£100 to switch your current account to RBS + av. £83 cashback on bills
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£100 to switch your current account to RBS + av. £83 cashback on bills

48
Found 1st Jun
Apparently this is Royal Bank of Scotland’s first current account switcher offer for almost a decade. It’s offering:

  • £100 to new and existing customers who switch their main bank account online.
  • Available until 6 July 2018.
  • Switchers are required to use the Current Account Switch Service, close their existing account with their current provider and transfer their main current account to Royal Bank of Scotland. They will then receive the bonus within 13 weeks of opening the account and fully switching.
  • To be eligible, £1,500 must be paid into the account and you must login online or through the mobile app before 10 August 2018.
  • Customers must be 18 or over and not have already taken advantage of a cash offer from Royal bank of Scotland.

Cashback on household bills
Customers opening a Royal Bank of Scotland Reward current account will also benefit from 2% Reward cash on their household bills.

RBS reckons customers net an average cashback of £83 a year this way.

So if you switch and get the average cashback you can pocket £183.

RBS Reward and Reward packaged account customers will also benefit from fee-free foreign transactions on debit card purchases abroad until 31 August 2018. (But I wouldn’t switch just for this reason – there are several cards that a fee-free abroad all the time).
Community Updates
Not for you if you've already had the incentive from NATWEST. Per T&C:
"You won’t be eligible for this offer if you’ve already taken advantage of a cash offer from NatWest between October 2017 and May 2018 for (i) opening a new current account and switching to NatWest or (ii) upgrading your existing NatWest current account."

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Top comments
Note: We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.
48 Comments
Since Williams & Glynn, the proposed spinoff Bank, will now not go ahead, this is RBS’ move to reassert the RBS name and brand back into consumer retail in England and Wales since the bailout they received from the government during the 2008 banking crisis.

“Rise like a Phoenix from the ashes.”
Note: We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.
There doesn't appear to be a direct debit tie in for the basic account just the need to pay £1500, will take £100 for nowt seen as my BOS accounts are dormant after tesco stopping their savings account DD's.

Unfortunate for branch staff but the banking landscape has changed massively in the last 10/15 years, 80+% of the population are tech savvy enough to operate a their banks online/mobile and find visiting a branch for something a chore, I certainly do.
Grohller21 m ago

There doesn't appear to be a direct debit tie in for the basic account …There doesn't appear to be a direct debit tie in for the basic account just the need to pay £1500, will take £100 for nowt seen as my BOS accounts are dormant after tesco stopping their savings account DD's. Unfortunate for branch staff but the banking landscape has changed massively in the last 10/15 years, 80+% of the population are tech savvy enough to operate a their banks online/mobile and find visiting a branch for something a chore, I certainly do.


Yeah definitely. Can't remember the last time I actually went into one of my two banks for something.
Grohller38 m ago

There doesn't appear to be a direct debit tie in for the basic account …There doesn't appear to be a direct debit tie in for the basic account just the need to pay £1500, will take £100 for nowt seen as my BOS accounts are dormant after tesco stopping their savings account DD's. Unfortunate for branch staff but the banking landscape has changed massively in the last 10/15 years, 80+% of the population are tech savvy enough to operate a their banks online/mobile and find visiting a branch for something a chore, I certainly do.


The banking experience here actually feels a couple of years behind other countries, including in southeast asia. Banks here need people to line up for most stuff and chuck people to machines for others. Banks in Malaysia for example, have ticketing systems, premium service counters, dedicated sections. waiting areas, 7 day operations
jsty310517 m ago

The banking experience here actually feels a couple of years behind other …The banking experience here actually feels a couple of years behind other countries, including in southeast asia. Banks here need people to line up for most stuff and chuck people to machines for others. Banks in Malaysia for example, have ticketing systems, premium service counters, dedicated sections. waiting areas, 7 day operations


Why don't you go bank in Malaysia then?
Grohller1 h, 25 m ago

Note: We’re sorry but if you’ve had cashback from NatWest between October 2 …Note: We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.



Crap! Just got the NatWest cashback😪
StudentGrant1st Jun

Crap! Just got the NatWest cashback😪


Good catch, didnt spot that - Was going to switch my Natwest account too!
sparkeeh3 m ago

Good catch, didnt spot that - Was going to switch my Natwest account too!


Plus one
mikaelnt1 h, 54 m ago

Since Williams & Glynn, the proposed spinoff Bank, will now not go ahead, …Since Williams & Glynn, the proposed spinoff Bank, will now not go ahead, this is RBS’ move to reassert the RBS name and brand back into consumer retail in England and Wales since the bailout they received from the government during the 2008 banking crisis. “Rise like a Phoenix from the ashes.”


I’m sure the saying was Phoenix from the flames , but hey ho time for a change
[quote=Scooby2520]
I’m sure the saying was Phoenix from the flames , but hey ho time for a change[/quote]

The phoenix died in the flames and rose from the ashes of the fire
Anyone know what proof of closing the account they need? Or do they just know through the banking network
Grohller2 h, 4 m ago

Note: We’re sorry but if you’ve had cashback from NatWest between October 2 …Note: We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.


I’ve just done the NatWest one but won’t get the cash back till August does this mean I can do this
Justsuperman10 m ago

I’ve just done the NatWest one but won’t get the cash back till August doe …I’ve just done the NatWest one but won’t get the cash back till August does this mean I can do this


I guess they'd try wriggle out of it and their website needs updating to say June but you could fight them for it if you were so inclined... Just had a look at Natwest, it's the same offer. I could close and switch another dormant BOS account and take advantage (the p*ss)
TellyLover1 h, 28 m ago

Why don't you go bank in Malaysia then?


