Important Changes to Unarranged Overdraft Pricing

We recently announced that we will be reducing the amount of our fees and charges in relation to unarranged borrowing and unpaid items as follows:

Summary of fee changes

Fee type	Old fee amount	New fee amount	Old maximum fee	New maximum fee
Maintenance Charge	£28	£20	N/A	N/A
Paid Referral Fee	£30	£15	£90 in any charging period	£90 in any charging period
A Paid Referral Fee will only be payable if the level of the unarranged borrowing on a particular day is £15 or more.
Guaranteed Card Payment Fee	£35	£15	£105 per day	£90 in any charging period
Unpaid Item Fee	£38	£5	£114 per day	£50 in any charging period

The above changes will be made to Section 7 of our leaflet 'Personal and Private Banking - A Guide to Fees and Interest' and will alter the terms of the contract between us and you. These changes will come into effect on the first day of your charging period following 1 October 2009 (the first day of your charging period is normally the day after we issue your statement). The changes apply to all our Personal and Private Banking current and chargeable savings accounts unless otherwise stated.

The changes also apply to the corresponding provisions of our NatWest Welcome Account and NatWest NRI Welcome Account, in so far as these changes apply to our leaflets, ' A Guide to NatWest Welcome Accounts fees and interest' and ' A Guide to the NatWest NRI Welcome Account's fees and interest'.

You will continue to receive at least 14 days notice before any unarranged borrowing or unpaid item fees are taken from your account.

Monthly Management Fee Option changes

Our fees in relation to unarranged borrowing and unpaid items for customers that have subscribed to our Monthly Management Fee Option will be reduced as follows:

Fee type	Old fee amount	New fee amount	Old maximum fee	New maximum fee
Monthly Fee	£10	£10	N/A	N/A
Maintenance Charge	£17	£5	N/A	N/A
Paid Referral Fee	£17	£5	£51 in any charging period	£30 in any charging period
A Paid Referral Fee will only be payable if the level of the unarranged borrowing on a particular day is £15 or more.
Guaranteed Card Payment Fee	£17	£5	£51 per day	£30 in any charging period
Unpaid Item Fee	£17	£5	£51 per day	£50 in any charging period

The above changes will be made to our leaflet 'Schedule of Charges applicable to the Monthly Management Fee Option' and will alter the terms of the contract between us and you. These changes will come into effect on the first day of your charging period following 1 October 2009 (the first day of your charging period is normally the day after we issue your statement).

You will continue to receive at least 14 days notice before any unarranged borrowing or unpaid item fees are taken from your account.

Summary of interest rate changes

We will also be reducing our unarranged overdraft interest rates, with effect from 1 October 2009, as follows:

Type of account	Old Nominal monthly rate %	Old EAR % typical variable	New Nominal monthly rate %	New EAR % typical variable
Current Plus	2.19	29.69	1.48	19.24
Current Account	2.19	29.69	1.48	19.24
Private Bank Account	2.19	29.69	1.48	19.24
Advantage Gold	2.19	29.69	1.42	18.49
Advantage Private	1.88	24.97	1.06	13.50
Accounts which are no longer on sale
Gold Plus	1.88	24.97	1.48	19.24
Current	2.19	29.69	1.48	19.24

The Nominal Monthly Rate is the simple monthly cost of an overdraft not taking into account how often interest is charged over the month. The Effective Annual Rate of Interest (EAR) 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, for example, arrangement fees, are shown separately from the EAR.

For full details of current interest rates, please ask at your local branch or visit our rates and charges page on this website. You can also call us on 0800 200 400. Minicom users call 0800 917 6161.

For further information on how these changes affect you, please contact your local branch.