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

HillStreetBlues

Yorkshire_Pud said:

WillPS said:

Yorkshire_Pud said:

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

Yes because they are making sure no one does the in/out shuffle, say £250 five times in a day. Don’t know the answer to the second part of your question.

The in/out shuffle is still perfectly possible, it just takes 5+ days. The point above the 24 hours one makes this clear.

Please enlighten me because what has 24hours got to do with 5+ days? Thanks.

The money needs to stay into the account for 24 hours.
So if you paid in £250 waited 24 hours then transferred it out, then back in again and repeat, it would take a minimum of 5 days.

Nasqueron

Yorkshire_Pud said:

WillPS said:

Yorkshire_Pud said:

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

Yes because they are making sure no one does the in/out shuffle, say £250 five times in a day. Don’t know the answer to the second part of your question.

The in/out shuffle is still perfectly possible, it just takes 5+ days. The point above the 24 hours one makes this clear.

Please enlighten me because what has 24hours got to do with 5+ days? Thanks.

I believe the idea is that you must leave money in the account for 1 day - but you could move £250 in, leave it for a day move out, then move £250 back in, leave it for a day etc rather than doing £1250 all in one go

Advice2017

Hi

Following on from my post above, sorry if I'm being dim, but how would it be possible to open a new account with all three NatWest, Ulster and RBS now and get paid 3 x switching bonus?  Because the terms say: "If you've previously received a switcher incentive from NatWest Group since 01 January 2020".

Doesn't this mean that once you open one account and get paid for switching, that will constitute a switcher incentive since 1 Jan 2020, meaning that by the time open the other two accounts, a bonus will have been paid and you won't get it again for the second two accounts.

Apols if I'm missing something?!

danny13579

Advice2017 said:

I am eligible for this offer with all three banks, NatWest, Ulster and RBS.  Have I correctly understood, that it is possible to apply now for a new account with all three N, U and RBS and switch in and get the incentive three times?

No, according to the terms you're eligible for this offer with one of the three banks assuming you haven't received a switching offer from any of the three banks since January 2020.

However, based on how they've operated this in the past many on here have received incentives from all three banks as each seems to run independently. There's no guarantee that this will happen this time. We just have to wait and see.

Advice2017 said:

Am I correct that no direct debits are needed?  The only requirement is to pay in the £1,250 and log in on mobile app?  That would make it much easier as I don't have DDs on the donor account. 

Yes, no DDs needed. You need to pay in £1,250 and leave it there for at least 24 hours. You can do this all together or in stages.

Advice2017 said:

I only have one spare account to switch in, but I do have Chase, so have I correctly understood it's easy to open 2 more now with Chase and just immediately switch them out.  Can't Chase object/cancel this if you do switch away so quickly?

Yes, you can do this. They could object/cancel if they wanted to but I've never heard of them doing this.

Yorkshire_Pud

HillStreetBlues said:

Yorkshire_Pud said:

WillPS said:

Yorkshire_Pud said:

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

Yes because they are making sure no one does the in/out shuffle, say £250 five times in a day. Don’t know the answer to the second part of your question.

The in/out shuffle is still perfectly possible, it just takes 5+ days. The point above the 24 hours one makes this clear.

Please enlighten me because what has 24hours got to do with 5+ days? Thanks.

The money needs to stay into the account for 24 hours.
So if you paid in £250 waited 24 hours then transferred it out, then back in again and repeat, it would take a minimum of 5 days.

OK I get it now! I will do the £1250 for 24 hours however as that seems how they intended it to work and I don’t want to give them a chance to deny me the £200, or extend the receipt of it. But yes for folks with less than their £1250 it’s good there is a workaround. 

Yorkshire_Pud

Nasqueron said:

Yorkshire_Pud said:

WillPS said:

Yorkshire_Pud said:

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

Yes because they are making sure no one does the in/out shuffle, say £250 five times in a day. Don’t know the answer to the second part of your question.

The in/out shuffle is still perfectly possible, it just takes 5+ days. The point above the 24 hours one makes this clear.

Please enlighten me because what has 24hours got to do with 5+ days? Thanks.

I believe the idea is that you must leave money in the account for 1 day - but you could move £250 in, leave it for a day move out, then move £250 back in, leave it for a day etc rather than doing £1250 all in one go

Ha ha clever stuff didn’t even occur to me this could be done.

PRAISETHESUN

Advice2017 said:

Hi

Following on from my post above, sorry if I'm being dim, but how would it be possible to open a new account with all three NatWest, Ulster and RBS now and get paid 3 x switching bonus?  Because the terms say: "If you've previously received a switcher incentive from NatWest Group since 01 January 2020".

Doesn't this mean that once you open one account and get paid for switching, that will constitute a switcher incentive since 1 Jan 2020, meaning that by the time open the other two accounts, a bonus will have been paid and you won't get it again for the second two accounts.

Apols if I'm missing something?!

Strictly speaking you are correct - the T&CS only allow one incentive to be paid.

NatWest/RBS/Ulster have historically not checked thoroughly enough however and many people have been paid multiple incentives in the past. People are gambling on this happening again, hence all the talk about the triple switch, etc.

HillStreetBlues

Yorkshire_Pud said:

HillStreetBlues said:

Yorkshire_Pud said:

WillPS said:

Yorkshire_Pud said:

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

Yes because they are making sure no one does the in/out shuffle, say £250 five times in a day. Don’t know the answer to the second part of your question.

The in/out shuffle is still perfectly possible, it just takes 5+ days. The point above the 24 hours one makes this clear.

Please enlighten me because what has 24hours got to do with 5+ days? Thanks.

The money needs to stay into the account for 24 hours.
So if you paid in £250 waited 24 hours then transferred it out, then back in again and repeat, it would take a minimum of 5 days.

OK I get it now! I will do the £1250 for 24 hours however as that seems how they intended it to work and I don’t want to give them a chance to deny me the £200, or extend the receipt of it. But yes for folks with less than their £1250 it’s good there is a workaround. 

You could do it with about £22, can't see anyone trying that thou.

youngretired

I've applied for the Ulster account, as I would like the Loyalty Saver. During the application it gave me the reserved account details and allowed me to pick the switch date and choose a memorable password.

I was expecting to do the ID process during the application like Natwest, but didn't get the option. All I got was a application reference and statement they will complete their final checks and text or email within the next few days to advise on the next steps. Also statement saying once we receive your paperwork, we'll complete your application.

Did all other Ulster new customers have the same or did you provide ID during the application?

Advice2017

Thank you very much danny13579 for your helpful replies.  I will try all 3 then, nothing to lose I guess. Fingers crossed!