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

danny13579

Nasqueron said:

I suspect the idea is that if they all trigger payment together the banks may not pick up on it until too late - though not to say they won't simply take the money back

Unless things have changed this year compared to previous years (which is possible, though I think unlikely) that's not how it works. Each bank seems to operate independently of each other hence why many of us have received bonuses from all 3 in the past. They don't just all appear in people's accounts at the same time.

You can apply for 2 or all 3 at the same time, fulfil all the criteria at the same time, but you won't necessarily receive 2 or 3 bonuses at the same time. There can be days in between receiving each one.

GTR_King

Still no update as to when my account is opened but app all set up! Just waiting for account to be available on the app! Did anyone get instant decision? Or did you have to wait 2 days 

masonic

In my experience the payment timescales vary between the three brands.

danny13579

movingon said:

Why can't you put the money in now, no matter whether you are going for the triple or not? I don't think it is clear that they want the money after you have switched is it? "Deposit £1,250 into your account and log in to our mobile banking app within 60 days" (after applying to switch)

It's "within 60 days of switching to your eligible account". It is unclear whether it's within 60 days of the switch starting or completing. 

Nasqueron

danny13579 said:

Nasqueron said:

I suspect the idea is that if they all trigger payment together the banks may not pick up on it until too late - though not to say they won't simply take the money back

Unless things have changed this year compared to previous years (which is possible, though I think unlikely) that's not how it works. Each bank seems to operate independently of each other hence why many of us have received bonuses from all 3 in the past. They don't just all appear in people's accounts at the same time.

You can apply for 2 or all 3 at the same time, fulfil all the criteria at the same time, but you won't necessarily receive 2 or 3 bonuses at the same time. There can be days in between receiving each one.

What I mean is, they are presumably hoping to push this through to try and get the 3x bonuses together hoping to prevent any internal systems picking up this if they are paid in quick succession rather than doing 1 a week. If the bank comms talk to each other and a box is ticked saying a bonus is paid then doing it within 2 seconds or 2 weeks won't matter.

I didn't say they wouldn't get it or that the banks won't be able to check, but they may well have changed their systems now and if you got one from say NatWest in January 2020 (as I did) then an RBS bonus may not pay out if you switch, hence I'm not doing this one unless someone else gets paid out in that situation. 

danny13579

Nasqueron said:

but they may well have changed their systems now and if you got one from say NatWest in January 2020 (as I did) then an RBS bonus may not pay out if you switch, hence I'm not doing this one unless someone else gets paid out in that situation. 

They may have or they may not have. Unless someone on here works for NatWest we don't know. I'm not expecting to get anything from this offer but it doesn't mean I'm not going to try.

SickGroove

danny13579 said:

Nasqueron said:

I suspect the idea is that if they all trigger payment together the banks may not pick up on it until too late - though not to say they won't simply take the money back

Unless things have changed this year compared to previous years (which is possible, though I think unlikely) that's not how it works. Each bank seems to operate independently of each other hence why many of us have received bonuses from all 3 in the past. They don't just all appear in people's accounts at the same time.

You can apply for 2 or all 3 at the same time, fulfil all the criteria at the same time, but you won't necessarily receive 2 or 3 bonuses at the same time. There can be days in between receiving each one.

So you think it's ok to transfer the £1250 in each, once each switch completes IE mine complete in 3, 6 & 7 days, rather than wait til they've all completed?

I've never applied or had any previous switch bonus from any of these 3 btw

DPR87

Anyone signed up with Ulster? Got confirmation of a switch date from them. Got a text saying card and PIN is on the way.
But no email or anything with account number or sort code. No online banking details either.

danny13579

SickGroove said:

So you think it's ok to transfer the £1250 in each, once each switch completes IE mine complete in 3, 6 & 7 days, rather than wait til they've all completed?

Yes, each switch is separate to each other. You have 60 days do to this anyway so if you want to be extra extra cautious you could just wait and do it all together after the 7 days.

I don't think it makes any difference really when you transfer your £1,250, the terms say "within 60 days of switching to your eligible account", it's unclear whether it's within 60 days of the switch starting or completing, so I think it's probably safer to wait until it has completed.

Middle_of_the_Road

Nasqueron said:

danny13579 said:

Nasqueron said:

I suspect the idea is that if they all trigger payment together the banks may not pick up on it until too late - though not to say they won't simply take the money back

Unless things have changed this year compared to previous years (which is possible, though I think unlikely) that's not how it works. Each bank seems to operate independently of each other hence why many of us have received bonuses from all 3 in the past. They don't just all appear in people's accounts at the same time.

You can apply for 2 or all 3 at the same time, fulfil all the criteria at the same time, but you won't necessarily receive 2 or 3 bonuses at the same time. There can be days in between receiving each one.

What I mean is, they are presumably hoping to push this through to try and get the 3x bonuses together hoping to prevent any internal systems picking up this if they are paid in quick succession rather than doing 1 a week. If the bank comms talk to each other and a box is ticked saying a bonus is paid then doing it within 2 seconds or 2 weeks won't matter.

I didn't say they wouldn't get it or that the banks won't be able to check, but they may well have changed their systems now and if you got one from say NatWest in January 2020 (as I did) then an RBS bonus may not pay out if you switch, hence I'm not doing this one unless someone else gets paid out in that situation. 

Last year when I did all three, they were weeks apart, and they all paid out. I wasn't trying to beat the system by doing them all at once, as it gave them plenty of time to apply the restrictions.  
If they have tightened things up, not sure what the outcome of trying all three at once could be.