Is this account right for you?
To open this account
- You must be aged 18 or over to apply
- You are a UK resident
- You must not have been declared bankrupt in the past six years
Account features
- Cashback
- Mobile App
- Overdraft Facility
- Online Banking
- Switching Service
- Direct Debits
- Standing Orders
- Text Alerts
- Online Fraud
Account benefits
- Cashback
You will receive the following with this account:
- Earn 3% Rewards on selected household bill
Considerations
- Great for
- 3% back on seven household bills with unlimited rewards if paid by Direct Debit. On average NatWest customers earn, £120 in Rewards per year. Based on average monthly Direct Debit amount of £333. Excludes monthly £3 fee
- Top 20% of Natwest Reward customers earn, on average, £217 in Rewards per year. Based on their average Dec'15/Jan'16 Direct Debit amounts. Excludes monthly £3 fee
- But be aware that
- £3 monthly fee
- From 26th June 2017, the cashback on household bills will be reduced to 2%, and the account fee will fall to £2 per month
Interest rates
| Balance | Introductory Rate | Follow on rate | Gross AER* |
|---|---|---|---|
| Any balance | 0.00% |
- Any interest you earn will be tax-free up to your annual personal savings allowance.
Overdraft Rates and Charges
| Overdraft buffer Amount | Planned/Authorised Overdraft Rate (EAR) | Unplanned/Unauthorised Overdraft Rate (EAR) |
|---|---|---|
| 19.89% |
- The first £10 of the arranged overdraft is interest free
| Other Overdraft Charges | Fee/Rate | Notes |
|---|---|---|
| Planned Overdraft Usage Fee | £6.00 / Monthly | Charged if you use your arranged overdraft by more than £10 during the month |
| Unplanned Overdraft Fee | £6.00 / Daily | Charged on unarranged overdrafts greater than £10 (maximum of £90 in any charging period) |
Other Fees
| Fee | Notes | |
|---|---|---|
| Foreign ATM Charge | 2.00% / per item | Minimum £2, maximum £5 |
| Foreign Exchange Rate | 2.75% / per item | |
| Foreign Purchase Fee | 2.75% / per item | Minimum £1 |
| Returned Item Charge | £6.00 / per item | Maximum of £60 in any charging period |
| Service Charge | £3.00 / Monthly |
Operating and accessing your account
| Operating your Account | Making Withdrawals | |
|---|---|---|
| Online | - | |
| Phone | - | |
| Branch | ||
| Post | - | - |
| Post Office | ||
| SMS | - | |
| Mobile App | - | |
| ATM | - |
Mobile App Features
| Make transfers between accounts | - |
| Check balances | - |
| Make transfers to other people | - |
| View transaction history | - |
| View direct debits/standing orders | - |
| Apply for new products | - |
| Use app on multiple devices | - |
| Branch finder | - |
| Pay bills | - |
| Setup payments, standing orders, or direct debits | - |
| Make payments | - |
| View mini statements | - |
| Make payments to other people | - |
| Use multiple devices | - |
Mobile App features may be limited. Please refer to provider's site for more information
Other details
- This account has a Visa Debit card.
- The currency for this account is Pound.