NatWest switching offer 2026 — full guide

NatWest's current switching offer is one of the strongest ongoing deals in the UK right now — up to £250 with no deadline pressure. Here's everything you need to know.

What's the NatWest switching offer?

• Bonus: Up to £250 cash
• Account: Select or Reward current account
• Monthly fee: None on Select; Reward has a small fee
• Offer deadline: Ongoing — no current end date

Am I eligible?

You qualify if:

• ✅ You switch via CASS
• ✅ You have two active Direct Debits
• ✅ You have not held a NatWest current account as of 6 May 2026
• ✅ You meet the minimum monthly pay-in requirement (£1,250/month)

Note: NatWest and Royal Bank of Scotland (RBS) are in the same banking group. If you hold or have recently held an RBS account, you may also be ineligible — check the current terms.

How to claim the NatWest bonus step by step

1. Apply for a NatWest Select or Reward account via the NatWest app or website
2. During the application, request a full CASS switch from your existing bank
3. Your switch completes in 7 working days — your Direct Debits transfer automatically
4. Deposit at least £1,250 within 30 days of your switch completing (your salary counts)
5. Bonus is paid within 30 days of conditions being met

Select vs Reward account — which should you choose?

For pure bonus value, the Select account is the better choice — it has no monthly fee, so your net bonus is higher. The Reward account charges a monthly fee in exchange for cashback on household bills — it's worth it if you'd use the cashback features, but reduces your net switching bonus otherwise.

Is the NatWest offer worth it?

Yes — up to £250 with no monthly fee and no deadline makes this one of the best-value switching offers currently available. It's a particularly good second or third switch for serial switchers who've already claimed from HSBC or First Direct.

Affiliate disclosure: Links to NatWest on this page may earn BeSwitchReady a commission. Always verify current terms at natwest.com before applying. Bonus amounts and eligibility criteria may change.