Account nameSelect Account
Account fee£0
ATM withdrawal limit£300
Debit networkMastercard
Card typeCash / Debit
Minimum eligibility age18 Years
Minimum operating balance£0.01
Minimum opening balance£0.01
Direct debits
Current account switch guarantee
Cheque Book

National Westminster Bank (NatWest) was established in 1968, following the merger of National Provincial Bank and Westminster Bank. Since 2020, it has been part of the NatWest Group which includes Royal Bank of Scotland and Ulster Bank.

This review looks at the NatWest Select current account in detail.

What is the NatWest Select current account?

The NatWest Select current account is a straightforward bank account, letting you carry out everyday banking transactions with no monthly fee.

You can apply for an arranged overdraft on the account and you can manage it online, via the app, over the phone or in branch. The account can be opened on an individual or joint basis.

How does it work?

With the NatWest Select account, you’ll benefit from the following key features:

  • No monthly fee. There is no monthly maintenance fee to pay.
  • Multiple ways to pay. Choose to use Apple Pay or Google Pay or your contactless debit card.
  • Arranged overdraft available. Interest is charged at 39.49% EAR.
  • Access to the mobile banking app. Helping you to bank on the go, as well as pay in cheques securely, set budgets, view your credit score for free and split bills with friends.
  • Round Ups feature. When you pay with your debit card or contactless device, the amount will be rounded up to the nearest pound and the difference transferred to your NatWest savings account (app is required).

Who is it for?

This account is suitable for UK residents aged 18 or over. It could be a good option for those looking for an everyday bank account without the need to pay a monthly fee.

What are the benefits?

There’s no monthly maintenance fee to pay with the NatWest Select account, plus you’ll have access to a mobile app that can help you make payments on the move, help you save and enable you to check your credit score.

How to apply

You can apply for the NatWest Select account completely online. You’ll need to provide:

  • Details about yourself, including your name, address history and job
  • ID such as a UK passport, UK or EU/EEA driving licence or an EU/EEA national ID card
  • Proof of address (in some cases)

Is it safe?

Yes, NatWest is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. Eligible deposits will be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person (up to £170,000 for joint accounts).

Pros and cons of the NatWest Select account


  • No monthly fee
  • Access to mobile banking app to help you manage your finances
  • FSCS protection


  • Limited account features
  • Interest charged on overdrafts
  • No interest paid on balances

Our verdict

If you’re looking for a pretty basic, everyday bank account, the NatWest Select account could be a good choice. There’s no monthly fee to worry about and you’ll be able to easily bank on the move via the app.

However, if you’re looking for an account that offers more features and rewards, this won’t be the account for you and you’ll need to look elsewhere. Compare the best current accounts here.

Frequently asked questions

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