Packaged bank accounts

Upgrade to a NatWest Reward Silver account

What is the NatWest Reward Silver account?

NatWest Reward Silver is a current account packed full of useful extras. As the name suggests, it could make your everyday banking a little bit more rewarding.

For a monthly fee of £10, you get access to a range of fantastic perks which could be great for staying in, going out or getting away. Enjoy everything from cinema discounts to European travel insurance.

You can also access monthly Rewards that you can spend, use to buy gift vouchers and e-codes or even donate to charity. 

Why pick a bank account with benefits?

NatWest Reward Silver could be useful for large purchases, everyday spending and treating yourself. That's because you can earn from 1% back with our partner retailers and earn Rewards for doing your day to day banking with us. This account lets you manage your money in the same way as you would with a standard current account. You just get a few added extras along the way.

  • Insurance for European travel. You’ll be covered for illness and emergency medical treatment, for 22 days per trip.
  • Mobile phone insurance. Breaking or losing a phone can be stressful and expensive. We’ll cover you for loss, theft, accidental damage and breakdown (once your manufacturers warranty has expired). 
  • Fee-free debit card purchases abroad. Wave goodbye to debit card transaction fees when you jet off on holiday, so you can spend without worrying about additional costs. Keep in mind money from a cashpoint abroad can come with local charges. 
  • Earning Rewards that you can redeem as cash or e-Gift Cards. Or get Rewards for everyday banking tasks like paying Direct Debits or logging into your mobile app.
  • £10 monthly fee. It’s all yours for £10 a month.

Phone insurance underwritten by American International Group UK Limited. Travel Insurance is underwritten by U K Insurance Ltd. 

How do rewards work?

You can earn £4 a month back in Rewards for setting up two or more Direct Debits. Two of those Direct Debits need to be at least £2 each. Plus, you can earn an extra £1 a month back in Rewards with one mobile app login. That's up to £5 a month to spend on whatever you like.

You can also earn from 1% back in Rewards when you spend with our retail partners. When your available Rewards balance is the equivalent of £5 or more, you can:

Get as cash into your account

Easily exchange your Rewards as money back into your current account.

Trade up

Exchange your Rewards for e-Gift Cards with our retail partners. From cinema tickets to supermarkets, there’s loads to choose from.

Save or spend

Not ready to choose how to use your Rewards? You can exchange them as money into your savings account.

Donate to charity

We have a whole range of chosen charities you can donate your Rewards to each month.

Switch to NatWest

If you dont already bank with us, you can switch to a Select account or basic Reward account and upgrade to a Reward SIlver account afterwards. The Current Account Switch Service will transfer your balance, payments and income in just 7 working days. You can then upgrade to a NatWest Reward Silver account. 

  • Apply online or via our mobile app to switch a current account held elsewhere(using the Current Account Switch Service)  into a NatWest account from 14th February 2023 to receive our offer of £200.
  • Deposit £1,250 into your account and log into our mobile banking app within 60 days. App eligibility criteria apply.
  • When you meet these conditions we'll pay £200 into your eligible account within 7 days.
  • If you've previously received a switching incentive from NatWest Group, you will not be eligible for this offer. Offer can be withdrawn or amended at any time.

Switch offer T&Cs apply (PDF, 166KB)

Current Account Switch Guarantee (PDF, 39KB)

A Guide to Switching Current Accounts (PDF, 3MB)


More detail on benefits


Mobile phone insurance

When bad things happen to your mobile, you need good cover. Our mobile phone policy covers loss, theft, accidental damage and breakdown (once your manufacturer’s warranty has expired). Underwritten by American International Group UK Limited.

European travel insurance (with COVID cover)

Do you love to travel? This account offers European travel insurance that covers you for up to 22 days per trip. The policy also includes winter sports cover (underwritten by UK Insurance Limited).


Cinema discount

Take advantage of up to 40% off the price of cinema tickets.


If you love eating out, you’ll love this offer: get 2 for 1 or 50% off your food bill at thousands of restaurants UK wide.


Earn Rewards

Earn £4 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits needs to be at least £2 each. Plus, earn an extra £1 a month back in Rewards with 1 mobile app log in. That's up to £5 a month back in Rewards to spend on whatever you like.

Exchange Rewards

Once you reach £5 in Rewards, the choice is yours. Bank it into your NatWest bank account, trade up for gift cards and e-codes with our retail partners, or donate to one of our chosen charities.

Banking with us

Mobile app

Stay in control of your money with our easy-to-use Mobile Banking app.

Our range of savings accounts

We have a range of savings accounts available to our current account holders.

Ready to upgrade your account?

Take a look at the important legal information first:

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Upgrade your account today

Before we begin your application for a Reward Silver account, we need to do a few final checks with you. First things first. You can apply if you:

  • are aged 18 or over and a UK resident
  • already have a NatWest current account
Do you already have a current account with NatWest?

Switch offer

Changing your existing account doesn't qualify you for our switching offer.

To qualify, you need to switch and close a current account held with another bank to your NatWest account. See our Switch page for more information.


If you're happy to change your account to Reward Silver please continue.

Which account would you like to change?

You're all set

During the application, you'll need:

  • The account number and sortcode of the current account you want to change. You can find these in your app/online banking.

You're all set

During the application you'll need:

  • The account number and sort code of the current account you want to change. You can find these in your app/online banking.

Compare our current accounts

We're sorry but you must have an existing NatWest current account to upgrade to a Reward Silver.

Our Select and Reward accounts are available to new customers. If you still like the look of our Reward Silver account you can come back and upgrade later.