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

rider22

Bridlington1 said:

Good morning,

NatWest have now launched a £200 switching offer today. See:
https://www.natwest.com/current-accounts/switch-your-banking-to-natwest.html



EDIT:
RBS have also launched a £200 switching offer. See:
https://www.rbs.co.uk/current-accounts/switch-your-bank-account-to-rbs.html

can we apply for both natwest and ulster at the same time ? 

Bazzalona13295

Apologies for asking but my phone is playing up and it cannot load/see stuff properly.

Am I right in thinking that : 

We don't need direct debits 
Having a Nat West current account does not exclude me from RBS as I have never switched to them?

Many thanks

Stargunner

Malchester said:

I have Ulster Bank current account. Can I switch to natwest or rbs and qualify for the switch bonus? 

No you can’t. You need to switch a non LBG bank account.


Edit, I should of typed non Nat West Group 

myth123

Last received a NatWest switching bonus in 2018. But I have received RBS and Ulster bonuses since 2020. Will give it a shot anyway as got some burner accounts to cull anyway.

WillPS

Stargunner said:

Malchester said:

I have Ulster Bank current account. Can I switch to natwest or rbs and qualify for the switch bonus? 

No you can’t. You need to switch a non LBG bank account.

You probably mean Natwest Group, not Lloyds Banking Group. I'm pretty sure there's nothing in the terms to stop an Ulster Bank or RBS account from being switched in to Natwest for the bonus either - all it defines is 'non-Natwest current account'. To be extra safe you could switch to RBS instead, who only state 'non-RBS current account', as you could potentially argue Ulster Bank accounts are Natwest [Group], but definitely not RBS (since RBS Group is no longer a thing).

FWIW I probably would avoid switching Natwest Group accounts between one another, just on the off chance they use it to link records together and enforce the (rarely/never enforced) group-wide blockout.

Nasqueron

I think it's worth an attempt with a switch - I haven't taken advantage of a switcher offer since 1/1/2020 - I did it in 2019 - that they paid the bonus in 2020 isn't specifically ruled out in the terms or indeed made clear - I guess it comes down to how they define "taken advantage" - worst case I have to do it as a complaint to the bank and/or FOS and see because to my view, as it doesn't say "bonus paid since 1/1/2020" for example it's not clear enough

PRAISETHESUN

changearound1 said:

 Worth noting this sneaky little clause in the T&Cs:

'For a payment to be counted towards the £1,250, the funds must remain in the account for a period of 24 hours.'

I was also going to comment on this as this is the first time I've seen something like this for a switch offer. Either way at least it's spelt out clearly

pecunianonolet

OH and I had the triple last year and it was the easiest and pain free account switch yielding £1200. Ulster did take a bit longer but they all paid (worth looking up the advice in the old thread about the Ulster branches to use in the application etc.). Would love to repeat but guess that's me out of the game for a few years.  

Good luck to all those eligible!

gwiddecommbe

I have just done this but did not receive any email confirmation that I have sub other switch application. Did anybody else get a confirmation email? 

macy08

superdayold said:

Organgrinder said:

HillStreetBlues said:

Can I open an new account with bank A  today then once account is opened  switch to bank B to get the award?

Yes. I just added a Chase account via the app and used that. No card. No direct debits. Just £1 in the account.

Oops, wish i'd read this, I was just getting an additional DD onto my chase account for the Lloyds offer (didnt really want to lose chase, but seemed too good to miss). 

Then this morning I saw the Natwest and jumped in and used my Chase account, that has one DD and 1 setting up (even though they werent needed for the offer). 

I havent yet been through the ID check. So I am thinking 2 options. 

1. Could I cancel the Natwest switch and start again with a new additional chase account? Or 

2. Before it switches, could i add another Chase account to use for Lloyds (and get the DDs set up)? Or do they view it as the Main Chase account, from which i wouldnt be able to hold additional?

Sorry, so many questions, but i want to take advantage of both.

I'd open another Chase account right now so you still have one active when the original one switches away.  Chase allow up to 10??? current accounts at any one time.  From what I understand the debit card will move to the next current account if the original one is closed.