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  • FIRST POST
    • Sconeyj
    • By Sconeyj 10th Jan 18, 1:56 PM
    • 10Posts
    • 54Thanks
    Sconeyj
    NatWest 125 switch incentive
    • #1
    • 10th Jan 18, 1:56 PM
    NatWest 125 switch incentive 10th Jan 18 at 1:56 PM
    Just as I thought I'd exhausted every bank...up pops NatWest with a switch offer! 125 for switching, and no direct debits required. All you need to do is:
    • switch a non-NatWest account
    • deposit 1,500
    • log into online or mobile banking
    All before 16 March (although you need to apply for the account by 16 February).


    Happy days!
Page 3
    • badger09
    • By badger09 11th Jan 18, 11:56 AM
    • 6,005 Posts
    • 5,363 Thanks
    badger09
    Out of interest, can you switch a savings account as part of the switching process?
    Originally posted by wizzywig27
    No. The CASS is the Current Account Switching Service
    • badger09
    • By badger09 11th Jan 18, 11:59 AM
    • 6,005 Posts
    • 5,363 Thanks
    badger09
    When making that last post, I got a message that I had to wait at least 60 seconds between posts - and there were 17 to go.

    MSE thinks I'm a spammer

    I'm just impressed with my speed of response & typing skills
    • S_uk
    • By S_uk 11th Jan 18, 12:00 PM
    • 59 Posts
    • 14 Thanks
    S_uk
    I also have a few questions - I've had a select account for several years but I can see I can still switch another account to it. I plan to use my Nationwide to switch, but I don't have a debit card anymore (I destroyed it when I opened the account as I was using it for the 5% interest at the time). If I order a new debit card am I ok just to give the number on that during the switch, even though i've not used the card at all (not sure if they have to be activated in some way?).

    Also, as I've already got a select account set up and running with all my DDs etc, I assume switching another account to this won't affect any of these or the account number etc?
    • Zanderman
    • By Zanderman 11th Jan 18, 12:03 PM
    • 1,617 Posts
    • 4,168 Thanks
    Zanderman
    Out of interest, can you switch a savings account as part of the switching process?
    Originally posted by wizzywig27
    No. Switching is all about Current Accounts.
    • badger09
    • By badger09 11th Jan 18, 12:04 PM
    • 6,005 Posts
    • 5,363 Thanks
    badger09
    I also have a few questions - I've had a select account for several years but I can see I can still switch another account to it. I plan to use my Nationwide to switch, but I don't have a debit card anymore (I destroyed it when I opened the account as I was using it for the 5% interest at the time). If I order a new debit card am I ok just to give the number on that during the switch, even though i've not used the card at all (not sure if they have to be activated in some way?).

    Also, as I've already got a select account set up and running with all my DDs etc, I assume switching another account to this won't affect any of these or the account number etc?
    Originally posted by S_uk
    The switch application asks if you have a debit card for the account to be switched and if so, wants the details. You just answer that you don't have a card, no need to apply for one.

    Your Nationwide account will simply be switched into your Natwest account. Nothing will happen to your existing Natwest account but any payments into/out of Nationwide will be imported. Is that what you mean?
    • S_uk
    • By S_uk 11th Jan 18, 12:19 PM
    • 59 Posts
    • 14 Thanks
    S_uk
    The switch application asks if you have a debit card for the account to be switched and if so, wants the details. You just answer that you don't have a card, no need to apply for one.

    Your Nationwide account will simply be switched into your Natwest account. Nothing will happen to your existing Natwest account but any payments into/out of Nationwide will be imported. Is that what you mean?
    Originally posted by badger09
    Thank Badger09, yes I meant that as this is my main current account I already use I wouldn't want it changed in any way due to to switching another account to it. I assume during the switching process I can use my select account normally online, for payments etc?

