NatWest Select Account
Current account
£200
switching bonus
Penny's take
Solid, low-effort bonus on a free account. NatWest's £200 cash incentive is competitive, and because the Select Account carries no monthly fee, every penny of it is pure gain. The included benefits are modest but practical — fraud protection and a free credit score add quiet everyday value without inflating the headline appeal.
The main hurdle is depositing £1,250 within 60 days, which suits those with a regular salary but may trip up lower earners. The biggest catch is the blanket exclusion of anyone who has previously received a NatWest Group switch incentive, ruling out a meaningful chunk of potential applicants before they even start.
Requirements at a glance
Deposit requirement
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.