Lloyds Premier vs NatWest Premier: Switch Bonus Comparison
NatWest Premier offers the better net value at £500 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 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
- 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
- £500 paid within 30 days of the 90-day check
- Premier Select: no monthly fee
Verdict: Lloyds Premier vs NatWest Premier
NatWest Premier 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.
Frequently Asked Questions
Which has the higher switch bonus, Lloyds Premier or NatWest Premier?
Currently only NatWest Premier 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 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 Lloyds Premier 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, Lloyds Premier 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.