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

GTR_King

Anyone that applied for NatWest did your application get approved straight away? Or did you have wait up to 2 days 

paddyposh

Does the £1250 actually have to stay in for 24 hours? Or anyone had any joy by depositing and taking it back out sooner

danny13579

paddyposh said:

Does the £1250 actually have to stay in for 24 hours? Or anyone had any joy by depositing and taking it back out sooner

This is a new condition, it was never a requirement of previous switch offers. So no one knows how rigidly this condition will be enforced, if at all. Taking it out sooner than the 24 hours may cost you your switching bonus, then again it may not make any difference. Only you can decide if you want to take that chance.

mrniceguy111

Hi all! I am just about to start my bank switch journey. I just managed to login to my online banking with my dummy account (Bank of Scotland). I have put it a tenner in it already as well but I don't have my debit card just yet.

Question:
When can I do the switch? Is it too early as I literally just got it today and haven't really used it for any transaction.
Do I need to wait for my debit card and actually make a transaction with it?
Does switching straightaway after just creating a new current account takes a big affect in my credit score?

Hopefully you can help me with my questions! I'm planning on switching to Ulster as I heard it takes quite a while to get this sorted.

Thanks!

northwalesd

My NatWest debit card just arrived in the post. According to emails/texts both switch to NatWest and RBS should be complete by Mon 26th.

mrniceguy111

GTR_King said:

Anyone that applied for NatWest did your application get approved straight away? Or did you have wait up to 2 days 

Applied on Friday, was able to set up mobile banking pretty much straightaway and I just had my debit card today. So it was pretty quick in general

mrniceguy111

northwalesd said:

My NatWest debit card just arrived in the post. According to emails/texts both switch to NatWest and RBS should be complete by Mon 26th.

Did you get more emails about this? I only got 1 basically saying the switch has started and should be finished by the 26th. I just received my debit card today as well however no other email about the switch. 

danny13579

mrniceguy111 said:

northwalesd said:

My NatWest debit card just arrived in the post. According to emails/texts both switch to NatWest and RBS should be complete by Mon 26th.

Did you get more emails about this? I only got 1 basically saying the switch has started and should be finished by the 26th. I just received my debit card today as well however no other email about the switch. 

They don't keep emailing/texting you about the switch. You'll receive a text when the switch has completed, and another when they (hopefully) pay your bonus.

Archerychick

mrniceguy111 said:

Hi all! I am just about to start my bank switch journey. I just managed to login to my online banking with my dummy account (Bank of Scotland). I have put it a tenner in it already as well but I don't have my debit card just yet.

Question:
When can I do the switch? Is it too early as I literally just got it today and haven't really used it for any transaction.
Do I need to wait for my debit card and actually make a transaction with it?
Does switching straightaway after just creating a new current account takes a big affect in my credit score?

Hopefully you can help me with my questions! I'm planning on switching to Ulster as I heard it takes quite a while to get this sorted.

Thanks!

I switched using a nationwide account which had only been open a week and I had £1 in it. The switch has been accepted and happens later this month.

Middle_of_the_Road

mrniceguy111 said:

Hi all! I am just about to start my bank switch journey. I just managed to login to my online banking with my dummy account (Bank of Scotland). I have put it a tenner in it already as well but I don't have my debit card just yet.

Question:
When can I do the switch? Is it too early as I literally just got it today and haven't really used it for any transaction. You don't have to have used the card to be able to switch the account.

Do I need to wait for my debit card and actually make a transaction with it? No, but you will need the card number to provide to Ulster Bank.

Does switching straightaway after just creating a new current account takes a big affect in my credit score?
If you are going to be opening and closing accounts, it can have an effect, but credit scores are not really that important. A few bank switches will not harm a well managed credit history.

Hopefully you can help me with my questions! I'm planning on switching to Ulster as I heard it takes quite a while to get this sorted.

Thanks!

See my answers in bold above.

You can probably see your new debit card number if you have the Bank of Scotland app. If the app is the same as Lloyds and Halifax.... tap manage card.. bottom right corner... then view card details.

Not sure why you're preferring Ulster out of the three, do you see a benefit for the process to take longer, which is normally true for Ulster Bank?