Premier Current Account
Switching bonus from NatWest
Bonus
£250
Penny's take
Solid value for existing Premier-level customers. The £250 cash bonus requires a £5,000 deposit and app login within 60 days, which is reasonable for the target audience, while both eligible variants include 24/7 Premier support. Premier Select is fee-free and adds fee-free overseas card purchases; Premier Reward costs £2 monthly but can earn up to £10 a month.
The main catch is narrow eligibility. Premier income or savings thresholds apply, previous NatWest Group switchers are excluded, and the extra £750 requires £100,000 in a linked saver - attractive only if you already hold that level of cash.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Switch to a NatWest Premier account using the Current Account Switch Service (CASS)
- •Deposit £5,000 and log in to the NatWest mobile app within 60 days of switching
- •Open a Flexible Saver funded with £100,000 within 60 days if you want the additional £750 bonus
Things to check
- Premier eligibility criteria apply (verify current income/savings thresholds on NatWest site).
- Offer not available to those who have previously received a NatWest Group switch incentive.
Account Benefits
Premier 24 support
Premier Select and Premier Reward customers can use NatWest's specialist Premier support service 24 hours a day.
Premier Select: card purchases abroad
Premier Select has no NatWest non-sterling transaction fee on debit-card purchases; cash withdrawals and local charges are excluded.
Premier Select: £500 overdraft buffer
An approved Premier Select arranged overdraft includes a £500 interest-free portion.
Premier Reward: up to £10 monthly
Premier Reward can earn £9 for qualifying Direct Debits and £1 for an app login each month.
Premier Reward: retailer rewards
Premier Reward customers can earn Rewards on eligible debit-card spending with participating retailers.