Nationwide vs RBS: Switch Bonus Comparison
RBS offers the better net value at £200 vs £175 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
- 5% AER on up to £1,500 for 12 months (FlexDirect)
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: Nationwide vs RBS
RBS offers the higher switch bonus at £200 vs £175.
Nationwide has fewer requirements (1 vs 6), making it simpler to qualify.
RBS comes with more perks (2 vs 1), including things like £200 paid within 30 days.
Nationwide has the better regular saver rate at 6.5% vs 5%.
Frequently Asked Questions
Which has the higher switch bonus, Nationwide or RBS?
RBS currently offers the higher bonus at £200, compared to £175 from the other bank.
Can I switch to both Nationwide 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 Nationwide and RBS?
The cooling-off periods are: Nationwide: 12 months, RBS: 36 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, Nationwide 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.