Unfortunately, this deal is no longer available
Switch to NatWest and get £150 (new and existing customers)
1653° Expired

Switch to NatWest and get £150 (new and existing customers)

228
Refreshed 21st Jan 2019 (Posted 7th Jan 2019)

This deal is expired. Here are some options that might interest you:

Switch must be completed by 22nd March. Applies to whole range of Natwest current accounts. Not eligible if received a switching bonus from Natwest or RBS since October 2017.
Community Updates
Switch to NatWest and get £150
This offer is available to new and existing customers. Just use the Current Account Switch Service to close your current account held elsewhere and switch to us before 15th of February 2019.

You'll need to pay in at least £1,500 and log in to Online or Mobile Banking by 22nd of March 2019. We'll then credit your NatWest account by the 19th of April 2019.

personal.natwest.com/per…tml
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Top comments
Minimum pay in of 1500 pm. Dont get paid enough
I need to leave as they just wind me up - I have been meaning to for the last 15 years....
NatWest have a bizarre online banking system where, once you switch, you can't see the Direct Debits that have moved over from your old bank to verify they are all there.

If NatWest or your old bank messed up the transfer of Direct Debits you won't know unless you contact every company you have a DD with manually. For some this could be 6-8 phone calls.

NatWest should sort it out if anything does goes wrong.

However, NatWest's IT systems are clearly not up to scratch. If bills are missed, I would have black marks on my credit file for up to 6 years. All NatWest can do to rectify it is put a note on my file saying it was their fault. This is never as good as just having a clean file, and assumes NatWest don't play silly buggers.

Avoid.
Edited by: "arCuThEDOWDr" 7th Jan 2019
228 Comments
Left them a few years back after a series of IT disasters.
Still with NatWest after the IT meltdown.
I need to leave as they just wind me up - I have been meaning to for the last 15 years....
FreebieJeebie07/01/2019 14:33

Still with NatWest after the IT meltdown.



Bet you're waiting for the next IT meltdown, it's quite "lucrative"...
UPDATED to admit to having egg on my face. Missed/forgot the notification that said 3% was dropping to 2% but I am still getting more Rewards than the fee that I pay - so still good for me.

With all that in mind, I now need to look at this £150 and try to find out why it is also offered to people like me who already have a Reward account??? :/
=================================
If you already have a NatWest reward account and move to their "new" Reward account, your Rewards will drop from 3% to 2%. If you only have a small number of things that give you Rewards, you may very well find that it is still worth moving for the £150.
Edited by: "cibarious" 8th Jan 2019
What’s the terms? Do I need direct debits etc?
cibarious5 m ago

If you already have a NatWest reward account and move to their "new" …If you already have a NatWest reward account and move to their "new" Reward account, your Rewards will drop from 3% to 2%. If you only have a small number of things that give you Rewards, you may very well find that it is still worth moving for the £150.


it dropped to 2% anyway?
Minimum pay in of 1500 pm. Dont get paid enough
I've had a couple of awful experiences with Natwest, so would definitely not recommend from a personal perspective.
Still not got my bonus from RBS the last time they launched this offer
Awful bank...
How it works for existing customers?
NatWest have a bizarre online banking system where, once you switch, you can't see the Direct Debits that have moved over from your old bank to verify they are all there.

If NatWest or your old bank messed up the transfer of Direct Debits you won't know unless you contact every company you have a DD with manually. For some this could be 6-8 phone calls.

NatWest should sort it out if anything does goes wrong.

However, NatWest's IT systems are clearly not up to scratch. If bills are missed, I would have black marks on my credit file for up to 6 years. All NatWest can do to rectify it is put a note on my file saying it was their fault. This is never as good as just having a clean file, and assumes NatWest don't play silly buggers.

Avoid.
Edited by: "arCuThEDOWDr" 7th Jan 2019
If u start the online application, it asks you if you are an existing customer and then asks u which account u want to switch too. Then asks for existing account details.
Edited by: "LindaB00" 7th Jan 2019
The £1500 pm is only for the rewards account there is a free option.
arCuThEDOWDr07/01/2019 15:07

NatWest have a bizarre online banking system where, once you switch, you …NatWest have a bizarre online banking system where, once you switch, you can't see the Direct Debits that have moved over from your old bank to verify they are all there. If NatWest or your old bank messed up the transfer of Direct Debits you won't know unless you contact every company you have a DD with manually. For some this could be 6-8 phone calls. NatWest should sort it out if anything does goes wrong. However, NatWest's IT systems are clearly not up to scratch. If bills are missed, I would have black marks on my credit file for up to 6 years. All NatWest can do to rectify it is put a note on my file saying it was their fault. This is never as good as just having a clean file, and assumes NatWest don't play silly buggers.Avoid.


That's because the DD is only "created" in the back end and therefore visible once a transaction has been made that utilises it. It makes sense, but it's dumb.
ben.franklin07/01/2019 14:48

I've had a couple of awful experiences with Natwest, so would definitely …I've had a couple of awful experiences with Natwest, so would definitely not recommend from a personal perspective.



I think the same could be said of banks in general TBF.

I "recommended a friend" for a Nationwide account a few months ago, and they made a pigs ear of the switch...over a 5 week period. Yes, I said weeks, not days.

My friend in turn had issues with Barclays, hence why she wanted the move.
delboyd3 m ago

That's because the DD is only "created" in the back end and therefore …That's because the DD is only "created" in the back end and therefore visible once a transaction has been made that utilises it. It makes sense, but it's dumb.


