Eligibility criteria apply. Check terms on NatWest Premier's website before applying.
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NatWest Premier Offer Summary
Detailed Information
NatWest Premier Reward is offering up to £1,000 to switchers – £250 for completing a full CASS transfer, plus up to £750 in interest available by opening a Flexible Saver and holding £100,000 for at least 30 consecutive days within 60 days of the switch. The cash bonus requires £5,000 paid into the account within 60 days and a mobile-app login.
The account itself charges £2/month and pays up to £9/month in rewards (£2 for two qualifying Direct Debits of £4.50+, £1 for a monthly app login, plus 1%+ partner cashback). Other Premier perks include the Reward credit card annual fee refunded, a fee-free arranged overdraft, and access to a dedicated Premier banking manager.
Eligibility requires £1,250+ paid into an eligible NatWest account each month. Existing customers can qualify provided they haven’t previously taken a NatWest switch offer. Joint applications and switches from other NatWest Group entities (Royal Bank, Ulster Bank NI) are excluded.
Is NatWest Premier Right for You?
Key Features
- Up to £9/mo in account rewards (Direct Debits, app login, partner cashback)
- Reward credit card annual fee refunded
- Fee-free arranged overdraft (subject to status)
- Dedicated Premier banking manager and financial planning access
- 1%+ cashback at partner retailers
Things to Consider
- £2/month account fee (offset by up to £9/month in rewards)
- £1,250+ monthly deposit required to keep Premier active
- £100,000 Flexible Saver deposit required for the full £750 bonus, held for 30 consecutive days
- £750 saver interest is subject to UK income tax
- Cannot have held a NatWest current or savings account on or after 10 March 2026
- Cannot have previously received a NatWest Group switching offer
- NatWest Group switchers (Royal Bank, Ulster NI) excluded
- Maximum one Reward account per person (one in joint names also allowed)
Eligibility Requirements
- Open a Premier Select or Premier Reward account
- Must not have held a NatWest current account or savings account as of 10 March 2026
- Complete a full CASS switch from another bank (not NatWest Group)
- Pay in £5,000 within 60 days of switching (multiple payments allowed; each must stay 24 hours)
- Log into the NatWest mobile app within 60 days
- Maintain £1,250+ in monthly deposits to keep Premier eligibility active
- For the £750 saver bonus: open a Flexible Saver and deposit £100,000 within 60 days, hold for 30 consecutive days
- Cannot have previously received a NatWest Group switching incentive
- Maximum one Reward account per person (one in joint names also allowed)
Always verify the current requirements on NatWest Premier's website before applying, as terms may change.
How the Switch Works
NatWest Premier uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 30 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- The £250 switch bonus is the realistic figure for most — the extra £750 needs £100,000 sat in a Flexible Saver for 30 consecutive days, which most people don't have lying around
- The £5,000 deposit can be multiple payments — each only needs to sit for 24 hours
- Reward credit card annual fee refunded is worth ~£24/year on its own
- The £750 saver interest is taxable, so factor that into your headline expectation
- Up to £9/mo in rewards (DDs + app login + partner cashback) more than offsets the £2/month fee
Common Issues
- Falling below £1,250/month — the Premier eligibility check is ongoing, not one-off
- Forgetting the 30-day continuous hold on the £100k saver deposit (it must stay for 30 days, not just be paid in)
- Switching from another NatWest Group brand (Royal Bank, Ulster NI) — not eligible
- Forgetting the £750 saver interest is subject to UK income tax
- Already having held a NatWest current/savings account on or after 10 March 2026
Need Direct Debits? If you don't have 2 active Direct Debits for the switch, you can support Scrimpr via Direct Debit (50p or £1/month) — it counts towards the requirement and helps keep this site free.
Offer History
How NatWest Premier's switch offer has changed over time.
| Offer | Period |
|---|---|
| £250-£1000 | Mar 2026 - Present |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and NatWest Premier reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on NatWest Premier's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
Direct link to NatWest Premier. Scrimpr earns no commission from this link and isn't endorsed by NatWest Premier. Eligibility criteria and terms apply. Not all applicants will qualify. NatWest Premier is regulated by the FCA (Register: 121878).
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with NatWest Premier.
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