Current Plus account
A flexible current account for day-to-day banking
An overdraft and chequebook (subject to eligibility) - with no monthly subscription charges.
Day-to-Day
- Free day-to-day banking without subscription charges
- Overdraft available subject to eligibility, giving your finances some breathing space
- Chequebook available subject to eligibility; handy when cash or cards aren't convenient
- Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines
Ways to bank
- Around 1650 branches make it easy to stay close to your finances
- Online banking makes it easy to stay on top of your current account, any time of day or night
- Telephone banking with UK call centres, open for you 24 hours a day
- Free mobile phone banking - until December 2008, then pay a monthly fee to get mini statements, weekly balances and more sent to your mobile. More on mobile phone banking
Payments and withdrawals
- Payments made easy with your debit card
- Withdraw your money at almost every UK cash machine
- Overseas cash wherever you see the Maestro logo. You can also use your card to pay for goods in overseas shops
Extras
- Mobile phone top-ups at NatWest cash machines
- Upgrade your account so you can add extra benefits like mobile phone cover or car breakdown cover with Advantage Blue - or annual worldwide travel cover for the family with Advantage Gold
This page provides a summary of the rates and charges that apply to NatWest current accounts.
Full copies of the fees and interest rates, and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
You may need Adobe Reader to view some of these documents. Get Adobe Reader. Visit access.adobe.com.
We also have a separate page providing an update on unarranged overdraft charges.
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
Annual Equivalent Rate (AER) . This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Effective Annual Rate of Interest (EAR) . This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
Gross Rate . This means the interest rate you are paid before the deduction of income tax.
Net Rate . This means the interest rate you are paid after the deduction of income tax.
Nominal Rate . The rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
p.a. per annum (per year).
Interest we pay you
The annual rates of interest paid on credit balances:
| Type of current account | Amount | Gross Rate % | Net Rate % | AER % |
|---|---|---|---|---|
| Current Plus | Any amount | 0.10 | 0.08 | 0.10 |
Calculation and application of interest.
Interest is calculated on a daily basis and paid into your account once a month, usually the day after we issue your statement. The exception to this is our Cash Account, where interest is paid within the first eight days of each month.
Interest due on overdrawn balances
1. Arranged overdrafts
If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any interest.
If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest at the rates shown in the tables below on the overdrawn balance - even the part of the balance which is within any interest free threshold that applies to your account. However, we will not charge interest on any part of the overdrawn balance which represents fees, charges or costs of the kind described in section 6 of our leaflet: Personal and Private Banking - A Guide to Fees and Interest (PDF File 114KB) under the heading Sums which do not bear interest.
If you have arranged an overdraft facility with us in advance under which you pay interest at a rate other than the rates shown in the tables below, the interest free thresholds shown below will not apply to your account.
Interest free thresholds
| Type of current account | Interest free threshold |
|---|---|
| Current Plus | £100 |
Current rates
The following rates are effective from 28 April 2008
| Type of account | Nominal monthly rate % | Nominal annual rate % | EAR % variable |
|---|---|---|---|
| Current Account, Current Plus and Private Bank Account Credit Zone Overdrafts | |||
| All amounts | 1.48 | 17.73 | 19.24 |
| 19.24% EAR Typical (variable) | |||
Credit Zone isn't available on Step or NatWest Adapt accounts.
We'll arrange a Credit Zone Overdraft, depending on your circumstances.
Your overdraft may be subject to an arrangement fee. Our unarranged borrowing rate and fees will apply if you borrow over your arranged limit. Please see the 'Charges' section below for details.
Previous rates
The following rates were effective from 02 January 2007
| Type of account | Previous nominal monthly rate % | Previous nominal annual rate % | Previous EAR % variable |
|---|---|---|---|
| Current Account, Current Plus and Private Bank Account Credit Zone Overdrafts | |||
| Below £1,000 | 1.53 | 18.36 | 19.99 |
| £1,000 - £4,999 | 1.49 | 17.87 | 19.41 |
| £5,000+ | 1.34 | 16.12 | 17.37 |
| 19.99% EAR Typical (variable) Rates from 19.41% to 19.99% EAR | |||
We'll arrange a Credit Zone Overdraft, depending on your circumstances.
