Royal Bank of Scotland is offering a cash incentive to any new and existing customers who switch their main current account.

This offer is available until April 21, 2022, at 5pm.

New customers can apply to switch to a Select or Reward account, while existing customers can switch to the latter options or Reward Silver, Reward Platinum or Reward Black accounts.

And if you’re looking to save some money, Royal Bank can help with the launch of a new feature called Round Ups.

Every time you spend on your debit card it is rounded up to the nearest pound and the change is put into your savings account.

On average customers could have an extra £120 in savings over a year. You can activate this in your banking app.

The Reward account gives customers £4 per month for two Direct Debits and an additional £1 for logging onto online banking. With a monthly fee of £2, this equates to an additional £36 per year for customers.

You can also benefit from regular retailer cashback offers.

The Select account has no monthly fee and is rated five stars, the highest rating possible from Defaqto.

Allan Hardie of the Royal Bank of Scotland said: “We are welcoming new customers with our latest incentive so they too can benefit from our award-winning mobile app and Digital Regular Saver account paying 3% interest which is now even easier to save into using our Round Ups feature.”

How to get the RBS switcher offer

An account can be opened on the Royal Bank of Scotland website or by downloading the RBS mobile app.

To get the switcher offer, you must use the Current Account Switch Service, close their existing account and transfer their main current account to Royal Bank by 5pm April 21, 2022.

Customers must pay in £1250 to the account and log into online or mobile banking through the Royal Bank mobile app before May 26, 2022.

There is no requirement for customers to qualify for an overdraft to be eligible for the offer.

After all these conditions are met, £150 will be credited to the account by June 24, 2022.

Customers must be 18 or over and have not received a switcher offer from the NatWest Group for opening a new current account and switching after October 2017.