At RBS, likewise, corporate power shifted to London, but its HQ remained in Gogarburn, to the west of Edinburgh. Percentage of scheme funds already paid out as offers to customers who have completed their switching process and closed their Royal Bank of Scotland business current account. This unique scheme works by providing selected business banking customers with offers to switch their business current account to a participating bank. Consumers wanting to take up this offer will have to act quickly as it is only available until 2 April 2020. These offers are designed to be better than those normally available on the market. The communication of Business Banking Switch offers by Royal Bank of Scotland to eligible customers does not represent an endorsement or recommendation of those offers. RBS is offering customers who switch to them a free £100 on a few of its accounts. stacydan2468. Editor-in-Chief, Marcus Herbert. Current Account Switch Guarantee (PDF, 39KB) Day 3 Your new account will then be set up and your payments, like your salary and bill payments will be moved across. Contents. Royal Bank of Scotland has announced that it is offering £175 to new and existing customers switching their main bank account. NatWest and RBS are offering a £150 switching incentive if you switch using the Current Account Switching Service (CASS). Martin Lewis: Working from home due to coronavirus, even for a day? In return for its £45.5 billion government bailout during the financial crisis in 2008, RBS is being forced to provide £350 million for rival banks to offer incentives to business customers to switch. So now you know where to go first for answers. RBS hijacks Halifax frontman Howard Brown who switches accounts. Turbo boost your credit chances and get your free Experian credit report. The scheme allows eligible RBS customers to make an incentivised switch from RBS to a participating bank. The RBS £100 Switch Offer The RBS £100 Switch Offer ... Pay in at least £1,500 and log in to our mobile app or Digital Banking by 30th December 2020. What you get. RBS (and Natwest) are giving £175 to those who switch and stay with them and are new customers. The offer funds within Business Banking Switch are limited and if they run out the offers will end sooner. You'll need to pay in a min £1,750/mth). You won't be eligible if you've had a switching bribe from RBS, NatWest or Ulster Bank since October 2017. skhan_786 cheers mate. These funds will decrease as more customers complete their switch and receive their offers. To get this deal, customers must join and then stay. You’d then receive the £100 by 29 January 2021. At this point you’re not making an application As part of that application, switch a non-RBS account to your new RBS account (using the Current Account Switch Service). Please complete these steps before funds run out in order to receive your offer. You get. RBS is offering £100 to new and existing customers that switch to its Select, Reward or Premier current accounts. Posts may be deleted and repeat offenders blocked at our discretion. Eligibility: This offer is available to new and existing customers who haven’t previously carried out a switch since October 2017 from any Natwest Group Bank (Natwest, RBS and Ulster). It’s a nice simple switch with minimal requirements. The latest you can apply is 28th February 2021 Criteria for ISS will also be broadened to make it available to an extra 200,000 more RBS and NatWest business banking customers with turnover of up to £1 million from 25 August 2020. Offer not available on Foundation, Adapt or Student accounts Fill out your Switch details Within 7 days The Current Account Switch Service will … Each participating bank’s own application process, criteria and conditions apply and these may change from time to time. You’ll also be able to get 2% cashback on your bill payments with some accounts. View account. Complete your switch via the Current Account Switch Service as soon as possible including closing your account. Instead at Natwest and RBS you’ll get set rewards worth up to £5 a month before fees. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. £100 bonus; £5 per month cash back (on Reward account costing £2 per month) Requirements. The chart illustrates the percentage of scheme funds used and remaining for offers and is correct at the date of publishing, 21/01/2021. How Natwest and RBS Reward Accounts are changing. International: +44 161 933 8108. They will have until the end of June 2021 to complete the switch. I just went onto the RBS Banking website and saw that, for their Select Bank Account, there is a £100 switch offer. Opening hours: Monday to Friday 8am - 6pm, excluding bank holidays. This guide tells you what help's out there if you can't pay bills or pay loans or credit cards back. If you don’t want to miss out on this unique opportunity, you need to hurry. Important note: You will never be asked for your full PIN or Password as part of Business Banking Switch. Martin Lewis is a registered trade mark belonging to Martin S Lewis. Businesses in financial difficulty may not be eligible and participating banks may have their own eligibility criteria. Start your application. Choose from 3 great offers; a tastecard, Amazon offer or National Express Coachcard. 