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  • FIRST POST
    • harz99
    • By harz99 10th Sep 19, 10:36 PM
    • 2,953Posts
    • 2,922Thanks
    harz99
    New Natwest switch offer. 150.
    • #1
    • 10th Sep 19, 10:36 PM
    New Natwest switch offer. 150. 10th Sep 19 at 10:36 PM
    I see from the latest weekly email from MSE that Natwest have joined RBS, I just wish MSE would spell out at the beginning of the article, and clearly, the account requirements in terms of DD/SO and payin moneys, AND why you cannot qualify if you've already had an incentive since/ever.

    Trumpeting the latest bribe isn't a lot of good to many here who will have pretty much had an incentive from every current account provider possible.
Page 1
    • Poor Leno
    • By Poor Leno 10th Sep 19, 10:48 PM
    • 53 Posts
    • 59 Thanks
    Poor Leno
    • #2
    • 10th Sep 19, 10:48 PM
    • #2
    • 10th Sep 19, 10:48 PM
    I see from the latest weekly email from MSE that Natwest have joined RBS, I just wish MSE would spell out at the beginning of the article, and clearly, the account requirements in terms of DD/SO and payin moneys, AND why you cannot qualify if you've already had an incentive since/ever.

    Trumpeting the latest bribe isn't a lot of good to many here who will have pretty much had an incentive from every current account provider possible.
    Originally posted by harz99
    simply because people would abuse it. When people run out of switch incentive offers, they resort to skimming off TSB's classic, Halifax's reward, Barclay's blue and Co-op reward accounts. There'a few of those round here (me included!). Otherwise we'd all just switch between Natwest/RBS and HSBC every other year for the top incentive.

    BTW, I don't disagree with you that it sucks though!!
    • JustAnotherSaver
    • By JustAnotherSaver 10th Sep 19, 11:20 PM
    • 4,138 Posts
    • 733 Thanks
    JustAnotherSaver
    • #3
    • 10th Sep 19, 11:20 PM
    • #3
    • 10th Sep 19, 11:20 PM
    I'm assuming having switched to RBS recently this doesn't impact on a switch to Natwest at all? I can't see how it would.


    Looks like i need to open up a new account with someone so that i can switch it for about the 5th time already.

    • harz99
    • By harz99 11th Sep 19, 12:31 AM
    • 2,953 Posts
    • 2,922 Thanks
    harz99
    • #4
    • 11th Sep 19, 12:31 AM
    • #4
    • 11th Sep 19, 12:31 AM
    I'm assuming having switched to RBS recently this doesn't impact on a switch to Natwest at all? I can't see how it would.


    Looks like i need to open up a new account with someone so that i can switch it for about the 5th time already.
    Originally posted by JustAnotherSaver
    The small print for the Natwest T&Cs:

    "If you meet the conditions for this offer, well pay 150 into your eligible current account by 21st February 2020.
    Please note:
    If you close your eligible current account before 21st February 2020, then no payments will be made to you.
    If you convert your eligible current account to another eligible current account, and you have met the conditions
    for this offer in relation to either your original eligible current account, or in relation to the one to which you have
    converted, payment will still be made to you.
    You wont be eligible for this offer if youve already taken advantage of a cash offer from NatWest, The Royal Bank
    of Scotland plc (RBS) and/or Ulster Bank Limited (Ulster) between October 2017 and July 2019 for:
    (i) opening a new current account and switching to NatWest/RBS/Ulster or
    (ii) upgrading your existing NatWest/RBS current accoun
    t.
    Joint account holders will only be eligible for one payment.
    You can only benefit from this offer once meaning that even if you apply, complete the account opening
    process, and meet the conditions of this offer for more than one eligible current account, youll only receive
    one payment. We can withdraw this offer at any time.
    What other conditions do you need to know?
    Youll be bound by Your Current Account Terms, which contain all the terms applicable to your eligible current account"
    • JustAnotherSaver
    • By JustAnotherSaver 11th Sep 19, 6:06 AM
    • 4,138 Posts
    • 733 Thanks
    JustAnotherSaver
    • #5
    • 11th Sep 19, 6:06 AM
    • #5
    • 11th Sep 19, 6:06 AM
    Ooh thats sneaky.

    Oh well, saves me managing another 5 switches then. Maybe another time.

