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  • FIRST POST
    • poiuytr
    • By poiuytr 10th Jan 19, 3:44 PM
    • 2Posts
    • 0Thanks
    poiuytr
    Will I get in trouble for this?
    • #1
    • 10th Jan 19, 3:44 PM
    Will I get in trouble for this? 10th Jan 19 at 3:44 PM
    I dropped out of uni about a year ago but have still been using my Santander student account. I just forgot about it at first and then just used it since it was there, but recently have been wanting to close it and open a current account instead. However I noticed that Natwest have a deal right now that if you switch your current account from another bank to the Natwest existing bank account then you can get 150. At first I wanted to do this, but then I was wondering if Santander would ask why I'm closing my student account in this way, and I'd get in trouble for keeping it open too long? Does anyone have any experience in this or any advice? Thank you!
Page 1
    • _shel
    • By _shel 10th Jan 19, 3:50 PM
    • 1,729 Posts
    • 3,137 Thanks
    _shel
    • #2
    • 10th Jan 19, 3:50 PM
    • #2
    • 10th Jan 19, 3:50 PM
    I dropped out of uni about a year ago but have still been using my Santander student account. I just forgot about it at first and then just used it since it was there, but recently have been wanting to close it and open a current account instead. However I noticed that Natwest have a deal right now that if you switch your current account from another bank to the Natwest existing bank account then you can get 150. At first I wanted to do this, but then I was wondering if Santander would ask why I'm closing my student account in this way, and I'd get in trouble for keeping it open too long? Does anyone have any experience in this or any advice? Thank you!
    Originally posted by poiuytr
    Read the terms & conditions from NatWest. Generally you need to be transferring direct debits. Assuming you have none.
    • poiuytr
    • By poiuytr 10th Jan 19, 4:13 PM
    • 2 Posts
    • 0 Thanks
    poiuytr
    • #3
    • 10th Jan 19, 4:13 PM
    • #3
    • 10th Jan 19, 4:13 PM
    Read the terms & conditions from NatWest. Generally you need to be transferring direct debits. Assuming you have none.
    Originally posted by _shel
    Hi! I've checked and didn't see anything about direct debits (tho I can set one up to pay my mum for rent if they're necessary, not sure if that counts or not though).
    From what I see, this is what counts as eligible:

    a) transfer a non-NW current account to your existing eligible current account (which includes closing your non-NW current
    account and moving all your payment instructions to your eligible current account) using the Current Account Switch
    Service online or through a branch;
    (b) deposit 1,500 into your eligible current account; and
    (c) log into our online or mobile banking service,

    b and c I can do, but I'm not sure if my student account counts as a current account to meet point a? Even then, I'm still worried that santander would question why I closed my student account in this way (but I'm not sure if they'd care or not)
    Thank you!
    • Drogan
    • By Drogan 10th Jan 19, 7:47 PM
    • 2 Posts
    • 1 Thanks
    Drogan
    • #4
    • 10th Jan 19, 7:47 PM
    • #4
    • 10th Jan 19, 7:47 PM
    You wouldn't even need to speak with Santander as NatWest would deal with the switch and arrange closure as part of this. As long as you're not in your overdraft on your Santander account then it will close and that would be that as far as I'm aware.
    • _shel
    • By _shel 13th Jan 19, 2:11 AM
    • 1,729 Posts
    • 3,137 Thanks
    _shel
    • #5
    • 13th Jan 19, 2:11 AM
    • #5
    • 13th Jan 19, 2:11 AM
    Hi! I've checked and didn't see anything about direct debits (tho I can set one up to pay my mum for rent if they're necessary, not sure if that counts or not though).
    From what I see, this is what counts as eligible:

    a) transfer a non-NW current account to your existing eligible current account (which includes closing your non-NW current
    account and moving all your payment instructions to your eligible current account) using the Current Account Switch
    Service online or through a branch;
    (b) deposit 1,500 into your eligible current account; and
    (c) log into our online or mobile banking service,

    b and c I can do, but I'm not sure if my student account counts as a current account to meet point a? Even then, I'm still worried that santander would question why I closed my student account in this way (but I'm not sure if they'd care or not)
    Thank you!
    Originally posted by poiuytr
    Moving payment instructions means your direct debits. And moving not setting new ones up.
    • ashanimatarage
    • By ashanimatarage 19th Jan 19, 8:30 AM
    • 2 Posts
    • 0 Thanks
    ashanimatarage
    • #6
    • 19th Jan 19, 8:30 AM
    • #6
    • 19th Jan 19, 8:30 AM
    Peruse the terms and conditions from NatWest. For the most part you should exchange coordinate charges. Accepting you have none.
    • tacpot12
    • By tacpot12 19th Jan 19, 9:22 AM
    • 1,886 Posts
    • 1,610 Thanks
    tacpot12
    • #7
    • 19th Jan 19, 9:22 AM
    • #7
    • 19th Jan 19, 9:22 AM
    I pretty sure that Santander offer a grace period to move out the student account product, so I don't think you will be in any trouble for having continued to operate your student account. Best to move out of via the route described above.
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always check official information sources before relying on my posts.
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