Current Accounts

NatWest launches £200 current account switcher offer

Record numbers of customers are switching to Natwest. The latest bank switching data from the Current Account Switcher Service revealed that almost 100k customers switched to NatWest between July and September last year.

Hot on the heels of the recent £175 Lloyds Bank switching offer, NatWest is now offering £200 to new and existing customers who switch their main current account to the bank.

To benefit from the offer, customers need to use the Current Account Switcher Service, pay £1,250 into the account and log into the mobile app within 60 days of switching accounts.

Customers can receive a further £60 back in Rewards each year by signing up to our Reward account. Every month customers can receive £4 back in Rewards for two Direct Debits and an additional £1 for logging into our mobile app. The Reward account has a monthly fee of £2. Customers can also benefit from our partner offers including 4% back at

Lewis Broadie, Customer Manager at NatWest said: “Record numbers of customers are switching to NatWest and we are pleased to offer a warm welcome with our latest £200 cash offer. As well as the upfront cash offer, we offer a wide range of features and benefits, from helping kids with their money through our Rooster offering to our save the change feature, Round Ups.”

NatWest customers benefit from Round Ups, which saves the change to the nearest pound every time a transaction is made. The NatWest Digital Regular Saver account also offers 6% and customers can save up to £150 every month.

NatWest’s Select account has no monthly fee and has the benefit of GetCash which enables customers to withdraw money from a cash machine without their bank card, using a passcode sent to their mobile phone.

NatWest also offers Know Your Credit Score, a free tool offering personalised hints and tips on how to improve your credit score.

A free children’s Rooster Card subscription, which is a prepaid debit card and pocket money app, is also available for up to three children per family, normally costing £1.99 per month or £19.99 per year.

Switching bank accounts is simple and can be done through the Current Account Switch Service. Payments, such as Direct Debits and Standing Orders are automatically transferred to the newly opened account within seven days.

An account can be opened online at or by downloading the NatWest mobile app.

Leave a Comment