NatWest is offering £200 to switch your current account — one of the strongest ongoing deals available right now, with no hard deadline and refreshingly simple conditions. Unlike most switching bonuses, it doesn't require any Direct Debits at all — just a pay-in and an app login.
£200 bonus. £1,250 pay-in and app login within 60 days — no Direct Debit requirement. No deadline. No fee on Select.
No Direct Debits required for this bonus. NatWest does mention a £2 minimum for Direct Debits elsewhere on its site — but that only applies to the ongoing monthly cashback on the Reward account (£4/month for 2+ DDs of at least £2 each), which is separate from the one-off £200 switching bonus. The £200 bonus itself is earned purely through the £1,250 pay-in and app login — you don't need to set up or transfer any Direct Debits to qualify.
For most switchers, the Select account is the better choice — no monthly fee, so your £200 is entirely net profit. The Reward account charges £2/month but pays £4/month cashback if you maintain 2+ Direct Debits of £2 or more, plus £1/month for app login — a net gain of £3/month if you stay with NatWest long-term and choose to set Direct Debits up for that ongoing perk. For a one-time switch and bonus, Select is simpler and costs nothing.
Yes — £200 with no monthly fee, no deadline pressure, and no Direct Debit requirement makes this one of the simplest switching offers currently available. It's our top pick for ease given you only need to hit a pay-in figure and log into the app, compared to HSBC's £2,000 pay-in plus £500 card spend.
You can technically start a new switch as soon as your CASS switch completes — but the sensible approach is to wait until your £200 bonus has actually landed in your account first. Some banks require your account to still be open when they pay the bonus, so switching away too early risks losing it. Once the bonus lands (typically within 30 days of meeting conditions), you're free to switch to your next target immediately.
Each bank account application involves a credit search, which temporarily affects your credit score. For most people doing 3–4 switches a year this is a minor, short-term impact. However, if you're planning to apply for a mortgage or remortgage within the next 3–6 months, it's worth pausing your switching activity — multiple credit searches in a short period can concern mortgage lenders. The general guidance is to stop switching at least 3–6 months before any significant mortgage application.
No — NatWest, Royal Bank of Scotland, and Ulster Bank are all part of the same NatWest Group. If you've ever received a cash switching bonus from any of the three, you won't qualify for the NatWest £200 offer.
Once your bonus lands: make it work harder. See our guide to what to do with your switching bonus — from investing platforms to travel cards, we've rounded up the best options for your extra cash.
This particular offer doesn't require any Direct Debits to qualify — just the £1,250 pay-in and an app login. But your BeSwitchReady CASS switch still transfers your existing Direct Debits automatically, and having them in place means you're ready the moment a Direct-Debit-based offer comes along.
Not yet a member? Two Direct Debits, £1.98/month total (£0.99 each) — set up once, ready for every offer that does require them.
Join BeSwitchReady →No deadline, no monthly fee on Select, no Direct Debits required.
Apply for NatWest →Always verify current terms at natwest.com before applying. Bonus amounts and eligibility criteria may change.