NatWest Premier vs Santander: Switch Bonus Comparison
NatWest Premier offers the better net value at £500 vs £0 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
- Full CASS switch
- Pay in £1,500 within 60 days
- 2 active household direct debits within 60 days
- Cannot have held a Santander current account on 1 Jan 2025
- £500 paid within 30 days of the 90-day check
- Premier Select: no monthly fee
Verdict: NatWest Premier vs Santander
NatWest Premier comes with more perks (2 vs 0), including things like £500 paid within 30 days of the 90-day check.
Santander has no income requirement, while NatWest Premier requires £100,000/yr.
Frequently Asked Questions
Which has the higher switch bonus, NatWest Premier or Santander?
Currently only NatWest Premier has an active switch bonus. Santander does not have an active offer at this time.
Can I switch to both NatWest Premier and Santander?
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 Santander?
The cooling-off periods are: Santander: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, NatWest Premier or Santander?
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.