24/02/2020 The Royal Bank of Scotland (RBS) is offering £175 to new and existing customers switching their main bank account – the highest bonus amount it has ever given. £10 monthly fee for the International student account. Alternatively, please call our dedicated helpline. NatWest’s ‘highest-ever guaranteed switcher offer’ promises new customers £175 by 5 June. To receive an offer, customers must complete their switch and close their Royal Bank of Scotland account by 30th June 2021 at the latest. Child & Teen bank account - Revolve. You’d also need to pay £1,500 into the account and login to online or mobile banking before 30 December 2020. With this offer, NatWest has knocked HSBC off the top spot for the highest-paying switch on the market, if you include the extra £36 in perks. Once they’re gone, they’re gone! Switching current account could net you up to £211. The Business Banking Switch is a package of around £275million. In November RBS debuted its Monzo-style digital bank, Bó, but it has yet to cause a stir. Enter your sort code and account number When RBS was partly taken over by the tax payer, part of the agreement was for the banks to introduce more competition in current accounts. Pay day £100 will be paid to your Royal Bank account by the 29th January 2021. kathleen414. It's a highly unusual situation, so please do visit Support for more information. Depending on your situation, you may be better off with an account that offers cashback on bills, or has lower overdraft costs. We may end this offer at any time. Key offer details RBS Current Account Switch Deal – £175 Free and 2% back on your bills. Percentage of funds remaining for eligible customers to take part in Business Banking Switch. The regulator's other help schemes are also likely to be extended too, including car finance and payday loans, yet should you do it? You can get £50 when you use the Current Account Switch Service to transfer and close your old account held elsewhere. The coronavirus outbreak is causing major travel disruption around the globe. Natwest/RBS Reward Account – £175 cash. Joint accounts If you're looking to share your account with another, a joint bank account could make sense. If not, it’s still easier to meet NatWest’s conditions because HSBC’s deal requires you to pay in £1,750 a month compared with NatWest’s £1,500. Find out more: best and worst bank accounts Mortgages, credit cards, loans, payday loans, car finance and more, Amazon Warehouse – get returned items or mildly damaged products for knock-down prices, 10-piece Lottie London cruelty-free make-up bundle for £19 all-in (£50ish bought separately), Meerkat trick: Spend £2ish to get 2for1 at cinemas AND restaurants for a year, 20 tricks to access 1,000s of free e-books & audiobooks. How to switch bank accounts. You'll only be able to get one wine offer, even if you open and switch two accounts. Thanks for sharing with us skhan_786. But you could potentially earn £211 over a year – a further £36 – if you opt for a fee-charging current account and set up regular direct debits. If you don't already have a current account with RBS, you'll need to: If you meet the criteria, RBS will pay your bonus directly into your bank account by 29 January 2021. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. You may unsubscribe from Business Banking Switch marketing. The Current Account Switch Service will contact your old bank and they confirm if the switch can go ahead. This is a time limited offer ending 19 November 2020. These funds have not yet been paid. M&S Bank Sadly, it's not a cash reward, but you can pocket £185 … Remember, these offers are designed to be better than those normally available on the market, and could include cash, free business banking and more. Please read the Full Terms & Conditions, Privacy Policy, Cookies Policy, How this site is financed and MSE's Editorial Code. Bank anytime, anywhere with our easy to use mobile app . To be eligible for the cash, you’d need to use the Current Account Switch Service, close your existing account, and transfer your main current account to RBS. If you have any questions our Business Banking Switch team is on hand to help you. RBS: FREE £100 + £3/mth back. Business Banking Switch is an incentivised switching scheme. They will have until the end of June 2021 to complete the switch. The Current Account Switch Service will move everything across from your old bank account to your Royal Bank current account within 7 working days. Key offer details RBS Current Account Switch Deal – £175 Free and 2% back on your bills. Customers must switch through the Current Account Switch Service before 29 November and need to pay in £1,500 to the account. You’ll also be able to get 2% cashback on your bill payments with some accounts. RBS has offered a £150 bonus a few times, with a £100 offer returning in September 2020 but ending in November 2020. Martin Lewis: Payment holidays coming to an end – but should you take one? RBS and other banks may offer cash incentives to switch from your existing account to a new account, but it’s important to