Have an RBS Business Bank Account?  Then RBS will offer upto £3,000 to switch AWAY from them.....
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Have an RBS Business Bank Account? Then RBS will offer upto £3,000 to switch AWAY from them.....

75
Refreshed 22nd Mar (Posted 19th Mar)Edited by:"soled73"




I have to admit I thought this was a scam, but it's 100% legit.

Only for current RBS Business Bank Customers.

As we know the UK Government offered financial support during the Credit Crunch, as a result RBS were due to setup a new bank called "Williams & Glyn", to increase customer choice. This project failed, as a result RBS must now offer Business Bank account customers money to SWITCH AWAY from them.

I'm not with them but my work colleague has been offered £3k to move away

"Why we're asking you to consider switching to another bank
In 2008 and 2009 we received financial support from the UK Government. As a result, we made a commitment to help increase competition in UK business banking and reduce our market share.
We originally planned to do this by setting up a new bank – Williams & Glyn – which you were due to move to, but that’s no longer going ahead. Instead, the Business Banking Switch proposal was approved by the European Commission in 2017."
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Mr_xx19/03/2019 16:55

The rich get richer



Those who own and operate their own businesses rather than rely on others for their income? That's to be attacked?

Congratulations...
Mr_xx19/03/2019 16:55

The rich get richer


Err... there are so many things wrong with that statement.

This “offer” is for any business - small, medium or large. Nothing exclusively “rich-est” as you suggest.

Getting richer: No, this is a penalty on RBS for not having diversified the market as they had agreed with the commission and thus is recompense to businesses who are stuck in a monopoly market. The exact opposite of your statement is true in this instance.

So, this has nothing to do with anyone getting richer - this about making RBS poorer. Ironically, taking money away from a business with the most secure and stable amount of wealth, who will have a number of “rich” people working for them.

In any event, what is so offensive about having personal wealth? That in of itself is no crime, neither is it fair to disapprove of people’s success. If their success has been at causal deficit to others, then perhaps I’d be inclined to agree. But I don’t know anyone personally who would fall into that category, nor am I knowledgable enough about the issue of others I don’t know. Nonetheless, the issue is one of morals and their specific cases.
Best use of tax payers money I guess. Cant they just pay it back so we all can benefit as it was us the tax payers that bailed them in the first place. Greedy bankers.

But this is great deal if you are eligible.
I’ve just checked and highest offer is £3150 for Clydesdale!!!

Steaming hot offer!!
75 Comments
Why we're asking you to consider switching to another bank
In 2008 and 2009 we received financial support from the UK Government. As a result, we made a commitment to help increase competition in UK business banking and reduce our market share.
We originally planned to do this by setting up a new bank – Williams & Glyn – which you were due to move to, but that’s no longer going ahead. Instead, the Business Banking Switch proposal was approved by the European Commission in 2017.


37290784-i9UQ9.jpg
37290784-i1U7k.jpg

Check out offers here....

businessbankingswitch.rbs.co.uk/offers
Edited by: "soled73" 19th Mar
Really?! Opened an RBS business account end of last year, £3k bribe would be awesome.

Is this via phone, email or RBS messaging?
jaydeeuk16 m ago

Really?! Opened an RBS business account end of last year, £3k bribe would …Really?! Opened an RBS business account end of last year, £3k bribe would be awesome.Is this via phone, email or RBS messaging?



You can ask the Bot - called Cora (RBS's Alexa).. or use more traditional channels....


If you have any questions our Business Banking Switch team is on hand to help you.

Phone number: 0800 151 2980
Minicom: 0800 068 1289
International: +44 161 933 8108

Opening hours: Monday to Friday 8am - 6pm, excluding bank holidays. Calls may be recorded
In person: Speak to your Relationship Manager or your usual contact.
I’ve just checked and highest offer is £3150 for Clydesdale!!!

Steaming hot offer!!
The rich get richer
Best use of tax payers money I guess. Cant they just pay it back so we all can benefit as it was us the tax payers that bailed them in the first place. Greedy bankers.

But this is great deal if you are eligible.
Only a small proportion of customers are eligible for this deal. It is for anyone who was originally going to move from NatWest or RBS to Williams and Glyn until RBS pulled the plugin setting up that bank.

Broadly speaking this would be NatWest business customers who reside in Scotland and RBS business customers who reside in England.

supportcentre-rbs.co.uk/Searchable/1132113902/What-is-Business-Banking-Switch.htm
Edited by: "Regprentice" 19th Mar
lisamckinney6 m ago

I’ve just checked and highest offer is £3150 for Clydesdale!!!Steaming hot …I’ve just checked and highest offer is £3150 for Clydesdale!!!Steaming hot offer!!




Yes just asked Cora...

Cora
at 16:56, Mar 19:Each participating bank has created its own offers. These offers are designed to be better than what would normally be available in the market and could include preferential terms such as free banking, a cash offer and/or something specific to support your business.


Cora
at 16:56, Mar 19:By entering your account number and sort code on the website, you’ll be able to see a list of specific offers that are available to your business.


