Get £125 when you switch to us and another £50 when you're still with us a year later
Our switching offer is available to new and existing customers who are residents in the UK.
You'll also need to:
Use the Current Account Switch Service to close your current account held elsewhere and switch to an eligible account with us before 7th June 2019.
Pay in at least £1500 into your eligible account and log in to online or mobile banking by 12 July 2019. We'll pay you £125 by the 9th August 2019.
Use your debit card linked to your eligible account at least once a month and we'll pay you another £50 by 30th June 2020.
We're sorry but if you've had cashback for switching to NatWest (or Royal Bank of Scotland) since October 2017 you won't be able to get it again.
This offer can be withdrawn at any time.
Switching to Premier banking is easy
We move everything across from your old bank account to your new NatWest Premier current account, including Direct Debits, standing orders etc, within 7 working days. You'll barely need to lift a finger.
It's completely free and backed by an industry-wide guarantee to ensure the move goes smoothly. We do this using the Current Account Switch Service.
We can help you switch bank ccounts within your application - to start just pick the account that's right for you.
What to expect if you decide to switch
Common questions about switching
During your application, you'll need to tell us the account number, sort code and debit card number of the bank account you want to switch to NatWest. We then offer the following guarantee:
We’ll move all your existing payments going out (like standing orders and Direct Debits) and those coming in (like your salary), to your new account.
If your old account has an overdraft, we can move this across, subject to your individual circumstances. We will advise you whether we will be able to offer you an overdraft before progressing the switch application.
If you have any money in your old account, we’ll move it across to your new account too.
On the switch date, we’ll close your old account.
We’ll make sure any payments accidentally made to your old account after the switch date are redirected to your new account. We’ll also contact the sender and give them your new account details.
During your application you can switch one current account from another provider to Natwest, and the account must be solely in your name. If you’d like to switch more than one sole account, you can do this once your new account is open. You can’t switch a joint account into a sole account.
Before we start the switch, we’ll check that your old account is able to be switched using the Current Account Switch Service – 99% of UK current accounts are eligible to use the service. If your current account isn’t eligible, we can still organise the switch for you. It’ll just take a little longer.
Yes, we’ll automatically close your old account as part of the 7 day switching process.
This happens so that any payments made to your old account will be automatically redirected to your new one.
If your old account is overdrawn and the overdrawn amount is not paid off by the day the switch completes, we won’t be able to close the account but it will become inactive.
Yes – you can still use your old account right up to and including Day 6. This includes using your cards, online banking and mobile banking.
Don’t set up any new payments on your old account though, as we won’t be able to transfer those across.
To cancel your switch completely, you need to let us know at least 7 working days before your switch date.
After that, only certain elements can be cancelled depending how far through the process we are. We’d guide you through the process though if you choose to do this.
We may be able to provide facilities to help you pay off any overdraft, subject to our normal lending criteria. If an arranged overdraft limit is agreed, this may not match that offered by your old bank. If this isn’t the case you must make separate arrangements to repay your old bank or building society what you owe.
Please be aware that if your old bank do receive any future credits, they may keep these to offset what you still owe them.
The £1,500 can be paid into your account as one payment or multiple smaller payments, but the total amount must be at least £1,500 before 12th July 2019. We'll then pay £125 in to your account by the 9th August 2019.
The remaining £50 will then be paid in by 30th June 2020 as long as you have used your debit card for the account at least once a month.
Yes, the offer is available to new and existing customers and join Premier Banking.
To be eligible you either need to switch in to your existing NatWest account or you can open a new account with us.
You'll need to use the Current Account Switch Service to close your account held elsewhere and switch to your NatWest Premier account.