Natwest Current Account Switch - £125 incentive
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Natwest Current Account Switch - £125 incentive

490
Found 10th Jan
Natwest are offering £125 to switch your current account to them, this must be done online and to qualify you must- complete a full switch, pay £1500 and log into either online or mobile banking by the 16/03/2018.

The account must be applied for by the 16/02/2018

It must be either to a new account (Select, Reward, Reward Silver, Reward Platinum, Reward Black) or to an existing account (excluding Foundation and youth).

Combine this with the Reward account to get 2% back on your household bills (£2 per month fee applies) or if that doesn't suit then there is the Select Account with no fee.
Community Updates
No direct debits required!

You only have to make ONE payment of £1500!

YOU CAN EVEN SWITCH FROM A SAVINGS ACCOUNT (so long as it has a 6-digit sort code and 8-digit account number ie 123456-12345678!!!! This comes up in switching options... current account or... "Savings Account (Excluding ISA and FRB)"

If you wanted to switch more than one account, you can! Mmaybe to roll up / tidy all the direct debits and standing orders you have all over the place from when you took up all the other banks switching offers!

Sadly, no TCB or Quidco on top 😣

T&C beta.natwest.com/con…pdf

"To make it easier for you to provide us with your ID, you can do it online. We have a service, called DigiDocs that can verify your ID safely and securely. You just need to supply us with your UK mobile number and email. The ID that we need from you could be a UK passport, UK driving licence, bank statement or utility bill." and "If you’ve just successfully opened an account, it can take up to two business days before online banking is available."

TIP - PROVIDING DRIVER LICENCE INFO IS EASIER THAN PASSPORT! VARIES FROM APPLICATION TO APPLICATION

ANOTHER TIP - ORDER A CARD READER AS SOON AS YOU CAN GET INTO YOUR ACCOUNT, WITHOUT IT YOU CANNOT SET UP ANY PAYMENTS!

 "Joint accounts will only be eligible for one payment. You can only benefit from this offer once and we can withdraw it at any time"
It should be clear.

Well sharpharp maybe it should be put in the title. I'm just cluless in what sort of person you were! But thanks for letting the world know you're a moron thanks for clearing that up.
Ignore Anon32, he's clueless. The £2 fee only applies to the "Reward" account.
If you pick the "Select" account, there is no fee charged
Tried doing a savings account to existing current account and got rejected. Be wary on that front.

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Top comments
Ha, so many other banks with better customer service, products and apps offering the same

First Direct.

I switched from NatWest to FD back in 2014, best decision ever!
You dont have to switch your main account to them nor use it as a main account. Just do the switch to get the bonus
Received my £250 bonus for opening and switching to a youandb account, which I was about to close. Instead I can use this to switch it to my existing NatWest current account and make £125..lovely stuff. Cheers OP.
dean0264 m ago

Left Natwest after 12 years, got fed up with them treating me like …Left Natwest after 12 years, got fed up with them treating me like garbage. Never again so cold from me.


LOL great logic. Treated you like "garbage" so the deal is cold
490 Comments
Ha, so many other banks with better customer service, products and apps offering the same

First Direct.

I switched from NatWest to FD back in 2014, best decision ever!
*Sloman*3 m ago

Ha, so many other banks with better customer service, products and apps …Ha, so many other banks with better customer service, products and apps offering the sameFirst Direct.I switched from NatWest to FD back in 2014, best decision ever!


What do first direct do better?
You dont have to switch your main account to them nor use it as a main account. Just do the switch to get the bonus
...and you only have to pay in the £1500 once not a regular amount like some
Received my £250 bonus for opening and switching to a youandb account, which I was about to close. Instead I can use this to switch it to my existing NatWest current account and make £125..lovely stuff. Cheers OP.
Left Natwest after 12 years, got fed up with them treating me like garbage. Never again so cold from me.
dean0264 m ago

Left Natwest after 12 years, got fed up with them treating me like …Left Natwest after 12 years, got fed up with them treating me like garbage. Never again so cold from me.


LOL great logic. Treated you like "garbage" so the deal is cold
dougieskins16 m ago

Received my £250 bonus for opening and switching to a youandb account, …Received my £250 bonus for opening and switching to a youandb account, which I was about to close. Instead I can use this to switch it to my existing NatWest current account and make £125..lovely stuff. Cheers OP.

