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Premier Select account | £500 Welcome Bonus Switch Offer

Premier

Explore our everyday Premier Select account

You could get a £500 welcome bonus when you switch to Premier Select. T&Cs apply.

Premier eligibility criteria apply. To get this account you must be 18+ and a UK resident.

Our current account terms and conditions are changing from 01 October. Find out more.

£500 switch welcome bonus with Premier Select

This offer is available to new and existing customers who did not hold a NatWest current account on 02 September 2026.

How to get the welcome bonus

1. Open a current account and switch to us

Apply for and open a Premier Select or Premier Reward account and request and complete a full switch to us from another bank using the Current Account Switch Service.

2. Within 90 days of switching

Pay at least £15,000 into your new account - this can be made up of multiple payments (e.g. your salary), and each payment must remain in your account for 24 hours.
Log in to our mobile app.

3. You're all set

We’ll check your account 90 days after your switch has completed. If all steps have been completed, the £500 will be paid into your account within 30 calendar days provided it remains open.

Information Message

Switch Offer T&Cs (PDF, 57KB)

Current Account Switch Guarantee (PDF, 39KB)

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

Information Message

Specific account eligibility criteria & conditions apply. Offer T&Cs and restrictions apply. You won’t be eligible if you or anyone on the account has previously received a NatWest Group cash switch incentive, or if you’re switching an account from NatWest Group (Royal Bank or Ulster Bank). This offer may be changed, replaced, or withdrawn at any time.

Why choose Premier Select?

No monthly fee Enjoy Premier banking with no monthly account fee

Dedicated support Speak to your Premier Banking Manager (8am-8pm) or our dedicated Premier 24 team anytime

Fee-free spending abroad There are no Non-Sterling Transaction Fees when you buy with your debit card abroad or make a payment in a foreign currency. Not valid for ATM withdrawals. Other local fees may apply.

Upgrade later Start your journey here and upgrade later to Premier Reward or Premier Reward Black if it suits you.

Ready to apply Open in new window

£500 interest-free overdraft buffer

As a Premier Select customer, you can apply for an arranged overdraft. If approved, you won't pay interest on the first £500 you borrow.

How do overdrafts work?

An overdraft is a way of borrowing money from us via your current account and is repayable on demand.

If you don't repay what is owed, you could harm your credit score and borrowing capability.

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 on our Select standard bank account. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you.
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.

More about overdrafts

How much does an overdraft cost?

This account offers an Overdraft facility (subject to status). You can check if you're likely to be accepted for an overdraft using our eligibility tool.

Looking to understand the costs of an overdraft of more than £500 over different periods of time? Use our cost calculator.

The cost calculator does not reflect the up to £500 interest free arranged overdraft buffer on your account. For a more accurate indication of the monthly cost, input the overdraft you intend to use over and above the first £500.

If you don't pay it back, it could have an impact on your credit score.

How does our overdraft compare?

A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.

Representative example: Effective Annual Rate 0% EAR on arranged overdrafts up to £500, 34.49% EAR (variable) above £500. Representative 20.1% APR (variable). Assumed credit limit: £1200.

All our Premier customers benefit from

Financial planning

Get access to qualified financial planners alongside expert investment funds and portfolios managed by Coutts. No ongoing advice fees. Product or one-off charges may apply.

Premier-exclusive support

Speak to our Premier 24 team anytime for day-to-day support or work with a dedicated Premier banking manager (8am-8pm) for personalised guidance, planning and referrals to specialists.

Perks and rewards

Enjoy a range of exclusive perks and rewards. The benefits you get depend on the Premier account you hold.

Get ready to apply

Check the product information to make sure Premier Select is right for you, then answer a few questions to get started.

You can apply if you

are aged 18+

are a UK resident

And you have

at least £100k sole income (or £120k joint) paid into your NatWest account,
or a minimum of £100k savings or investments held with us,
or a £500k+ mortgage with us.

