NatWest £125 switch incentive

Sconeyj
Sconeyj Posts: 16 Forumite
Combo Breaker First Post First Anniversary
in Budgeting & bank accounts
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!
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Comments

  • B_G_B
    B_G_B Posts: 502 Forumite
    About half way down. The big red bit.
    https://beta.natwest.com/personal/current_accounts.html
  • beefturnmail
    beefturnmail Posts: 906 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Full t & c here: https://beta.natwest.com/content/dam/natwest/personal/current-accounts/documents/Switching_Offer_Terms_2018.pdf.

    My understanding is that it is limited to one incentive per customer - so you can't get it twice by (say) switching a joint account and a sole account
  • binaryuniverse
    binaryuniverse Posts: 906 Forumite
    First Anniversary First Post
    Just as I was about to give my credit files a rest. :rotfl:

    Tempted to just switch out Co-Op, as I may be dropping that once the Tesco DDs end anyway.
  • beefturnmail
    beefturnmail Posts: 906 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    binaryuniverse wrote: »
    Just as I was about to give my credit files a rest. :rotfl:

    Tempted to just switch out Co-Op, as I may be dropping that once the Tesco DDs end anyway.

    Same here. I might switch halifax instead for the same reason though I have a regular saver with them and can't remember if holding a current account is a condition of that
  • vacheron
    vacheron Posts: 1,603 Forumite
    Name Dropper First Anniversary First Post Photogenic
    edited 10 January 2018 at 4:28PM
    £6 in fees (assuming you leave after the payment on April 13th) for £125 back. I'll take that! :)
    • The rich buy assets.
    • The poor only have expenses.
    • The middle class buy liabilities they think are assets.
    Robert T. Kiyosaki
  • fabsaver
    fabsaver Posts: 1,275 Forumite
    Name Dropper First Post First Anniversary
    vacheron wrote: »
    £6 in fees (assuming you leave after the payment on April 13th) for £125 back. I'll take that! :)
    There is no monthly fee with the Select account.
  • BritOnABudget
    BritOnABudget Posts: 65 Forumite
    Sconeyj wrote: »
    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!

    How many times have you switched?
    House Deposit: £5,015.37:j
    Make £2018 in 2018 - £1399.45/£2018
    Save 7k in 2018 #25
    Emergency Fund - £0/£1000 = 90%
  • beefturnmail
    beefturnmail Posts: 906 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    2 accounts now opened (for myself and OH). So I will wait until getting the Feb reward payment from Co-op\Halifax before switching - reckon I can squeeze in the March reward too and still switch before 16 March?
  • fabsaver
    fabsaver Posts: 1,275 Forumite
    Name Dropper First Post First Anniversary
    This is perfect timing, with the £250 Yorkshire bank switching bonus having paid out this week.
    I was undecided about keeping the account and this has helped to make the decision for me :D

    I wonder if NatWest deliberately timed it that way.
  • Sconeyj
    Sconeyj Posts: 16 Forumite
    Combo Breaker First Post First Anniversary
    BritOnABudget wrote: »
    How many times have you switched?


    This will be my 9th switch, taking switching earnings to £1,330!
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