Lloyds Premier vs NatWest: Switch Bonus Comparison
NatWest offers the better net value at £250 vs £0 after fees.
- Pay in £5,000/month (or hold £100k+ in Lloyds savings/investments)
- Full CASS switch with 3 active direct debits
- Spend £200 on debit card within 35 days
- Account opened on or after 24 Feb 2026
- 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
- Bupa Family GP & Wellbeing subscription
- 1% debit card cashback (up to £10/month)
- Disney+ Standard with Ads (or cinema tickets/lifestyle benefit)
- 0.2% mortgage discount
- 6.25% Regular Saver
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: Lloyds Premier vs NatWest
NatWest has no monthly fee, while the other charges £15/month.
Lloyds Premier comes with more perks (5 vs 2), including things like bupa family gp & wellbeing subscription.
NatWest has no income requirement, while Lloyds Premier requires £60,000/yr.
Frequently Asked Questions
Which has the higher switch bonus, Lloyds Premier or NatWest?
Currently only NatWest has an active switch bonus. Lloyds Premier does not have an active offer at this time.
Can I switch to both Lloyds Premier 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 Lloyds Premier 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, Lloyds Premier 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.