Co-op Bank vs RBS: Switch Bonus Comparison
RBS offers the better net value at £150 vs £75 after fees.
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- 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
- Apply for Select or Reward account
- Full CASS switch by 28 May 2026 (complete by 16 June 2026)
- Deposit £1,250
- Log into mobile app
- Open Digital Regular Saver by 16 June 2026
- Cannot have held an RBS current/savings account as of 17 Feb 2026
- £100 upfront + £25/month for 3 months (£175 total)
- 7% AER Regular Saver (up to £250/month)
- Ethical banking
- 5.5% AER Digital Regular Saver (on up to £5,000)
- Reward account pays £5/month cashback if conditions met
Verdict: Co-op Bank vs RBS
RBS offers the higher switch bonus at £150 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 £150, 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.