NatWest bank switch offer: get £200 or £250 for Premier Bank account

You can earn £200 for switching to NatWest, or £250 if you’re a higher earner

NatWest is offering £200 if you switch to one of its current accounts, and £250 for switching to its Premier account. Plus, it’s offering a boosted rate for savings. And there’s also the opportunity to get another £36 via linked rewards.

Here’s how the offer works and who can get it.

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How much can you get for switching to NatWest?

There are two NatWest deals at the moment. The first offers a fixed £200 for switching, up from £150 from the offer that just ended. If you go for a Premier account, you can get £250 for switching.

Who can get the NatWest switching offer?

New and previous NatWest customers can take advantage. You can only get the money with one of these accounts for the £200 offer:

• Select
• Reward

You cannot take advantage if you had a NatWest current account on 6 May 2026.

For the Premier account switch, you can only go with the Premier Reward account. You can’t have previously received a switch offer and did not hold a NatWest current account or savings account as of 10 March 2026.

With both accounts, you can only get one switching bonus per person, regardless of whether you have more than one solo or any extra joint accounts. Joint accounts are eligible for the offer.

What if you’ve previously had switching cash from NatWest group banks?

You won’t get the money if you’ve had any cash EVER from switching to any bank in the NatWest Group, which consists of RBS, Ulster Bank or NatWest. Previously, the cut-off date was 2020, but now it’s at any time.

It’s worth noting that in 2023 many readers reported in our Facebook group that they were able to get an offer from each bank in the group, despite the terms saying it wasn’t possible.

What are the requirements for the NatWest switching offer?

Select or Reward: £200 switching bonus

To get the £200 you need to:

• Open one of the accounts listed above after 6 May 2026
• Start a full switch via the Current Account Switch Service via the NatWest website or app
• Switch from a non-NatWest group bank
• Pay in £1,250 within 60 days of switching the account
• Log in to mobile or app banking within 60 days of switching the account
• Keep the account open until you’ve had the switching cash

That £1,250 deposit doesn’t need to be in one go, so you can add money across the qualifying period. It can even be the same smaller amount added and then withdrawn, so you can add it again. However, each single deposit (rather than the total £1,250) needs to be in the account for 24 hours.

The account switch can’t be from Ulster or RBS, or another NatWest account.

Note, the wording says that the 60 days begins when the switch completes.

Premier Reward: £250 switching bonus

You need to be eligible for the account, which we’ve detailed below.

To get the £250 you need to:

• Open a Premier Reward account
• Start a full switch via the Current Account Switch Service via the NatWest website or app
• Switch from a non-NatWest group bank
• Pay in £5,000 within 60 days of switching the account
• Log in to mobile or app banking within 60 days of switching the account
• Keep the account open until you’ve had the switching cash

That £5,000 deposit doesn’t need to be in one go, so you can add money across the qualifying period. It can even be the same smaller amount added and then withdrawn, so you can add it again. However, each single deposit (rather than the total) needs to be in the account for 24 hours.

Once again, the account switch can’t be from Ulster or RBS, or another NatWest account.

When will the money be paid?

The bonus will be paid to your account within 30 calendar days of meeting the above criteria.

The boosted interest is added to the digital regular saver every month.

When will the offer end?

Neither switch offer has an end date at the moment.

Select or Reward: £200 switch offer

NatWest £200 switch offer

Customer rating 4.7/5

• Switch bonus

  £200
• Offer ends

  Unknown
• Extra perks

  Up to £36 rewards a year

• FSCS Protected? Yes
• Restrictions Offer is limited to once per person, cannot have ever received a switching bonus from RBS, Ulster or Natwest and cannot have had a current account on 6 May 2026
• Bonus requirements Switch using the Current Account Switch Service, close your old account and log on to online or app banking within 60 days of switching
• Eligibility —
• Deposit requirements Pay in £1,250 within 60 days of switching
• Direct debits transferred over —
• Existing customers? No
• Income requirements —
• Eligible accounts Reward, Select or Premier Reward, Premier Select
• Account features —
• Account fees —
• Customer service —
• Exclusive savings —
• Extra cashback —
• Bonus paid Within 30 days of meeting criteria
• Cashback requirements —
• Extra bonus —
• Extra bonus requirements —

Premier: £250 switch offer

NatWest £250 switch offer

Customer rating 4.7/5

• Switch bonus

  £250
• Offer ends

  Unknown
• Extra perk

  £500 interest free overdraft

• FSCS Protected? Yes
• Restrictions —
• Bonus requirements Apply for a Premier account and request to switch an account with another bank to us using the Current Account Switch Service
• Eligibility To be eligible for the account you need to have a minimum of £100k sole income or £120k joint income paid into your NatWest account, minimum of £100k savings or investments held with NatWest or a minimum £500k mortgage with NatWest
• Deposit requirements You need to deposit £5,000 within 60 days of opening the account and log into the mobile app
• Direct debits transferred over —
• Existing customers? You can't have received a switch offer before and can't have held a NatWest current account or savings account as of 10 March 2026
• Income requirements —
• Eligible accounts —
• Account features —
• Account fees —
• Customer service —
• Exclusive savings —
• Extra cashback —
• Cashback requirements —
• Extra bonus —
• Extra bonus requirements —

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Which NatWest account should I choose?

Between the two reward accounts, most people are best off going for the standard Reward account. If you’ve got a couple of spare Direct Debits, adding them to the Reward account will earn you £4 a month. You’ll get another £1 for using your NatWest app each month. Deduct the £2 a month fee and you’ll make a profit of £3 a month, or £36 a year. It’s not the highest-paying account out there, but it’s worth nabbing if you are going to use NatWest.

Bear in mind that the monthly reward is paid to a separate Reward Wallet, so you’ll need to log in and withdraw it each month.

NatWest Reward account:

What customers think

Natwest Reward customers score the Reward account 4.77 out of 5 and the Select Account 4.54 out of 5. You can read more about what they like and what they don’t on our sister site Smart Money People.

Is it worth switching to Natwest?

Zoe’s analysis

You’ll be ruled out from this offer if you got the cash for any switch offers in the past, but if you’re eligible, you should certainly consider it. If you’re eligible for the Premier account, it’s worth going for the higher switch offer, but there are actually higher offers available.

Not only can you get the free switching cash, but you’ll get £36 a year with the Reward account. You’ll also have access to a higher rate on the Digital Regular Saver.

It’s also good to see the stricter switch and stay conditions from a few years ago are gone, making it a very easy offer to nab – and then potentially move on from with another switch.

Are there better switching offers?

If you’re a repeat bank switcher then you might only be able to pick one or two options, but for complete newbies, you’ve got a few choices.

Here’s everything you need to know about all these different bank switching deals.

The best bank switch bonuses

Check out our list of all the bank switch offers you can get when opening a new current account