Royal Bank of Scotland (RBS) is offering a £200 bonus payment directly into customers' bank accounts for those who open a current account and complete a switch. The offer applies to new and existing customers who did not hold a Royal Bank current account on May 6, 2026.
How to Get the £200 Bonus
Customers must apply for a Select or Reward account and request a full switch from another bank using the Current Account Switch Service. The service transfers all funds and Direct Debits within seven working days, closing the old account.
Within 60 days of switching, customers must pay in £1,250, which can be made up of multiple payments and must remain in the account for at least 24 hours. After logging into the RBS mobile app, the £200 bonus will be credited within 30 days.
Eligibility and Exclusions
According to RBS: "This offer is available to new and existing customers who did not hold a Royal Bank current account on May 6, 2026." Customers who have previously received a cash switch offer from RBS, NatWest, or Ulster Bank are not eligible.
The Reward account offers additional benefits: "Earn £4 back in Rewards for paying 2 or more Direct Debits from your reward account - 2 of those Direct Debits need to be at least £2 each. All this for £2 a month."
Terms and conditions apply. Customers must be 18 or older, UK residents, and pay in £1,250 monthly to an eligible Royal Bank account.
