What is the NatWest Premier Switch? NatWest’s Premier Reward account, for people earning £100,000 or more, with £100,000 saved or invested, or a £500,000 NatWest mortgage. It pays £500 for switching.
⏳ No end date has been announced, but switch offers change often, so check before you start.
How to claim it
- Check you qualify: an income of £100,000 or more paid in monthly, £100,000 saved or invested, or a NatWest mortgage of £500,000 or more.
- Open NatWest Premier Reward as a sole account and choose a full switch from a bank that isn’t NatWest, RBS or Ulster Bank.
- Within 90 days, pay in £15,000 in total and log in to the app.
- Your £500 is paid within 120 days of the switch completing.
Handy hints
- Good to know
- What you need: A full switch, £15,000 paid in within 90 days, and logging in to the app.
- Is it free? It costs £2 a month, but pays £9 a month cashback when you meet the rules.
- Need Direct Debits? Plum or Moneybox can set up free monthly Direct Debits to yourself. Keep them monthly, as quarterly ones aren’t always counted.
- Follow every step: read the bank’s switch offer terms carefully and do each step within the time limits. Miss one and you can lose the bonus.
- Space out applications: each new account can show on your credit file, so don’t open lots at once.
- Who can’t get it: anyone with a NatWest current account on or after 2 September 2026, or who has had a switch bonus from NatWest, RBS or Ulster Bank before.
- Earning more
- Monthly cashback: £9 a month back for 2 Direct Debits of £4.50 or more and using the app, against a £2 fee.
Ready to claim your £500?Time needed: 30 mins. Deposit: £15,000 within 90 days.