    • LessRevenue
    • By LessRevenue 11th Sep 19, 9:25 AM
    • 1 Posts
    • 0 Thanks
    LessRevenue
    • #6
    • 11th Sep 19, 9:25 AM
    Oct 2017 to July 2019
    • #6
    • 11th Sep 19, 9:25 AM
    'Oct 2017 to July 2019'

    Guess this means I am eligible since I just applied for an RBS account a few days ago (September).

    Any one have a reason I wouldn't be eligible? Fair use etc
    • clivep
    • By clivep 11th Sep 19, 1:21 PM
    • 433 Posts
    • 225 Thanks
    clivep
    • #7
    • 11th Sep 19, 1:21 PM
    • #7
    • 11th Sep 19, 1:21 PM
    'Oct 2017 to July 2019'

    Guess this means I am eligible since I just applied for an RBS account a few days ago (September).

    Any one have a reason I wouldn't be eligible? Fair use etc
    Originally posted by LessRevenue

    Indeed.


    On a thread for the previous incentive someone posted that they were paid for both in such circumstances.
    • lovingtescoforever
    • By lovingtescoforever 11th Sep 19, 1:37 PM
    • 3,356 Posts
    • 67,503 Thanks
    lovingtescoforever
    • #8
    • 11th Sep 19, 1:37 PM
    • #8
    • 11th Sep 19, 1:37 PM
    I assume a joint current account would be fine to switch?

    However one of the names on the joint account is someone who’s done the offer last year .. so not sure?
    Last edited by lovingtescoforever; 11-09-2019 at 1:47 PM.
    • harz99
    • By harz99 11th Sep 19, 2:02 PM
    • 2,953 Posts
    • 2,922 Thanks
    harz99
    • #9
    • 11th Sep 19, 2:02 PM
    • #9
    • 11th Sep 19, 2:02 PM
    I assume a joint current account would be fine to switch?

    However one of the names on the joint account is someone whos done the offer last year .. so not sure?
    Originally posted by lovingtescoforever
    I would say that person needs to be removed from that account to make it solo before you switch.
    • irvin38aa
    • By irvin38aa 11th Sep 19, 2:31 PM
    • 12 Posts
    • 4 Thanks
    irvin38aa
    I applied for a Natwest account last night but it said it couldn’t go through because my details were on their system (I closed my account in 2014). So, I applied for an RBS account and that appears to have gone through but I haven’t had any emails to confirm my application etc.

    Anyone who has applied received confirmation!
    • Ghostcrawler
    • By Ghostcrawler 23rd Oct 19, 2:31 PM
    • 32 Posts
    • 2 Thanks
    Ghostcrawler
    I am new to NATWEST and RBS both, so if I switch my other 2 accounts, can I get the bonus from both? In T&C they say that you can only benefit from this bonus offer once but doesn't say if it's across NATWEST and RBS..
    • PRAISETHESUN
    • By PRAISETHESUN 23rd Oct 19, 4:50 PM
    • 1,383 Posts
    • 755 Thanks
    PRAISETHESUN
    I am new to NATWEST and RBS both, so if I switch my other 2 accounts, can I get the bonus from both? In T&C they say that you can only benefit from this bonus offer once but doesn't say if it's across NATWEST and RBS..
    Originally posted by hemanshu.trivedi
    You'll need to closely examine the T&Cs for both NatWest and RBS's offers. Typically these banks exclude you from each others offers (ie. you can't take advantage of a NatWest offer you've had a RBS offer, and vice versa). Even if you're new to both banks, unless you get them to pay you at exactly the same time, then as soon as you receive payment from one bank then this would automatically exclude you from being eligible for payment from the other bank.
    • tryin
    • By tryin 24th Oct 19, 11:36 AM
    • 209 Posts
    • 3,273 Thanks
    tryin
    You'll need to closely examine the T&Cs for both NatWest and RBS's offers. Typically these banks exclude you from each others offers (ie. you can't take advantage of a NatWest offer you've had a RBS offer, and vice versa). Even if you're new to both banks, unless you get them to pay you at exactly the same time, then as soon as you receive payment from one bank then this would automatically exclude you from being eligible for payment from the other bank.
    Originally posted by PRAISETHESUN
    What you are saying makes sense, but in the terms and conditions it says "You wont be eligible for this offer if youve already taken advantage of a cash offer from NatWest, The Royal Bank of Scotland plc (RBS) and/or Ulster Bank Limited (Ulster) between October 2017 and July 2019", so technically, since both accounts are getting the cash after July 2019, it shouldn't exclude him. It does also say that you can only benefit from this offer once, but each bank is technically a separate offer.

