NatWest £125 switch incentive

badger09 · 10 February 2018 at 4:23PM

Missus_Hyde wrote: »

I must agree; I withdrew the £1500 over the period of a few days in smallish chunks of £400 and £300, so as not to spook the “fraud team” and it seems to have worked okay.

clivep wrote: »

Paid in £1,500 last Monday and took out 3 x £500 on the same day without having to speak to the "fraud team". Ditto for my wife's a/c.

After the switch I paid £1850 in, which brought the balance to a nice round £1912.83:) A few days later I paid a non round sum chunk to my husband's account for our flights to HK, and a few days after that another non round sum chunk off my credit card. There's a small non round sum balance which I'm happy to leave for the time being.

NatWest will think I'm using it as my new 'main' current account, which was my objective:p I might do something similar this month. I'm quite enjoying the game again :rotfl:

badger09 · 10 February 2018 at 4:30PM

suesie999 wrote: »

My main current account is with Santander, which I have had quite a few years now.

I still have an RBS current account, which I can use but only rarely pay small amounts into ( because its my only local branch so use it to pay in cheques etc, and then transfer to Santander)

My question is that I want to take advantage of the Halifax £125 switch incentive but not sure i want to close off the santander account yet.

Can i still switch over my RBS account, which is active but little used? i did an online chat and they said yes, but wondered if anyone else has done this? I dont have any direct debits out of this account and they said it would be ok. I have had the RBS account since 1978, and did switch from that to Santander. Any advice if this will still work?:o

I don't understand.

Did you have 2 RBS current accounts, one of which you switched to Santander?

If you still have an active RBS current account, you can switch that to Halifax. I haven't checked the T&Cs for the current Halifax switch incentive, but if it doesn't say you need DDs or SOs to be included in the switch, then it doesn't matter that there aren't any.

suesie999 · 10 February 2018 at 4:34PM

badger09 wrote: »

I don't understand.

Did you have 2 RBS current accounts, one of which you switched to Santander?

If you still have an active RBS current account, you can switch that to Halifax. I haven't checked the T&Cs for the current Halifax switch incentive, but if it doesn't say you need DDs or SOs to be included in the switch, then it doesn't matter that there aren't any.

sorry is i wasnt clear. I only had/have one RBS account, but when I swithed all my DD's ect to santander, the RBS account remained open and active for me to use. I didnt close it as I wanted to see how I went on with Santander. In those days it wasnt a condition that the account you were leaving had to be closed.

I know if i apply to switch there will be a creidt search ( which is fine) but dont want to have a credit search if my application is likelt to be rejected.

The only reason I can think of that might cause that is because I already switched once from RBS ( although Halifax wont know that i guess

Katiehound · 10 February 2018 at 7:16PM

badger09 wrote: »

The delay was probably due the left hand, which picks the activation code numbers from the tombola drum, not being able to speak to the right hand, which writes the texts, until it was back from its mini break :rotfl:

That sums up the skills of the organisation of this campaign perfectly! Maybe thought up by a committee??

Katiehound · 10 February 2018 at 7:27PM

suesie999 wrote: »

sorry is i wasnt clear. I only had/have one RBS account, but when I swithed all my DD's ect to santander, the RBS account remained open and active for me to use. I didnt close it as I wanted to see how I went on with Santander. In those days it wasnt a condition that the account you were leaving had to be closed.

I know if i apply to switch there will be a creidt search ( which is fine) but dont want to have a credit search if my application is likelt to be rejected.

The only reason I can think of that might cause that is because I already switched once from RBS ( although Halifax wont know that i guess

Have just looked at the t&cs. I think you are fine.
Can't switch from BoS (which is not the same as RBS!)
you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January 2012
Doesn't specifically mention DDs or SOs
Must use CASS

The offer applies to applications received in branch, online (Ultimate Reward Current Account and Reward Current Account only) or by phone from the 6th February 2018 to the 19th of March 2018.

badger09 · 11 February 2018 at 11:51AM

suesie999 wrote: »

sorry is i wasnt clear. I only had/have one RBS account, but when I swithed all my DD's ect to santander, the RBS account remained open and active for me to use. I didnt close it as I wanted to see how I went on with Santander. In those days it wasnt a condition that the account you were leaving had to be closed.

I know if i apply to switch there will be a creidt search ( which is fine) but dont want to have a credit search if my application is likelt to be rejected.

The only reason I can think of that might cause that is because I already switched once from RBS ( although Halifax wont know that i guess

Thanks, now I understand.

Unless you know/think there is anything adverse on your credit files, like a CCJ, default, late payments etc, then I wouldn't worry about a credit search.

Let us know if you decide to apply and how you get on.

betweenarockandhardplace · 11 February 2018 at 12:37PM

Probably already been asked before but...

I have signed in on the app with my iPhone and iPad

But I have a question about the £1500 pay in

I don!!!8217;t have £1500 to pay directly in but I do have £300 in savings

If I transferred £300 in and out 5 times would that count? Can I do the transfers all in one day or would I have to do on different days e.g transfer £300 today transfer back tomorrow then day after repeat?

I plan on using this account as a billing account but not for another few months yet

Thanks

Badger50 · 11 February 2018 at 12:47PM

magicarpet wrote: »

I was tempted by this offer but a friend of mine who is a veteran moneysaver had difficulties. Used the switching service to open new account, then checked the account was working by transferring £1 in and then back out. Then deposited £1500 as required to get the incentive, but couldn't withdraw the money. They have since closed the account without explanation and now he can't get his money out! Anyone else had this experience when transferring money in and out quickly?

Not exactly, and not with consequences as bad as that. But small test transactions are often referred to fraud departments as suspicious because they mirror typical fraudulent activity.

colsten · 11 February 2018 at 12:47PM

Apologies if it has already been mentioned that there's a huge issue if you rename your Natwest account to something that includes an apostrophe. Basically, don't do it unless you want your account blocked.

https://www.moneysavingexpert.com/news/banking/2018/02/natwest-customers-locked-out-of-their-app-for-using-an-apostrophe?_ga=2.78025812.1734373277.1518260681-1792643167.1435847652

ValiantSon · 11 February 2018 at 1:01PM

betweenarockandhardplace wrote: »

Probably already been asked before but...

I have signed in on the app with my iPhone and iPad

But I have a question about the £1500 pay in

I don!!!8217;t have £1500 to pay directly in but I do have £300 in savings

If I transferred £300 in and out 5 times would that count? Can I do the transfers all in one day or would I have to do on different days e.g transfer £300 today transfer back tomorrow then day after repeat?

I plan on using this account as a billing account but not for another few months yet

Thanks

Yes you can transfer the £300 in and out to meet the pay in criteria. Personally, I would do it over a few days to try and avoid getting your account frozen due to suspected fraud.

NatWest £125 switch incentive

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free