NatWest bank switch deal: February to April 2024

How much can I get with NatWest’s switch deal?

You get £200 within 7 days of meeting the eligibility criteria listed below. Once you switch, you can also access the Digital Regular Saver at 6.17% 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 £59.83 in interest after a year.

If you choose 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.

Who can get the deal?

New and existing NatWest customers can get it – one bonus per person (or one payment per joint account).

You can’t qualify if:

• You’ve had a switch bonus since January 2020 for moving to a bank within the NatWest Group (NatWest, RBS, Ulster Bank).
• You’re not switching to a Select or Reward account from the following list: Select (no monthly fee), Reward, Premier Select, Premier Reward, Premier Reward Black (there’s a longer list for existing customers).
• 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 £200 switching bonus

• Apply online or via the NatWest mobile app (no monthly fee for the Select account).
• Switch a current account held elsewhere using the Current Account Switch Service into a NatWest bank account.
• 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.

Exclusions

• You won’t be eligible to earn £200 if you’ve taken advantage of a cash switcher offer from NatWest, Royal Bank of Scotland plc or Ulster Bank since 1 January 2020.
• Joint accounts will only be eligible for one payment.

When the offer ends

The offer will end on Tuesday 2nd April 2024.

Compare NatWest current accounts

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Name	Product	Finder score	Account fees	Funding requirement	Interest (AER)	Arranged overdraft	Incentive	Representative example	Link
Select Account Select Account		4.3 ★★★★★	£0	No minimum funding requirement	0% AER	39.49% EAR variable (subject to status)	Free 24/7 Emergency Cash Service to withdraw up to £250 for online and telephone banking customers or £60 if not.	Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200 Subject to status. How does this overdraft compare? Representative APRs help you compare the cost of different credit products.	View details		loading Fetching your data...
Reward Account Reward Account		4.2 ★★★★★	£2 per month	Min. £1250 Per Month	0% AER	39.49% EAR variable (subject to status)	Earn 4 Rewards per month by making at a minimum of 2 direct debit payments of at least £2 each.	Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200 Subject to status. How does this overdraft compare? Representative APRs help you compare the cost of different credit products.	View details		loading Fetching your data...
OFFER Premier Select Account Premier Select Account	OFFER	3.9 ★★★★★	£0	No minimum funding requirement	0% AER	Arranged overdraft available. Subject to eligibility.	No foreign transaction fees on purchases abroad (ATM withdrawals & local fees may apply).	To apply, you need to be 18+ and a UK resident and have ONE of the following: Pay a minimum £100k sole income or £120k joint income paid into a NatWest account. Have £500k minimum mortgage borrowing with us. A minimum £100k savings or investments held with us. Representative Example: Assumed arranged overdraft of £1,200, 19.49% EAR variable p.a. representative 19.5% APR variable. How does NatWest's overdraft compare? Representative APRs help you compare the cost of different credit products.	Go to site View details		loading Fetching your data...

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