NatWest vs Santander: Switch Bonus Comparison
Santander offers the better net value at £200 vs £150 after fees.
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- Apply for Select or Reward account
- Full CASS switch by 28 May 2026 (complete by 16 June 2026)
- Deposit £1,250
- Log into mobile app
- Open a Digital Regular Saver by 16 June 2026
- Cannot have held a NatWest current/savings account as of 17 Feb 2026
- 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
- 7% AER Digital Regular Saver (up to £150/month, for 12 months)
- Reward account pays £5/month cashback if conditions met
Verdict: NatWest vs Santander
Santander offers the higher switch bonus at £200 vs £150.
Santander has fewer requirements (4 vs 6), making it simpler to qualify.
NatWest comes with more perks (2 vs 0), including things like 7% aer digital regular saver (up to £150/month, for 12 months).
Frequently Asked Questions
Which has the higher switch bonus, NatWest or Santander?
Santander currently offers the higher bonus at £200, compared to £150 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.