Eligibility criteria apply. Check terms on RBS Premier's website before applying.
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RBS Premier Offer Summary
Detailed Information
RBS Premier is offering up to £1,000 to switchers – £250 for completing a 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 also requires a £5,000 deposit and a mobile-app login within 60 days.
Premier eligibility requires £100,000+ in sole income (or £120,000+ joint), £100,000+ savings or investments with RBS, or a £500,000+ mortgage with RBS. The Premier Select tier has no monthly fee; Premier Reward charges £2/month and Premier Reward Black charges £36/month. Select includes a £500 fee-free overdraft buffer.
Customer-history exclusions are tight: anyone who held an RBS current or savings account on or after 10 March 2026 is out, and switches from other NatWest Group brands (NatWest, Ulster NI) are excluded. Joint accounts are not eligible. The £750 is taxed as savings interest.
Is RBS Premier Right for You?
Key Features
- No monthly fee on Premier Select tier
- £500 fee-free arranged overdraft buffer (Select)
- Three account tiers: Select (£0/mo), Reward (£2/mo), Reward Black (£36/mo)
- Premier banking manager and financial planning access
Things to Consider
- £100k+ income, savings or mortgage threshold required for Premier eligibility
- Cannot have held RBS current or savings account on/after 10 March 2026
- Joint accounts and NatWest Group switchers (NatWest, Ulster NI) excluded
- £100,000 Flexible Saver deposit required for the full £750 bonus
- £750 saver portion is taxable as savings interest
Eligibility Requirements
- Switch using CASS from another bank (not NatWest Group)
- Pay in £5,000 within 60 days of switching
- Log into the mobile app within 60 days
- Meet one Premier criterion: £100k+ income (£120k joint), £100k+ savings/investments, or £500k+ mortgage with RBS
- For the £750 saver bonus: open a Flexible Saver and deposit £100,000 within 60 days, hold for 30 consecutive days
- Cannot have held an RBS current or savings account on or after 10 March 2026
- Sole accounts only — joint accounts ineligible
Always verify the current requirements on RBS Premier's website before applying, as terms may change.
How the Switch Works
RBS 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.
After Verification — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Common Issues
- Held an RBS account on/after 10 March 2026 — excluded
- Forgetting the 30-day continuous hold on the £100k saver deposit
- Switching from another NatWest Group brand (NatWest, Ulster NI)
- Applying jointly — only sole accounts qualify
- Forgetting the £750 saver portion is taxed as interest
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 RBS 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 RBS 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 RBS 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 RBS Premier. Scrimpr earns no commission from this link and isn't endorsed by RBS Premier. Eligibility criteria and terms apply. Not all applicants will qualify. RBS Premier is regulated by the FCA (Register: 114724).
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 RBS Premier.
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