iFAST Global Bank vs NatWest: Switch Bonus Comparison
NatWest offers the better net value at £150 vs £100 after fees.
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- Switch salary/pension via Bacs Direct Credit (not CASS)
- Receive at least 1 payment between 1 Feb – 30 Apr 2026
- No need to close existing account
- 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 a Digital Regular Saver by 16 June 2026
- Cannot have held a NatWest current/savings account as of 17 Feb 2026
- 2.65% AER on GBP balances
- Multi-currency accounts (USD, EUR, HKD)
- Early salary access (1 business day before payday)
- 7% AER Digital Regular Saver (up to £150/month, for 12 months)
- Reward account pays £5/month cashback if conditions met
Verdict: iFAST Global Bank vs NatWest
NatWest offers the higher switch bonus at £150 vs £100.
iFAST Global Bank has fewer requirements (3 vs 6), making it simpler to qualify.
iFAST Global Bank comes with more perks (3 vs 2), including things like 2.65% aer on gbp balances.
Frequently Asked Questions
Which has the higher switch bonus, iFAST Global Bank or NatWest?
NatWest currently offers the higher bonus at £150, compared to £100 from the other bank.
Can I switch to both iFAST Global Bank 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 iFAST Global Bank 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, iFAST Global Bank 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.