NatWest — fees, features, catches and eligibility
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Quick answer
Will NatWest pay you to switch? NatWest offered £200 (switch offer checked on the bank’s own site, 27 September 2026) on Select or Reward accounts: complete a full switch from a bank outside NatWest Group, then pay in £1,250 within 60 days and log in to the app. Anyone who has ever had a NatWest, RBS or Ulster Bank switch cash offer is excluded.
Who it’s for — and who should avoid it
Who it’s for
- People who have never had a NatWest Group switch bonus
- Switchers who can pay in £1,250 within 60 days
- Anyone who wants a high-street bank with branches
- Reward account users who want 0% on card purchases abroad
Who should avoid it
- Anyone who held a NatWest current account on 6 May 2026
- People who have had any NatWest, RBS or Ulster Bank switch cash offer
- Frequent travellers withdrawing cash abroad (2.75% ATM fee even on Reward)
- Anyone relying on an overdraft — rates are high
Key features
- £200 switch offer on Select or Reward (until withdrawn)
- NatWest Premier £500 switch offer for customers meeting Premier criteria
- Paid within 30 calendar days
- Branches plus app
Eligibility
- UK resident; account opened from 6 May 2026
- Full CASS switch from an account outside NatWest Group (no Direct Debit count in the terms)
- Pay in £1,250 within 60 days of the switch completing and log in to the app
- Not a NatWest current account holder on 6 May 2026; never had a NatWest, RBS or Ulster Bank switch cash offer
Fees
| Item | Detail |
|---|---|
| Select | £0 standard (12 Sep 2026) |
| £1,000 spent abroad (Select) | £27.50 (2.75%) in our checks (30 Aug 2026) |
| ATM abroad (Select) | £5.50 on £200; £27.50 on £1,000 (30 Aug 2026) |
| Reward abroad | 0% on purchases; 2.75% on ATM |
| Switch bonus | £200 (27 Sep 2026) |
Where these facts come from: our switch bonus pages (bank sites checked 27 September 2026), current accounts page (12 September 2026) and travel money page (30 August 2026).
The catch
Exclusions are lifetime for NatWest Group switch offers. Select charges 2.75% on spending abroad, and Reward’s 0% applies to purchases, not ATM withdrawals. Reward and Select may carry monthly fees.
FAQs
How much does NatWest pay to switch?
£200 on Select or Reward when we checked on 27 September 2026, if you switch from outside NatWest Group, pay in £1,250 within 60 days and log in to the app.
Can I get the NatWest bonus if I had one from RBS?
No. Anyone who has ever had a NatWest, RBS or Ulster Bank switch cash offer is excluded.
Is NatWest Reward fee-free abroad?
Reward charged 0% on purchases but still 2.75% on ATM withdrawals in our checks (30 August 2026).
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