NatWest vs Santander: Switch Bonus Comparison
NatWest offers the better net value at £250 vs £180 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
- 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
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: NatWest vs Santander
NatWest offers the higher switch bonus at £250 vs £180.
Santander has fewer requirements (4 vs 6), making it simpler to qualify.
NatWest comes with more perks (2 vs 0), including things like £200 paid within 30 days.
NatWest has the better regular saver rate at 7% vs 5%.
Frequently Asked Questions
Which has the higher switch bonus, NatWest or Santander?
NatWest currently offers the higher bonus at £250, compared to £180 from the other bank.
Can I switch to both NatWest 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 and Santander?
The cooling-off periods are: NatWest: 36 months, Santander: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, NatWest 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.