Royal Bank of Scotland
£200 Free Cash
Current account£200profit
27mins to complete
Offer overviewChris · Your personal guide
You get:
£200 free cash. This is credited within 30 days of your switch and meeting the criteria.
To qualify:
Switch in any current account, with no direct debits needed. Once switched, within 60 days:
Pay in £1,250 and leave it there for 24 hours
Log in to the mobile app
Key terms
+£200
Credit checkHard check
Pay-in£1,250
Multiple transfers allowed
Free cash arrives30 days
Once criteria met
Eligibility
- Does not qualify:RBS current account as of 6 May 2026
- Does not qualify:Switch from NatWest or Ulster Bank
- Does not qualify:Previous NatWest Group switch bonus
Last checked: 19 Sept 2026Full terms(opens in a new tab)
Step by Step Guide
Start here
Apply for an RBS current account
15 mins
- 1Click the button below to apply for an RBS Select or Reward account
- 2During application, request to switch your existing bank using the Current Account Switch Service
The account you switch from must not be with NatWest or Ulster Bank. Your old account is closed as part of the switch.
The switch takes 7 working days. This involves a hard credit check which will show on your credit file.
Up next · 3 steps
Download the RBS app and log in
Switch takes 9 days5 mins
- 1Download the RBS mobile banking app
- 2Log in to your new account
Pay in £1,250
Switch takes 9 days5 mins
- Transfer £1,250 into your new account
The money must stay in the account for at least 24 hours. Funds moved across by the switch count towards the £1,250.
Don't have it all up front? Pay in £250 from another bank, leave it 24 hours, then move it back out and repeat. 5 rounds of the same £250 counts as the full £1,250.
That's it. No Direct Debits or card transactions required.
Receive £200 free cash
Within 1 month2 mins
- Your £200 will be paid within 30 days of meeting all conditions
Consider opening the Digital Regular Saver for 5.25% AER (up to £5,000, £150 a month)
4 steps to £200
Quick review
Royal Bank of Scotland
Wondering whether Royal Bank of Scotland is worth it beyond the bonus? Here is our honest take.
CategoryBank Switching
Last updated
Chris' verdictYour personal guide, QuidsyA clean, low-effort £200. Pay in £1,250, log into the app once, and you are done. No Direct Debits to move, no card spending to remember, no minimum monthly deposit to keep hitting.
The only real decision is which NatWest Group brand you spend your single bonus on. Since NatWest and RBS both pay £200 on identical terms right now, pick the one you would rather bank with day to day and take the £200 there.
