Get £175 when you switch and stay with NatWest [Pay in at least £1,500]
2158°Expired

Get £175 when you switch and stay with NatWest [Pay in at least £1,500]

325
Refreshed 14th May (Posted 8th Apr)Edited by:"Cunning-Stunts"
  • Everyday bank account - Select
  • A simple bank account for your day-to-day banking
  • £175 when you switch and stay
  • Easy to use mobile banking app
  • Contactless Visa Debit Card
  • Also available as a joint account
  • No monthly fee
To apply, you must be 18+ and a UK resident.
Community Updates
Switch and stay for £175
Get £125 when you switch and another £50 when you're still with us a year later. This offer is available to new and existing customers in the UK. Follow the steps below to switch:

Apply for an account
Apply for a new account or switch in to an existing account with us before 7th June.

Tell us you want to switch
When you're applying, select to switch to us. The Current Account Switch Service will then move your existing payments and close your account held elsewhere.

Pay in and log in
Once your account is open pay in at least £1,500 and log in to Online or Mobile Banking by 12th July. We'll then pay the £125 by 9th August.

Use your new debit card
Use your debit card for the account at least once a month and we'll pay you £50 by 30th June 2020.

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Top comments
I like the "stay" part

"Stay.....stay....." 🐕

Good dog.
lasuil08/04/2019 13:21

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that.


I've been with Natwest for 10 years. No issues encountered, just seem to be playing constant catch up with technology.
Still waiting for my £150 from my switch back in December....
jiraiya08/04/2019 13:27

I'm currently with tsb which I switched to for a similar deal probably …I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?


You get £125 by 9th August if you pay in at least £1500* by 12th July and then a further £50 in June 2020 if you use your debit card at least once a month.

*usually with these offers it's the total of all credits that count. So in theory you can, for example, pay in and withdraw the same £100 15 times.
325 Comments
Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that. At the moment I'm saving £200/month with santander in 3% interest which seems quite high, it was 5% for the first year but that's just ended.
Edited by: "lasuil" 8th Apr
lasuil08/04/2019 13:21

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that.


I've been with Natwest for 10 years. No issues encountered, just seem to be playing constant catch up with technology.
I like the "stay" part

"Stay.....stay....." 🐕

Good dog.
Left them a few years back after a series of IT problems they had. I’m surprised they survived to be honest.
I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?
lasuil08/04/2019 13:21

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that. At the moment I'm saving £200/month with santander in 3% interest which seems quite high, it was 5% for the first year but that's just ended.


I’ve been with Natwest for years, and couldn’t recommend them enough. They dealt with fraud on my account very quickly and the service was fantastic. I also have a savings account with them, £50 minimum saving per month required to get the 1.5% interest.
lasuil08/04/2019 13:21

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that. At the moment I'm saving £200/month with santander in 3% interest which seems quite high, it was 5% for the first year but that's just ended.


They're fine I guess. Phone support is poor, but their phone app is very good compared to first direct / hsbc. I make about 100 a year back on their rewards account cashback so you might want to consider that.
duncancosgrove08/04/2019 13:28

They're fine I guess. Phone support is poor, but their phone app is very …They're fine I guess. Phone support is poor, but their phone app is very good compared to first direct / hsbc. I make about 100 a year back on their rewards account cashback so you might want to consider that.


Don't you have to pay £2/ month for their rewards system?
Need to pay in at least £1500 to switch according to there website regarding getting the £175.
jiraiya08/04/2019 13:27

I'm currently with tsb which I switched to for a similar deal probably …I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?



Found this
We're sorry but if you've had cashback for switching to NatWest (or Royal Bank of Scotland) since October 2017 you won't be able to get it again.
I've switched in the past and found Natwest pretty good. Unfortunately not eligible.
jiraiya08/04/2019 13:27

I'm currently with tsb which I switched to for a similar deal probably …I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?


Yes , just until you receive your cashback. Although you probably know that switching all the time like me will have an impact on your credit rating,,but your credit rating will improve when you run out of banks that pay the switching bonus to switch to
jiraiya08/04/2019 13:27

I'm currently with tsb which I switched to for a similar deal probably …I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?


You get £125 by 9th August if you pay in at least £1500* by 12th July and then a further £50 in June 2020 if you use your debit card at least once a month.