Your overdraft may be subject to an arrangement fee. Our unarranged borrowing rate and fees will apply if you borrow over your arranged limit. Please see the 'Unarranged overdrafts' and 'Charges' sections below for details.
2. Unarranged overdrafts
Any amount overdrawn without an arranged overdraft or in excess of an arranged overdraft limit will be charged at the following rates:
The following rates are effective from 01 October 2009
| Type of current account | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| Current Plus | 1.48 | 17.73 | 19.24 |
The following previous rates were effective from 06 September 2004
| Type of current account | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| Current Plus | 2.19 | 26.28 | 29.69 |
However, we will not charge interest on any part of the overdrawn balance which represents fees, charges or costs of the kind described in section 6 of our leaflet: Personal and Private Banking – A Guide to Fees and Interest (PDF, 111KB) under the heading Sums which do not bear interest.
Interest at the appropriate rate is charged in addition to the Maintenance Charge. The Paid Referral Fee and / or Guaranteed Card Payment Fee may also be payable if the unarranged overdraft arises from an informal request by you for an overdraft. Please see the 'Charges' sections below for details.
Interest on arranged and unarranged overdrafts is calculated on a daily basis and charged monthly. The interest we charge in each charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. If we are going to debit interest from your account, we will give you not less than 14 days' notice of how much we are going to debit and when.
Charges – Arranged Overdrafts, Unarranged Overdrafts, Unpaid Items and Enforcement Charges
The charges shown in this section do not normally apply to the other accounts we offer to Personal and Private Banking customers. However, we sometimes allow other accounts (including savings accounts) to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, the charges listed below in the sub-section "Unarranged overdrafts and unpaid items - charges" will apply.
Arranged overdrafts - arrangement and renewal fees
| Fee payable | |
|---|---|
| Current Account, Current Plus, Private Bank Account and Advantage Gold | |
| Credit Zone Overdrafts up to and including £7,500, where interest is charged at the standard Credit Zone Overdraft rate | No fee |
| Credit Zone Overdrafts over £7,500 or Credit Zone Overdrafts where an interest rate other than the standard Credit Zone Overdraft rate is payable | 2% of the new limit (minimum £30) |
| Temporary or increased facilities for all customers | |
| If you wish to increase an existing facility at any time contact your Relationship Manager or your branch. Any fees payable will be advised to you at that time. | |
Unarranged overdrafts and unpaid items - charges
If we are going to debit any of the fees and charges set out in the table below from your account, we will give you not less than 14 days' notice of how much we are going to debit and when.
| Fee type | When charged on current accounts* | Fee amount |
|---|---|---|
| Maintenance charge | ||
| If your account becomes overdrawn without prior arrangement or any arranged overdraft limit is exceeded, you will be liable for a monthly Maintenance Charge. The Maintenance Charge will be applied if you have an unarranged overdraft at any time during a monthly charging period. | 21 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday, or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £20 |
| Paid Referral Fee | ||
A Paid Referral Fee will be payable if:
| 21 days after the end of the charging period in which the transaction was paid or taken from your account (or on the next business day if this is a Saturday, Sunday, or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £15 for each day on which a Paid Referral occurs (subject to a maximum of £90 in any charging period). |
| Guaranteed Card Payment Fee | ||
A Guaranteed Card Payment Fee will be payable if:
| 21 days after the end of the charging period in which the transaction was paid or taken from your account (or on the next business day if this is a Saturday, Sunday, or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £15 for each transaction (subject to a maximum of £90 in any charging period) |
| Unpaid Item Fee | ||
An Unpaid Item Fee will be payable if:
| 21 days after the end of the charging period in which we decide not to make the payment (or on the next business day if this is a Saturday, Sunday, or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £5 for each item (subject to a maximum of £50 in any charging period) |
| Making an informal request for an overdraft means you will have to pay a Paid Referral Fee, a Guaranteed Card Payment Fee or an Unpaid Item Fee. If an unarranged overdraft arises, you will also have to pay the Maintenance Charge and interest on the amount overdrawn (except so far as it represents fees, charges or costs of the kind described in Section 6 of our leaflet: Personal and Private Banking - A Guide to Fees and Interest (PDF, 113KB) under the heading Sums which do not bear interest). For examples showing how our charges work, please see the section headed Unarranged Overdrafts and Unpaid Items in our leaflet Our Commitment to You (PDF, 131KB). | ||
| * Savings account customers who have to pay any of the fees detailed in the table above should refer to the table in section 7 of our leaflet Personal and Private Banking - A Guide to Fees and Interest (PDF, 113KB) under the heading 'Charging and application times for fees incurred on savings accounts' for details of charging periods and the dates when fees will be deducted. | ||
| Enforcement | ||
| A Default Notice Fee will be payable if we need to serve a default notice on you (for example, if you fail to repay your overdraft on demand or we wish to enforce any security we hold). This is in addition to any other charges that may apply. | Within four days of the Default Notice being served. | £30 per notice |
Monthly Management Fee Option
If you regularly pay unarranged overdraft or unpaid item charges, we may agree with you that our Monthly Management Fee Option will apply to your account. Under this option:
- you pay a monthly management fee of £10;
- any Maintenance Charge, Unpaid Item Fee, Paid Referral Fee or Guaranteed Card Payment Fee which you have to pay will be reduced to £5;
- the Paid Referral Fee will be subject to a maximum of £30 in any charging period, the Unpaid Item Fee will be subject to a maximum of £50 in any charging period, and the Guaranteed Card Payment Fee will be subject to a maximum of £30 in any charging period.
Additional services
| Stopping payment instructions | |
|---|---|
| Stopping a cheque (unless it has been lost or stolen) | £10 |
| Payments | |
|---|---|
| Obtaining a banker's draft | £12 |
| Obtain a special cheque clearance | £15 |
| CHAPS payments | £23 - between banks £21 - between our branches |
| Obtaining copies of statements | £5 per request |
| Arrangement fee for Advantage Private FlexiLoans | Any fees payable will be advised to you at the time |
| FlexiLoan arrangement fee | 2% of amount borrowed (minimum fee £100 |
| Emergency Cash Service | Any fees payable will be advised at the time |
| Safe Custody | |
|---|---|
| Annual Holding Charges (payable annually in arrears) | |
|
|
| Initial and subsequent re-deposit(s) | £9.79 |
Annual Holding Charges are applied in arrears so any withdrawal made prior to the anniversary of the deposit will incur a pro-rated amount of the annual charge. In addition, a £9.79 fee will be charged for initial deposits and any re-deposits following item inspection or temporary release. The charges set out above are inclusive of VAT.
If the service you are looking for is not shown in the table above, please ask at any branch or call the number on your statement summary sheet.
Important information
Credit facilities: Over 18s only. Calls may be recorded. Details correct at the time of publication. Security may be required.
Full copies of the fees and interest rates, and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
Mobile phone top-up facility available at all NatWest cash machines and those displaying the top-up logo, including those operated by Royal Bank of Scotland and Tesco Personal Finance. Top-up amounts are subject to your debit card daily withdrawal limit and the availability of sufficient funds. Network operator top-up limits may also apply.
Overdrafts
- You have to repay any overdraft upon our request. Overdraft and interest rates may change
Sometimes we have to update our systems so our 24-hour telephone and OnLine Banking services may not be available for short periods in the early hours of the morning.
Please also read our website terms and conditions which cover your use of this website.
Apply now
Call us on
0800 200 400
Minicom
0800 917 0526
Lines are open: Mon to Fri 8am-8pm, Sat 9am-6pm
(excl. public holidays).
Calls may be recorded