    Another thing to consider is how efficient are their computer systems, and will they pic up on it. Probably, but who knows?
    • PRAISETHESUN
    • By PRAISETHESUN 24th Oct 19, 3:50 PM
    • 1,383 Posts
    • 755 Thanks
    PRAISETHESUN
    What you are saying makes sense, but in the terms and conditions it says "You won’t be eligible for this offer if you’ve already taken advantage of a cash offer from NatWest, The Royal Bank of Scotland plc (‘RBS’) and/or Ulster Bank Limited (‘Ulster’) between October 2017 and July 2019", so technically, since both accounts are getting the cash after July 2019, it shouldn't exclude him. It does also say that you can only benefit from this offer once, but each bank is technically a separate offer.

    Another thing to consider is how efficient are their computer systems, and will they pic up on it. Probably, but who knows?
    Originally posted by tryin
    I think I see your reasoning. You are right in saying that each is a separate offer and technically you will be receiving both switch incentives after July 2019, which should keep you within the terms of both offers. Only problem might be if they class this as a single offer across both banks, in which case you'd fall foul of the last term. I'd be curious to see how well this works though.

    Also not sure how smart their computer systems are, but I'd imagine they wouldn't put those terms in the offer if they didn't have a flag accounts who are eligible for the offer or not?
    • Ghostcrawler
    • By Ghostcrawler 24th Oct 19, 4:52 PM
    • 32 Posts
    • 2 Thanks
    Ghostcrawler
    I just had very strange conversation with both NatWest and RBS. First called NatWest, I was put on hold briefly and he confidently confirmed that I will be able to get the switch offer from both as I am switching after July 2019 and new to both the banks. Then called up RBS to confirm this, after putting me on hold for long I was told that I can only benefit from one offer. I told him that NatWest confirmed that I will be able to get the offer from both and the guy from RBS said no I won't and he will raise this with NatWest.
    Not sure if I should still switch to both and see if I can get the switching bonus.
    • soulsaver
    • By soulsaver 25th Oct 19, 12:59 AM
    • 2,552 Posts
    • 1,269 Thanks
    soulsaver
    'Oct 2017 to July 2019'

    Guess this means I am eligible since I just applied for an RBS account a few days ago (September).

    Any one have a reason I wouldn't be eligible? Fair use etc
    Originally posted by LessRevenue
    You won't be eligible if you've had an incentive between Oct 2017 and July 2019.. irrespective of when you opened your latest account.
    • aau1
    • By aau1 25th Oct 19, 4:05 PM
    • 19,200 Posts
    • 329,383 Thanks
    aau1
    I just had very strange conversation with both NatWest and RBS. First called NatWest, I was put on hold briefly and he confidently confirmed that I will be able to get the switch offer from both as I am switching after July 2019 and new to both the banks. Then called up RBS to confirm this, after putting me on hold for long I was told that I can only benefit from one offer. I told him that NatWest confirmed that I will be able to get the offer from both and the guy from RBS said no I won't and he will raise this with NatWest.
    Not sure if I should still switch to both and see if I can get the switching bonus.
    Originally posted by hemanshu.trivedi
    Why did you phone RBS if Natwest had already told you what you wanted to hear?
    Apparently, everybody knows that the bird is the word a moorhen
    • Ghostcrawler
    • By Ghostcrawler 25th Oct 19, 4:17 PM
    • 32 Posts
    • 2 Thanks
    Ghostcrawler
    just to confirm and to be sure, so that can decide my next steps..
    • snowqueen555
    • By snowqueen555 26th Oct 19, 5:17 PM
    • 978 Posts
    • 653 Thanks
    snowqueen555
    just to confirm and to be sure, so that can decide my next steps..
    Originally posted by hemanshu.trivedi
    So what are you going to do? I switched to RBS in July 2019 so I'm wondering if I could take a punt and switch another account to Natwest. the T&Cs for Natwest say you can't, but it may be worth a try, nothing to lose.
    • Ghostcrawler
    • By Ghostcrawler 26th Oct 19, 7:34 PM
    • 32 Posts
    • 2 Thanks
    Ghostcrawler
    Exactly nothing to lose..i am going to switch over 2 of my existing current account which I don't use to NatWest and RBS on the same day and going to select the switch date as same if possible, they have different bonus pay out dates but not sure if they pay out early..going to try this and hoping to get 150 from both...
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