Important Legal Documents for you to review

Current Account Terms (28 pages)
All kinds of general info about our current accounts. Including details about the Premier Select Account.
Your Current Account Terms (PDF, 169 KB)

FSCS Information Sheet and Exclusions List (2 pages)
Very important information about how your money is protected. Just in case.
FSCS Information Sheet and Exclusions List (PDF, 1.5 MB)

Fee Information Document (20 pages)
How much our charges will be. From taking cash out abroad to an unarranged overdraft.
Fee Information Document (PDF, 133 KB)

What You Need To Know (4 pages)
Important basic info about the bank. For example, who regulates us and how to complain (hopefully you won't need that bit).
What You Need To Know (PDF, 371 KB)

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 and our privacy policy 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 agree to the information in these documents, including the FSCS Information Sheet, and to view statements in Online Banking instead of by post. Please review, save and/or print important information.

All okay? Apply for a bank account online today.

To speed up your application for our Premier Select account, we need to do a few final checks with you. They'll only take a minute.

Continue

Do we already know you?

If you have a current account, credit card, loan or savings account with NatWest please let us know.

Please choose an option below to continue

I'm a completely new customer

I'm an existing customer

What would you like to do today?

Please choose an option below to continue

Open a sole Premier Select account

Open a joint Premier Select account

You're all set

Your application will be completely online, and you won't need to post us any information or visit a branch.

Tell us a bit about yourself and we’ll set up your account.
Our partner Mitek will then check your identity by matching you to your Photo ID. Your Photo ID must be a Passport, UK or EU/EEA Driving Licence or an EU/EEA National ID card. We might also ask for a valid proof of address. If you don't have your ID to hand you can finish this step later.
Once they’ve confirmed your identity we’ll activate your account.

Please note, a partial switch does not qualify for any switch incentives we may offer.

Here's what to do next

We’ve made a few changes to how we open joint bank accounts.

The button below takes you to a dedicated page explaining exactly what you need to open your account.

In summary:

You create a joint account by adding the second applicant to an existing account.
You can either add the second applicant to an existing account, or if you’d like a completely new account, one of you can open a new account and then add the second applicant once it’s open.

Joint accounts opening

Do you have our app on a mobile device?

You can apply using either the mobile app or Online Banking. The mobile app is easier and quicker as we can prefill some of your information.

Please choose an option below to continue

Yes

No, but I can download it

Here's a few steps to get started

If you're already using a device with the NatWest app, select the 'Start application' button below.

You will need the most up to date version of the app, to make changes to your account.

To open a new account:

Once logged in to the app, choose 'Apply' and then current accounts.
Then choose what type of account you would like to open.

To change your account type or switch into your existing account:

Once logged in, click into the account you wish to change or switch.
Choose either the 'Change my account type' or 'Switch my account' option.

Can't scan the QR code?

Start your application

Do you have NatWest Online Banking?

Please choose an option below to continue

Yes

Yes, but I need to reset my information.

Enter your customer number or 16-digit card number to get started.
You'll then need to enter your Online Banking pin and password.
Once you're logged in follow the below

To open a new account:

Select 'Current accounts' from 'Our Products'.
Choose the account you want to apply for and complete your application.

To change to a different account type or to switch into your existing account:

Choose the account you wish to change or switch, click 'Account details'. Then choose either the 'Switch to us form' or review the section 'Want to change to a different type of current account?' to begin your application.

Sign up for Online Banking

You’ll need to sign up for Online Banking with us to apply for a current account. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest Debit Card, if you have one.

Select ‘How to register for Online Banking' to start.

How to register for Online Banking

Head to 'Register for Online Banking'.
Enter your personal details. We’ll need details including your name, date of birth, sort code and account number.
We’ll show you your customer number on screen (you're making good progress at this point). Make a note of it as you’ll need it when you log in, in the future. If we don't need anything else from you, you'll skip straight to step 7, but you may need to go to step 4, don't worry we'll let you know on screen.
We'll then send you an activation code. We'll send you your activation code in a text message. Or if we don’t have your phone number, we’ll send it through the post.
Go to the NatWest website and select ‘Log in’ in the top right-hand corner, have your activation code to hand.
On the log in page, type in your customer number and activation code.
Now you need to choose a password and PIN and commit them to memory. The PIN should be four digits long and your password can be between six and twenty characters, and contain both letters and numbers.
Done, finished, complete. Now you can manage your finances anywhere you can get online.

