NatWest has launched a new £175 switching bonus that comes in 2 parts. You can get £125 when you switch to an eligible account and an extra £50 if you open a Digital Regular Saver. Here’s all the details on how to get the money, plus a little extra. For a full list of switching deals on the market, you can visit our switching deals guide.
How much can I get with NatWest’s switch deal?
You get £125 within 30 days of meeting the eligibility criteria listed below. To get the additional £50 you need to open a Digital Regular Saver within 60 days of completing your switch. With the Digital Regular Saver you can earn 5.50% AER (variable) on balances up to £5,000. If you save the maximum amount of £150 a month into the savings account, you’ll have £54.54 in interest after a year.
With the Reward account, you can get £5 a month extra – £4 for having 2 monthly direct debits worth over £2 and a further £1 for logging in to the mobile banking app once during the month. By doing so, you can earn an additional £36 per year after accounting for the Reward account’s £2 monthly fee.
That’s £265.54 in your first year, including switching bonus, maximum savings interest and monthly rewards.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
The offer is available to new and existing customers who don’t hold a NatWest current account as of 24th June 2025. So if you’re a NatWest mortgage customer but don’t have a current account with the bank, you could take advantage of this offer.
In order to get the cash, you’ll need to apply for and open a NatWest Reward (£2 a month), Premier Reward (£2 a month), Select or Premier Select account
You can’t qualify if:
You’ve had a switch bonus before for moving to a bank within the NatWest Group (NatWest, RBS, Ulster Bank).
You’re not a UK resident.
You’re not aged 18+.
You don’t fulfil all the terms – listed below.
How can I get the deal?
Requirements to get the £125 switching bonus
Apply online or via the NatWest mobile app for a Reward account (£2 a month), Premier Reward (£2 a month), Select or Premier Select account.
Switch a current account held elsewhere using the Current Account Switch Service into a NatWest bank account.
Within 60 days of switching, deposit £1,250 into your account and leave it there for at least 24 hours.
Log in to the mobile banking app within 60 days.
Requirements to get the £50 Digital Regular Saver payment
Have received the £125 switching payment.
Open a Digital Regular Saver within 60 days of completing your switch.
Once you receive your £125, NatWest will add another £50 to your Digital Regular Saver within 30 days.
Exclusions
You won’t be eligible to earn £175 if you’ve ever taken advantage of a cash switcher offer from NatWest, Royal Bank of Scotland plc or Ulster Bank.
Joint accounts will only be eligible for 1 payment, and only one party will be eligible for the additional £50.
When the offer ends
There’s no end date for the offer but it could be withdrawn at any time.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio
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Find out how you can pocket £175 for switching current accounts and how much interest you could earn on top.
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