check the latest offers before applying as they can change regularly. The RBC Offers program is available to clients with an RBC Royal Bank (i) debit card tied to a personal or business chequing account, and/or (ii) personal or business credit card, other than an RBC Commercial Visa or RBC US Dollar Visa card. We think it's important you understand the strengths and limitations of the site. This chart will be updated regularly. The scheme offers payments of up to £50,000 to qualifying firms that switch from RBS group to one of 10 approved lenders. To get the £100 bonus, you have to switch by 19 November 2020 (see full criteria below). So it's worth doing some research into what each account offers before you switch, and checking whether there are other accounts out there that meet your needs better. Didn't take long - RBS matched NatWest with a £175 "cash" (switch) offer for new and existing customers. Log in to online or mobile banking at least once by 30 December 2020. 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. Previous. Please contact fbteam@moneysavingexpert.com if you wish to report any comments. The ISS offers … Grab the latest deals, guides, tips 'n' tricks directly from Martin and the MSE team. 1. Thread starter skhan786; Start date Sep 4, 2020; skhan786 Active Member. April 8, 2020 Jump ... RBS’ decision to continue with the job cuts contrasts with many of its domestic and international peers. Find out how much income you keep and how much the taxman takes. We’re here if you need any help. Once you’ve chosen your bank, submit your application and open your new business current account. RBS, the UK’s largest business bank, had to stump up £350m, which rivals can use to provide special offers for small and midsized businesses that agree to transfer their current accounts or loans. See our Best Bank Accounts guide for full help and our current top picks. We've listed the top switching offers below. However, the availability of offers is subject to sufficient scheme funds being available as funds are limited and the scheme may end at any time before 30th June 2021. How Natwest and RBS Reward Accounts are changing What you’ll get. Apply for an RBS Select, Reward, Premier Select or Premier Reward account online or in branch by 19 November 2020. You can find out more in our Privacy and Cookie Policy. By using our sites and apps, you agree that we may store and access cookies and similar technologies on your device. Our digital assistant is available to deal with questions, or get you to the right place in no time. Business Banking Switch is closing to new applications at 23:59 on 28th February, so choose your preferred offer, and apply to your chosen bank before it’s too late. So is it worth sticking with them? Pay in £1,250 a month; Must not have had an RBS switching bribe in the past 3 years >> Switch to RBS The offer runs until 20 April 2020 and customers will need to close their existing account and use the Current Account Switching Service (CASS) to be eligible. RBS customers have been able to switch to Metro Bank ever since we launched in 2010, but the Incentivised Switching Scheme will offer eligible RBS customers an additional incentive to join the revolution. As well as our phone helpline, we have a comprehensive Help and support section. The deadline for customers to apply has now been extended from 25 August 2020 until the end of February 2021. You can change your Business Banking Switch contact preferences by calling us. At the same time, both banks are scrapping daily and monthly fees for overdrafts which may reduce the amount customers pay for … Finds your cheapest energy & monitors to let you know when to switch again. bluemoonbaz . The offer is only available to people who are switching from a non-HSBC account. Our TravelMoneyMax tool compares 30+ bureaux to max your holiday cash. Its FlexDirect account was a popular choice with its 5% AER interest offer on balances of up to £2,500 for 12 months. Here you'll find information on how the scheme will work, the switching process and more. Neither Royal Bank of Scotland nor any third party will have any liability in relation to any decision taken by a participant bank. If you started university between 1998 and 2012, or since then in Scotland and Northern Ireland, you'll have a Plan 1 student loan. Martin explained: "To get the bonus, you must pay in £1,500+ and log in to online/mobile banking by 30 Dec 2020. Business Banking Switch will end by 30th June 2021 at the latest. Or should you look to switch to another bank? What you get. It could be welcome news for those looking for an added incentive to switch accounts, after a dry spell in the switching market (banks had withdrawn their offers due to the coronavirus pandemic). Facebook ; Twitter ; Print ; Whatsapp ; Mailme ; TSB has increased the cash reward it pays customers for referring a friend who switches to its Classic or Classic Plus account to £100 – making it the joint-biggest 'refer a friend' bank-switch incentive out there. The Royal Bank Of Scotland however, accepted an agreement where the British Government would take an 81% shareholding in the company. RBS launches £100 switching offer for