NatWest Select Account
- Get £175 when you Switch and Stay
- Stay in control of your money with easy to use app
- Make payments under £30 with just one tap
- Available as a joint account
- No monthly fee
If you don’t like your bank, maybe it’s time to switch. Big banks like HSBC, RBS and Natwest offer up to £175 just for switching. Or, maybe now is the time to try out an app-only bank? This guide explains everything for you.
The process is simple thanks to the Current Account Switch Service (CASS). Any banks signed up to CASS will switch over your account for you in seven-working-days.
All you have to do is open a new account, use your new banks switching service, and your old account will be closed. Your money, direct debits, standing orders and anything else will be switched over for you too. You can even switch if you’re overdrawn.
Here are some key points to compare current accounts:
Some accounts might charge a joining fee (this is becoming more and more rare. You’re probably more likely to be offered a joining reward for your custom. Vouchers, cash, exclusive deals – either way, keep an eye out!)
Some accounts may require you to pay in a certain amount each month. Not doing so could incur a penalty. If you don’t think you’ll be able to keep up with the payments, steer clear of these accounts.
You want to make sure your money is working as hard as possible. Comparing interest rates to find the most competitive deals is really important when choosing current accounts.
These vary from bank to bank. It’s important to know how much you’ll be charged for dipping into your overdraft, or exceeding your overdraft limit.
You may have heard of Monzo, Starling, N26, Revolut, and others. This wave of digital banking apps and challenger banks has emerged in the UK over the past few years. Head to our digital banking section to compare the lot.
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