A new £180 switching bonus from NatWest launched on 22 October 2024. Here’s how to get the money, plus 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 £180 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 £59.93 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 £275.93 in your first year, including switching bonus, maximum savings interest and monthly rewards.
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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 before for moving to a bank within the NatWest Group (NatWest, RBS, Ulster Bank).
You’re not switching to a Reward account from the following list: Reward (£2 a month), Reward Silver (£10 a month), Reward Platinum (£22 a month), Premier Reward (£2 a month) or Premier Reward Black (£36 a month).
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 for a Reward account (£2 a month), Reward Silver (£10 a month), Reward Platinum (£22 a month), Premier Reward (£2 a month) or Premier Reward Black (£36 a month).
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 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 one payment.
When the offer ends
There’s no end date for the offer but it could be withdrawn at any time.
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Liz Edwards has been a consumer writer and editor for more than 20 years. She led award-winning teams at the campaigning publisher Which?, and has covered a range of consumer rights and personal finance topics including pensions, credit, banking and insurance. Liz has appeared frequently in national media such as The Sun, Metro, HuffPost and The Independent. She loves to cut through waffle to give consumers the real lowdown. And she loves puns. See full bio
Liz's expertise
Liz has written 108 Finder guides across topics including:
Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio
Find out how you can pocket £175 for switching current accounts and how much interest you could earn on top.
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