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Premier bank accounts
Premier Select - a premium account but no monthly fee
Enhance your everyday banking with Premier
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No Non-Sterling Transaction fee when you make a payment outside the UK or in a foreign currency.
Get expert help to make the most of your money and tackle life's unexpected surprises with our Premier Banking service.
Stay in control with the NatWest app.
Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Debit Card. Limits apply.
Arranged overdraft with £500 interest-free buffer available (subject to status).
No monthly fee.
To apply you must be 18+ and a UK resident.
Overdraft: Representative APR: 11.4% (Variable). Other charges may apply. 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. Â
What you'll need to open this account
To apply, you need to be 18+ and a UK resident and have ONE of the following:
Income
Pay a minimum £100k sole income or £120k joint income paid into a NatWest account.
Mortgage borrowings
Have £500k minimum mortgage borrowing with us.
Savings or investments
A minimum £100k savings or investments held with us.
What happens when you switch?
Step 1
We’ll send a request to your old bank to confirm the switch and we’ll keep you updated every step of the way.
Step 2
The account you’re switching from will be closed on your behalf and your balance and payments (like Direct Debits) will be moved to your NatWest account.
Step 3
The switch is complete. Your old bank will make sure that any payments made to your old account are redirected to your NatWest account.
I already have a Premier Select account
Find out how to set-up and use your account.
Account features
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Help when you need it
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).
Plan for the future
With our Will-writing & Executor Service you could ensure your money and assets are shared according to your wishes in an efficient way, giving you peace of mind. A fee will apply.
The NatWest app OpenClose
Get closer to where your money goes
Spending money is easy and so is keeping an eye on it with our budget tool in the NatWest mobile app. You must be aged 16+. Only available for Personal and Premier Current accounts.
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Using your debit card abroad
No Non-Sterling Transaction Fee when you use your Premier Select debit card abroad.
App available to customers aged 11+ with a compatible iOS and Android devices and a UK or international mobile number in specific countries.Â
Overdraft details
How do overdrafts work?
An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.
How overdrafts work - details
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. 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.
How much will an overdraft cost?
Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.
How much does my 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.
Premier Select customers pay no interest on the first £500 of their arranged overdraft. 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, 19.49% EAR (variable) above £500. Representative 11.4% APR (variable). Assumed credit limit: £1200.
Open this account online
Apply online
During the application we'll ask for information about you such as your address, job etc. So have these ready.
Upload your ID
At the end of your application we might ask you to provide photo ID and proof of address. We’ll also ask for a short video to compare to your photo ID. We'll then check your details with our security partners HooYu or DigiDocs.
We'll check your details
We'll check we have everything needed to open your account. We'll then give you a welcome call within two working days.
Start using your new account
Your new account is open. Register for Online banking, download our mobile app and enjoy hassle free banking.
Switch to NatWest
The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account to your new account all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the Switch to start.
We can not switch savings accounts or ISAs through this service. Any other products you have with your old bank will not be moved at the same time.
Current Account Switch Guarantee (PDF, 39KB)
Get ready to apply
Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.
First things first. You can apply if you:
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are aged 18+ and a UK resident
You must also meet one of these criteria:
Minimum £100k sole income or £120k joint income paid into your NatWest account.
£500k minimum mortgage borrowing with us.
Minimum £100k savings or investments held with us.
Now please take a look at the important legal stuff
If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Online Banking - not posted. Please take some time to review, print and/or save the important information.
All kinds of general info about our current accounts. Including details about the Premier Select Account.
Very important information about how your money is protected. Just in case.
How much our charges will be. From taking cash out abroad to an unarranged overdraft.
Important basic info about the bank. For example, who regulates us and how to complain (hopefully you won't need that bit).
How we promise to treat you, if we lend you money. And what we expect from you in return.
Download PDF (44 KB)Â Â Â
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.