NatWest
£200 Free Cash
Current account£200profit
27mins to complete
Offer overviewChris · Your personal guide
NatWest is a UK high street bank offering current accounts, savings, mortgages and business banking.
£200 to switch, and this is about as easy as they get: pay in £1,250, download the app and log in. No Direct Debits, no card transactions. RBS and Ulster Bank sit in the same group, so you can only take one bonus across the three.
You also get access to the Digital Regular Saver, paying 5.25% AER on balances up to £5,000, capped at £150 a month. That is worth keeping once the free cash has landed.
Key terms
+£200
Credit checkHard check
Pay-in£1,250
Multiple transfers allowed (e.g. 5 x £250)
Free cash arrives40 days
Eligibility
- Does not qualify:NatWest current or savings account as of 6 May 2026
- Does not qualify:Switch from RBS or Ulster Bank NI
- Does not qualify:Previous NatWest Group switch bonus
Step by Step Guide
Pre-switch checklist
Optional·1 min check
Before starting a switch, check the existing current account you're switching from:
Plus:
Start here
Apply for a NatWest current account
15 mins
Up next · 3 steps
Download the NatWest app and log in
Switch takes 9 days5 mins
Pay in £1,250
Switch takes 9 days5 mins
Receive £200 free cash
Within 1 month2 mins
4 steps to £200
Quick review
NatWest
Wondering whether NatWest is worth it beyond the bonus? Here is our honest take.
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.
CategoryBank Switching
Last updated
Chris' verdictYour personal guide, QuidsyNatWest 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.