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  • FIRST POST
    • Sconeyj
    • By Sconeyj 10th Jan 18, 1:56 PM
    • 10Posts
    • 53Thanks
    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 57
    • Katiehound
    • By Katiehound 10th Feb 18, 9:51 AM
    • 4,271 Posts
    • 38,649 Thanks
    Katiehound
    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?
    Originally posted by magicarpet
    I seem to remember on this thread- but pages and pages back- that folk had money blocked by the fraud department and to release it they had to contact that dept.
    No one has mentioned an account being closed- (with or without money in it)
    I assume your friend was on the phone asap?
    Fraud dept: 0800 1615154- certainly suspicious if money blocked in a closed account!
    Customer helpline: 0345 3030 299 Open: M-F8-8, Sat 9-4

    Once you have a card reader there isn't a problem transferring money- well not in my experience.
    I have a decent balance in the account (at the moment) so not moving money and leaving £1 behind.
    HTH
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ..39 cc+.840mm(84p) + RK £3.07= £4.30
    • derrick
    • By derrick 10th Feb 18, 10:01 AM
    • 7,022 Posts
    • 2,289 Thanks
    derrick
    I seem to remember on this thread- but pages and pages back- that folk had money blocked by the fraud department and to release it they had to contact that dept.
    No one has mentioned an account being closed- (with or without money in it)
    I assume your friend was on the phone asap?
    Fraud dept: 0800 1615154- certainly suspicious if money blocked in a closed account!
    Customer helpline: 0345 3030 299 Open: M-F8-8, Sat 9-4

    Once you have a card reader there isn't a problem transferring money- well not in my experience.
    I have a decent balance in the account (at the moment) so not moving money and leaving £1 behind.
    HTH
    Originally posted by Katiehound

    For those who don't have inclusive minutes CS: 0800 200400.


    .
    Don`t steal - the Government doesn`t like the competition


    • badger09
    • By badger09 10th Feb 18, 11:18 AM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    Does anyone know if you need to be registered for online banking for this? I thought I was as I have the App and it works fine. But apparently I'm not 'activated' and need the activation code. Thing is, I'm not in the country for the next few months so can't check my post.

    I do however have £1500 in the account and the Mobile banking app. Recon that'll be enough?
    Originally posted by Curls2208
    Presumably you've received the email telling you your Customer Number? If you read the rest of it, it says that if they have your mobile number, and it seems they do as you've downloaded the app, they will send the Activation code by text. They say within 48 hours but mine took 96 hours to arrive.

    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
    • badger09
    • By badger09 10th Feb 18, 11:21 AM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    I seem to remember on this thread- but pages and pages back- that folk had money blocked by the fraud department and to release it they had to contact that dept.
    No one has mentioned an account being closed- (with or without money in it)
    I assume your friend was on the phone asap?
    Fraud dept: 0800 1615154- certainly suspicious if money blocked in a closed account!
    Customer helpline: 0345 3030 299 Open: M-F8-8, Sat 9-4

    Once you have a card reader there isn't a problem transferring money- well not in my experience.
    I have a decent balance in the account (at the moment) so not moving money and leaving £1 behind.
    HTH
    Originally posted by Katiehound
    I must admit that when I read the posts from people who say they've paid £1500 into a brand new account and immediately withdrawn, or tried to withdraw it leaving a 0 balance, I'm not surprised NatWest are blocking the transaction
    • tempus_fugit
    • By tempus_fugit 10th Feb 18, 11:22 AM
    • 403 Posts
    • 368 Thanks
    tempus_fugit
    Presumably you've received the email telling you your Customer Number? If you read the rest of it, it says that if they have your mobile number, and it seems they do as you've downloaded the app, they will send the Activation code by text. They say within 48 hours but mine took 96 hours to arrive.

    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
    Originally posted by badger09
    I added a payee via the app this morning and the activation code arrived in seconds.
    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.
    • Voyager2002
    • By Voyager2002 10th Feb 18, 11:49 AM
    • 12,056 Posts
    • 8,194 Thanks
    Voyager2002
    Is there a way to make a payment when I don't have a NatWest card reader? I do have the debit card and understand that it ought to work with a Nationwide card reader, but since their system knows that I do not yet have one of their card readers it is not giving me the option. Can I get round this?