Hi Dougie
I'm intrigued as to this you and b account with a £250 pound switch bonus . I've done nearly every other switch and wondered if you could help me with some details .
Was only saying last week that NatWest was probably the only bank I've never had an account with. Me thinking that may well change.
My You & B hasn't paid out yet, but Co-op could move.
Edited by: "holeymoley18" 10th Jan
Got two M&S current accounts which are ready to move to gobble up more switching incentives, so nice, thanks!

No direct debit requirements either? Lovely!
wendyak30 m ago

...and you only have to pay in the £1500 once not a regular amount like …...and you only have to pay in the £1500 once not a regular amount like some


T&Cs @ beta.natwest.com/con…pdf

It's a shame it's not clear if it's a £1,500 balance at the time of eligibility, or if it's a total of £1,500 deposit.

Am an existing customer (joint account with partner) so we don't have much in the account, just what is needed for the bills.
*Sloman*59 m ago

Ha, so many other banks with better customer service, products and apps …Ha, so many other banks with better customer service, products and apps offering the sameFirst Direct.I switched from NatWest to FD back in 2014, best decision ever!


I've personally had nothing but problems with First Direct - I tried opening an account with them and they sent 2 forms to sign with my signature which I sent it back and they rejected because the signatures weren't a perfect match, apparently one letter was slightly more "cursive" than the other. Took around a month to respond. It's the only bank account I've attempted to open that's required a signature and been a true pain - most are now happy with digital signatures, especially if you don't have a cheque book. I even opened a HSBC account which they are a part of and didn't require any signatures. Meh.
If I pick "SELECT PRIVATE" or "SELECT ACCOUNT" will i still be eligible for this offer?


If not, then do the other fee accounts have a minimum contract period?
Exisiting customers too epic
Original Poster
kutekitty14 m ago

If I pick "SELECT PRIVATE" or "SELECT ACCOUNT" will i still be eligible …If I pick "SELECT PRIVATE" or "SELECT ACCOUNT" will i still be eligible for this offer?If not, then do the other fee accounts have a minimum contract period?


If you go for a select account you should be, Terms and Conditions don’t mention the Private one
bloooo1 h, 18 m ago

What do first direct do better?


Answer the phone in 30seconds and not 30mins like NatWest
holeymoley1850 m ago

Was only saying last week that NatWest was probably the only bank I've …Was only saying last week that NatWest was probably the only bank I've never had an account with. Me thinking that may well change.My You & B hasn't paid out yet, but Co-op could move.


Application made √
NatWest were my first bank, way back in around 1994. I stuck with them until last year, for my main current account. They are "OK"! Like they have a lot of branches which is good, and their online banking is decent if not exceptional. They do most things well enough.

However! TSB have been better so far and they give up to 5% interest on 'low'' balances and other incentive(s^) so I would recommend that sort of thing. If you switch, by all means collect that £125, but be aware that you are not getting interest on your current account and their other accounts have pretty miserly interest.

I mean they are pretty good overall but somehow there is somewhat better out there.
Edited by: "Zoea" 10th Jan
bloooo1 h, 38 m ago

What do first direct do better?


Every single thing. Most banks are doing these incentives but reason these are is to get customers who left after after their numerous system issues in the last couple of years.
garreh42 m ago

I've personally had nothing but problems with First Direct - I tried …I've personally had nothing but problems with First Direct - I tried opening an account with them and they sent 2 forms to sign with my signature which I sent it back and they rejected because the signatures weren't a perfect match, apparently one letter was slightly more "cursive" than the other. Took around a month to respond. It's the only bank account I've attempted to open that's required a signature and been a true pain - most are now happy with digital signatures, especially if you don't have a cheque book. I even opened a HSBC account which they are a part of and didn't require any signatures. Meh.


FD are picky who they give accounts to always have been , but to be fare to them with the money laundering legislation they have to make sure the details match and since signature are one if the key element of your account it has to match. To show how bad it is, our 15 year old got a new cash card account with the Halifax last week, even though she had two accounts with them already because of the money laundering regulation she had to take in her passport, she already had two accounts but needed to prove id, I also had to take in my id and prof of address again even though I was on the accounts already.
I’d want a lot more than that to switch back to these muppets
So assuming that if you've had the recent Clydesdale/B account/YB switch completed you can then use that account to switch to this?
lanc_red12 m ago

So assuming that if you've had the recent Clydesdale/B account/YB switch …So assuming that if you've had the recent Clydesdale/B account/YB switch completed you can then use that account to switch to this?