    Re the debit card number, I thought I would have to order a new debit card with Nationwide as on the Natwest page to switch, if you already have an account it says:

    Was a debit card issued with this account?
    (Please note if you select 'No' and this is not the case your switch will be rejected)
    • Marvo5
    • By Marvo5 11th Jan 18, 12:52 PM
    • 166 Posts
    • 106 Thanks
    Marvo5
    Sweet! My nationwide one year deal ends February 7th, I couldn't have timed this offer any better if I'd sorted out the dates myself. I'm getting my appetite back for this now.
    • soulsaver
    • By soulsaver 11th Jan 18, 1:08 PM
    • 1,720 Posts
    • 690 Thanks
    soulsaver
    Re the debit card number, I thought I would have to order a new debit card with Nationwide as on the Natwest page to switch, if you already have an account it says:

    Was a debit card issued with this account?
    (Please note if you select 'No' and this is not the case your switch will be rejected)
    Originally posted by S_uk
    I didn't get that... for me or OH... not Nationwide, Clydesdale.
    Last edited by soulsaver; 11-01-2018 at 1:19 PM. Reason: not Nationwide, Clydesdale
    • soulsaver
    • By soulsaver 11th Jan 18, 1:17 PM
    • 1,720 Posts
    • 690 Thanks
    soulsaver
    After an easy peasy success yesterday, I tried to open a Select Ac online last night for OH.

    It didn't go through the same process as mine did in office hours... didn't have the digi ID check... didn't have the addy from post code - had to input it longhand... didn't get the full list of jobs drop down etc.

    Most importantly didn't get email saying you've been accepted.

    So had another go this am and it sailed through.. as mine did yesterday. So if you get issues late on, maybe leave it until their working hours 07:30 to 22:00 (think).

    I suspect after 10pm some support is taken down...
    • copperclock
    • By copperclock 11th Jan 18, 1:38 PM
    • 272 Posts
    • 327 Thanks
    copperclock
    Where does it say you have to deposit 1500? Do you have to do this every month?

    Edit: sorry, I see this now. You have to click onto the 'select' page
    • YorkshireBoy
    • By YorkshireBoy 11th Jan 18, 1:49 PM
    • 30,157 Posts
    • 18,015 Thanks
    YorkshireBoy
    I was a bit put off by the mention of ordering a card reader, which I detest. Obviously, not enough to forego an easy 125 though
    Originally posted by badger09
    I still have a drawer full of Natwest readers from my YB switching frenzy 3 years ago!
    • Frogletina
    • By Frogletina 11th Jan 18, 1:54 PM
    • 3,060 Posts
    • 11,067 Thanks
    Frogletina
    I've just been accepted for a select account. Was not offered an overdraft but that doesn't matter. I used a TSB classic account which has had a nil balance in it for quite a while - have just added a small amount to it.

    frogletina
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first

    SPC 8 #441 1567.31 SPC 9 #441 1014.64 SPC 10 #441 1164.13
    • harz99
    • By harz99 11th Jan 18, 2:14 PM
    • 2,673 Posts
    • 2,602 Thanks
    harz99
    Question switching Yorkshire to Natwest.
    Aargh, MSE just put this on the News column.


    So, I have a Yorkshire Bank a/c which I'm waiting on paying the 250 bonus due somewhere between day 63 13th Jan and day 70 20th Jan, do folks reckon it would be safe to apply for the Natwest account and date the switch for on or after Monday 22nd Jan, or would that likely compromise the 250 payment.


    I know I could open the Natwest a/c without switching, and switch after the 250 is paid, but worry that the switch offer will get pulled quickly when money floods in from former YB people like myself...
    • Westie983
    • By Westie983 11th Jan 18, 2:27 PM
    • 4,355 Posts
    • 14,911 Thanks
    Westie983
    Switching in Yorkshire, now my incentive has been paid this morning.