*usually with these offers it's the total of all credits that count. So in theory you can, for example, pay in and withdraw the same £100 15 times.
Vanmeerkat2 m ago

Yes , just until you receive your cashback. Although you probably know …Yes , just until you receive your cashback. Although you probably know that switching all the time like me will have an impact on your credit rating,,but your credit rating will improve when you run out of banks that pay the switching bonus to switch to


Thanks for the info
Add_to_Basket2 m ago

You get £125 by 9th August if you pay in at least £1500* by 12th July and t …You get £125 by 9th August if you pay in at least £1500* by 12th July and then a further £50 in June 2020 if you use your debit card at least once a month.*usually with these offers it's the total of all credits that count. So in theory you can, for example, pay in and withdraw the same £100 15 times.


Neat tip!
TheRealJoker4 m ago

Need to pay in at least £1500 to switch according to there website …Need to pay in at least £1500 to switch according to there website regarding getting the £175.


You need to pay in at least £1500 by 12th July but there's nothing stopping you from withdrawing and paying in the same money. As long as the total credits to your account are at least £1500 that's all that matters.

That's for the £125. To get the extra £50 you have to use your debit card at least once a month until June 2020.
Everyone should have a spare bank account anyway, if not just open a standard account with a bank of your choice. Then set a standing order to go out your main account for the £1500, and then back in again on either the same day or the next. A lot of these offers require 2 direct debits (or something similar) to be transferred, so check that as well.
TheRealJoker08/04/2019 13:34

Need to pay in at least £1500 to switch according to there website …Need to pay in at least £1500 to switch according to there website regarding getting the £175.


Does your balance in your account count towards this £1500 does anyone know?
lasuil08/04/2019 13:21

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that. At the moment I'm saving £200/month with santander in 3% interest which seems quite high, it was 5% for the first year but that's just ended.



Try Nationwide, £100.00 for you and the person who referred you. If you have savings they give you 5% upto £2500.00 in you account thats £10.28 a month ish. They also do a regular saver @ 5%.
( you need 2 direct debits and pay in £1000.00 a month ).
I just move £1000.00 from account to account on the first of the month. Then to the next account on the 2nd and so on.
I have four accounts running just now.
Watch out for the NatWest £6 overdraft fee (with a % on top) - totally excessive imo
lasuil2 m ago

Does your balance in your account count towards this £1500 does anyone …Does your balance in your account count towards this £1500 does anyone know?


Read my comment above yours, you don't need any money coming in effectively. You could just move money back and forth externally as I mentioned.
If you have good credit and want an overdraft go to First Direct. ( Best bank ever in my opinion )
£250.00 interest free overdraft, Reg saver @ 5%.

  • Get a £100 welcome when you switch to us**
  • and another £100*** if you decide we're not for you.
To get round any fees if you dont want to pay in £1000.00 after you qualified for payment, Just open a bonus saver and put in £10.00. Then you cant get charged fees.
Edited by: "bigwheels" 8th Apr
bigwheels08/04/2019 14:16

If you have good credit and want an overdraft go to First Direct. ( Best …If you have good credit and want an overdraft go to First Direct. ( Best bank ever in my opinion )£250.00 interest free overdraft, Reg saver @ 5%.Get a £100 welcome when you switch to us**and another £100*** if you decide we're not for you.To get round any fees if you dont want to pay in £1000.00 after you qualified for payment, Just open a bonus saver and put in £10.00. Then you cant get charged fees.



Another vote for First Direct. I tried to time my switches so that in the end I'd end up with them. Unfortunately, the extra £125 for leaving and then joining RBS bonus was well worth it. I liked that black bank card too.
lasuil08/04/2019 13:33

Don't you have to pay £2/ month for their rewards system?



Yeah but 2% on your Council Tax will more than cover that off. I have all of my proper bills (utilities, phone, TV/BB, Council Tax) getting 2% rewards which are on our joint account (which means you both get the insurances etc) plus all my spending goes on the Reward credit card they do which is 1% at supermarkets, .5% everywhere else with monthly offers. Like the previous poster says you can easily make £100 a year on it without trying.
I switched when the offer was £125. Have stayed with them and no issues so far
jiraiya1 h, 53 m ago

I'm currently with tsb which I switched to for a similar deal probably …I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?