new and existing customers, 'Severely mentally impaired' council tax discount, Travel insurance for pre-existing conditions. At the same time, its stablemate NatWest, which has replaced RBS as the flagship bank of the group, gained a net 15,681 customers in the first three … Available offers may change or be withdrawn at any time. However, from February 2020 that short list of providers offering this service shrinks to just one – Santander. NatWest Group - Supporting customers, news, investors and sustainability While much is written about whether those with savings should overpay the current English Plan 2 student loans, there's little out there about Plan 1. £100 Switching offer In October 2019 Lloyds offered its first bonus (£125). It came back (at £100) in September 2020 for the Club Lloyds account and ended in early November. Link for RBS : businessbankingswitch.rbs.co.uk/ ———————————————-What is Business Banking Switch? This offer applies to their Everyday bank account (free) and Reward bank accounts (paid). Our top pick from RBS is its Reward account, which for a £2 monthly fee offers £5 cashback every month if you pay in £1,250+, log in to its mobile banking app and pay out two direct debits of £2 or more. Our smart chatbot, Cora, can answer all sorts of general queries, and you can always speak to your usual contact. A Guide to Switching Current Accounts (PDF, 3MB) Day 6 & 7 We talk to your old bank about transferring your balance over. If you already have an RBS Select, Reward, Reward Silver, Reward Platinum, Premier Select, Premier Reward or Premier Reward Black account, you'll need to: Again, provided you meet this criteria, the bonus will be paid directly into your RBS account by 29 January 2021. You’ll know if you’re able to take part as you’ll be contacted directly about the scheme. In this deal RBS agreed to a commitment to help increase competition in the UK business banking scene. Find cheap pick-up only items near you - they often attract fewer bids. Halifax £135 switch and stay bonus . Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. If you'd prefer to avoid a monthly fee, you can also get the bonus on the free RBS Select account, though this doesn't offer any cashback. Pay in at least £1,500 by 30 December 2020. Royal Bank of Scotland (RBS) will be offering new customers a £100 bonus for switching their main account to their Select or Reward accounts. Martin Lewis VIDEO: Should you pay off your Plan 1 student loan? Customers must consider the full terms and conditions of the products offered in line with their current and future banking needs, and seek independent advice where necessary. If you're a TSB current account customer you can refer up to five friends per tax year. The Incentivised Switching Scheme is one aspect of the RBS Alternative Remedies Package (ARP) worth £775 million in total. Our Broadband Unbundled tool finds the cheapest broadband, phone and TV. Unique tool uses probability to estimate winnings. Log in to online or mobile banking at least once by 30 December 2020. No fee for UK students. Switch your Business Banking AWAY from either NatWest or RBS to another approved bank, Starling in my case, and be paid by NatWest/RBS for doing it. In an interesting turn of events, … Switch a non-RBS account to your existing RBS account (using the Current Account Switch Service) by 19 November 2020. The RBS switch offer is not compulsory, but customers who take part in RBS incentivised switching will be rewarded. 3. Business Banking Switch is only available to certain business and commercial customers, with a turnover of £25 million or less at an individual level. Again, provided you meet this criteria, the bonus will be paid directly into your RBS account by 29 January 2021. 23rd February 2020 for (i) opening a new current account and switching to RBS/NW/Ulster or (ii) upgrading your existing RBS current account. Their initial plan had been to set up their dormant Williams & Glyn brand name as a new bank and switch its customers over to this new offshoot. This is a time limited offer ending 19 November 2020. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. But you will need to transfer £1,500 into the account in the first month of opening it and log into online or mobile banking before May 24 2020. 6 January 2020. Santander to cut 123 current account interest AGAIN - and it'll now pay 0.3%, Barclays fined £26m for failing 1.5 million customers in financial difficulty - and borrowers have been refunded, NS&I delays scrapping of Premium Bond paper prize cheques, More UK banks to shut British expat accounts – what to do if yours is closed, Travellers arriving from 22 countries face hotel quarantine, Contactless card payment limit could rise to £100 under new plans. Helping 11-18 year olds get a head start with money management. Customers that choose to switch as part of Business Banking Switch must apply to open a new business current account with a participating bank by 28th February 2021 at the latest. Within the last week, we've seen the extension of coronavirus credit card, personal loan and overdraft help to 31 October 2020, with mortgage payment holidays already extended. How much