Select Account
Switching bonus from NatWest
Bonus
£200
Penny's take
Solid, low-friction bonus for everyday switchers. NatWest's £200 cash incentive comes with no monthly fee, making the reward pure gain rather than something you need to offset against ongoing costs. The requirements are reasonable - deposit £1,250 and log into the app within 60 days - though that deposit threshold may stretch those paid irregularly or in smaller amounts.
The account itself is decent but unremarkable, with useful extras like a free credit score and round-up savings. The biggest catch is the prior-incentive exclusion: anyone who has switched to a NatWest Group bank before is locked out entirely.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Switch using the Current Account Switch Service (CASS)
- •Deposit £1,250 and log in to the NatWest mobile app within 60 days of switching
Things to check
- Offer not available to those who have previously received a NatWest Group switch incentive.
Account Benefits
No monthly fee
Use the Select Account without paying a monthly account charge.
Fraud refund promise
NatWest says it will refund money taken through Online Banking or the app when required security steps were followed.
Round Ups
Opt in to round debit-card spending up to the nearest pound and transfer the difference to savings.
Free credit score
Check your TransUnion credit score through the NatWest app without a separate fee.