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NatWest Launches £200 Switch Bonus for Select and Reward Accounts

The richer payout signals banks using cash rewards to win switchers through the UK’s seven‑day transfer scheme.

Overview

  • NatWest, which began the offer on Wednesday, will pay £200 within 30 days after you complete the required steps.
  • The deal applies when you open a Select or Reward account and switch from another bank using the Current Account Switch Service.
  • Within 60 days you must pay in at least £1,250, let it stay in the account for 24 hours, and log into the NatWest mobile app.
  • RBS is running the same £200 terms for its Select and Reward accounts, and neither bank has set an end date.
  • The Reward account has a £2 monthly fee, though monthly rewards can offset it, and eligibility excludes people who held a NatWest current account on May 6 or who previously took a NatWest, RBS or Ulster Bank switch bonus.