Seems Inconvenient for an individual in the UK.
Grohller3 h, 7 m ago

There doesn't appear to be a direct debit tie in for the basic account …There doesn't appear to be a direct debit tie in for the basic account just the need to pay £1500, will take £100 for nowt seen as my BOS accounts are dormant after tesco stopping their savings account DD's. Unfortunate for branch staff but the banking landscape has changed massively in the last 10/15 years, 80+% of the population are tech savvy enough to operate a their banks online/mobile and find visiting a branch for something a chore, I certainly do.


Are you suggesting that you can open a current account not close your existing one and not move any dds or did I mistundertand?
sgrech
Edited by moderator: "removed personal info" 1st Jun
Can i switch if I have currently used the NatWest switch offer recently
So if you've just received NatWest cashback, this is a no-no? Is it the same bank then essentially!?
Edited by: "ihaveaquestion" 1st Jun
sgrech8 m ago

Are you suggesting that you can open a current account not close your …Are you suggesting that you can open a current account not close your existing one and not move any dds or did I mistundertand?sgrech


I think you have to switch and close the former, but unlike a lot of banks, you don't need to have 2 active DD's to qualify for the £100 incentive.
tapi2 h, 10 m ago

Anyone know what proof of closing the account they need? Or do they just …Anyone know what proof of closing the account they need? Or do they just know through the banking network


Current Account Switching Service automatically closes your old account.
£2 monthly fee on the reward account
Thanks
Grohller1st Jun

Note: We’re sorry but if you’ve had cashback from NatWest between October 2 …Note: We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.


where does it say that?
Nasir12314 m ago

where does it say that?


It's on there somewhere.
Grohller8 m ago

It's on there somewhere.


could not find it
I'm trying to cash in on the bank switches at the moment. Can anybody see an issue with me opening a first direct account today, then straight away switching it over to get this offer? Is there anything wrong with having several current accounts and doign this? I know it's not great for credit rating but I'm not too worried about that right now
dwattsy2146 m ago

I'm trying to cash in on the bank switches at the moment. Can anybody see …I'm trying to cash in on the bank switches at the moment. Can anybody see an issue with me opening a first direct account today, then straight away switching it over to get this offer? Is there anything wrong with having several current accounts and doign this? I know it's not great for credit rating but I'm not too worried about that right now


How do you expect First Direct to pay you a switching fee when you've closed your account down prior to their incentive date requirement? And with a closed account...where will they put the money?
dkl_uk29 m ago

How do you expect First Direct to pay you a switching fee when you've …How do you expect First Direct to pay you a switching fee when you've closed your account down prior to their incentive date requirement? And with a closed account...where will they put the money?



Maybe he means a 2nd First Direct account ?

My advice would be to open another account with your current bank if possible as this is usually (depending on the bank that is) the quickest way of getting one/ Then wait for 2-3 weeks and providing you switch before the 6th July then everything should run smoothly..
I've just applied about 20 minutes ago but had no confirmation email as yet , anyone else done the same ?

UPDATE : Email received on 4th June with request for proof of id , uploadable via digidocs
Edited by: "rooney10" 4th Jun
dkl_uk50 m ago

How do you expect First Direct to pay you a switching fee when you've …How do you expect First Direct to pay you a switching fee when you've closed your account down prior to their incentive date requirement? And with a closed account...where will they put the money?



rooney1020 m ago

Maybe he means a 2nd First Direct account ?My advice would be to open …Maybe he means a 2nd First Direct account ?My advice would be to open another account with your current bank if possible as this is usually (depending on the bank that is) the quickest way of getting one/ Then wait for 2-3 weeks and providing you switch before the 6th July then everything should run smoothly..




I've already had a switch bonus with first direct, was just using then as an example, not expecting. The switch bonus from them, should have been clearer. But thanks, you're right I'll just open another one with my current bank
TellyLover10 h, 32 m ago

Why don't you go bank in Malaysia then?


That's probably the same sentiment expressed in senior management within the banking industry which leads to UK banks lagging behind in developing the customer experience. Learning from others is not a bad thing.
Any idea what they ask for regarding proof of ID? Natwest wanted either passport or driving licence and wanted to switch my mother's account for her but she has neither and Natwest messed up the documentation and never sent what she needed to complete the switch in branch. If RBS are more flexible then could do this one for her,
I've never had a RBS current account, but I have had an RBS ISA in the past. Would I still be eligible.
Also I have an old Natwest account that I don't use. Could I switch that or do they need to see evidence of things like regular pay ins and Direct Debits?
pete_1012nd Jun

Any idea what they ask for regarding proof of ID? Natwest wanted either …Any idea what they ask for regarding proof of ID? Natwest wanted either passport or driving licence and wanted to switch my mother's account for her but she has neither and Natwest messed up the documentation and never sent what she needed to complete the switch in branch. If RBS are more flexible then could do this one for her,



One of 3 options to upload by DigiDocs ........Passport , Driving Licence or National ID Card
Is there any other bank switches offering cash incentives at the moment? Can`t do this as already done the Natwest. Don`t fancy the First Direct as it`s a gift rather than cash.....
cazsilver18 m ago

Is there any other bank switches offering cash incentives at the moment? …Is there any other bank switches offering cash incentives at the moment? Can`t do this as already done the Natwest. Don`t fancy the First Direct as it`s a gift rather than cash.....



Same here, waiting for another switch where they don't have conditions attached or in the same banking group.
Grohller1st Jun

Note: We’re sorry but if you’ve had cashback from NatWest between October 2 …Note: We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.


thank you, that's the info I was looking for, you saved me plenty of time!
Tried to get this last night but it never took my own bank details?
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