Once you’ve registered, select ‘I am now signed up’ to log in and apply for a Premier Select account.

I am now signed up

Log in to NatWest Online Banking

Enter your customer number or 16-digit card number to get started.
You'll then need to enter your Online Banking pin and password.
Once you're logged in follow the below

To open a new account:

Select 'Current accounts' from 'Our Products'.
Choose the account you want to apply for and complete your application.

To change to a different account type or to switch into your existing account:

Choose the account you wish to change or switch, click 'Account details'. Then choose either the 'Switch to us form' or review the section 'Want to change to a different type of current account?' to begin your application.

Forgotten your Online Banking Details?

If you've forgotten your log in details, don't worry, select 'Reset my Online Banking' for further instructions.

Reset Online Banking details

How to download and apply via the app

First, download the app:

On your mobile or tablet, open the camera and point your device at the QR code.
Follow the link that pops up to download the app.
Use your details to log in and follow the below.

To open a new account:

Once logged in to the app, choose 'Apply' and then 'Current accounts'.
Then choose what type of account you would like to open.

To change to a different account type or to switch into your existing account:

Click into the account you wish to change or switch, then select 'Change my account type' or 'Switch my account' to begin your application.

Can't scan the QR code?

Available on selected devices.

Download app

Premier Select FAQs

Does the Select account from NatWest Premier offer Rewards?

No, this account doesn’t offer Rewards. To earn Rewards, you’d need to apply for a Premier Reward or Premier Reward Black current account. Just keep in mind that both these accounts have a fee, whereas Premier Select has no monthly fee.

What are the pros and cons of a Premier Select account?

The benefits of Premier Select include no non-sterling transaction fees on payments abroad and the option of an overdraft. Plus, there’s no monthly fee on this bank account. On the other hand, you can’t earn Rewards with Premier Select. Also, you’ll need to meet our Premier eligibility criteria to successfully apply for an account.

Which Premier bank account could be best for me?

The best Premier bank account for you will depend on your needs and financial goals. For example, some accounts offer extensive benefits and rewards in exchange for a monthly fee, while others boast fewer features but have zero or lower monthly fees.

It’s worth checking that any benefits or added features would be genuinely useful to you, and that you’re comfortable with account conditions or restrictions.

Our other Premier current accounts

Premier Reward

£2 a month

Eligible for our Premier switch welcome bonus. T&Cs apply.

£9 a month back in Rewards for 2 Direct Debits - they need to be at least £4.50 each.

Earn at least 1% at partner retailers when you use your NatWest debit card.

Information Message

Must be 18+, UK resident, and pay in at least £1,250 to an eligible NatWest account every month. Premier eligibility criteria apply.

Join Premier Reward Open in new window

Premier Reward Black

£36 a month

All the features of our Select and Reward accounts.

Entertainment, travel, insurance and reward benefits for you and your family.

Enjoy annual savings and still earn up to £9 a month in Rewards.

Information Message

To apply, you must be an existing NatWest current account customer. Premier eligibility criteria apply. To earn £9 in Rewards, you need to set up two or more Direct Debits per month of at least £4.50 each.

Join Premier Reward Black Open in new window

Explore our everyday Premier Select account

£500 switch welcome bonus with Premier Select

How to get the welcome bonus

Why choose Premier Select?

£500 interest-free overdraft buffer

How do overdrafts work?

How much does an overdraft cost?

All our Premier customers benefit from

Get ready to apply

All okay? Apply for a bank account online today.

You're all set

Here's what to do next

Here's a few steps to get started

Log in to Online Banking

Sign up for Online Banking

How to register for Online Banking

Log in to NatWest Online Banking

Forgotten your Online Banking Details?

How to download and apply via the app

Premier Select FAQs

Does the Select account from NatWest Premier offer Rewards?

What are the pros and cons of a Premier Select account?

Which Premier bank account could be best for me?

Our other Premier current accounts

Premier Reward

£2 a month

Premier Reward Black

£36 a month