Reward current account | NatWest

Reward Current Account

Get 2% back in Rewards on 7 types of household bills paid by direct debit

Only £2 a month

Because the most rewarding
relationships work both ways

Apply for a new account Change your NatWest account

Reward Account eligibility: To apply you must be 18 or over and a UK resident. To earn Rewards on your household bills, you’ll need to pay £1,500 into any personal current account(s) you have with us (as long as it’s not a Foundation, Basic or mortgage current account) every calendar month. The £1,500 can’t be transferred from another NatWest current account or savings account that you have with us. You must also log into online or mobile banking at least once every three months. Otherwise, we may not pay Rewards on household bills and we may convert your Reward account to a Select account.

Rewards explained

What are Rewards?

They're simple

You automatically earn Rewards on seven selected household bills paid by Direct Debit and on purchases at partner retailers. 5.00 in Rewards = £5.00.


They could grow quickly

You could earn £83 on average in Rewards. There's no limit to the Rewards you can earn.


Average earning of £83 in Rewards a year is based on paying 7 types of household bills of £345 a month and is before the Reward monthly account fee is paid.



They're easy to exchange

As soon as your available Rewards balance is the equivalent of £5 or more, you can convert your Rewards to money, which you can either transfer into your NatWest current account or use towards reducing your Reward credit card balance.


Rewards can also be exchanged for gift cards or codes at selected retailers or converted to money and donated to participating charities.

How do I earn Rewards?

2% back in Rewards on seven household bills

You will earn Rewards on the following bills; Council tax, gas, water, electricity, mobile and landline, broadband and TV packages when you pay by Direct Debit from any of any of your current accounts (excluding Basic, Foundation, Step or current account mortgage products).


Payments to billing organisations but which are for other services such as maintenance, repairs or insurance will not earn Rewards.   


At least 1% back in Rewards at partner retailers

After you've opened your account, you'll receive personalised retailer offers where you can earn extra Rewards when you use your NatWest debit card. To view your personalised offers, exchange any Rewards and to check your Rewards balance, you will need to register on the MyRewards site.

How do I exchange Rewards?

As soon as your available Rewards balance is the equivalent of £5 or more, you can login to MyRewards to exchange them. To login you will need to register, using your debit card. You can then choose from the following.



Bank it

Convert your Rewards into money. You can then transfer the money into your NatWest bank account or use towards reducing your Reward credit card balance. The funds will be cleared in your chosen account within 5 working days.


Trade up

Exchange your Rewards for gift cards or codes at our selected partner retailers.



Convert your Rewards into money, which can be donated to one of our chosen charities.

How could I earn Rewards with a NatWest credit card? 

Get rewarded for everyday spending with our Reward credit card


1% on your supermarket spend and 0.5% at their petrol stations


1% at MyRewards retailers


0.5% everywhere else, anywhere in the world!


Plus, we’ll refund the annual fee if you have a NatWest Reward current account.



Representative 23.7% APR (variable).

Annual fee applies.


To apply, you must be a mainland UK resident, 18+ and earn at least £10K per year.


Find out more and apply

Account features when banking with us

Ways to bank

Access your account anytime with 24-hour UK call centres, online banking or our mobile app. We also have one of the UK's largest branch networks.

We have lots of ways to bank with us, whether you want to use your mobile phone, tablet, or even use one of our mobile branches in more rural locations in the UK. There's plenty of ways to make managing your money easier.

App available on most smartphones, to NatWest customers with Online Banking and a UK mobile number.


Ways to bank with us

Get cash without your bank card

Our mobile app lets you withdraw money (up to £130 of your money per day) from RBS, NatWest or Tesco cash machines.

Get Cash is a function on our Mobile Banking app that lets you withdraw money quickly without using your bank card. It's great for those times, when you pop out during your lunch hour, but don't have cash on you.


More about Get Cash

Pay your contacts with our mobile app

Pay Your Contacts lets you send money to someone with a UK mobile number who has a NatWest, RBS, Ulster Bank, NatWest Offshore, Isle of Man mobile app or registered for Paym.

If the person you’re paying is a NatWest, RBS, Ulster Bank, NatWest Offshore or Isle of Man Bank Mobile app user, they’ll receive a text and the money will be in their account instantly.

If the person you are paying does not have the Mobile app then we can send the payment via the Paym service. This is a service that is available to customers of most of the UK's leading banks and building societies. If your friend is registered for Paym with their own bank then the money will be in their account instantly.

You must have available funds to send from your account (including any overdraft facility). There is a maximum payment of £250 a day, which is separate from daily withdrawal and Get Cash limits.


More about mobile payments

Get assistance or apply Apply for a NatWest Reward account
Apply now Compare our current accounts
Set Tab for lightbox