RBS - £200 Switch Bonus

Overview

Royal Bank of Scotland is running a £200 switching offer that mirrors the NatWest one (both are owned by NatWest Group). Pay in £1,250 within 60 days, log in to the app, and the £200 lands within 30 days.

The offer is open-ended (no fixed end date in the official T&Cs), but may be withdrawn at any time.

How to Claim

1. Apply for an RBS Select, Reward or Premier Reward account
2. Start a full CASS switch from another bank
3. Log in to the RBS mobile app or online banking within 60 days
4. Deposit at least £1,250 within 60 days
5. Receive £200 within 30 days of meeting the criteria

Requirements

• New RBS current account customer
• Must not have held an account with RBS, NatWest or Ulster Bank as of 6 May 2026
• Must not have received any prior switching bonus from the NatWest Group
• 18+ and UK resident
• Full CASS switch closing your old account
• £1,250 paid in within 60 days
• App or online banking login within 60 days
• No fixed deadline (offer may be withdrawn at any time)

Key Benefits

• £200 cash bonus
• Reward variant earns £4/month cashback for £2/month fee
• FSCS protected up to £85,000

Important Notes

• You can only claim the bonus from one of NatWest, RBS or Ulster — they share a single bonus rule across the group
• If you've never had a NatWest Group account before, this is interchangeable with the NatWest offer — pick whichever you prefer
• The £1,250 can be withdrawn once paid in