NatWest/RBS My Rewards Update

flaneurs_lobster

sausage_time said:

PRAISETHESUN said:

I've had login issues with my RBS rewards profile for years, so I already have to access them through the app. The ability to deposit rewards directly into savings accounts is nice - but kinda naff if you can't use this to exceed the monthly deposit limit on their digital regular savers

I confirmed with a "post Cora" human chat that you can't exceed the £150 deposit limit.   Shame.

Well clearly you can exceed the £150 limit, either by moving rewards or by simple transfer from a current account.

What's not clear (at least to me) is what happens to this naughty excess funding.

kaMelo

flaneurs_lobster said:

sausage_time said:

PRAISETHESUN said:

I've had login issues with my RBS rewards profile for years, so I already have to access them through the app. The ability to deposit rewards directly into savings accounts is nice - but kinda naff if you can't use this to exceed the monthly deposit limit on their digital regular savers

I confirmed with a "post Cora" human chat that you can't exceed the £150 deposit limit.   Shame.

Well clearly you can exceed the £150 limit, either by moving rewards or by simple transfer from a current account.

What's not clear (at least to me) is what happens to this naughty excess funding.

Transfers to the DRS from a current account in excess of the monthly £150 limit are sent back a few days later as "DRS OVERFUND"  

flaneurs_lobster

kaMelo said:

flaneurs_lobster said:

sausage_time said:

PRAISETHESUN said:

I've had login issues with my RBS rewards profile for years, so I already have to access them through the app. The ability to deposit rewards directly into savings accounts is nice - but kinda naff if you can't use this to exceed the monthly deposit limit on their digital regular savers

I confirmed with a "post Cora" human chat that you can't exceed the £150 deposit limit.   Shame.

Well clearly you can exceed the £150 limit, either by moving rewards or by simple transfer from a current account.

What's not clear (at least to me) is what happens to this naughty excess funding.

Transfers to the DRS from a current account in excess of the monthly £150 limit are sent back a few days later as "DRS OVERFUND"  

My Rewards credit has been sitting in the Digital Reg Saver account since 21/05. I'll try working out if it's been included in the interest calculation when it gets credited tomorrow.

kaMelo

flaneurs_lobster said:

kaMelo said:

flaneurs_lobster said:

sausage_time said:

PRAISETHESUN said:

I've had login issues with my RBS rewards profile for years, so I already have to access them through the app. The ability to deposit rewards directly into savings accounts is nice - but kinda naff if you can't use this to exceed the monthly deposit limit on their digital regular savers

I confirmed with a "post Cora" human chat that you can't exceed the £150 deposit limit.   Shame.

Well clearly you can exceed the £150 limit, either by moving rewards or by simple transfer from a current account.

What's not clear (at least to me) is what happens to this naughty excess funding.

Transfers to the DRS from a current account in excess of the monthly £150 limit are sent back a few days later as "DRS OVERFUND"  

My Rewards credit has been sitting in the Digital Reg Saver account since 21/05. I'll try working out if it's been included in the interest calculation when it gets credited tomorrow.

That's a lot longer than the time taken to refund an overpayment from a current account.
It's a long story as to why but I've mistakenly overfunded twice. Looking back it took 5 days on one occasion and six days on the second occasion.

ThePirates

Semi related question, hope you don't mind! 
Do I have to use the Standing Orders from my NatWest and RBS Current accounts to pay the monthly £150 into the respective Digital Savers or can I cancel them and pay in directly from my Nationwide Current Account?

jameseonline

ThePirates said:

Semi related question, hope you don't mind! 
Do I have to use the Standing Orders from my NatWest and RBS Current accounts to pay the monthly £150 into the respective Digital Savers or can I cancel them and pay in directly from my Nationwide Current Account?

You can pay in to the digital savers however you want, I pay into my digital savers via my virgin money account going into NatWest and RBS current accounts then moving the £150 into the digital savers.

ThePirates

jameseonline said:

ThePirates said:

Semi related question, hope you don't mind! 
Do I have to use the Standing Orders from my NatWest and RBS Current accounts to pay the monthly £150 into the respective Digital Savers or can I cancel them and pay in directly from my Nationwide Current Account?

You can pay in to the digital savers however you want, I pay into my digital savers via my virgin money account going into NatWest and RBS current accounts then moving the £150 into the digital savers.

What I want to do is avoid Tfr through the NatWest and RBS current accounts. Are they going to complain if I cancel the 2 sanding orders and pay in directly from Nationwide to the Savers?

jameseonline

ThePirates said:

jameseonline said:

ThePirates said:

Semi related question, hope you don't mind! 
Do I have to use the Standing Orders from my NatWest and RBS Current accounts to pay the monthly £150 into the respective Digital Savers or can I cancel them and pay in directly from my Nationwide Current Account?

You can pay in to the digital savers however you want, I pay into my digital savers via my virgin money account going into NatWest and RBS current accounts then moving the £150 into the digital savers.

What I want to do is avoid Tfr through the NatWest and RBS current accounts. Are they going to complain if I cancel the 2 sanding orders and pay in directly from Nationwide to the Savers?

Why would they complain?, I don't have standing orders to fund mine.

You don't have to pay in every month, its not really a traditional regular saver as it pays monthly, only upto £150 pay in (without doing that round up hack or whatever) a month so takes longer to max out at £5000.

So no tie ins/penalties for not funding etc.

Can't see any issues paying in directly as the digital savers have a sort code and account number.

Not sure why you want to avoid going through the current accounts either but it's your choice.

As for me it's just how I've got things setup, could delete the current accounts and setup the digital savers in my payee list I guess

Nasqueron

flaneurs_lobster said:

kaMelo said:

flaneurs_lobster said:

sausage_time said:

PRAISETHESUN said:

I've had login issues with my RBS rewards profile for years, so I already have to access them through the app. The ability to deposit rewards directly into savings accounts is nice - but kinda naff if you can't use this to exceed the monthly deposit limit on their digital regular savers

I confirmed with a "post Cora" human chat that you can't exceed the £150 deposit limit.   Shame.

Well clearly you can exceed the £150 limit, either by moving rewards or by simple transfer from a current account.

What's not clear (at least to me) is what happens to this naughty excess funding.

Transfers to the DRS from a current account in excess of the monthly £150 limit are sent back a few days later as "DRS OVERFUND"  

My Rewards credit has been sitting in the Digital Reg Saver account since 21/05. I'll try working out if it's been included in the interest calculation when it gets credited tomorrow.

Or tomorrow, it seems, Kroo pay the interest 1st of the month regardless of day, NatWest usually a day after the first working day (backdated) so for me at least, 4th!

friolento

Today, I had £10 arriving in my DRS from my Rewards. That makes £160 paid in for June. Let's see how long it stays there.