+£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 (519k)
★★★★★★
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
You are here15 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.
Quick NatWest Review
Completed the offer? Awesome! Here's our full review on why NatWest could work well for you going forward.
NatWest at a glance
Updated:
Switching banks for the cash? NatWest has two switch deals running on Quidsy right now, with the bigger one paying £250 free cash. Both have low-friction criteria. Just pay in £1,250 and log into the app, no direct debits or card targets. Check eligibility, you can't have had a NatWest current account recently.
Customers
20m
UK accounts
Founded
1968
58 years old
App Store
4.8 ★
1.1m reviews
Google Play
4.7 ★
519k reviews
NatWest is a solid, no-surprises bank switch. The standard £200 offer has fewer hoops than most, no direct debits, no card-transaction targets, just pay in £1,250 and log into the app. That makes it one of the more straightforward switches to complete.
If you bank with a Premier-eligible income, the £250 Premier switch is the higher path, though it asks for a £5,000 pay-in. 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. The 2021 AML fine is also worth knowing about, even though it doesn't change how your deposits are protected today. But as a switch-and-earn offer, NatWest is clean and simple. If you already have a NatWest account, check if RBS works instead, separate brand, identical switch offer mechanics.
National Westminster Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FRN 121878. Eligible deposits are protected by the FSCS up to £120,000 per person.