NatWest: £250 switch offer (Premier account)
NatWest is running two offers at the moment, but in this post we're going to look at the more 'exclusive' one boasting a £250 cash incentive when you switch to it.
The Premier account seems to be targeted at those who meet a higher income or assets bar, so take a look at the qualifying criteria before applying.
If this account isn't for you, take a look at NatWest's £150 Switch offer, which is much more accessible than this one.
This offer could expire at any time. Natwest has not disclosed an end date.
How To Qualify For NatWest Premier Switch Incentive (£250)
- Apply for a NatWest Premier account and switch via CASS
- Deposit at least £5,000 within 60 days of opening
- Log into the mobile app
To qualify for the Premier account, you need one of the following:
- Single income of at least £100,000 (or £120,000 joint income) paid into NatWest
- OR at least £100,000 in NatWest savings or investments
- OR or a minimum £500,000 NatWest mortgage
Who Cannot Apply (Premier)
- Anyone who has received a NatWest switch offer before
- Anyone who held a NatWest current or savings account as of 10 March 2026
How much do you need to make to qualify for NatWest Premier?
You need to have a single income of at least £100,000 or a join income of £120,000 paind into your new NatWest. Alternatively, you can qualify by having £100,000 in a savings / investment account within NatWest. Or finally, if you have a mortgage with a minimum of £500,000 held with NatWest, you can qualify with this.
What are the account fees for NatWest Premier account?
Premier Select Account
Monthly fee: £0
What you get:
- 24/7 support from Premier 24
- No non-sterling transaction fees on payments abroad (excluding ATM withdrawals)
- Option to apply for an arranged overdraft
- £500 interest-free buffer (subject to approval)
- 20.1% representative APR (variable) after that
Best for:
- Those who want Premier benefits (and switch cash) without paying a monthly fee
Premier Reward
Monthly fee: £2
What you get:
- Everything in Premier Select
- Monthly rewards:
- £9 back for having two Direct Debits (min £4.50 each)
- £1 just for logging into the app
- At least 1% cashback at partner retailers
Best for:
- Those who want to earn rewards that can outweigh the £2 fee
Premier Reward Black
Monthly fee: £36
What you get:
- All benefits from Select and Reward
- Travel perks:
- Airport lounge access (DragonPass Premier+)
- Worldwide family travel insurance
- No foreign transaction fees on card spending
- Insurance and cover:
- Mobile phone insurance
- UK & European breakdown cover
- Home emergency service
- Lifestyle extras:
- 24/7 concierge service
- 25% cashback on event tickets
- Cinema discounts nationwide
Best for:
- Frequent travellers or those who will use bundled insurance and perks
NatWest Premier vs Lloyds Premier
The NatWest cash incentive feels low compared to the Lloyds Premier account. If you haven't seen our other post, Lloyds are offering a massive £500 to higher earners that join their Premier account.
As a result, the NatWest offer feels a little bit 'cheap' - especially when you consider that they're asking for high thresholds of income similar to Lloyds.
For that reason I'd recommend going for the Lloyds Premier account first before considering the NatWest offer.
