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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 59
    • schiff
    • By schiff 13th Feb 18, 5:44 PM
    • 17,911 Posts
    • 9,288 Thanks
    schiff
    Where has this business about fraud come from? I don't remember it ever being a factor in other switches. Has someone actually been contacted by someone who said they were from the fraud department?
    • telemarks
    • By telemarks 13th Feb 18, 6:08 PM
    • 158 Posts
    • 112 Thanks
    telemarks
    Hi Telemarks,

    Having paid the £1500 into the NatWest a/c, I withdrew the chunks back to our main account, £400 one day and perhaps £300 over the next couple of days and then £400 and so on, until all the money was back in our original account.

    I also made a few spends out of the NatWest account (I needed to buy a couple of rail tickets as I was going up to London over a couple of days and used the debit card for that, as I would have used that money from our main account anyway, so it was no inconvenience).

    It just makes it look more like a used account, rather than simply paying a large sum of money in and then withdrawing it.
    Originally posted by Missus Hyde
    Thanks for the info
    • EachPenny
    • By EachPenny 13th Feb 18, 7:04 PM
    • 4,514 Posts
    • 11,600 Thanks
    EachPenny
    Where has this business about fraud come from? I don't remember it ever being a factor in other switches. Has someone actually been contacted by someone who said they were from the fraud department?
    Originally posted by schiff
    Some people reported paying in £1500 and attempting to withdraw it again immediately. The withdrawal was then referred for fraud checks.

    I don't remember it being a problem before either, but then not many switch options require a specific pay-in to qualify for the bonus.

    There is also possibly the factor of many 'new' people joining in the switching bonus hunt this time round following the MSE email encouraging people to do it (the one talking about 'mule accounts').

    Some new to the game people might be unaware of the kind of anti-fraud checks banks do, and that a big payment in followed by an identical amount being withdrawn might trip the checks designed to stop dodgy activites.
    "In the future, everyone will be rich for 15 minutes"
    • Missus Hyde
    • By Missus Hyde 13th Feb 18, 7:37 PM
    • 350 Posts
    • 460 Thanks
    Missus Hyde
    A lot of people on here seem to be trying to make Natwest 'think' they are using the account 'properly' rather than simply to get the incentive (by making payments, several transfers etc.)

    Just to confirm - this is completely unnecessary - so long as you meet the t & c - see my post #3 on this thread, you'll get the incentive, no matter what Natwest 'think' you are doing
    Originally posted by beefturnmail
    Lol, and they will stop people from doing that by changing its T&C.
    Originally posted by adindas
    Some people reported paying in £1500 and attempting to withdraw it again immediately. The withdrawal was then referred for fraud checks.

    I don't remember it being a problem before either, but then not many switch options require a specific pay-in to qualify for the bonus.

    There is also possibly the factor of many 'new' people joining in the switching bonus hunt this time round following the MSE email encouraging people to do it (the one talking about 'mule accounts').

    Some new to the game people might be unaware of the kind of anti-fraud checks banks do, and that a big payment in followed by an identical amount being withdrawn might trip the checks designed to stop dodgy activites.
    Originally posted by EachPenny
    Whereas I agree that so long as the T&Cís are met by simply paying in the £1500 and then withdrawing it again, itís quite straightforward to use the a/c for a few transactions. In my case itís just as easy to use the NatWest a/c for a while until we get the bonus; after that I shall decide what to do with the a/c (probably switch it for another bonus.)

    As a matter of fact for the more pedantic, I believe there was a post a few pages back, whereby someone had tried to withdraw their £1500, had the a/c frozen and was unable to withdraw the money from it.
    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.
    • jennifernil
    • By jennifernil 13th Feb 18, 8:54 PM
    • 5,028 Posts
    • 2,093 Thanks
    jennifernil
    My OH also fell foul of the fraud team.

    He switched in a Halifax Reward account which we needed the DDs from, it went fairly smoothly with ID etc., and he got a card reader and set up our main Halifax account as a payee.

    I then sent him £1 to check that we had it correct, and he sent it back, all fine.

    Then, without consulting me, he decided to try the app, and sent another £1. Meantime I had sent him £1000.

    He then sent back £999, but it did not arrive. Trust him to do this on a Friday afternoon!

    When it had not arrived by midnight, he rang them and was told to ring back after 3am when the fraud team would be back.

