-You are not deemed eligible for this offer if you have ever received a switch bonus from NatWest, RBS or Ulster Bank.

New to Bank Switching? Read our Bank Switching Guide.

- Open a new NatWest Reward or Select account.
- Switch in a non-NatWest, RBS or Ulster Bank account online or via the mobile app.
- Deposit £1,250+ & log in to mobile banking within 60 days.
- £125 will be credited to your account within 30 days of satisfying the above criteria.

In order to qualify for an an additional £50, follow the below steps:
- You must have qualified for and received the £125 bonus above
- Open a new Digital Regular Saver online or via the app within 60 days of switching.
- The £50 is paid within 30 days of completing these steps.

The NatWest Reward account comes with a £2/month fee. However, you will receive  £5/month cashback if you pay in £1,250, pay out 2+ Direct Debits of £2+ and log into its mobile banking app each month. So the net gain is £3/month or £36/year.

If your account does not have 2+ active Direct Debits, you can set them up here.