To apply, you need to be 18+ and a UK resident and have ONE of the following. A minimum £100k sole income or £120k joint income paid into your NatWest account, or £500k minimum mortgage borrowing with us, or minimum £100k savings or investments held with us. Offer T&Cs and restrictions apply.
Switch offer with Premier Reward
A premium account with a £2 monthly fee.
- Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners.
- Get expert help to make the most of your money and tackle life's unexpected surprises with our Premier Banking service.
- Arranged overdraft available (subject to eligibility).
- Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Debit card.
To earn Rewards you need to pay in £1,250 to an eligible NatWest account every month.
Discover Premier
Your financial goals, our expertise
- With Premier you'll have an expert team available to help with your everyday banking needs, day or night. If you need help with something more complex, we can connect you with the specialists you may need.
Protect what matters
- If you need it, you'll also have access to an enhanced level of insurance cover available with Premier Insurance (underwritten by U K Insurance Limited).
Earn Rewards
You could earn up to £10 a month in Rewards (that’s up to £120 a year) plus rewards when you spent with our retail partners. See the monthly break down below.
How you can earn |
Monthly Rewards |
Direct Debits |
£9 |
Mobile app login |
£1 |
Partner Retailers |
1-15% |
As well as earning Rewards for having 2 Direct Debits at least £4.50 each (like your phone bill), you can earn even more Rewards at our partner retailers, like Caffe Nero, Morrisons or Sky. You can earn between 1-15% back on your purchases.
Your Rewards balance can grow quickly, they're easy to earn and easy to exchange. Once you reach £5 in Rewards, you can redeem it as cash back into your bank account, donate it or trade it up.
Normally 1.00 in Rewards = £1, but trade up with partner retailers like Cineworld, Argos, or even Avios to get even more for your Rewards. You can also donate them to our selected charities.
Arranged overdraft
Arranged overdrafts allow you to spend more money than you have in your account to an agreed limit. An overdraft is a form of borrowing and is repayable on demand. It can be useful for short term borrowing.
We'll run a full credit check to determine your overdraft limit. If you don't repay what you borrow, you could harm your credit score and borrowing capability.
This account offers an overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool.
There are two different types of overdraft:
- An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here
- An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit
We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.
How much does my overdraft cost in pounds and pence?
As an example, the interest cost of using a £500 arranged overdraft is:
Time Period |
Interest costs |
7 Days |
£3.24 |
30 Days |
£13.87 |
60 Days |
£28.13 |
This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days.
Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handy cost calculator.
How does our overdraft compare?
A good way to compare the costs of an overdraft is by using the APR, which shows the cost of borrowing over a year.
Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200.
Get up to £1,000 when you switch to Premier
Switch to a Premier Select or Premier Reward account and you could get £250, plus if you open a Flexible Saver account and deposit £100,000 you could get £750 as interest.
Offer available to new and existing customers who haven't previously recieved a switch offer and did not hold a NatWest current account or savings account as of 10 March 2026. Limited availability. Offer may be changed, replaced, or withdrawn at any time.
Specific premier account eligibility criteria apply. Monthly account fees may apply. Offer T&Cs and restrictions apply. You are not eligible for this offer if you're switching a current account from NatWest Group (Royal Bank or Ulster Bank NI). Joint accounts are not eligible for this offer. The £750 payment is subject to UK income tax as interest.
How to get £250
1. Open a current account and switch to us
- Apply for an eligible Premier account and request to switch an account with another bank to us using the Current Account Switch Service.
2. Within 60 days of switching
- Deposit £5,000 - This can be made of multiple payments and must remain in the account for 24 hours.
- Log in to our mobile app - You can log into the app on any device.
3. You're all set
When you've met these conditions, we'll pay £250 into your eligible account within 30 days provided the account remains open.
How to unlock £750
To be eligible for the £750 offer, within 60 days of your switch completing, you must:
1. Open a new Flexible Saver account
- You can open the account prior to your switch completing and still be eligible for the £750 provided you meet all the requirements.
- You do not need to wait for your £250 payment to open your Flexible Saver account.
2. Deposit £100k into your Flexible Saver
- This can be made of multiple payments and must remain in the account for 30 consecutive days.
3. All done
When you've met these conditions, we'll pay £750 into your Flexible Saver account within 30 days.
Current Account Switch Guarantee (PDF, 39KB)
A Guide to Switching Current Accounts (PDF, 3MB)
Third Party Permissions:
If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.
Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.
Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.
If you are unsure as to whether we will support the Third Party Provider permissions on your account, you can contact us for further information and support.
Please check our account terms and conditions for more information about Third Party Providers.
Important information
Your Current Account Terms (PDF, 267 KB)
Financial Services Compensation Scheme Information Sheet (PDF, 1 MB)
Fee Information Document (PDF, 365 KB)
What You Need To Know (PDF, 370 KB)
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.
As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.
Information Message
By continuing you're confirming you've been provided with, and have acknowledged our important documents, including the FSCS information sheet.