NatWest current accounts review

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.

Compare NatWest’s current accounts

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Name	Product	Ratings	Account fees	Funding requirement	Interest (AER)	Arranged overdraft	Incentive	Representative example	Link
Foundation		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	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		loading Fetching your data...
Select Account		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0%	39.49% EAR variable	£150 for accounts switched using the Current Account Switch Service by 5pm 7.4.22.	Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.	View details		loading Fetching your data...
Premier Select		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0%	19.49% EAR variable	£150 for accounts switched using the Current Account Switch Service by 5pm 7.4.22.	Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.49% EAR variable.	View details		loading Fetching your data...
Reward		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£2 per month	Min. £1250 Per Month	0%	39.49% EAR variable	£150 for accounts switched using the Current Account Switch Service by 5pm 7.4.22.	Representative 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.	View details		loading Fetching your data...
Premier Reward		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£2 per month	Min. £1250 Per Month	0%	39.49% EAR variable	£150 for accounts switched using the Current Account Switch Service by 5pm 7.4.22.	Representative 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.	View details		loading Fetching your data...
Adapt Current Account		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	1%	N/A			View details		loading Fetching your data...
Graduate		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	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.	Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.	View details		loading Fetching your data...
Student		Finder score ★★★★★ ★★★★★ User survey ★★★★★ ★★★★★	£0	No minimum funding requirement	0%	N/A	£50 cash reward and Tastecard, valid for 4 years giving 50% off food or 2 for 1 meals, plus offers on entertainment and shopping.		View details		loading Fetching your data...

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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

• Business accounts

  There are several business accounts to choose from with NatWest. The bank offers a straightforward business account for those that have been trading for over a year, a free mobile account for sole traders or limited companies with up to two owners, a start-up account for those trading for less than a year with a turnover of less than £1 million, and a community account for not-for-profit organisations.
  Learn more about business 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.
• Earn cashback through MyRewards. If you opt for a Reward current account, you’ll be able to earn cashback with selected NatWest partner brands or even just when you pay direct debits from your account and use the app regularly.

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. If NatWest’s current accounts are not for you, you can also compare other current accounts here.

Frequently asked questions

• Can I have two NatWest current accounts?

  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.

• Does NatWest pay interest on current accounts?

  Currently, none of NatWest’s current accounts offers interest.

• What are the NatWest current account terms and conditions?

  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.