NatWest Launches £175 Switcher Offer

NatWest is offering over £175 to new customers who switch their main current account to the bank.

Customers qualify for the payment by switching to NatWest using the Current Account Switch Service, depositing £1,250, and logging into the mobile app within 60 days.

A further £60 in rewards is available each year for customers signing up to the NatWest Reward account. Every month, customers will receive £4 in rewards if they have two Direct Debits of £2 or more. An additional £1 is received for logging into the mobile app. The Reward account has a monthly fee of £2. Customers can also benefit from offers, including money off at a range of retailers.

Switching bank accounts is simple and can be done through the Current Account Switch Service. Payments, such as Direct Debits and Standing Orders, are automatically transferred to the newly opened account within seven days.

NatWest offers a Digital Regular Saver with 5.5% AER interest. Customers can save up to £150 a month in the account. The Digital Regular Saver is an instant access account that rewards regular saving with a competitive interest rate (available on balances up to £5,000), helping customers grow their money while always having access in case of an emergency. 

NatWest provides a Round Ups feature that saves the change to the nearest pound with each transaction, enabling customers to save regularly. 

Paul Slinger, Head of Current Accounts NatWest said: “We are committed to providing our customers with exceptional service and value. Our new £175 switcher offer, along with additional rewards and benefits, is designed to make banking with us even more rewarding.”

NatWest customers can also benefit from the Travel Reward Credit Card which gives 1% back in rewards on travel spend. Rewards can also be exchanged for cash or vouchers.

NatWest is supporting customers to help their families develop good money habits by offering a free Rooster Card subscription for children.

Rooster is a prepaid debit card and pocket money app, and up to three are available for free per family. The card normally costs £1.99 per month or £19.99 per year – this is a saving of £59.97 for three children over a year. 

An account can be opened online at www.NatWest.com or by downloading the NatWest mobile app.