Yep!
As long as NatWest keep their windows phone app im sticking with them, i also seem to benefit from their rewards account!

Shame they seem to be closing all the branches like everyone else ☹
Nat West, we are what we do........

Closing a branch near you.

Cold
willyzippy891 h, 10 m ago

Exisiting customers too epic


Is it, surely a no brainer if using Natwast already
Available in branch ..... cost you £100 in fuel and parking charges to travel to the nearest place to do so
It says you also have to "complete a full switch of a non-NatWest account to your eligible account using the Current Account Switch Service"


Does that mean they will move all your direct debits etc?
WIGTYPE5 m ago

It says you also have to "complete a full switch of a non-NatWest account …It says you also have to "complete a full switch of a non-NatWest account to your eligible account using the Current Account Switch Service"Does that mean they will move all your direct debits etc?


Yes
Banned
I run a small organisation out of a Columbia. We make mainly herbal products that we export to Europe and the UK via the south west coast of Ireland. We have quite a lot of cash to deposit, will i qualify for the free £125? We would be looking to deposit several billion although some of the notes have white power or are blood soaked!
Original Poster
Graham197956 s ago

I run a small organisation out of a Columbia. We make mainly herbal …I run a small organisation out of a Columbia. We make mainly herbal products that we export to Europe and the UK via the south west coast of Ireland. We have quite a lot of cash to deposit, will i qualify for the free £125? We would be looking to deposit several billion although some of the notes have white power or are blood soaked!


Nah HSBC might be better
Ok so do I have to deposit the full £1500 in one go or can I pay bits in up to month , thanks
Just in the motions of leaving Natwest... if you just want a bank account for day to day stuff they are good. Their app is really well polished and pretty idiot proof.

I left them because they couldn't support me on refinancing and threw away 22 years of history by doing so. They wanted to lock me into a higher interest rate even though every other bank was giving me half the rate. (Really soured my long term relationship with them)
dean0262 h, 55 m ago

Left Natwest after 12 years, got fed up with them treating me like …Left Natwest after 12 years, got fed up with them treating me like garbage. Never again so cold from me.


Did they ask for their money back or something?
applied, accepted, switching from Clydesale as I got my switching bonus today.

Should be an easy switch, hardly any hoops to jump through.

HEAT
foxxes3 h, 21 m ago

LOL great logic. Treated you like "garbage" so the deal is cold …LOL great logic. Treated you like "garbage" so the deal is cold


They have their own logic based upon their experience. Valid comment from their perspective. A junkie stole from me - i don't trust him - the same junkie didn't steal from a mutual friend - he still trusts him. Logic applies in both case equally well.
Does anyone know if it matters if you have already had an account with them before?
Pretty sure I chosen NatWest as my first ever donor bank account, then switched to an incentive account. No doubt that makes me not eligible for this. Currently messing around with m&s and their silly get a doctor or nurse to verify your identification, then them rejecting stuff for silly reasons
jobibear14 m ago

They have their own logic based upon their experience. Valid comment from …They have their own logic based upon their experience. Valid comment from their perspective. A junkie stole from me - i don't trust him - the same junkie didn't steal from a mutual friend - he still trusts him. Logic applies in both case equally well.


What a load of tosh. This is a deal website not Facebook. If a deal was posted for a £10 PS4 on Amazon. Its not a cold deal just because you may have had a bad experience with them.
could anyone please confirm if I need to pay 1500 every month or just once ?
Original Poster
louiearch93096 m ago

Pretty sure I chosen NatWest as my first ever donor bank account, then …Pretty sure I chosen NatWest as my first ever donor bank account, then switched to an incentive account. No doubt that makes me not eligible for this. Currently messing around with m&s and their silly get a doctor or nurse to verify your identification, then them rejecting stuff for silly reasons


T&Cs state for New and existing customers and doesn’t mention anything about having accounts previously.
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