NatWest bank switch deal: October to December 2024

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.

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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 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 £180 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 £180 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There’s no end date for the offer but it could be withdrawn at any time.

Compare NatWest current accounts

1 - 3 of 3

Updated daily

Product UKFSA-CUR	Finder Score	Account fees	Funding requirement	Interest (AER)	Arranged overdraft	Incentive	Representative example	Link
NatWest Select Account	Finder score 7.7Great	£0	No minimum funding requirement	0% AER	39.49% EAR variable (subject to status)		You must be 18+ and a UK resident. 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.	Go to site View details	loading Fetching your data...
NatWest Reward Account	Finder score Not yet rated	£2 per month	Min. £1250 Per Month	0% AER	39.49% EAR variable	You must be 18+ and a UK resident. Earn up to £5/month in Rewards (£4 with 2x +£2 direct debits set up, £1 for monthly app log in) and from 1% in Rewards when you spend with selected partners..	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.	Go to site View details	loading Fetching your data...
NatWest Premier Select Account Offer	Finder score Not yet rated	£0	No minimum funding requirement	0% AER	34.49% EAR (variable)	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. Effective annual interest rate 0% on arranged overdrafts up to £500, 34.49% EAR (variable) above £500. Representative 20.1% APR (variable). How does this 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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Finder Score for bank accounts

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.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Liz Edwards

Editor-in-chief

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 106 Finder guides across topics including:

• Consumer rights and protection
• Saving money
• Buy now, pay later
• Insurance
• Consumer trends

Co-written by

Jason Loewenthal

Senior writer

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