Cora
at 16:56, Mar 19:If any of these appeal to you, you can submit your interest and can give us your consent to pass your details on to a participating bank/s. You will then communicate with the participating bank and you can decide if you want to proceed with switching your business current account and any applicable loans to them.


Cora
at 16:56, Mar 19:You can view your offers

businessbankingswitch.rbs.co.uk/offers
Mr_xx19/03/2019 16:55

The rich get richer



Those who own and operate their own businesses rather than rely on others for their income? That's to be attacked?

Congratulations...
Mr_xx13 h, 41 m ago

Comment deleted



Oh, so you admit to being a troll?
Mr_xx19/03/2019 16:55

The rich get richer


Err... there are so many things wrong with that statement.

This “offer” is for any business - small, medium or large. Nothing exclusively “rich-est” as you suggest.

Getting richer: No, this is a penalty on RBS for not having diversified the market as they had agreed with the commission and thus is recompense to businesses who are stuck in a monopoly market. The exact opposite of your statement is true in this instance.

So, this has nothing to do with anyone getting richer - this about making RBS poorer. Ironically, taking money away from a business with the most secure and stable amount of wealth, who will have a number of “rich” people working for them.

In any event, what is so offensive about having personal wealth? That in of itself is no crime, neither is it fair to disapprove of people’s success. If their success has been at causal deficit to others, then perhaps I’d be inclined to agree. But I don’t know anyone personally who would fall into that category, nor am I knowledgable enough about the issue of others I don’t know. Nonetheless, the issue is one of morals and their specific cases.
After the way RBS screwed hundreds of small businesses a few years ago, I'm amazed there are still business owner who trust them enough with their money to bank with them.
Anyone who is eligible for this should have already been notified, it's part of RBS's obligations (and I've just noticed it says so in that screen grab!).

For those that are eligible, please make sure you read the offers. For example, I was also offered Clydesdale and did look particularly attractive with the extra £150. But going into their account small print I could see that their service charges are higher than others, meaning that the extra £150 would be more than gone in just over a year. I'm off to Co-op, they only give the 'basic' 3K but their service charges are much lower.
Edited by: "slimy31" 19th Mar
Capitalism +Western democracy are bloody confusing!!!!!
Mr_xx2 h, 35 m ago

The rich get richer


Another dime bar.
For those moaning, this is all to do with the bailout conditions from c2008.

As nobody wanted to buy the W&G assets, RBS are funding moves away instead.
I'm with Natwest and all my offers are around £1k to switch
mikeegoose19/03/2019 16:55

Best use of tax payers money I guess. Cant they just pay it back so we all …Best use of tax payers money I guess. Cant they just pay it back so we all can benefit as it was us the tax payers that bailed them in the first place. Greedy bankers.But this is great deal if you are eligible.


Yea, lets blame the retail banks for lending us money we applied for, to buy houses we wanted to live in, but it turns out we didn't plan ahead and couldn't afford. Good idea!
Applied last week, heard nothing from Yorkshire bank yet though
Some offered 3k others only 1k , what criteria are they using to make offer ? Or is it just the luck of the draw ?
harmageddon20/03/2019 00:27

Some offered 3k others only 1k , what criteria are they using to make …Some offered 3k others only 1k , what criteria are they using to make offer ? Or is it just the luck of the draw ?


Ok just going to answer my own question, hope it helps anyone wanting to know the same ....

It depends on turn over
Up to £15k = £750,
£15k to 100k = £1000
100k to 500k = £3000

Any more than that or any other info see ... gov.uk/gov…ack
Just when I thought I understood how the money markets worked ... and then this comes along!
Shame the time machine is in for a sevice!
37294255-SDS8J.jpg
It actually goes up to £50k
lisamckinney8 h, 12 m ago

I’ve just checked and highest offer is £3150 for Clydesdale!!!Steaming hot …I’ve just checked and highest offer is £3150 for Clydesdale!!!Steaming hot offer!!


And, they are now merging with Virgin Bank
feel really stupid, switched my RBS business account to Yorkshire bank 6 months ago because of this issue. Didn't even consider in my wildest dream the incentive would be that high! Would have gotten 1K based on the previously mentioned bands.
Mr_xx13 h, 34 m ago

The rich get richer


Due to all the money printing.. should have gone for stricter austerity
harmageddon6 h, 12 m ago

Ok just going to answer my own question, hope it helps anyone wanting to …Ok just going to answer my own question, hope it helps anyone wanting to know the same ....It depends on turn over Up to £15k = £750,£15k to 100k = £1000100k to 500k = £3000Any more than that or any other info see ... https://www.gov.uk/government/publications/rbs-state-aid-alternative-remedies-package/introduction-to-the-alternative-remedies-package-information-pack


And I was wondering why I have been offered only £750, because I don’t use my natwest business account. So probably they think the turnover is under £15k. But what if I start the use the new business account and they see that my actual turnover is alit higher than this amount. Will I get the original amount or the higher amount?
I am a natwest customer and reside in Sheffield. I got the offer but the highest was £750 I think.
I tried to switch and still in process of it. Santander is keep asking for the same document 4-5 times a day and I am sending it to them. I just need to call them.
Regprentice13 h, 50 m ago