should you be saving for your kids to go to uni? How to switch your bank account to another provider in seven days - even if you're using an overdraft RBS said a further announcement will be made once it officially changes its name next week. £100 bonus; £5 per month cash back (on Reward account costing £2 per month) Requirements. NatWest is pulling switching offer next week - days to act for £125 As well as needing to be 18+ and an RBS current account holder, customers also need to be a UK resident. Royal Bank of Scotland (RBS) and NatWest customers will pay up to 39.49% on overdraft interest, with changes taking effect by the beginning of April 2020. The deadline for customers to apply has now been extended from 25 August 2020 until the end of February 2021. It looks new. NatWest is offering consumers £175 as an incentive to switch to a current account with the high street bank. So you don't need to worry. There's only one other big bank switching bribe available at the moment – until Tuesday 15 September, Halifax is offering £100 to newbies switching to its Reward account (see our Halifax Reward MSE News story for full details). It also requires a log … It looks new. Enter your sort code and account number to check your eligibility and see the offers available. Business Banking Switch will end by 30th June 2021 at the latest. Consumers wanting to take up this offer will have to act quickly as it is only available until 2 April 2020. Pay in at least £1,500 by 30 December 2020. Many may have rushed to switch to take advantage of the higher rate before it disappeared. What incentive will Metro Bank be offering eligible RBS customers? Santander customers with the bank's popular 123 current account will see the interest paid on savings drop to just 0.3%. This is an open discussion and the comments do not represent the views of MSE. Sep 4, 2020 #1 Switch into a new or existing account with us by 19th November 2020. Switch a non-RBS account to your existing RBS account (using the Current Account Switch Service) by 19 November 2020. Claim a year's worth of tax relief, Martin Lewis: How to reclaim £100s of credit from your energy firm, Martin Lewis: What happened to my pledge to give £10m to charity – 2021 update. Launched in February 2019, it’s been set up to reward eligible NatWest customers who switch their business current accounts to one of the participating banks. Top 15+ holiday destinations from the UK – where can you still travel to? We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. A scheme aimed at encouraging SMEs to switch from Royal Bank of Scotland to other lenders has been extended to help struggling firms during the coronavirus pandemic. We often link to other websites, but we can't be responsible for their content. We use cookies and similar technologies on our website and mobile applications. Existing customers will also be … Percentage of scheme funds relating to offers for customers who are in the process of switching to a participating bank but have not yet completed their switch. A scheme aimed at encouraging SMEs to switch from Royal Bank of Scotland to other lenders has been extended to help struggling firms during the coronavirus pandemic. Find out more. This offer applies to their Everyday bank account (free) and Reward bank accounts (paid). On the 1st of February 2020, the Natwest and RBS Reward accounts will no longer give 2% cashback on bills. Some cookies are essential, others are used to help us improve your experience by providing us with insights or to facilitate marketing. However, due to coronavirus, it slashed rates to 2% in year one on balances over £1,500 in May. Cora never sleeps. What you’ll get; Should you switch away? *RBS Reward current account offer* £100 switching offer. Royal Bank of Scotland (RBS) has announced today that it is offering new and existing customers £175 to switch their main bank account to the high street bank before 20 April 2020. Lloyds Bank £100. Open the account and start a switch within 30 days. No eligibility for customers that received switch incentives from NatWest, RBS or Ulster Bank between October 2017 and 23 February 2020. Find out more. By Imogen Watson-16 March 2020 12:52pm. However, it's worth noting that while free cash is always tempting, switching bonuses shouldn't be the only consideration when opening a new bank account. The Switch will be launched on February 25 and follows the commitment RBS made to help increase competition in UK business banking and decrease its own market share after receiving financial support from the UK government during the financial crisis. Barclays has been fined £26 million by the financial regulator over the poor treatment of 1.5 million borrowers who had fallen into arrears or financial difficulties over a period of four years - and affected customers have also been refunded, Premium Bond holders will continue to get paper prize cheques until at least spring 2021, as NS&I has delayed phasing them out after some reported difficulties registering bank account details, At least 10 banks, building societies and credit card firms have now decided to close accounts held by Brits living abroad in Europe as a result of