Is NatWest right for me?
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
NatWest could suit you if you’ve never had a NatWest Group switch bonus and can pay in £1,250, or if you’re switching a business with turnover up to £2 million and want two years’ free banking.
NatWest at a glance
| Question | What we found |
|---|---|
| Switch offer (personal)? | £200 on Select or Reward (until withdrawn) |
| Business switching? | 2 years’ free everyday banking via full CASS |
| Regular Saver? | 5.25% AER up to £5,000 |
| Free business app account? | Mettle |
| Branches? | Yes |
Figures as of 3 October 2026, from each provider’s own website. This is general information, not a recommendation.
Who it’s for
- You’ve never had a NatWest, RBS or Ulster Bank switch offer
- You want branches
- You’re switching a business and will use FreeAgent
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You’ve had a NatWest Group switch offer before
- You withdraw cash abroad often
Full explanation
Check the switch offer terms carefully — eligibility depends on your history with NatWest Group.
The catch
Switch offer exclusions are lifetime across NatWest Group brands.
FAQs
Does NatWest pay to switch?
NatWest offered £200 on Select or Reward accounts, with conditions, until withdrawn.
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