NatWest Premier vs RBS: Switch Bonus Comparison
NatWest Premier offers the better net value at £500 vs £200 after fees.
- 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
- 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
- £500 paid within 30 days of the 90-day check
- Premier Select: no monthly fee
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: NatWest Premier vs RBS
NatWest Premier offers the higher switch bonus at £500 vs £200.
NatWest Premier has fewer requirements (5 vs 6), making it simpler to qualify.
RBS has no income requirement, while NatWest Premier requires £100,000/yr.
Frequently Asked Questions
Which has the higher switch bonus, NatWest Premier or RBS?
NatWest Premier currently offers the higher bonus at £500, compared to £200 from the other bank.
Can I switch to both NatWest Premier 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 NatWest Premier 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, NatWest Premier 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.