Only if stated in the T&C of a particular account; you should always always read them and ideally save a copy as well !
bigwheels08/04/2019 14:10

Try Nationwide, £100.00 for you and the person who referred you. If you …Try Nationwide, £100.00 for you and the person who referred you. If you have savings they give you 5% upto £2500.00 in you account thats £10.28 a month ish. They also do a regular saver @ 5%.( you need 2 direct debits and pay in £1000.00 a month ).I just move £1000.00 from account to account on the first of the month. Then to the next account on the 2nd and so on.I have four accounts running just now.


The regular saver is no more, unfortunately.
MARFW10 m ago

The regular saver is no more, unfortunately.



MARFW10 m ago

The regular saver is no more, unfortunately.



I did not know that. I only opened one in November,
I will be switching away from them in November when it pays out any way.
lasuil2 h, 22 m ago

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that. At the moment I'm saving £200/month with santander in 3% interest which seems quite high, it was 5% for the first year but that's just ended.


Account opening process is archaic compared to the new banks. Personal experience is I barely break even with the fees versus cash back on the account and the cash back has not been paid to me in over 3 months and nothing back in personal message. Not impressed so far if I'm honest
whereisthesun08/04/2019 13:35

Found thisWe're sorry but if you've had cashback for switching to NatWest …Found thisWe're sorry but if you've had cashback for switching to NatWest (or Royal Bank of Scotland) since October 2017 you won't be able to get it again.


I see no reference to that on their website and even rang and spoke to them and they confirmed RBS does not matter. What is your source, 3rd party website?
jiraiya2 h, 38 m ago

I'm currently with tsb which I switched to for a similar deal probably …I'm currently with tsb which I switched to for a similar deal probably about 7 months ago now. Does anyone know roughly whether there is a minimum amount of time you need to stay with an account if some form of cashback was offered at the opening of the account?



As an aside, I spotted on the TSB website this morning that the 5% interest rate drops to 3% from 2 July (which I see from a web search was only announced today).
Heavenkiss08/04/2019 16:04

I see no reference to that on their website and even rang and spoke to …I see no reference to that on their website and even rang and spoke to them and they confirmed RBS does not matter. What is your source, 3rd party website?



Natwest switch page

which includes a link to the full terms of the offer.
If you've had previous bonus, any minimum dates for when you can apply again?
premierfella22 m ago

Natwest switch pagewhich includes a link to the full terms of the offer.


Well their customer service lied to me it seems when i rang up. Thanks alot. Ill give it a miss on this lie alone.
at 175, i would do it
jessm254 h, 1 m ago

I’ve been with Natwest for years, and couldn’t recommend them enough. They …I’ve been with Natwest for years, and couldn’t recommend them enough. They dealt with fraud on my account very quickly and the service was fantastic. I also have a savings account with them, £50 minimum saving per month required to get the 1.5% interest.



1.5% with Marcus put in when you like, take it out when you like. 1.5% isn’t a carrot on a bank account any more.
I've switched through; First Direct; HSBC, CO-OP, Nationwide, Halifax, M&S, and TSB......

.....my main current account is with NatWest..... and none of the banks I've switched through can compete with how easy and good the Natwest mobile banking app is 📱

All the accounts I've opened to take advantage of the switching offer have been entirely convoluted, particularly first direct and HSBC.

Nowadays how good the online banking and Mobile App are really affects how 'handy' a current account is.

1st; NatWest + TSB

The rest are rubbish and will only waste your life remembering umpteen passwords and being frequently locked out 🔒 and having to reset passwords and memorable questions.... BUT NOT TO ONE PREVIOUSLY USED (meaning you'll forget it again) 🚨 👎
Edited by: "Superman_turbo_pro_3000" 8th Apr
Still waiting for my £150 from my switch back in December....
lasuil08/04/2019 13:21

Am looking for a switch at the moment. Anyone got any opinion on Natwest? …Am looking for a switch at the moment. Anyone got any opinion on Natwest? I currently am on santander, my graduate account with them is about to expire. Do Natwest do any cashback offers or any good savings? I don't use an overdraft so not too worried about that. At the moment I'm saving £200/month with santander in 3% interest which seems quite high, it was 5% for the first year but that's just ended.



I've been with NatWest since 2001, and never had any problems. Their mobile banking app is excellent.
they paid out for my swich pretty quick but the rewards has been pretty poor. Not being given regularly and its difficult to swap to a standard acc. I may take this up and switch another then close the reward one.
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