    Not being early risers, he checked again next morning, still no money, but he then found his Nat West internet banking blocked. Having read on here, I had him check his texts, and there was the one asking him to text yes if he had requested the payment.

    5 minutes later the money arrived, and 5 minutes after that the internet access was re-instated.

    Nat West do seem over sensative, we still have £500 to pay in, but will do it in smaller chunks!
    Last edited by jennifernil; 13-02-2018 at 8:56 PM.
    • Ogordo
    • By Ogordo 13th Feb 18, 10:43 PM
    • 4 Posts
    • 1 Thanks
    Ogordo
    I applied today. Got accepted. Gave all my details for the switch. Like with other bank accounts I expected a confirmation email. Nothing. Starting to question whether it has gone right.

    Have I missed something?
    • Frank121
    • By Frank121 14th Feb 18, 1:27 AM
    • 97 Posts
    • 41 Thanks
    Frank121
    I applied today. Got accepted. Gave all my details for the switch. Like with other bank accounts I expected a confirmation email. Nothing. Starting to question whether it has gone right.

    Have I missed something?
    Originally posted by Ogordo
    Only your patience and the will to live! Seriously it's normal, you will get mails and text messages in a day or so...in fact you will get so many you wish you didn't ask! I actually applied for two the first time as it wasn't obvious the first application was sucessfull. Hang in there, it's worth £125 after all.
    • ValiantSon
    • By ValiantSon 14th Feb 18, 9:37 AM
    • 1,583 Posts
    • 1,310 Thanks
    ValiantSon
    I applied today. Got accepted. Gave all my details for the switch. Like with other bank accounts I expected a confirmation email. Nothing. Starting to question whether it has gone right.

    Have I missed something?
    Originally posted by Ogordo
    No, that's normal for NatWest. Prepare for the slow drip-feed of information and the contradictory statements. Eventually you will get there.
    • beefturnmail
    • By beefturnmail 14th Feb 18, 9:50 AM
    • 677 Posts
    • 214 Thanks
    beefturnmail
    My OH also fell foul of the fraud team.

    He switched in a Halifax Reward account which we needed the DDs from, it went fairly smoothly with ID etc., and he got a card reader and set up our main Halifax account as a payee.

    I then sent him £1 to check that we had it correct, and he sent it back, all fine.

    Then, without consulting me, he decided to try the app, and sent another £1. Meantime I had sent him £1000.

    He then sent back £999, but it did not arrive. Trust him to do this on a Friday afternoon!

    When it had not arrived by midnight, he rang them and was told to ring back after 3am when the fraud team would be back.

    Not being early risers, he checked again next morning, still no money, but he then found his Nat West internet banking blocked. Having read on here, I had him check his texts, and there was the one asking him to text yes if he had requested the payment.

    5 minutes later the money arrived, and 5 minutes after that the internet access was re-instated.

    Nat West do seem over sensative, we still have £500 to pay in, but will do it in smaller chunks!
    Originally posted by jennifernil
    Likely the multiple payments of £1 followed by a large transfer which will have triggered the fraud alert (this is similar to what real fraudsters do), so you shouldn't have a problem paying in the £500 in one go
    • Ogordo
    • By Ogordo 14th Feb 18, 10:52 AM
    • 4 Posts
    • 1 Thanks
    Ogordo
    Only your patience and the will to live! Seriously it's normal, you will get mails and text messages in a day or so...in fact you will get so many you wish you didn't ask! I actually applied for two the first time as it wasn't obvious the first application was sucessfull. Hang in there, it's worth £125 after all.
    Originally posted by Frank121
    No, that's normal for NatWest. Prepare for the slow drip-feed of information and the contradictory statements. Eventually you will get there.
    Originally posted by ValiantSon
    Thanks for the response.
    I thought it'd be easy as I already have a savings account with them.
    Never mind.
    Enjoy your rewards.
    • nookey bear
    • By nookey bear 14th Feb 18, 1:31 PM
    • 60 Posts
    • 68 Thanks
    nookey bear
    I opened my account with no major issues, all done online including successful use of Digi doc to submit ID.

