Co-op Bank vs NatWest Premier: Switch Bonus Comparison
NatWest Premier offers the better net value at £500 vs £200 after fees.
- Request full CASS switch within 2 weeks of opening
- Complete switch within 8 weeks
- Deposit £1,000+ within 30 days
- 2 active direct debits
- For monthly bonuses: £1,000/month deposit, 2 DDs, 10+ card transactions
- Cannot have received Co-op switch incentive since 1 Nov 2022
- Open a Premier Select or Premier Reward account and complete a full CASS switch
- Pay in £15,000+ within 90 days
- Log in to the NatWest mobile app
- Eligibility: £100k+ sole income (£120k joint), or £100k+ savings/investments with NatWest, or a £500k+ NatWest mortgage
- No previous NatWest Group switch bonus
- £100 upfront + £25/month for 3 months (£175 total)
- 7% AER Regular Saver (up to £250/month)
- Ethical banking
- £500 paid within 30 days of the 90-day check
- Premier Select: no monthly fee
Verdict: Co-op Bank vs NatWest Premier
NatWest Premier offers the higher switch bonus at £500 vs £200.
NatWest Premier has fewer requirements (5 vs 6), making it simpler to qualify.
Co-op Bank comes with more perks (3 vs 2), including things like £100 upfront + £25/month for 3 months (£175 total).
Co-op Bank has no income requirement, while NatWest Premier requires £100,000/yr.
Frequently Asked Questions
Which has the higher switch bonus, Co-op Bank or NatWest Premier?
NatWest Premier currently offers the higher bonus at £500, compared to £200 from the other bank.
Can I switch to both Co-op Bank and NatWest Premier?
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 Co-op Bank and NatWest Premier?
Cooling-off period data is not currently available for these banks. Check the individual bank pages for the latest information.
Which bank is easier to switch to, Co-op Bank or NatWest Premier?
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.