Can I do both the NatWest and RBS Premier £1000 switch and save offer?

avocado1988

https://forums.moneysavingexpert.com/discussion/comment/82035102#Comment_82035102

Thanks again Danny on this! This sounds like a plan - final caveat (as AI seems to suggest below):

The phrases "Pay £100,000 into your new Flexible Saver account" and "The £100,000 must be kept in your new Flexible Saver account for 30 consecutive days" mean the total balance must hit £100,000 and stay at or above £100,000 for the full 30 days.

So I feel doing the split of the 100k might not work based on the Terms and Conditions in bold above! What do you think?

Otherwise I’m all happy with the plan:)

danny13579

My interpretation of it is that you can put the £100k in stages and once each of those stages is in the account for 30 days that satisfies the T&Cs. However, I can see how it could be interpreted as having to deposit £100k in total and then the 30 day clock starts.

You deposit £50k for 30 days. Withdraw it. You deposit £50k for 30 days. Withdraw it. You've deposited a total of £100k into the account and it's all been kept in the account for 30 days.

For the other interpretation, the wording would need to say something like "the account must maintain a balance of £100k+ for 30 consecutive days", which it doesn't.

If they were to interpret it differently than you and I do, and decline you the £750, you can open a complaint with them and then escalate it to the FOS if necessary. The FOS really dislikes unclear terms, and the banks still don't put much effort into writing clear, unambiguous terms, despite having cases against them brought to the FOS over it (hello Co-op Bank! 👋).

I still stick with my interpretation though, not that it's worth anything. If you decide to message NatWest before going for it, get screenshots or a transcript of the conversation.