    My wife did same, then was asked to submit photo ID via Natwest Photo ID Checker. She followed the instructions, but she keeps getting the message - Generic Process Error - Read timed out - We are not currently able to process your information

    I get this in both chrome and explorer after clearing cookies - anyone have any ideas how to get around this issue?
    Start Date 28/04/2007
    Original amount outstanding = 152,500 Current amount outstanding = 103,000
    Original LTV = 61.86% Current LTV = 33.22%
    Original Pay Off Date = Apr 32 New Pay Off date = July 2024
    Total OP = £15980 since Feb 2012
    • ClarkeKent
    • By ClarkeKent 14th Feb 18, 2:02 PM
    • 335 Posts
    • 50 Thanks
    ClarkeKent
    My passport has expired and I don't have a photocard driving licence - my paper one hasn't been updated since the last change of address over 20 years ago. I have not been asked for proof of ID when opening any other bank accounts (most recently for the YBS switch) but DigiDocs is being mentioned a lot with this offer. Do other banks or organisations use it routinely?
    Originally posted by twiglet98
    Just had this debacle with DigiDocs, had confirmation saying everything had gone through. Then in a weeks time, email asking for ID documents to upload via DigiDocs.

    Telephone team and fraud team said they had sort of heard of DigiDocs but had no answer to why I had an email requesting them.

    Very poor
    • nookey bear
    • By nookey bear 14th Feb 18, 2:10 PM
    • 60 Posts
    • 68 Thanks
    nookey bear
    Just had this debacle with DigiDocs, had confirmation saying everything had gone through. Then in a weeks time, email asking for ID documents to upload via DigiDocs.

    Telephone team and fraud team said they had sort of heard of DigiDocs but had no answer to why I had an email requesting them.

    Very poor
    Originally posted by ClarkeKent
    But more bizarely, I was asked to use DigiDocs - no probs. My wife had to use Natwest Photo ID Checker which is a totally different system which is where she has hit a brickwall. She has emailed the Natwest Application team, she's now holding her breath......
    Start Date 28/04/2007
    Original amount outstanding = 152,500 Current amount outstanding = 103,000
    Original LTV = 61.86% Current LTV = 33.22%
    Original Pay Off Date = Apr 32 New Pay Off date = July 2024
    Total OP = £15980 since Feb 2012
    • roxy28
    • By roxy28 14th Feb 18, 2:55 PM
    • 655 Posts
    • 59 Thanks
    roxy28
    Seriously I certainly had a form with a signature box, I won't bore you with the involved story, but it did eventually get posted to Chatham.
    Originally posted by Katiehound
    Can you remember the full return address on the form which you sent back.
    • Organgrinder
    • By Organgrinder 14th Feb 18, 3:14 PM
    • 30 Posts
    • 16 Thanks
    Organgrinder
    Well if anyone does get messed about by natwest like i did (froze my account the day it switched) get onto the financial ombudsman.

    £250 compensation plus the £125 switch money. Not bad at all.
    • telemarks
    • By telemarks 14th Feb 18, 5:25 PM
    • 158 Posts
    • 112 Thanks
    telemarks
    How quickly??
    Out of interest, has anyone got their £125 yet??? If so, how long did it take to come through from application?
    • MABLE
    • By MABLE 14th Feb 18, 6:21 PM
    • 3,482 Posts
    • 1,821 Thanks
    MABLE
    Out of interest, has anyone got their £125 yet??? ?
    Originally posted by telemarks
    Yes last month!!!!!
    • federer
    • By federer 14th Feb 18, 7:02 PM
    • 166 Posts
    • 6 Thanks
    federer
    Itís wednesday

    The offer closes on Friday

    I opened the account last night or attempted to online

    Today around 5 pm I competed the Id requirements online

    If the account doesnít open by Friday will I still get the offer or must it open by Friday ......
    • ValiantSon
    • By ValiantSon 14th Feb 18, 7:22 PM
    • 1,583 Posts
    • 1,310 Thanks
    ValiantSon
    Itís wednesday

    The offer closes on Friday

    I opened the account last night or attempted to online

    Today around 5 pm I competed the Id requirements online

    If the account doesnít open by Friday will I still get the offer or must it open by Friday ......
    Originally posted by federer
    Yes, you will. You only have to apply by Friday.
    • YorkshireBoy
    • By YorkshireBoy 14th Feb 18, 7:24 PM
    • 30,129 Posts
    • 17,978 Thanks
    YorkshireBoy
    Itís wednesday

    The offer closes on Friday

    I opened the account last night or attempted to online

    Today around 5 pm I competed the Id requirements online

    If the account doesnít open by Friday will I still get the offer or must it open by Friday ......
    Originally posted by federer
    Your question appears to be answered in the very first word of condition 1[a] (so not much reading to do!)
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