I've never had this issue with any other bank, it really puts me off from switching to NatWest
cibarious49 m ago

If you already have a NatWest reward account and move to their "new" …If you already have a NatWest reward account and move to their "new" Reward account, your Rewards will drop from 3% to 2%. If you only have a small number of things that give you Rewards, you may very well find that it is still worth moving for the £150.


There is only one rewards account , it used to cost £3 per month and pay 3%, now it costs £2 per month and pays 2% cash back on utility bills paid by dd.
gareth_reynolds47 m ago

Minimum pay in of 1500 pm. Dont get paid enough


You only need to pay that in once to get the cashback. And you could prob do it in several chunks, e.g. back and forth from another account you have with a different bank.
Do they give double for joint accounts?
waiting for lyolds to do switching bonus 😁
Customer 30 years, never had a problem.
LindaB0007/01/2019 15:23

If u start the online application, it asks you if you are an existing …If u start the online application, it asks you if you are an existing customer and then asks u which account u want to switch too. Then asks for existing account details.


As a normal current account holder any idea what I would switch to, presume it would be a reward account.
Not voted either way. It's a great bonus, but having just switched I wouldn't recomend it. They messed up everything from new cards to payments, all the way through Christmas I couldn't access my cash or buy anything.
I won't even get the switch bonus because of how they failed to listen. Nightmare. Switching again at the end of the month.
My misses has been with Natwest for over 20 years, can she switch for the £150 bonus?
Sharpharp1 h, 29 m ago

Bet you're waiting for the next IT meltdown, it's quite "lucrative"...


Don’t know how lucrative meltdowns are but do enlighten me so that I can claim next time
I've witched with most banks, this one was the worst. Messed up my DD's. Did not confirm that application was accepted. Failed to tell me when account was opened. However, cashback was paid on time, and £50 compensation was given for each problem I raised a complaint about. I checked DD's myself, so no payments missed, despite their errors. Therefore, quids in, but will be leaving as soon as another attractive switch becomes available.
I switched before Xmas when they were offering £125 which I should get next month. Have to say my switch went very smoothly with no issues
snoopy1807/01/2019 15:39

Customer 30 years, never had a problem.


Do you not use their online services then 😁
Weird how it's pay in 1500. Usually it's 1500 a month. So basically I could just close a random account with no direct debits transfer 1500 into and back out then login to the banking app and get £150??
Natwest is a third class bank. Not worth it.
Gazz5907/01/2019 15:27

I think the same could be said of banks in general TBF.I "recommended a …I think the same could be said of banks in general TBF.I "recommended a friend" for a Nationwide account a few months ago, and they made a pigs ear of the switch...over a 5 week period. Yes, I said weeks, not days.My friend in turn had issues with Barclays, hence why she wanted the move.


Wow that's pretty bad!

As you say, issues can happen with any bank I guess, though I've also had a personal account with HSBC and never had an issue, whereas the issues with Natwest have been fairly catastrophic.
Sunpan12307/01/2019 16:50

Natwest is a third class bank. Not worth it.


Agreed! It’s about time natwest was separeated from Royal Bank of Scotland. The bad stuff with rbs and the good stuff with Natwest. Then natwest to be floated on the london stock exchange. Then rbs given to the scottish government and let them sort out tje mess
snoopy1807/01/2019 15:39

Customer 30 years, never had a problem.


Come on, they have locked out customers many times in the last few years, if you haven’t had any issues you must have been on holiday each time it happened.
arCuThEDOWDr07/01/2019 15:07

NatWest have a bizarre online banking system where, once you switch, you …NatWest have a bizarre online banking system where, once you switch, you can't see the Direct Debits that have moved over from your old bank to verify they are all there. If NatWest or your old bank messed up the transfer of Direct Debits you won't know unless you contact every company you have a DD with manually. For some this could be 6-8 phone calls. NatWest should sort it out if anything does goes wrong. However, NatWest's IT systems are clearly not up to scratch. If bills are missed, I would have black marks on my credit file for up to 6 years. All NatWest can do to rectify it is put a note on my file saying it was their fault. This is never as good as just having a clean file, and assumes NatWest don't play silly buggers.Avoid.


Mate HSBC is just as weird. I had my rent standing order transferred from barclays to them recently, and my rent has gone up since. Nowhere in the app could I verify the correct bank details for the standing order nor could I edit the amount to be sent!
ben.franklin45 m ago

Wow that's pretty bad!As you say, issues can happen with any bank I guess, …Wow that's pretty bad!As you say, issues can happen with any bank I guess, though I've also had a personal account with HSBC and never had an issue, whereas the issues with Natwest have been fairly catastrophic.


I guess it's all down to luck at the end of the day, irrespective of the bank, obviously with some better than others.

Halifax made me laugh...I switched to them from Lloyds, only then to discover Halifax are partly owned by Lloyds, and bang opposite each other in the TC for what that's worth.

Halifax paid £100 into my new account within a day or two BUT didn't transfer my cash ...the DD's, the SO's but not the cashto service them so I simply did it myself, as my Lloyds account was still open & active, and then? well, as I still had a LLoyds account, I switched it for yet another bonus.
HAPPY DAYS
Anon321 h, 26 m ago

Agreed! It’s about time natwest was separeated from Royal Bank of S …Agreed! It’s about time natwest was separeated from Royal Bank of Scotland. The bad stuff with rbs and the good stuff with Natwest. Then natwest to be floated on the london stock exchange. Then rbs given to the scottish government and let them sort out tje mess


Lovely. What a marvellous idea.
I’ve not had a bad experience with NatWest in 10 years. One of the best banking apps around too.
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