£175 when you Switch and Stay

Switch bank account
to Royal Bank

Get £125 when you switch to us and another £50 when you're still with us a year later

Just use the Current Account Switch Service to close your account elsewhere and switch to an eligible account with us by 28th June 2019.

Pay in at least £1500 and log in to Digital or Mobile Banking by 2nd August and we'll pay you £125 by 30th August 2019.

Use your account debit card at least once a month and we'll pay you another £50 by the 30th June 2020. 

This offer is available to new and existing customer who are resident in the UK. 

We're sorry but if you've had cashback for switching to Royal Bank of Scotland (or NatWest) since October 2017 you won't be able to get it again. This offer can be withdrawn at anytime. 

Switching dates to remember

Apply

Apply to switch to us by the 28th June 2019 using the Current Account Switch Service.

Pay in and log in

Pay in at least £1500 into your eligible current account and log in to Digital or Mobile Banking before 2nd August 2019. We'll pay you £125 by the 30th August 2019.

Use your card

Use your debit card linked to your eligible current account at least once a month and we'll pay you another £50 by 30th June 2020.

Switching to Royal Bank is easy

Switching is where we move everything across from your old bank account to your new Royal Bank current account, including your balance, bill payments, etc, within 7 working days.

We manage the whole process for you, and it's backed by an industry-wide guarantee to ensure the move goes smoothly. We do this using the Current Account Switch Service.

We can help you switch bank accounts within your application - to start, just choose the bank account that's right for you.

How does the switching process work?

Day 1 and 2

The Current Account Switch Service will contact your old bank and they confirm if the switch can go ahead.

Day 3

Your new account will then be set up and your payments, like your salary and bill payments will be moved across.
Asset 2

Day 6

We talk to your old bank about transferring your balance over.
Asset 4

Day 7

Your balance will then be transferred and your old account will be closed. And that’s your switch complete.

Frequently asked questions - Switching

During your application, you'll need to tell us the account number, sort code and debit card number of the bank account you want to switch to us. We then offer the following guarantee:

  • We’ll move all your existing payments going out (like standing orders and Direct Debits) and those coming in (like your salary), to your new account.
  • If your old account has an overdraft, we can move this across, subject to your individual circumstances. We will advise you whether we will be able to offer you an overdraft before progressing the switch application.
  • If you have any money in your old account, we’ll move it across to your new account too.
  • On the switch date, we’ll close your old account.
  • We’ll make sure any payments accidentally made to your old account after the switch date are redirected to your new account. We’ll also contact the sender and give them your new account details. 

During your application you can switch one current account from another provider to us, and the account must be solely in your name. If you’d like to switch more than one sole account, you can do this once your new account is open. You can’t switch a joint account into a sole account.

Before we start the switch, we’ll check that your old account is able to be switched using the Current Account Switch Service – 99% of UK current accounts are eligible to use the service. If your current account isn’t eligible, we can still organise the switch for you. It’ll just take a little longer.

Yes, we’ll automatically close your old account as part of the 7 day switching process. 

This happens so that any payments made to your old account will be automatically redirected to your new one. 

If your old account is overdrawn and the overdrawn amount is not paid off by the day the switch completes, we won’t be able to close the account but it will become inactive.

Yes – you can still use your old account right up to and including Day 6. This includes using your cards, digital banking and mobile banking. 

Don’t set up any new payments on your old account though, as we won’t be able to transfer those across.

To cancel your switch completely, you need to let us know at least 7 working days before your switch date. 

After that, only certain elements can be cancelled depending how far through the process we are. We’d guide you through the process though if you chose to do this.

We may be able to provide facilities to help you pay off any overdraft, subject to our normal lending criteria. If an arranged overdraft limit is agreed, this may not match that offered by your old bank. If this isn’t the case you must make separate arrangements to repay your old bank or building society what you owe.

Please be aware that if your old bank do receive any future credits, they may keep these to offset what you still owe them.

The £1,500 can be paid into your account as one payment or multiple smaller payments, but the total amount must be at least £1,500 before 2nd August 2019. We'll then pay £125 in to your account by the 30th August 2019.

The remaining £50 will then be paid in by 30th June 2020 as long as you have used your debit card for the account at least once a month.

Yes, the offer is available to new and existing customers. 

To be eligible you either need to switch in to your existing Royal Bank account or you can open a new account with us. 

You'll need to use the Current Account Switch Service to close your account held elsewhere and switch to your Royal Bank account. 

If you meet the conditions for this offer, we’ll pay £150 into your eligible current account by 10th May 2019.

Switcher offer terms Jan 19

I'm ready to switch

Great, thanks for choosing to switch your current account to us. Are you a…

The first step is to apply for a current account with us

To start your switch, browse our range of eligible accounts and when you are ready, start the online application. You'll be able to request the switch during the application.

To get the £175 switch and stay offer you must:

  • Switch into your existing Royal Bank account before the 28th June 2019. When you switch you'll need to agree to close your account held elsewhere.

Once the switch is complete you need to:

  • Pay in at least £1500 and log in to Digital or Mobile Banking by 2nd August and we'll credit your account with £125 by 30th August.
  • Use your debit card for the account at least once a month and we'll pay you £50 in June 2020.

We're sorry but if you've had cashback for switching to us since October 2017 you won't be eligible for this offer.

Take a look at the full offer Terms and Conditions

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Are you ready to continue?

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