M&S Bank vs RBS: Switch Bonus Comparison
RBS offers the better net value at £200 vs £0 after fees.
- Full CASS switch required
- 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
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: M&S Bank vs RBS
RBS comes with more perks (2 vs 0), including things like £200 paid within 30 days.
Frequently Asked Questions
Which has the higher switch bonus, M&S Bank or RBS?
Currently only RBS has an active switch bonus. M&S Bank does not have an active offer at this time.
Can I switch to both M&S 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 M&S 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, M&S 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.