NatWest Launches new £125 current account switcher offer

3 Oct, 2018

03 Oct 2018 NatWest is offering a new offer, £125 to new and existing customers switching their main bank account. The limited time offer runs from 3 October 2018 until 3 December 2018.

Customers switching to a NatWest Reward current account will also benefit from 2% Rewards on their household bills with an average of £83 received each year. A customer switching to NatWest could therefore receive over £200 just for switching bank accounts.

Additionally NatWest is enhancing the benefits on its Reward Silver, Platinum and Black accounts from 1 October. Customers will now be able to benefit from no foreign purchase fees on debit card purchases made outside of the UK, up to 40% off cinema tickets and (for Reward Platinum and Black customers) personal car breakdown cover which will cover customers for vehicles they own and will also cover a vehicle if a customer is travelling in it.  The NatWest Reward range has no minimum sign up period – meaning customers can try account benefits and cancel at any time if it doesn’t meet their needs.

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

Switchers are required to use the Current Account Switch Service, close their existing account with their current provider and transfer their main current account to NatWest. Customers will then receive the payment by 8th February 2019.

It is simple for customers to obtain the £125. £1500 must be paid into the account and customers need to log into either online or through the award winning mobile app before 7January 2018. Customers must be 18 or over and not have already taken advantage of a cash offer from NatWest after October 2017 for opening a new current account and switching. Customers can apply on or in any NatWest branch.