Eligibility criteria apply. Check terms on RBS's website before applying.
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RBS Offer Summary
Offer ends 28 May 2026. Terms may change at the provider's discretion.
Is RBS Right for You?
Key Features
- Select Account: No monthly fee, no ongoing requirements
- Reward Account: Earn £5/month cashback (£4 for 2+ Direct Debits, £1 for app login)
- Both accounts: Digital Regular Saver at 5.5% on up to £5,000
- Both accounts: Round Ups feature, mobile banking
- Reward Account: 1-15% cashback at partner retailers, no overseas fees
Things to Consider
- Cannot have ever received NatWest Group switch bonus before (lifetime exclusion)
- Must apply online or via app (branch/phone applications not eligible)
- Reward requires £1,250/month ongoing for cashback (Select doesn't)
- Reward has £2/month fee but earns £5/month (net £3 profit)
- Part of NatWest Group (NatWest, RBS, Ulster Bank share eligibility)
- Cannot switch directly from NatWest or Ulster Bank
Eligibility Requirements
- Open RBS Select or Reward account online or via app
- Must not have held RBS current account as of 17 February 2026
- Complete full switch using CASS from non-NatWest Group bank
- Deposit £1,250 within 60 days (can be multiple payments, each must stay 24 hours)
- Log into RBS mobile banking app within 60 days
- Cannot have ever received switch bonus from NatWest/RBS/Ulster Bank
Always verify the current requirements on RBS's website before applying, as terms may change.
How the Switch Works
RBS 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
- Choose Reward if you can maintain £1,250/month - earns £36/year net profit
- Choose Select for no fees and no ongoing requirements
- Digital Regular Saver maxed out earns £153/year interest
- Each £1,250 deposit only needs to stay 24 hours - can withdraw and re-deposit
- Reward cashback paid to separate wallet - remember to withdraw monthly
- Can claim both NatWest and RBS bonuses if switching from different banks
Common Issues
- Applying in branch or by phone (must be online/app only)
- Not logging into mobile app within 60 days
- Not keeping each individual deposit in for 24 hours
- Previously had switch bonus from NatWest or Ulster Bank (excludes you)
- For Reward: Forgetting to withdraw cashback from Reward Wallet monthly
- Switching directly from NatWest to RBS (not eligible)
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's switch offer has changed over time.
| Offer | Period |
|---|---|
| £150 | Feb 2026 - May 2026 |
| £175 | Sep 2025 - Dec 2025 |
| £175 | Jun 2025 - Sep 2025 |
| £150 | Mar 2025 - May 2025 |
| £180 | Oct 2024 - Dec 2024 |
| £200 | Feb 2024 - Apr 2024 |
| £200 | Feb 2023 - Sep 2023 |
| £175 | Sep 2022 - Nov 2022 |
| £150 | Jan 2022 - Apr 2022 |
| £150 | Oct 2021 - Dec 2021 |
| £125 | Oct 2020 - Nov 2020 |
| £175 | Feb 2020 - Apr 2020 |
| £150 | Aug 2019 - Dec 2019 |
| £175 | Apr 2019 - Jun 2019 |
| £150 | Jan 2019 - Feb 2019 |
| £125 | Oct 2018 - Dec 2018 |
| £100 | Apr 2018 - Jun 2018 |
| £125 | Jan 2018 - Mar 2018 |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and RBS 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'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.
Eligibility criteria and terms apply. Not all applicants will qualify. RBS 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.