RBS - £150 when you switch current account 🔥

Free Money — Bank Switching — RBS

Time needed 15 minutes

Deposit £1,250

The Royal Bank of Scotland is a major retail and commercial bank in Scotland. Right not you can get a £150 bonus when you switch banks to RBS.

To claim your £150 bonus:

1. Sign up here - apply online to switch a current account held elsewhere (make sure you go through the Current Account Switching Service).

2. Deposit £1,250 into your account and log in to our mobile banking app within 60 days.

3. When you meet these conditions, RBS will pay £150 into your account within 30 days.

Useful notes:

• The deposit of £1,250 can be made up of multiple credits and must remain in the account for 24 hours.

• If you've previously received a switcher incentive from NatWest Group since 01 January 2020, you will not be eligible for this offer.

👉 [Join the discussion for this offer here]

👉 [See our full guide on switching banks and setting up simple direct debits]

👉 [Get notified about new offers here]

👉 [Need to see the T&Cs for this offer? Click here]

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FAQ’s

• Is my money safe with RBS?

  Yes — money held with Royal Bank of Scotland is safe and protected.

  • Covered by the Financial Services Compensation Scheme (FSCS)

  • Protection up to £85,000 per person

  • Regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA)

• Which banks are linked to RBS?

  RBS is part of the NatWest Group, which includes:

  • NatWest

  • Ulster Bank

  Important:

  • These brands may share a banking licence, meaning FSCS protection is combined across them

  • So the £85,000 limit applies across the group, not per brand

• How do I qualify for an RBS switch bonus?

  RBS often runs switching offers (typically £150–£200+). To qualify, you usually need to:

  1. Open a new RBS current account

  2. Use the Current Account Switch Service (CASS)

  3. Switch from another bank (closing your old account)

  4. Transfer at least 2 active direct debits

  5. Pay in a minimum amount (often £1,250–£1,500 within a set time)

  6. Log in to mobile banking

• Who is eligible for the RBS switch offer?

  You’ll usually qualify if you:

  • Are a new RBS/NatWest/Ulster Bank customer

  • Have not received a switch bonus from the group recently

  • Complete a full switch via CASS

  • Meet deposit and direct debit requirements

  Existing customers are usually not eligible.

• What direct debits can I use for an RBS switch bonus?

  You normally need at least 2 active direct debits.

  ✅ Examples that count:

  • Council tax

  • Energy bills (gas/electric)

  • Broadband or mobile contracts

  • Insurance payments

  • Credit card repayments

  • Charity donations (e.g. £1/month)

  Read our full guide on setting up simple direct debits here.

• How do I contact RBS?

  • App & online banking: Use in-app chat (Cora chatbot + live agents)

  • Phone (UK): 0345 724 2424

  • Address: Visit one of the RBS branches.