Premier accounts (Select or Reward)
Switching bonus from NatWest
Bonus
£200
Penny's take
Strong value for high-earners who qualify. The £200 bonus on a fee-free Premier Select account is genuinely attractive, and the requirements — paying in £1,250 and logging into the app within 60 days — are straightforward. Premier Select's fee-free overseas debit purchases add real ongoing value for frequent travellers.
The biggest catch is the strict eligibility threshold: you need at least £100,000 income or £100,000 in NatWest savings to open a Premier account at all, making this irrelevant for most switchers. Those who do qualify and haven't previously taken a NatWest Group switch bonus will find this one of the better no-fee offers available.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Open an eligible NatWest Premier account and complete a full switch using the Current Account Switch Service (CASS).
- •Within 60 days of the switch completing, pay in £1,250. Payments can be split, but the money must remain in the account for at least 24 hours.
- •Log in to the NatWest mobile app within 60 days of the switch completing.
Things to check
- Premier eligibility applies: at least £100,000 income (£120,000 joint), £100,000 in NatWest savings or investments, or a £500,000 NatWest mortgage.
- Available only to customers who did not hold a NatWest current account on 6 May 2026.
- Not available if anyone on the account has previously received a NatWest Group cash switch incentive, or when switching from Royal Bank of Scotland or Ulster Bank.
Account Benefits
Premier 24 support
Premier customers have access to specialist support seven days a week.
Premier Select card purchases abroad
Premier Select has no NatWest non-sterling transaction fee on debit-card purchases; cash withdrawals and local charges are excluded.
Premier Reward monthly Rewards
Premier Reward costs £2 a month and can earn up to £10 monthly when its separate Direct Debit and app-login conditions are met.