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Birmingham Live

NatWest £150 bonus payment to land in bank accounts 'within 30 days'

Chance for people to make extra cash through bank's offer

Warning issued to anyone banking with NatWest or Royal Bank of Scotland
NatWest is paying cash to new customers.

NatWest has told certain customers when they can expect to receive free £150 payments.

The cash will be given to new and existing customers who open a Reward Account with the bank.


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NatWest is intending to lure in new customers from rivals by tempting them with the offer of free cash.

READ MORE: Exact April dates Nationwide customers will get £50 bonus payment

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Bosses said the offer could be "withdrawn at any time", with those wanting to make some extra cash being urged to act quickly.

Finance experts say switching banks can be an easy way to make money and that the process is usually straightforward.

Switchers will need to complete a few steps to get the money, which NatWest said should arrive in accounts within 30 days of completing the switch.


As well as the cash payment, there are also other benefits for Reward Account customers including access to a 6.17% savings account.

NatWest said: "To benefit from the offer, customers need to use the Current Account Switch Service, pay £1,250 into the new account and log into the mobile app within 60 days of switching accounts.

"This offer could be withdrawn at any time.


"Switching bank accounts is simple and can be done through the Current Account Switch Service.

"Payments, such as direct debits and standing orders, are automatically transferred to the newly opened account within seven days."

They added: "NatWest offers a Digital Regular Saver which pays 6.17% AER interest.

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"Customers can save up to £150 a month in the account and gain up to £59.93 interest in the first year."

Paul Slinger, customer manager at NatWest said: “Now is the perfect time to switch to NatWest.

"Customers who make the switch will not only receive £150 cash, but will also enjoy 6.17% AER interest on their regular savings and earn an additional £5 each month through using their new Reward Account.”

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