    Thanks Natwest

    Westie983
    Save 12k in 2018 #10 Total (25,000)+10,000/12,000 = 83.33%
    Sealed Pot Challenge ~ 11 #97 Total (410) + 40/500 = 8.00% ( x 11)
    Xmas 2018 1 a Day #2 Total 62.59/365 = 17.14%
    Virtual Sealed Pot #1 Total 900/1,000 = 90.00%
    2 Savers Club 2018 #16 Total (1,500)+-480/2,000 = 51.00%

    Total 12,022.59/15,865 = 75.78%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • KTF
    • By KTF 11th Jan 18, 2:36 PM
    • 4,654 Posts
    • 1,905 Thanks
    KTF
    I am also switching in my B account. If banks are daft enough to have an offer like this then so be it.
    • badger09
    • By badger09 11th Jan 18, 2:43 PM
    • 6,005 Posts
    • 5,363 Thanks
    badger09
    Thank Badger09, yes I meant that as this is my main current account I already use I wouldn't want it changed in any way due to to switching another account to it. I assume during the switching process I can use my select account normally online, for payments etc?

    Re the debit card number, I thought I would have to order a new debit card with Nationwide as on the Natwest page to switch, if you already have an account it says:

    Was a debit card issued with this account?
    (Please note if you select 'No' and this is not the case your switch will be rejected)
    Originally posted by S_uk
    I don't see your problem.

    No debit card was issued with your Nationwide account, so you select 'No'

    This is the case, so the bit in brackets doesn't apply.

    I think you've misunderstood the bit in brackets
    • KTF
    • By KTF 11th Jan 18, 2:44 PM
    • 4,654 Posts
    • 1,905 Thanks
    KTF
    If the switch is rejected, it doesnt matter as you can apply again with the correct details as existing customers still get the 150.
    • YorkshireBoy
    • By YorkshireBoy 11th Jan 18, 2:46 PM
    • 30,157 Posts
    • 18,015 Thanks
    YorkshireBoy
    Aargh, MSE just put this on the News column.


    So, I have a Yorkshire Bank a/c which I'm waiting on paying the 250 bonus due somewhere between day 63 13th Jan and day 70 20th Jan, do folks reckon it would be safe to apply for the Natwest account and date the switch for on or after Monday 22nd Jan, or would that likely compromise the 250 payment.


    I know I could open the Natwest a/c without switching, and switch after the 250 is paid, but worry that the switch offer will get pulled quickly when money floods in from former YB people like myself...
    Originally posted by harz99
    Get the account opened now would be my advice. You'll be able to pick a date up to 10/2 for the switch during the application. Alternatively, wait and switch in late February or early March.
    • badger09
    • By badger09 11th Jan 18, 2:50 PM
    • 6,005 Posts
    • 5,363 Thanks
    badger09
    After an easy peasy success yesterday, I tried to open a Select Ac online last night for OH.

    It didn't go through the same process as mine did in office hours... didn't have the digi ID check... didn't have the addy from post code - had to input it longhand... didn't get the full list of jobs drop down etc.

    Most importantly didn't get email saying you've been accepted.

    So had another go this am and it sailed through.. as mine did yesterday. So if you get issues late on, maybe leave it until their working hours 07:30 to 22:00 (think).

    I suspect after 10pm some support is taken down...
    Originally posted by soulsaver
    I applied just after 17.00 yesterday. Mid morning today I got email asking me to upload photo ID. 1st time I've done it so no idea if its ok, but big green ticks on screen, & despite laptop telling me it was still uploading, got 2 emails thanking me for docs

    What's next?
    • ToTo Man
    • By ToTo Man 11th Jan 18, 2:51 PM
    • 112 Posts
    • 31 Thanks
    ToTo Man
    At a cost of 2 per month, even without the switching bonus, the NW Reward account seems a good deal for those who have high monthly bills paid by DD as it offers 2% cashback on these. I've never switched my "main" current account that services the majority of my DD bills before, but am tempted to do so for this account. I've compared the NW Reward vs the Santander 123 Lite, and after paying the respective monthly fees the NW gives me 92 annual cashback vs 86 for the Santander Lite. Does anyone know how long the 2% cashback with NW on monthly DD bills is guaranteed for?
    Last edited by ToTo Man; 11-01-2018 at 3:04 PM.
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