NatWest / RBS £200 switch offer (06/05/2026 to TBC)

danny13579

Launched today. £200 switch offer.

NatWest offer

RBS offer

1: Open a new Select or Reward account from 6th May 2026.

2: Complete a full switch using the Current Account Switch Service.

3: Pay in £1,250 (all together or in smaller amounts) within 60 days of switch completing. This must remain in the account for at least 24 hours.

4: Log in to the mobile app within 60 days of switch completing.

£200 bonus is paid within 30 days of fulfilling all of the above conditions.

You must never have received a switch bonus from the NatWest group (NatWest, RBS, Ulster) before.

Previous holders of a NatWest (or RBS) current account are eligible provided they don't hold a NatWest (or RBS) current account as of 6th May 2026, and meet the above requirements.

T&Cs (NatWest), T&Cs (RBS). They're the same for both.

For future reference, both offers have now been added to the switching offers archive.

*** Important: The terms require that you wait until your switch has completed before moving your cash across (you then have 60 days to do this). Any cash moved across before your switch completion date will not be counted towards the £1,250.

superM

I opened an account last week so does that mean I am not eligible for the offer?

danny13579

https://forums.moneysavingexpert.com/discussion/comment/81989011#Comment_81989011

If you already hold a NatWest current account on 6th May then you are not eligible for the NatWest offer.

If you already hold an RBS current account on 6th May then you are not eligible for the RBS offer.

superleeds27

Will wait for the Barclays £200 to be done and sorted, then look at moving from there to one of these.

Thanks for posting!

Edit: Or maybe not. Depends on when the Barclays clears and credits. Urgh

superM

https://forums.moneysavingexpert.com/discussion/comment/81989049#Comment_81989049

I have RBS account so I can open NatWest for the incentive.

danny13579

superM

I have RBS account so I can open NatWest for the incentive.

If you have not received a switching incentive from NatWest in the past and didn't have a current account already open with NatWest on 6th May.

AltruisticPie1544

Nice that this one doesn't require any ditect debits. Thanks for posting!

scoot65

Thanks for the heads up. I've initiated a switch from a spare TSB account I had to RBS. The selfie ID was problematic as the web page wouldn't allow me to take a photo on two diferent laptops. I had to use the mobile phone link they have on the ID web page to get it done…… which was quite easy in the end.

Tony5896

does it matter if the money is paid in before the switch is completed? Or do you need the switch to be done first ?

danny13579

https://forums.moneysavingexpert.com/discussion/comment/81992966#Comment_81992966

You need to wait for the switch to complete before moving your money across.

superM

I am correct in saying there is no requirement to have Direct debits. It’s just full switch and pay in £1250. Thanks