Co-op Bank vs RBS: Switch Bonus Comparison
RBS offers the better net value at £200 vs £75 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 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 RBS mobile app
- No RBS current account held on 6 May 2026
- No previous NatWest Group switch bonus
- Can't switch from a NatWest or Ulster Bank account
- £100 upfront + £25/month for 3 months (£175 total)
- 7% AER Regular Saver (up to £250/month)
- Ethical banking
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: Co-op Bank vs RBS
RBS offers the higher switch bonus at £200 vs £75.
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 the better regular saver rate at 7% vs 5%.
Frequently Asked Questions
Which has the higher switch bonus, Co-op Bank or RBS?
RBS currently offers the higher bonus at £200, compared to £75 from the other bank.
Can I switch to both Co-op Bank and RBS?
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 RBS?
The cooling-off periods are: RBS: 36 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, Co-op Bank or RBS?
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.