. To be eligible for the payment, customers have to make the switch using the Current Account Switch Service (CASS). New and existing NatWest customers will also be able to bag £36 a year in cashback. The NatWest Reward current accounts give those who switch £175 in cash and £5 a month in cashback, but the account comes with a £2 a month fee so really it is £3/month. You won't be eligible for the switching bonus if you have opened up a new NatWest account since October 2017. You also can't have had switching cash from NatWest, RBS or Ulster Bank since October 2017. You will only get the cash if you're switching from a non-NatWest account to NatWest. For example, it is possible to get the bonus if you move from a Nationwide account to NatWest. It takes just seven working days to process under CASS, and you won't have to lift a finger. Martin does point out that there are some alternatives that offer you more money or better terms. Below we explain exactly how you can claim this offer and other switching schemes available. How to claim this offer You can apply online or through the mobile app to switch a current account. You have until tomorrow at 5pm to get the free cash. You do need to make sure that you deposit £1,250 into your account once it's opened and log into the NatWest mobile banking app before December 16. Once you've done NatWest will pay you the £175 by December 23. Check the NatWest website for more information. How do I switch bank accou){kind=link}
A MAJOR high street bank is offering customers free cash to switch their current accounts, but the deal ends tomorrow.
Martin Lewis, the Money Saving Expert himself, has revealed how you can get £175 just by switching your current account.
In his weekly newsletter, Martin Lewis explained how NatWest gives customers £175 if they switch to one of its current accounts, but the deal is coming to an end at 5pm tomorrow, November 3.
To be eligible for the payment, customers have to make the switch using the Current Account Switch Service (CASS).
New and existing NatWest customers will also be able to bag £36 a year in cashback.