Introducing the RBS incentivised switching scheme, a new initiative being launched as part of RBS commitment to reduce their market share and promote competition in the small and medium sized (SME) banking market.

This is as a result of the state aid announcement by the European Commission on 18th September 2017 in relation to the alternative to launching Williams & Glyn


The original plan to launching a stand-alone bank, Williams & Glyn, is now no longer going ahead.

Instead with the incentivised switching scheme, RBS will be paying into a fund for participating challenger banks to access.

Challenger banks will use this fund to incentivise eligible business customers to switch to them by providing special offers or monetary rewards.

RBS will fund participating banks to reward eligible Royal Bank of Scotland and NatWest business customers to switch their current accounts to them.

This scheme is available for SME business customers which were due to transfer to Williams & Glyn.


Below you’ll find brief answers to questions that are being asked about the RBS Incentivised Switching Scheme.

We’ll be updating this page regularly as more information becomes available.

If you don’t find the answer to your question, please give us a call.

We will be happy to help.


  • How do I find out if I’m eligible?

Small and medium enterprise (SME) customers, who were due to transfer to Williams & Glyn and have a turnover of £25 million or less at an individual company level, are eligible to participate in the RBS incentivised switching scheme.

  • When will the scheme launch?

Now that the alternative proposal has been approved by the European Commission (EC), RBS is working closely with various stakeholders on the detail of the incentivised switching scheme.

It is expected the scheme to launch in 2018.

  • Why is the scheme being launched?

The incentivised switching scheme is part of RBS commitment to the EC to reduce the market share and promote competition in the market for banking services to SME customers, as a result of the state financial support RBS received back in 2008 and 2009.

RBS will provide £275 million of funding for challenger banks to help them incentivise eligible customers to switch their business current accounts to them.

  • What challenger banks are being considered?

HM Treasury and the EC are working through the detail to agree eligible challenger banks that could participate in the scheme. We are unable to give further information at this stage, however, as soon as we can tell you more we will do so.

  • Who can I speak to for more information?

Give us a call. We will be happy to discuss your requirements

  • Interested in hearing more?

The incentivised switching scheme will be launching in 2018.

If you’re interested in finding out more, you can register your early interest with
The Aftersales Network now and be among the first to know.

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