    NatWest has form on this: about ten years ago I had all my savings in one of their ISAs with on-line access. Everything was fine until I wanted to move the money into the stock market -- and it took me about nine months to persuade them to release it!
    • Missus Hyde
    • By Missus Hyde 10th Feb 18, 12:41 PM
    • 351 Posts
    • 460 Thanks
    Missus Hyde
    I must admit that when I read the posts from people who say they've paid £1500 into a brand new account and immediately withdrawn, or tried to withdraw it leaving a 0 balance, I'm not surprised NatWest are blocking the transaction
    Originally posted by badger09
    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 ďfraud teamĒ and it seems to have worked okay.
    It's a far, far better thing that I do, than I have ever done; it is a far, far better rest that I go to, than I have ever known........Sydney Carton.
    • clivep
    • By clivep 10th Feb 18, 12:53 PM
    • 324 Posts
    • 162 Thanks
    clivep
    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 ďfraud teamĒ and it seems to have worked okay.
    Originally posted by Missus Hyde
    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.
    • clivep
    • By clivep 10th Feb 18, 12:57 PM
    • 324 Posts
    • 162 Thanks
    clivep
    Is there a way to make a payment when I don't have a NatWest card reader? I do have the debit card and understand that it ought to work with a Nationwide card reader, but since their system knows that I do not yet have one of their card readers it is not giving me the option. Can I get round this?
    Originally posted by Voyager2002
    There's plenty of posts earlier in the thread about this.

    1. Order NatWest card reader.
    2. Wait a day or two.
    3. Use Nationwide card reader.
    • EachPenny
    • By EachPenny 10th Feb 18, 2:03 PM
    • 4,637 Posts
    • 11,973 Thanks
    EachPenny
    ..but since their system knows that I do not yet have one of their card readers it is not giving me the option. Can I get round this?
    Originally posted by Voyager2002
    There's plenty of posts earlier in the thread about this....
    Originally posted by clivep
    As clivep says.

    The only possible alternative approach is to call NatWest and see if you can do a phone banking transfer.

    Always worth checking the withdrawal processes before paying money into an account.
    "In the future, everyone will be rich for 15 minutes"
    • suesie999
    • By suesie999 10th Feb 18, 3:23 PM
    • 1,263 Posts
    • 2,071 Thanks
    suesie999
    Advice please
    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?
    "Serious money saving Diva"........................................

    Whatever the mind can conceive, it can achieve.............
    • badger09
    • By badger09 10th Feb 18, 3:23 PM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    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 ďfraud teamĒ and it seems to have worked okay.
    Originally posted by Missus Hyde
    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.
    Originally posted by clivep
    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 I might do something similar this month. I'm quite enjoying the game again
    • badger09
    • By badger09 10th Feb 18, 3:30 PM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    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?
    Originally posted by suesie999
    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
    • By suesie999 10th Feb 18, 3:34 PM
    • 1,263 Posts
    • 2,071 Thanks
    suesie999
    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.
    Originally posted by badger09
    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
    "Serious money saving Diva"........................................

    Whatever the mind can conceive, it can achieve.............
    • Katiehound
    • By Katiehound 10th Feb 18, 6:16 PM
    • 4,271 Posts
    • 38,649 Thanks
    Katiehound
    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
    Originally posted by badger09
    That sums up the skills of the organisation of this campaign perfectly! Maybe thought up by a committee??
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ..39 cc+.840mm(84p) + RK £3.07= £4.30
    • Katiehound
    • By Katiehound 10th Feb 18, 6:27 PM
    • 4,271 Posts
    • 38,649 Thanks
    Katiehound
    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
    Originally posted by suesie999
    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.
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ..39 cc+.840mm(84p) + RK £3.07= £4.30
    • badger09
    • By badger09 11th Feb 18, 10:51 AM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    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
    Originally posted by suesie999
    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
    • By betweenarockandhardplace 11th Feb 18, 11:37 AM
    • 41 Posts
    • 8 Thanks
    betweenarockandhardplace
    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
    Good things come to those who wait...

    House Deposit Savings: £450/£10,000
    • Badger50
    • By Badger50 11th Feb 18, 11:47 AM
    • 63 Posts
    • 32 Thanks
    Badger50
    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?
    Originally posted by magicarpet
    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
    • By colsten 11th Feb 18, 11:47 AM
    • 8,993 Posts
    • 7,742 Thanks
    colsten
    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
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