NatWest current accounts for December 2019

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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Updated December 14th, 2019
Name Product Account fee Arranged overdraft Interest (AER) Representative example Incentive
Premier Reward
Premier Reward
£2 per month
19.89% EAR variable plus£0 per month on the first £10 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month plus an account fee of £2 per month.
Earn 2% Rewards on selected household direct debits including, council tax, gas, electricity, water, phones, TV and broadband which can be converted to cashback, trade up vouchers or donated to charity. Must access online or mobile banking once every 3 months to qualify. Earn at least 1% Rewards on qualifying purchases at selected retailers which can be converted to cashback, trade up vouchers or donated to charity. Must access online or mobile banking once every 3 months to qualify.
Premier Select
Premier Select
£0
19.89% EAR variable plus£0 per month on the first £10 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month.
Reward
Reward
£2 per month
19.89% EAR variable plus£0 per month on the first £10 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month plus an account fee of £2 per month.
Earn 2% Rewards on selected household direct debits including, council tax, gas, electricity, water, phones, TV and broadband which can be converted to cashback, trade up vouchers or donated to charity. Must access online or mobile banking once every 3 months to qualify. Earn at least 1% Rewards on qualifying purchases at selected retailers which can be converted to cashback, trade up vouchers or donated to charity. Must access online or mobile banking once every 3 months to qualify.
Reward Silver
Reward Silver
£10 per month
19.89% EAR variable plus£0 per month on the first £10 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month plus an account fee of £10 per month.
Free. Covers account holder. Includes winter sports. Available on trips up to 22 days. Includes baggage, delay and cancellation cover. Age extension fee for over 70’s of £75. Preferential rates on foreign currency, can be delivered to residence (or local branch) at no extra cost.
Select Account - with Control
Select Account - with Control
£0
19.89% EAR variable plus£0 per month on the first £10 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month.
Premier Reward Black
Premier Reward Black
£31 per month
14.89% EAR variable plus£0 per month on the first £500 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 14.89% EAR variable plus an arranged overdraft usage fee of £6 per month plus an account fee of £31 per month.
Unlimited access to over 1,000 lounges worldwide provided by DragonPass. Pre-book for £5 per person, additional guest passes £20 per person. Preferential rates on foreign currency, can be delivered to residence (or local branch) at no extra cost. Discount of up to 10% on bookings made through Black Travel Service. Free. Covers account holder and family. Includes winter sports. Available on trips up to 90 days (31 days for winter sports). Includes baggage, delay and cancellation cover. Age extension fee for over 70’s of £75.
Select Account
Select Account
£0
19.89% EAR variable plus£0 per month on the first £10 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month.
Reward Platinum
Reward Platinum
£20 per month
19.89% EAR variable plus£0 per month on the first £250 and £6 per month thereafter
0%
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.89% EAR variable plus an arranged overdraft usage fee of £6 per month plus an account fee of £20 per month.
Preferential rates on foreign currency, can be delivered to residence (or local branch) at no extra cost. 10% off selected package holidays, airport hotels, airport parking, lounge passes, attraction tickets & car hire and 5% off selected cruise holidays when using the Platinum Travel Service. Free worldwide cover includes account holder, partner and dependent children. Includes winter sports. On trips up to 31 days. Includes baggage, delay and cancellation cover. Age extension fee for over 70’s of £75.

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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.

Updated December 14th, 2019
Name Product UK ATM withdrawals Foreign ATM withdrawals Ratings
N26
N26
Free
1.7% of amount drawn
We say
★★★★★
You say
★★★★★
App-based bank account that can be used on the go in any EU country. All about the ease of sending and saving money.
Revolut (Standard)
£200 free monthly
£200 free monthly
We say
★★★★★
You say
★★★★★
App-based current account with loads of extra features. (e.g. Real time transactions, payment categorisation, save spare change, free international money transfers, buy cryptocurrency)
Starling Bank
Free
Free
We say
★★★★★
You say
★★★★★
Everything you get from a current account, but with new features for mobile living. (E.g. Goals for saving, spending catgorisation, interest on your balances)
Monese (Starter)
£200 free monthly
£200 free monthly
We say
★★★★★
You say
★★★★★
A multi-currency mobile banking app that aims to be ‘built around you’. Use it to open a fully functional current account instantly, straight from your phone, all supported by a feature-rich mobile app
Monzo
Free
£200 free monthly
We say
★★★★★
You say
★★★★★
Monzo is free to spend anywhere in the world and in any currency, with no fees. All money is exchanged using the MasterCard rate.
bunq
Free
Free (up to 10 withdrawals monthly)

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