Select Account
Switching bonus from Royal Bank of Scotland
Bonus
£200
Penny's take
Solid free-account bonus with a low bar to clear. Royal Bank of Scotland's £200 switch incentive requires no monthly fee, just a £1,250 deposit and a mobile app login within 60 days — straightforward conditions most switchers can meet without changing spending habits.
The biggest catch is the NatWest Group exclusion: anyone who has previously taken a NatWest Group cash incentive, or is switching from NatWest or Ulster Bank, is disqualified entirely. The Select account itself is bare-bones, so if you want ongoing value beyond the bonus, you'd need to weigh upgrading to the fee-based Reward variant.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Apply for a Select account and request and complete a full switch from another bank using the Current Account Switch Service (CASS).
- •Within 60 days of switching, pay in £1,250. This can be multiple payments and must remain in the account for 24 hours.
- •Within 60 days of switching, log in to the Royal Bank mobile app.
Things to check
- Offer is available to new and existing customers who did not hold a Royal Bank current account on 06 May 2026.
- Not eligible if you or anyone on the account has previously received a NatWest Group cash switch incentive.
- Not eligible if switching an account from NatWest Group, including NatWest or Ulster Bank.
- The old bank must be part of the Current Account Switch Service; manual or partial switches do not qualify.
- Specific account eligibility criteria apply. Monthly account fees may apply. Offer may be changed, replaced, or withdrawn at any time.
Account Benefits
App money-management tools
Categorise spending for budgeting and view supported accounts held with other UK banks.
Free credit score
Eligible customers can monitor their TransUnion credit score in the Royal Bank app.
Select: no monthly fee
The Select option provides standard account and digital-banking features without a monthly charge.
Reward: up to £5 monthly
The Reward option can earn £4 for qualifying Direct Debits and £1 for an app login each month.
Reward: retailer rewards
Eligible partner spending can earn variable Rewards redeemable as account credit, e-gift cards or charity donations.