NatWest current accounts for January 2021
With NatWest, you can choose from a wide range of current accounts and get rewarded for paying your bills.

We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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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.
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.
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.
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.
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.
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.
Our verdict
NatWest doesn’t include switching incentives or interest with its current accounts, but it does offer unique rewards such as cashback on bills. Have a closer look at the rewards that are available and decide whether these are likely to be more beneficial than more traditional benefits.
Frequently asked questions
Yes! There isn’t a limit to the number of accounts you can open. Remember though to check out competition, and be wary of opening multiple accounts just to use features like overdrafts.
Currently, none of NatWest’s current accounts offers interest.
You can find the terms and conditions on NatWest’s website – pick your current account and you’ll be able to download them before beginning the application process.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
Valentina Cipriani is a writer at Finder UK. She writes news, features and guides about banking and credit cards, helping people to improve their financial lives. She holds an MA in International Journalism and loves taking complicated topics apart and giving them back to the readers in a clear and easy fashion.
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