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Offer review · Live
NatWest £200 switching offer 2026
No Direct Debits, no deadline and no fee on Select. Just a pay-in and an app login.
Updated 01 November 2026 · 7 min read
The short answer
£200 for a full switch, a £1,250 pay-in and an app login within 60 days.
It's one of the simplest offers live right now. It doesn't require any Direct Debits, and there's no end date.
Apply for a Select or Reward accountOnline or in the NatWest app.
Request a full CASS switchDo this during the application, from your existing bank.
Your switch completesThis normally takes 7 working days.
Pay in £1,250 and log in to the appBoth within 60 days. Your salary counts, and payments must stay in for 24 hours.
NatWest pays the bonusWithin 30 days of all the conditions being met.
No Direct Debits are needed for this bonus. NatWest mentions a £2 minimum for Direct Debits elsewhere on its site, but that only applies to the ongoing monthly cashback on the Reward account, which is separate from the one-off £200. The £200 is earned through the £1,250 pay-in and the app login alone.
Who can claim it?
You can claim if
You switch via CASS from another bank
You pay in £1,250 within 60 days
You log in to the NatWest app within 60 days
You didn't hold a NatWest current account on 6 May 2026
You can't claim if
You've had a cash switch incentive from NatWest, RBS or Ulster Bank before
You're switching from another NatWest Group bank
Select or Reward?
For most switchers the Select account is better. It has no monthly fee, so your £200 is all profit. Reward costs £2 a month but pays £4 a month cashback if you keep 2 or more Direct Debits of at least £2 each, plus £1 a month for logging in to the app. That's a net gain of £3 a month if you stay with NatWest and set those Direct Debits up. For a one-off switch and bonus, Select is simpler.
If you're a BeSwitchReady member
This offer doesn't need any Direct Debits, just the £1,250 pay-in and the app login. Your BeSwitchReady Direct Debits still move across in a CASS switch, so you're ready the moment a Direct Debit offer comes along.
Is it worth it?
Yes. £200 with no monthly fee on Select, no deadline pressure and no Direct Debit requirement makes it one of the simplest offers around. You only need to hit a pay-in figure and log in to the app, compared with HSBC's £2,000 pay-in plus £500 of card spend.
Stay ahead
Hear about deadlines first
Members get new offers, boosts and ending dates by email, so you can plan the order without watching the news yourself.
Two Direct Debits£0.99 each, £1.98 a month in total.
Offer alerts firstNew offers, boosts and ending dates, by email.
Your best next switchA monthly pick, with the order to do things in.
Cancel any timeThrough your bank, no minimum term.
How soon can I switch again after receiving my NatWest bonus?
You can start a new switch as soon as your CASS switch completes, but it's sensible to wait until the £200 has landed. Some banks require your account to still be open when they pay the bonus. Once the bonus arrives, typically within 30 days of meeting the conditions, you're free to switch to your next target.
Does switching banks affect my credit score?
Each account application involves a credit search, which temporarily affects your score. For most people doing 3 to 4 switches a year, the impact is small and short-term. If you plan to apply for a mortgage or remortgage in the next 3 to 6 months, it's worth pausing your switching.
Can I switch to NatWest if I've already switched to RBS or Ulster Bank?
No. NatWest, Royal Bank of Scotland and Ulster Bank are all part of NatWest Group. If you've ever received a cash switching bonus from any of the three, you won't qualify.
Claim the NatWest £200 offer
No deadline, no monthly fee on Select, no Direct Debits required.
This is general information, not financial advice. Always check current terms at natwest.com before applying, as bonus amounts and eligibility criteria may change. Links to NatWest on this page may earn BeSwitchReady a commission. BeSwitchReady is a paid membership service that sets up Direct Debits.