+£250
Premier current account37 mins
NatWestPremier current account
£250 Free Cash•37 mins
£250 Free Cash
+£250What is NatWest?
NatWest Premier is a tier of current account aimed at higher earners. It's part of NatWest Group, who also own RBS and Ulster Bank. The Premier range gives you access to Premier-only savings rates and a dedicated relationship manager.
There are two Premier current accounts: Premier Select (free) and Premier Reward (£2/month, but earns up to £8/month net cashback if you set up two Direct Debits and use the app). This offer pays the same £250 for switching to either.
Launched
1968
Customers
20m+
Google Play
4.7 (488k)
★★★★★★
Key Terms
Profit
+£250
Credit checkHard check
Pay-in£5,000
Free cash£250
Free cash arrives40 days
Premier Eligibility: £100k+/yr salary paid in, OR £100k+ saved/invested with NatWest, OR a £500k+ NatWest mortgage.
Bonus Eligibility: No NatWest, RBS, or Ulster Bank current or savings account as of 10 March 2026. No previous switch bonus from any of these brands.
Step by Step Guide
Chris's overview
Optional·1 min read
NatWest's Premier switch is a high-earner offer. The headline is £250 for switching with a £5,000 pay-in. The real draw is the optional £750 you can earn if you can park £100k in their Flexible Saver for 30 days. Stack both and you’re looking at £1,000 total.
To qualify for Premier you need to meet one of: £100,000+ annual salary paid into the account, £100,000+ saved or invested with NatWest, or a £500,000+ NatWest mortgage. If you don’t meet that bar, NatWest’s standard switch (£200, no high-earner requirement) is the better call.
Pre-switch checklist
Optional·1 min check
Before starting a switch, check the existing current account you're switching from:
Plus:
1
Apply for a NatWest Premier account
15 mins
- Click the button below to apply for a Premier Select or Premier Reward account
- You’ll need to confirm you meet Premier eligibility (£100k+ income, savings, or mortgage)
- During application, request to switch your existing bank to NatWest using the Current Account Switch Service
2
Download the NatWest app and log in9d
5 mins
- Once your switch is complete (around 7 working days), download the NatWest mobile app
- Log in to your new Premier account
3
Pay in £5,0009d
5 mins
- Transfer £5,000 into your new Premier account within 60 days of the switch completing
- Can be a single transfer or multiple smaller payments
No Direct Debits or card transactions required for the £250 bonus.
4
Receive £250 free cash+30d
2 mins
- Your £250 will be paid within 30 days of meeting all conditions
5
Optional: earn an extra £750
10 mins
- Only do this step if you can park £100,000 for 30 days
- Open a NatWest Flexible Saver account from within the app
- Deposit £100,000 and keep it there for 30 consecutive days
- Both opening the saver and the £100k deposit must happen within 60 days of your switch completing
- You’ll receive £750 as interest within 30 days of meeting these conditions (taxable as interest income)
This is optional. The £250 switch bonus is not affected if you skip this step.
Offer Complete
Done? Tick off each step above to see your total.
NatWest Full Review
Completed the offer? Awesome! Here's our full review on why NatWest could work well for you going forward.
NatWest is one of the UK's largest high street banks, formed in 1968 from the merger of National Provincial Bank, Westminster Bank, and District Bank. Now the flagship brand of NatWest Group (which also owns RBS and Ulster Bank), they serve over 20 million customers across the UK. With around 520 branches, a highly rated mobile app, and both free and paid current account options, NatWest offers traditional banking with strong digital capabilities.
Is NatWest safe?
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.
Who is NatWest for?
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.
Top 5 NatWest Features
1
Large Branch Network
Around 520 branches across Great Britain for in-person banking
2
Highly Rated App
4.8 stars on iOS (1M+ ratings), 4.7 on Google Play with face/fingerprint login
3
Digital Regular Saver
7% AER for 12 months when you switch (up to £5,000, £150/month deposits)
4
Fee-Free Select Account
No monthly fee, no minimum pay-in — a straightforward everyday account
5
Reward Account Cashback
Earn up to £5/month back (£4 for direct debits + £1 for app login) for a £2/month fee
Pros and Cons
Pros
- ✓Large branch network for in-person support
- ✓Highly rated mobile app (4.8 iOS, 4.7 Android)
- ✓No-fee Select account with no minimum pay-in
- ✓7% regular saver for switchers (12 months, up to £5,000)
Cons
- ✗Hard credit check required when switching
- ✗No interest paid on current account balances
- ✗Reward account has a £2/month fee
Chris’s Verdict
NatWest is a solid, no-surprises bank switch. The £250 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).
