Just activate your account and use your NatWest Visa Debit card on qualifying purchases at participating retailers and you'll earn Rewards (not available on the Basic, Step and Cash account). Over 18's only.
If you're over 18 with a NatWest Select account, an overdraft can give you flexibility and access to some extra money (subject to eligibility).
Borrow up to your approved limit at any time, and:
Overdraft Control is an optional free service only available on our Select Account. It is designed to help you avoid unarranged overdrafts on your account by, where possible, rejecting payments that would take your account into an unarranged overdraft. You will not be charged Unpaid Transaction Fees for payments that we reject, however daily Unarranged Overdraft Usage Fees may apply if we are unable to reject a payment that takes your account into an unarranged overdraft of greater than £25.
Help is at hand with:
We have a great range of current accounts.
Take a look and compare our accounts to see if we have the right one for you.
This is a summary of the rates and charges that apply to NatWest current accounts.
For full information, download:
Latest information on unarranged overdraft charges.
Throughout this page, you'll see various terms being used. Here's what they mean:
|Arranged Overdraft Usage Fee||When charged|
|You will be charged a £6 Arranged Overdraft Usage fee if you use your arranged overdraft by more than £10 during the month||21 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or bank holiday)|
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 arranged overdraft interest.
If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay arranged overdraft interest at the rates shown in the table below on the overdrawn balance – even the part of the balance which is within any interest free threshold that applies to your account.
Our unarranged borrowing fees will apply if you borrow over your arranged limit. Please see the ‘Unarranged Overdraft and Unpaid transactions’ section for details
|Type of current account||Interest free threshold|
The following rates are effective from 04 July 2011.
|Type of current account||Nominal monthly rate %||Nominal annual rate %||EAR %|
Overdraft limit: £1,200
Arranged Overdraft Usage Fee: £6 per charging period
Interest Rate: 19.89% (variable)
Arranged overdraft interest 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 the next business day if this is a Saturday, Sunday or bank holiday. If we are going to debit arranged overdraft interest from your account, we will give you not less than 14 days notice of how much we are going to debit and when.
If we are going to charge you an Unarranged Overdraft Usage Fee and/or an Unpaid Transaction Fee, we will give you not less than 14 days’ notice of how much we are going to charge you and when.
An Unarranged Overdraft Usage Fee will be charged each day on which there is an unarranged overdraft of greater than £6 on your account at close of business on that day. Please note: we will only charge an Unarranged Overdraft Usage Fee for a non business day (i.e. a Saturday, Sunday or bank holiday) if there is an unarranged overdraft of greater than £6 owing on your account at close of business on the first following business day.
|Unarranged Overdraft Usage Fee||When charged|
|£6 per day for unarranged overdrafts greater than £6. Subject to a maximum of £90 per charging period||21 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or bank holiday)|
An unpaid transaction fee will be charged if;
|Unpaid Transaction Fee||When charged|
|£6 for each unpaid transaction. Subject to a maximum of £60 per charging period||21 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or bank holiday)|
Making an informal request for an unarranged overdraft means you will normally have to pay an Unpaid Transaction fee and/or an Unarranged Overdraft Usage Fee.
For examples showing how our charges work please see the section headed Unarranged Overdrafts & Unpaid Transactions in our Helping you get the most from your Personal & Private NatWest Current Account leaflet NatWest Personal & Private Current Account Terms; Personal & Private Current Account Fees & Interest Rates; Helping you get the most from your Personal & Private NatWest Current Account
Our Act Now Alerts can help you stay in control and minimise or even avoid fees for unarranged overdrafts and unpaid transactions. They specify the time by which you should credit your account with cleared funds to cover all payments and/or to bring your account back into credit or within any arranged overdraft limit. Find out more about Act Now Alerts.
|Stopping payment instructions|
|Stopping a cheque(unless it has been lost or stolen)||£10|
|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|
|Emergency Cash Service||You can access up to £300 of your money from your account if you are an online or telephone banking customer and if you aren't, we'll still give you up to £60 to tide you over - these amounts are providing you have the money available in your account. As a minimum you must have £25 available in your account to use this service.|
|Annual Holding Charges (payable annually in arrears)|
| || |
|Initial and subsequent re-deposit(s)||£10|
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 £10 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.
Please note that we only accept new items into Safe Custody for our Private Banking customers. Items already held by us in safe custody will continue to be held.
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.
Financial Services Compensation Scheme
Your eligible deposits with National Westminster Bank Plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme.
Any deposits you hold above the £85,000 limit are not covered.
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.
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.
It's easy to apply for a Select Account. There are three ways to apply:
Apply by phone
Call us on 0800 148 8323.
Customers with hearing and speech impairments can contact us by Minicom number 0800 917 0526.
Lines are open:
Monday to Friday 8am-8pm, except public holidays, and Saturdays 9am-6pm.
Calls may be recorded.
At your nearest NatWest branch
If your debit card is lost or stolen and find yourself short of money, we can provide you with Emergency cash.
Just phone the bank report your card missing and get a six-digit code which you can use to access money from any NatWest, RBS or Ulster cash machine.
You can access up to £300 if you're an Online or Phone Banking customer and up to £60 if you're not.
To use this service you must: