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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 4
    • badger09
    • By badger09 11th Jan 18, 2:58 PM
    • 6,000 Posts
    • 5,350 Thanks
    badger09
    I still have a drawer full of Natwest readers from my YB switching frenzy 3 years ago!
    Originally posted by YorkshireBoy
    I've just found mine as I had a FRISA with them years ago. Must have known it would come in useful one day
    • Consumerist
    • By Consumerist 11th Jan 18, 3:05 PM
    • 4,843 Posts
    • 2,388 Thanks
    Consumerist
    This looks as though it could go quickly. How many hours before the offer is withdrawn and re-issued with DD requirements? (as with Tesco)
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • badger09
    • By badger09 11th Jan 18, 3:10 PM
    • 6,000 Posts
    • 5,350 Thanks
    badger09
    This looks as though it could go quickly. How many hours before the offer is withdrawn and re-issued with DD requirements? (as with Tesco)
    Originally posted by Consumerist
    Especially as it now featured by MSE

    http://forums.moneysavingexpert.com/showthread.php?t=5773527
    • tomthered
    • By tomthered 11th Jan 18, 3:10 PM
    • 213 Posts
    • 55 Thanks
    tomthered
    Could I ask if I have an old Joint account with Nationwide, if I switch do I need to change it into the same names? The account was with my ex wife from years ago and I wondered if I could just switch it and just have my name on it? Havent used it as it only has £18 it
    • KTF
    • By KTF 11th Jan 18, 3:15 PM
    • 4,654 Posts
    • 1,905 Thanks
    KTF
    Call Natwest and ask.
    • castle96
    • By castle96 11th Jan 18, 3:16 PM
    • 1,676 Posts
    • 283 Thanks
    castle96
    thanks for this. Existing customers as well + no direct debits ! Blimey
    • YorkshireBoy
    • By YorkshireBoy 11th Jan 18, 3:23 PM
    • 30,157 Posts
    • 18,015 Thanks
    YorkshireBoy
    Could I ask if I have an old Joint account with Nationwide, if I switch do I need to change it into the same names? The account was with my ex wife from years ago and I wondered if I could just switch it and just have my name on it? Havent used it as it only has £18 it
    Originally posted by tomthered
    You can't switch a joint into a sole using the CASS.
    • tempus_fugit
    • By tempus_fugit 11th Jan 18, 3:25 PM
    • 421 Posts
    • 390 Thanks
    tempus_fugit
    If I open a donor account with another bank, how long before I can switch it to get the incentive? At least until I get the debit card and PIN, or does it not matter? It seems a bit cheeky to open one and switch it straight away, or if that is even possible.
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
    • YorkshireBoy
    • By YorkshireBoy 11th Jan 18, 3:30 PM
    • 30,157 Posts
    • 18,015 Thanks
    YorkshireBoy
    If I open a donor account with another bank, how long before I can switch it to get the incentive? At least until I get the debit card and PIN, or does it not matter? It seems a bit cheeky to open one and switch it straight away, or if that is even possible.
    Originally posted by tempus_fugit
    If you have a conscience, you can wait a couple of months to switch to NatWest. Others on here have switched within 7 days for other offers!
    • tempus_fugit
    • By tempus_fugit 11th Jan 18, 3:34 PM
    • 421 Posts
    • 390 Thanks
    tempus_fugit
    If you have a conscience, you can wait a couple of months to switch to NatWest. Others on here have switched within 7 days for other offers!
    Originally posted by YorkshireBoy
    Ah, yes I do have a bit of a conscience, unfortunately.

    So, by "a couple of months" that could mean applying for the NatWest account before 16/02/2018, and make the switch date sometime in early March?
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
    • RG2015
    • By RG2015 11th Jan 18, 3:39 PM
    • 1,262 Posts
    • 739 Thanks
    RG2015
    If you have a conscience, you can wait a couple of months to switch to NatWest. Others on here have switched within 7 days for other offers!
    Originally posted by YorkshireBoy
    Ah, yes I do have a bit of a conscience, unfortunately.

    So, by "a couple of months" that could mean applying for the NatWest account before 16/02/2018, and make the switch date sometime in early March?
    Originally posted by tempus_fugit
    How curious. I didn't know that all it takes to salve a guilty conscience is two months.
    • Marvo5
    • By Marvo5 11th Jan 18, 3:40 PM
    • 166 Posts
    • 106 Thanks
    Marvo5
    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?
    Originally posted by ToTo Man
    This was my thinking HOWEVER with the Santander account you have access to the 5% regular saver which for me tips the balance. At least it doesn't make the switch worthwhile from a main account.
    • tempus_fugit
    • By tempus_fugit 11th Jan 18, 3:43 PM
    • 421 Posts
    • 390 Thanks
    tempus_fugit
    How curious. I didn't know that all it takes to salve a guilty conscience is two months.
    Originally posted by RG2015
    Who knows, it might not. it wasn't me that suggested it.

    Is it any worse than switching the CB account now that I have the money for that, which was my original idea?
    Last edited by tempus_fugit; 11-01-2018 at 3:47 PM.
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
    • tg99
    • By tg99 11th Jan 18, 3:46 PM
    • 656 Posts
    • 257 Thanks
    tg99
    Anyone applied as an existing customer? Rather than my account being opened straight away it said I would hear in a few days but not received any email confirmation of my application last night.
    • tomthered
    • By tomthered 11th Jan 18, 3:48 PM
    • 213 Posts
    • 55 Thanks
    tomthered
    You can't switch a joint into a sole using the CASS.
    Originally posted by YorkshireBoy
    so if i attempt a switch they would require the same details to match the new account, so i assume i would need to create a new joint account? Presumably if its not currently used in any way that doesnt matter? I could just put £50 or £100 in it and comply with transferring the money
    • YorkshireBoy
    • By YorkshireBoy 11th Jan 18, 3:52 PM
    • 30,157 Posts
    • 18,015 Thanks
    YorkshireBoy
    Who knows, it might not. it wasn't me that suggested it.
    Originally posted by tempus_fugit
    Perhaps I should have added a wink to show it was tongue in cheek?
    • RG2015
    • By RG2015 11th Jan 18, 3:57 PM
    • 1,262 Posts
    • 739 Thanks
    RG2015
    Perhaps I should have added a wink to show it was tongue in cheek?
    Originally posted by YorkshireBoy
    Me too!
    • tempus_fugit
    • By tempus_fugit 11th Jan 18, 4:03 PM
    • 421 Posts
    • 390 Thanks
    tempus_fugit
    Perhaps I should have added a wink to show it was tongue in cheek?
    Originally posted by YorkshireBoy
    You probably should have.

    Seriously though, I was thinking more of what seems reasonable from the point of view of the donor account, whether jumping the gun too early would cause problems. (Be easy on me, I'm new to this. )
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
    • Mannanan
    • By Mannanan 11th Jan 18, 4:11 PM
    • 34 Posts
    • 15 Thanks
    Mannanan
    With these switching offers, my limited experience tells me to strike quickly on all counts. Donít delay the switch date if possible, fill everything in online all in one hit and avoid going into branches. We can guess this offer will be pulled or altered pretty quickly so donít go moaning later. Take the money and run to the next offer.
    • S_uk
    • By S_uk 11th Jan 18, 4:12 PM
    • 59 Posts
    • 14 Thanks
    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
    Originally posted by badger09
    When I opened my Nationwide account a debit card was issued, it's just that I cut it up as I was using it as a savings account.
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