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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NatWest current accounts come with many different options and features, so you have good chances of finding something that suits your needs.
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.
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.
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.
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.
To open an account with NatWest, you’ll have to provide the following information:
You can open a NatWest account online or by visiting a branch.
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.
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.
