+£200
Current account27 mins
NatWestCurrent account
£200 Free Cash•27 mins
£200 Free Cash
+£200What is NatWest?
NatWest is one of the UK's biggest high street banks, part of NatWest Group (which also owns RBS). They serve millions of personal and business customers across the UK.
You can only do one of these offers. For simplicity, this guide is written assuming you sign up to NatWest. If you'd prefer RBS, the process is identical — just head to rbs.co.uk/current-accounts instead.
Launched
1968
Customers
20m+
Google Play
4.7 (519k)
★★★★★★
Key Terms
Profit
+£200
Credit checkHard check
Pay-in
£1,250
Multiple transfers allowed (e.g. 5 x £250)
Free cash£200
Free cash arrives40 days
Eligibility: No NatWest current or savings account as of 6 May 2026. Can’t switch from RBS or Ulster Bank NI. No previous NatWest Group switch bonus.
Step by Step Guide
Chris's overview
Optional·1 min read
NatWest and RBS (same banking group) are both offering £200 to switch — the terms are identical. Pay in £1,250, download the app and log in, and your £200 arrives within 30 days. No direct debits or card transactions needed, which makes this one of the more straightforward bank switches.
You'll also get access to a Digital Regular Saver paying 7% AER for 12 months (up to £5,000).
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 current account
You are here15 mins
- Click the button below to apply for a NatWest Select or Reward account
- Prefer RBS? Apply directly at rbs.co.uk/current-accounts instead
- During application, request to switch your existing bank
2
Download the NatWest app and log in9d
5 mins
- Download the NatWest (or RBS) mobile app
- Log in to your new account
3
Pay in £1,2509d
5 mins
- Transfer £1,250 into your new account
- The money must stay in the account for at least 24 hours
That’s it — no direct debits or card transactions required.
4
Receive £200 free cash+30d
2 mins
- Your £200 will be paid within 30 days of meeting all conditions
- Consider opening the Digital Regular Saver for 7% AER (12 months, up to £5,000)
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.