NatWest vs NatWest Premier: Switch Bonus Comparison
NatWest Premier offers the better net value at £500 vs £200 after fees.
- 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 NatWest mobile app
- No NatWest current account held on 6 May 2026
- No previous NatWest Group switch bonus
- Can't switch from an RBS or Ulster Bank account
- 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
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
- £500 paid within 30 days of the 90-day check
- Premier Select: no monthly fee
Verdict: NatWest vs NatWest Premier
NatWest Premier offers the higher switch bonus at £500 vs £200.
NatWest Premier has fewer requirements (5 vs 6), making it simpler to qualify.
NatWest has no income requirement, while NatWest Premier requires £100,000/yr.
Frequently Asked Questions
Which has the higher switch bonus, NatWest or NatWest Premier?
NatWest Premier currently offers the higher bonus at £500, compared to £200 from the other bank.
Can I switch to both NatWest 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 NatWest and NatWest Premier?
The cooling-off periods are: NatWest: 36 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, NatWest 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.