Only a small proportion of customers are eligible for this deal. It is for …Only a small proportion of customers are eligible for this deal. It is for anyone who was originally going to move from NatWest or RBS to Williams and Glyn until RBS pulled the plugin setting up that bank. Broadly speaking this would be NatWest business customers who reside in Scotland and RBS business customers who reside in England.supportcentre-rbs.co.uk/Searchable/1132113902/What-is-Business-Banking-Switch.htm

Who is actually picking up the tab here? Hoping RBS is not still “state owned” as a result of the bail out... otherwise we are all funding this...!
Mr_xx15 h, 8 m ago

The rich get richer


It's nearly 1/8th the amount I paid in income tax last tax year, think of it as coming from my share
harmageddon7 h, 31 m ago

Ok just going to answer my own question, hope it helps anyone wanting to …Ok just going to answer my own question, hope it helps anyone wanting to know the same ....It depends on turn over Up to £15k = £750,£15k to 100k = £1000100k to 500k = £3000Any more than that or any other info see ... https://www.gov.uk/government/publications/rbs-state-aid-alternative-remedies-package/introduction-to-the-alternative-remedies-package-information-pack


I've only been trading 7 months so turnover around £80k so far, guess I can just wait a couple of months to apply, assuming all the cash hasn't gone by then.
slimy3119/03/2019 18:09

Anyone who is eligible for this should have already been notified, it's …Anyone who is eligible for this should have already been notified, it's part of RBS's obligations (and I've just noticed it says so in that screen grab!). For those that are eligible, please make sure you read the offers. For example, I was also offered Clydesdale and did look particularly attractive with the extra £150. But going into their account small print I could see that their service charges are higher than others, meaning that the extra £150 would be more than gone in just over a year. I'm off to Co-op, they only give the 'basic' 3K but their service charges are much lower.


But I think Clydesdale also offer 25 months free business banking. Could always switch after 2 years to another provider.

Those considering Metro Bank read this google.com/amp…539
Mr_xx15 h, 36 m ago

The rich get richer


The 1% pay 83% of the world's taxes. I wish I was rich too but no need to denegrate.
Edited by: "jinkssick" 20th Mar
So the real question is how do i open an account now so i can move away from it
soled7317 h, 42 m ago

Why we're asking you to consider switching to another bankIn 2008 and 2009 …Why we're asking you to consider switching to another bankIn 2008 and 2009 we received financial support from the UK Government. As a result, we made a commitment to help increase competition in UK business banking and reduce our market share.We originally planned to do this by setting up a new bank – Williams & Glyn – which you were due to move to, but that’s no longer going ahead. Instead, the Business Banking Switch proposal was approved by the European Commission in 2017.[Image] [Image] Check out offers here....https://businessbankingswitch.rbs.co.uk/offers



Would I qualify if I opened a Starling Business Ac last year?

TA
bilbob20 h, 15 m ago

Those who own and operate their own businesses rather than rely on others …Those who own and operate their own businesses rather than rely on others for their income? That's to be attacked?Congratulations...


Unfortunately this is the attitude in the UK. Money apparently falls from the sky.
X3R3S19/03/2019 17:35

Err... there are so many things wrong with that statement.This “offer” is f …Err... there are so many things wrong with that statement.This “offer” is for any business - small, medium or large. Nothing exclusively “rich-est” as you suggest. Getting richer: No, this is a penalty on RBS for not having diversified the market as they had agreed with the commission and thus is recompense to businesses who are stuck in a monopoly market. The exact opposite of your statement is true in this instance. So, this has nothing to do with anyone getting richer - this about making RBS poorer. Ironically, taking money away from a business with the most secure and stable amount of wealth, who will have a number of “rich” people working for them. In any event, what is so offensive about having personal wealth? That in of itself is no crime, neither is it fair to disapprove of people’s success. If their success has been at causal deficit to others, then perhaps I’d be inclined to agree. But I don’t know anyone personally who would fall into that category, nor am I knowledgable enough about the issue of others I don’t know. Nonetheless, the issue is one of morals and their specific cases.


Most people have no clue that 80% of the taxes which fund the NHS, benefits, other public services are paid for by less than the top 20% of earners. The top 1% of earners pay approx. 27% of the overall national income tax burden.

Whenever I hear of a banker receiving a 7 figure bonus, I do envy him/her but also admire the approx £500K of income tax that person contributes to the national coffers.

Nearly half of Britons pay no income tax.
As a small business owner this offer gets a hot from me. Often I take low earnings due to waiting on clients to pay their invoices. Right now I have over £20k worth of invoices outstanding so I’m definitely not the rich getting richer! Staff etc have to be paid so who comes lower down that list... me! A £3k bonus will certainly ease cash flow!

RBS have sent numerous letters about this but busy SME’s will just keep putting it off - like I have as working on and winning new business is a priority. A £3k incentive that I spotted through HUKD is definitely an incentive for me to make it happen!
@soled73

Was that the first offer. Did he take it.

How much is the business account every month.
Why is this shown on a deals website? As I read this only certain customers are eligible and they've already been written to by the banks.
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