13579

Tonski said:

What are people's opinions on switching multiple dummy accounts from Chase shortly after opening the account? I opened an account with Chase about 2 weeks ago and immediately created a 2nd account with I then switched to Natwest and got the £200. Is it too risky to open a 3rd account and switch immediately again to get the RBS offer or is this likely to lead to all accounts being closed by Chase?

I haven't heard of Chase closing accounts or banning people for multiple switches out, unlike other banks like Starling or Lloyds. I'm sure they're not overjoyed at people opening accounts with them and switching out, but they still allow people open up to 10 current accounts so I think the risk of using one of your Chase accounts to switch to RBS and Chase closing your account for doing so would be low.

Hattie627

Hattie627 said:

My switch to RBS Select current account completed on Tuesday morning (12th March). I paid £1500 into the RBS account the same day (which remains in the account). I have logged into the app several times since the switch completed.

No sign of the bonus yet (midday, Thursday 14th March). Never received an incentive from RBS/NatWest/Ulster Bank.

Has something gone wrong or am I being premature?

Thanks for any thoughts.

£200 bonus just received into RBS account. 

sheffieldeagle

Just received my second bonus. No problems with the Ulster process apart from the slight inconvenience of the ferry trip. All good.

Cheers

Ponchos

Emily_Joy said:

Ponchos said:

Ponchos said:

I applied for the NW Select account yesterday and today I've seen an email saying...

"Thanks for trying to set up a SELECT account. But we can’t open it for you.

Why not?

We need to check your identity when you open a bank account. Unfortunately, we couldn’t do this with the information you gave us.

We’re sorry it didn’t work out this time. Thanks for your interest in the account and we hope it doesn’t put you off using our other services."

I went through the whole HooYu thing and it said there was no problem and it was processing. Today I ave applied to Ulster and they're going to get back to me (which I understand from this thread is normal because they take longer), and also RBS, which was a virtually identical application process to NW, and they sent me a text and email both confirming my account is being set up. At the end of each application, NW and RBS both showed my sort code, accout number, customer number and reference number, so the application must have gone through to a degree, just NW have rejected it where RBS have accepted it. All applications were done online.

What's the best thing to do with NW? Is there a way to appeal this rejection, or can I apply again from scratch, or is that it, they just won't give me an account?

An update to this...

I've spoken to NW live chat, and they've said that my application was rejected (not "can't be opened", as the email stated) because of a bad identity confirming selfie. I told them that they sent me a text message with a link to HooYu showing the identity confirmation page, which shows "Liveness check was successful", but was told in chat that after oassing through HooYu the photos checked checked elsewhere (presumably by NW) and that mine didn't have enough light. If it didn't have enough light then why tell me the photo is verified? Very frustrating. However, I can reapply (and "make sure the lighting is better") but this will mean anotehr credit check. I've just looked at my profile, my score has dropped 4 points but my credit card option have moved up to the next "possibility/eligibility" bracket, though my profile isn't live and the next updated report is in April. RBS have accepted me straight away after I applied yesterday (strangely as it's the EXACT same system and I did the same thing with the selfie...!), and this search hasn't appeared on my credit file yet.

So I'm wondering whether to apply again, given that it's another search, and there's no guarantee that because HooYu says I'm verified that I actually am verified, and I could get rejected again for such a rubbish reason. Anyone had similar happen to them?

EDIT - I also applied to Ulster yesterday and they've just sent me a text message to go through the HooYu thing, which I've done one my phone despite the "smile in the circle" thing being kind of clunky (do they want an extreme close up?!). I've done the same thing three times, one accepted straight away, one rejected quickly, see what happens this time...!

My suggestion would be to visit a NatWest branch in person to have it sorted. I have had a lot of trouble with HooYu when I applied to RBS. Fortunately, local NatWest branch staff is simply amazing and were able to verify my identity manually quickly.

Good idea. When you visited the branch was it to open a new account from the beginning or to verify your identity after already applying online?

Bazzalona13295

Triple crown completed.

Thankyou to everyone for help/advice.

Bridlington1

PRAISETHESUN said:

Tonski said:

What are people's opinions on switching multiple dummy accounts from Chase shortly after opening the account? I opened an account with Chase about 2 weeks ago and immediately created a 2nd account with I then switched to Natwest and got the £200. Is it too risky to open a 3rd account and switch immediately again to get the RBS offer or is this likely to lead to all accounts being closed by Chase?

I've not seen anyone report having their Chase accounts closed for (mis)using them for switching. I'm not too fussed with them myself so am happy to chance losing them if they decide to take action, but I can imagine some people would be unhappy to lose the 1% cashback if they are using Chase as a main spending account.

Though on the other hand, prior to my LBG lifetime ban I last switched out an account from LBG in December 2022 if my memory serves me well and they didn't decide to give me a lifetime ban till March 2023 (after 3 months of doing no switches in/out of LBG). I'd personally be slightly concerned that three switches out in quick succession from newly opened accounts could come back to haunt me a few months (possibly longer) down the line.

Whilst Chase aren't offering much now, they could come up with something worth having later down the line. They have only recently joined the CASS, I don't think it's inconceivable that they could launch a switching offer at some point later down the line and/or add some other loss leaders into the mix.

Dominic_Blake1

Update:  I received my third bonus this afternoon (Ulster Bank), successfully conquering the triumvirate! 

superdayold

Completed the 3 yesterday afternoon, after ulster switched on Monday and funds in on the 12th