NatWest current accounts for September 2020

With NatWest, you can choose from a wide range of current accounts and get rewarded for paying your bills.

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NatWest
Just like most big banks, NatWest will reward you if use its current account as your main bank account, having your salary paid in it and setting up direct debits for your bills. Expensive as energy, council tax and so on come these days, a reward on your bills can make a good deal, even though it comes for a monthly fee.

NatWest also carries all the advantages of a big, established bank, such as security, customer service and a net of physical branches if you prefer to deal with your bank in person.

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Compare Natwest current accounts

Data indicated here is updated daily
Name Product Interest (AER) Arranged overdraft Key benefits Link Representative example
Reward
NatWest
0%
39.49% EAR variable
Earn 4 Rewards per month by making at a minimum of 2 direct debit payments of at least £2 each
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable. Account fee of £2 per month.
Foundation
NatWest
0%
N/A
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
Current account switch service guarantee badge
Select Account - with Control
NatWest
0%
39.49% EAR variable
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
Premier Reward
NatWest
0%
39.49% EAR variable
Earn 9 Rewards per month by making at a minimum of 2 direct debit payments of at least £4.50 each
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable. Account fee of £2 per month.
NatWest
0%
N/A
Choose 1 of the following offers - Amazon Prime Student, 1 year free membership and £10 Amazon.co.uk gift card or National Express Coachcard, valid for 4 years giving 1/3 off fares plus 15% off travel to events and festivals or tastecard, valid for 4 years giving 50% off food or 2 for 1 meals plus savings on entertainment.
View details
Current account switch service guarantee badge Account fee of £10 per month.
Select Account
NatWest
0%
39.49% EAR variable
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
Graduate
NatWest
0%
39.49% EAR variable
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
NatWest
0%
N/A
Choose 1 of the following offers - Amazon Prime Student, 1 year free membership and £10 Amazon.co.uk gift card or National Express Coachcard, valid for 4 years giving 1/3 off fares plus 15% off travel to events and festivals or tastecard, valid for 4 years giving 50% off food or 2 for 1 meals plus savings on entertainment.
View details
Current account switch service guarantee badge
Premier Select
NatWest
0%
19.49% EAR variable
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.49% EAR variable.
Adapt Current Account
NatWest
0.01%
N/A
N/A
View details
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Types of current accounts from NatWest

NatWest current accounts come with many different options and features, so you have good chances of finding something that suits your needs.

  • Reward and incentive accounts

    NatWest gives you cashback on your bills and travel insurance – but unlike many other big banks, it offers no initial switching incentive and has a monthly fee, so make sure you compare your options and get the best deal.

    Learn more about reward and incentive accounts

  • Premium accounts

    NatWest Premier accounts offer a series of benefits, including a subscription to The Times. However, Premium accounts are only available if you have a certain annual income or amount of savings, so you’ll have to check if you meet the criteria first.

    Learn more about premium current accounts

  • Student accounts

    NatWest’s student account offers a decent overdraft option up to £2,000, and you can also choose between an Amazon Prime membership, a National Express coachcard or a tastecard with discounts on your meals. However, if none of these perks appeals to you, you can check and compare our selection of student accounts.

    Learn more about student accounts

  • Children’s accounts

    With NatWest’s children account, children between 11 and 17 can manage their pocket money easily and safely. However, if your children are younger and you want them to get an early start at budgeting, you can compare the alternatives on our dedicated page – some accounts can be opened when they are as young as seven.

    Learn more about children’s accounts

The benefits of banking with NatWest

  • Perks. Different NatWest current accounts come with different perks, but in general, you have a good range of options to choose among, from cashback on bills to travel insurance.
  • Multiple ways to bank. With NatWest you can manage your account online 24/7, but you can also register to telephone banking or discuss your option in person at your local branch.
  • Mobile Banking App. These days, being able to access your account from your smartphone is a must. NatWest’s mobile app has a clean design and allows you to manage all your NatWest accounts in the same place – including the business ones.
  • Global acceptance. NatWest’s cards are all either Mastercard or Visa, so you won’t really have to worry about where you can use them and where you can’t.
  • Round the clock assistance. Got robbed of your card during your dream holiday in the Caribbean? No worries, if you need support, you can call NatWest’s customer service 24/7 and they’ll help you out.

Opening an account with NatWest

To open an account with NatWest, you’ll have to provide the following information:

  • Your personal details and address history
  • How much you expect to pay in each month
  • Your salary details and any assets you have
  • Your nationality/citizenship
  • Proof of identity (passport, driving license, EEA or Swiss national identity card)
  • Proof of address (utility bill, bank statement)

You can open a NatWest account online or by visiting a branch.

Why should I compare current accounts anyway?

We tend to think about current accounts as basic accounts – if they have no fee and do the job, then it’s fine. But for banks, they’re quite important, because they are one of the main channels through which they acquire new customers. So, competition is quite harsh – which means more perks and deals for customers.

Whether you’re interested in rewards and cashback or you just want to get the best possible switching deal, it’s worth browsing the market to find out what’s available and how you can make the most of your account.

What about digital banking?

If you’re looking for a somewhat simpler banking experience – less options and features, but a fee-free account that can be opened quickly and managed directly from your smartphone – a big bank may not be your best bet.

You’ve probably heard of Monzo and Starling, the digital banks that have been quickly building a large pool of customers by offering a new kind of banking experience. Head to our digital banking section to learn more.

Data indicated here is updated daily
Name Product Ratings Interest (AER) Arranged overdraft Key benefits Link Representative example
We say
★★★★★
You say
★★★★★
0%
39.9% EAR variable
£125 when you switch
Go to site
Current account switch service guarantee badge
Plus earn 2.75% AER / gross interest with the linked HSBC Regular Sever
To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months and must qualify for a minimum £1,000 arranged overdraft. To be eligible for the £125 switching offer, customers must switch from a non-HSBC Group current account product. Other T&Cs apply. Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 38.9% (0% EAR variable on first £25, 39.9% thereafter).
We say
★★★★★
You say
★★★★★
0%
15% EAR variable
Award-winning current account, apply in minutes
Go to site
Current account switch service guarantee badge
No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 15% EAR variable.
We say
★★★★★
You say
★★★★★
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
Current account switch service guarantee badge
Up to 15% cashback at a range of major retailers
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
We say
★★★★★
0%
N/A
Guaranteed acceptance plus a credit building feature
Go to site
Account fee of £5.95 per month.
We say
★★★★★
0%
N/A
Guaranteed acceptance
Go to site
Current account switch service guarantee badge
Earn cashback on your purchases when you shop through the ThinkMoney rewards portal
Account fee of £10 per month or £15 per month.
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Frequently asked questions

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