Premier Select Account
Switching bonus from NatWest
Bonus
£500
Penny's take
Generous bonus, but only for the genuinely wealthy. The £500 reward is one of the market's largest switch incentives, and the free account means every penny is pure gain. The catch is the Premier eligibility bar: you'll need either £100,000 annual income paid into NatWest, £100,000 in NatWest savings or investments, or a £500,000 NatWest mortgage just to qualify.
For those who clear that hurdle, the £15,000 deposit requirement within 90 days is straightforward at this wealth level. The previous-bonus exclusion rules out many experienced switchers, so this is best suited to high earners new to NatWest switch offers.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Apply for a Premier Select account and request and complete a full switch from a non-NatWest Group bank using the Current Account Switch Service (CASS).
- •Within 90 days of switching, pay in £15,000 — this can be multiple payments and each must remain in the account for 24 hours.
- •Within 90 days of switching, log in to the NatWest mobile app.
Things to check
- Offer is available to new and existing customers who did not hold a NatWest current account on 02 September 2026.
- Premier eligibility applies: £100,000 sole income (£120,000 joint) paid into your NatWest account, £100,000 savings or investments held with NatWest, or a £500,000 NatWest mortgage.
- Not eligible if you or anyone on the account has previously received cash from a NatWest, RBS or Ulster Bank switch offer.
- Not eligible if switching from NatWest Group (RBS or Ulster Bank).
- You can only benefit once, even with multiple accounts.
- Offer may be changed, replaced or withdrawn at any time.
Account Benefits
No monthly fee
Keep the account open without paying a monthly account charge.