Bank of Scotland vs NatWest: Switch Bonus Comparison
NatWest offers the better net value at £250 vs £0 after fees.
- Open a Classic, Silver or Platinum account
- Full CASS switch from another bank (not Lloyds or Halifax)
- Transfer at least 3 active direct debits
- Open account and start switch by 4 Aug 2026
- No pay-in requirement
- No Lloyds/Halifax/BoS switch bonus since 1 Jan 2023
- Open a Select or Reward account and complete a full CASS switch
- Pay in £1,250+ within 60 days (can be split; must stay 24 hours)
- Log in to the NatWest mobile app
- No NatWest current account held on 6 May 2026
- No previous NatWest Group switch bonus
- Can't switch from an RBS or Ulster Bank account
- £175 paid ~14 working days after switch starts
- Classic account is fee-free
- Up to 15% cashback offers with debit card
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: Bank of Scotland vs NatWest
Bank of Scotland comes with more perks (3 vs 2), including things like £175 paid ~14 working days after switch starts.
Frequently Asked Questions
Which has the higher switch bonus, Bank of Scotland or NatWest?
Currently only NatWest has an active switch bonus. Bank of Scotland does not have an active offer at this time.
Can I switch to both Bank of Scotland and NatWest?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for Bank of Scotland and NatWest?
The cooling-off periods are: NatWest: 36 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, Bank of Scotland or NatWest?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.