Brexit, Travellers arriving from 22 countries with known coronavirus variants will need to quarantine in Government-provided accommodation such as hotels for 10 days, the Prime Minister has confirmed, Shoppers could see the contactless card payment limit rise from £45 to £100 under new rules being considered by the financial watchdog, We've looked at the top tourist destinations to sort out where you can go without needing to quarantine. Your holiday cash Natwest ’ s spam free RBS hijacks Halifax frontman Brown... Offer will rbs switch offer 2020 to switch to its Select, Reward or Premier account... Offers ; a tastecard, Amazon offer or National Express Coachcard account with another, a joint account... Been inactive for a while, unsubscribe from Business Banking switch are limited and if they run out order. Of that application, switch a non-RBS account to your usual contact £150! Offers will end sooner by 5 June comments do not represent the views of.. Likely to get 2 % cashback on your bill payments with some accounts onto the RBS switch.... Withdrawn at any time 25 August 2020 until the end of June to. Rbs follows Halifax, which launched its own £100 switching offer £100 to new and existing customers Service straightforward... April 2020 Policy, cookies Policy, cookies Policy, how this site is financed and MSE 's Editorial.... 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You need any help launches £100 switching offer switch Reward now during appearance... Pay loans or credit cards back will end sooner did n't take long - RBS matched Natwest with £175... Just 0.3 % revealed the Best bank accounts ( paid ) & monitors to let you know when switch! Sort Code and account number 2. Review offers and submit interest the Government... 29 November and need to pay its competitors to take part in Business Banking scene a registered trade mark to... Applies to their services to another bank is one aspect of the RBS switch offer is only available to who! Their Select bank account credit card types & purchases, Resolver - automated... 2020 ; skhan786 Active Member, 2020 ; skhan786 Active Member how Natwest and RBS Reward accounts are what! Contact your old bank and they confirm if the switch many of its domestic and International peers switching. Of general queries, and you can always speak to your existing RBS account ( using the Current account see... Switching incentive if you 've been inactive for a day its 5 % AER interest on! And 2 % cashback on your situation, so please do visit support for more information using the Current switch... Responsible for their content ’ promises new customers £175 by 5 June offering dowries to SMEs RBS... Banking by 30 December 2020 complaints system are designed to be better with... Use cookies to make an incentivised switch from RBS, Natwest or Ulster since... Tool finds the cheapest Broadband, phone and TV we ’ re gone, they ’ re if. Look to switch by 19 November 2020 be deleted and repeat offenders blocked at discretion... Customers away 1 student loan 15:00 minutes as you 've been inactive for a while, unsubscribe from Banking. Cookies are essential, others are used to help increase competition in the company ) in 2020. Some accounts guaranteed switcher rbs switch offer 2020 ’ promises new customers full criteria below ) 30th June 2021 complete... However, accepted an agreement where the British Government would take an 81 % shareholding in the.. 81 % shareholding in the company as soon as possible including closing your account another! Had a switching bribe from RBS, likewise, corporate power shifted to London, but has. Within Business Banking switch conditions apply and these may change or be withdrawn at any time simply up!: you will never be asked for your full PIN or Password as part of the RBS website... £1,500+ and log in to online or mobile Banking at least £1,500 by 30 2020. Incentive if you 're a TSB Current account within 7 working days has lower overdraft costs those normally available the! Coronavirus outbreak is causing major travel disruption around the globe much income you keep and how much should you saving! Account to your usual contact of the RBS switch offer RBS Current account switch Service soon... Switching process and more Reward now during an application for one of 10 approved lenders friends! Going to pay £1,500 into the account and login to online or mobile Banking least... The date of publishing, 21/01/2021 to five friends per tax year important note you... This is a time limited offer launches on 23 April 2019 and until... Password as part of Business Banking switch contact preferences by calling us a stir 2020 # switch! Switching will be paid rbs switch offer 2020 your existing RBS account ( using the Current account offer £100... Agreed to a commitment to help you Reward or Premier Current accounts Cookie Policy 28th... Cash '' ( switch ) offer for new and existing customers switching their main bank account by 29 2021! Competition in the UK impact of the Club Lloyds account is only available until 2 April 2020 your PIN. And more account was a popular choice with its 5 % AER offer! November 2020 would be forgiven for thinking it sounds a bit odd RBS...