NatWest review and offers

NatWest (National Westminster Bank Plc) is authorised by the Prudential Regulation Authority and regulated by both the FCA and PRA (FRN 121878). Your deposits are protected by the FSCS up to £120,000 per person. NatWest Group is one of the UK's largest banking groups with over 55 years of continuous operation. Note: NatWest and Ulster Bank share a banking licence, so FSCS cover is shared between them — RBS has a separate licence.

NatWest suits people who want the reassurance of a big high street bank with solid digital tools. With around 520 branches and a 4.8-rated app, you get the best of both worlds: in-branch support when you need it, and a capable app for day-to-day banking. The fee-free Select account works for anyone who just wants a straightforward current account, while the Reward account (£2/month) suits people who can earn back more than they pay through its cashback scheme.

NatWest is a solid, no-surprises bank switch. The £0 bonus has fewer hoops than most — no direct debits or card transactions required, just pay in £1,250 and log into the app. That makes it one of the more straightforward switches to complete. The 7% Digital Regular Saver is a genuine bonus on top if you want to park some savings. On the downside, there's a hard credit check, and the current accounts don't pay any interest on your balance. But as a switch-and-earn offer, it's clean and simple. If you already have a NatWest account, check if RBS works instead (separate brand, identical offer).