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

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Comments

  • bioboybill
    bioboybill Posts: 3,490 Forumite
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    Does this look ok so far 


    Looks fine.
  • bioboybill
    bioboybill Posts: 3,490 Forumite
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    edited 26 March 2024 at 11:15AM
    I decided to go for the Ulster switch on Saturday evening. Completed the application form online, but haven't heard a thing since, not even from Hooyu. I know it was over a weekend, but I expected to at least get an ID check request. I selected a switch date of April 4th, but can't see that happening unless things speed up a bit.
  • rawy
    rawy Posts: 139 Forumite
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    Does the switch need to be fully completed by the 2nd 
    I've seen the 2nd April mentioned on MSE Website saying switches have to be by 2nd April, but I can't see anything in Ulster/Natwest T&Cs to say there is a time limit. My switch had to be restarted due to Chase being awkward & not being clear that Savings Accounts needs to be closed before any switch, so its going to switch on 4th April now.

    Will be interesting to know where 2nd April has come from.

    Rawy
  • fun4everyone
    fun4everyone Posts: 2,369 Forumite
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    edited 26 March 2024 at 11:39AM
    Does the switch need to be fully completed by the 2nd 
    Like the above posters I have just noticed this term has been added to the MSE page describing the offer here https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/

    Thats annoying - my natwest switch is due to complete on the 3rd april. I have no comeback since I already got the RBS cash but really gutted if I miss out by one day.  Also my Ulster switch hasnt even got to the ID request part yet. 
  • danco
    danco Posts: 316 Forumite
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    it is likely that the switch has to be started by 2nd April but not completed. Since you have already started switching, I guess it is simplest to wait and see.
  • bioboybill
    bioboybill Posts: 3,490 Forumite
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    edited 26 March 2024 at 11:58AM
    I just checked the T&Cs on Natwest and Ulster bank, and there is no mention of April 2nd.
  • Nasqueron
    Nasqueron Posts: 10,821 Forumite
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    I decided to go for the Ulster switch on Saturday evening. Completed the application form online, but haven't heard a thing since, not even from Hooyu. I know it was over a weekend, but I expected to at least get an ID check request. I selected a switch date of April 4th, but can't see that happening unless things speed up a bit.
    Same here albeit I only applied last night, will see what comes through. Switch was requested already. Decided to try and get this one as well as the RBS one so hopefully it will progress

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • RG2015
    RG2015 Posts: 6,064 Forumite
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    danco said:
    it is likely that the switch has to be started by 2nd April but not completed. Since you have already started switching, I guess it is simplest to wait and see.
    The terms include the folllowing:

    Withdrawal of Offer

    This offer may be changed, replaced, or withdrawn at any time. If we withdraw the offer and you’ve already applied to switch to an eligible account, you’ll still be entitled to receive £200, provided that you meet the conditions set ou t in these Terms.


  • dealyboy
    dealyboy Posts: 1,942 Forumite
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    Does the switch need to be fully completed by the 2nd 
    Like the above posters I have just noticed this term has been added to the MSE page describing the offer here https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/

    Thats annoying - my natwest switch is due to complete on the 3rd april. I have no comeback since I already got the RBS cash but really gutted if I miss out by one day.  Also my Ulster switch hasnt even got to the ID request part yet. 
    I did the NatWest Group and got the 'triple' last year; the switcher terms and conditions look very similar.

    As long as a person has not had a switch bonus from one of the three banks when making the application they are not ineligible, so in parallel is good, but commencing an application after receiving a bonus in theory makes one ineligible, but in practice ... well it seems a lot have done this.

    I don't know where the information about 2nd April came from, it doesn't seem to be anywhere else (yet) and normally banks pull a switch offer with very little notice. As @RG2015 says it's when one applies that counts, so you should be fine.

    Ulster Bank's process is a real pain, partly online, partly by letter ... and is very slow, three to four weeks maybe to point of receipt of the incentive. They don't always require ID either online or by mail, but sometimes they do, in my case they didn't and just required the signed return of the application letter confirmation page (received 5 days after applying online). There were a couple of long threads this time last year.
  • anna42hmr
    anna42hmr Posts: 2,892 Forumite
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    I just checked the T&Cs on Natwest and Ulster bank, and there is no mention of April 2nd.
    I wonder if MSE have been given the heads up for their publications.  

    Hopefully i will be able to request switch in time, as waiting on the account to be opened (applied on sunday without requesting a switch yet).  I had a text with the account number from Natwest today and stating they will email when the account is open, so hopefully once get that i can apply for online banking and then put the request in for a switch.   (the latest email had, also from today states that they are getting the account ready and will be open soon, but need to run a few checks???)

    Strangely the text message  states a customer number but the digits at the end that should follow the date of birth are all zeros so either that is an error, or there is all zeros after the date of birth, if its an error, hopefully that won't slow things down.   
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
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