Reward Silver Current Account - Apply Online | NatWest

Reward Silver current account

Lifestyle benefits and Rewards. £12 a month.

European travel insurance   

Mobile phone insurance    

2% Rewards on 7 types of household bills paid by Direct Debit

To apply you must be 18 or over and a UK resident

Apply for a new account Change your NatWest account

Change an existing account

Is this to be a sole or joint account change?

To apply, you need to be aged 18 or over and permanently resident in the UK.

Reward Silver eligibility: To keep earning Rewards on your household bills, you must log into online or mobile banking at least once every three months. 

All these great benefits for £12 per month

Mobile Phone Insurance


Your policy covers loss, theft, damage and breakdown (once your warranty has expired).  Underwritten by Aviva Insurance Limited.

What you should know:

  • Covers the phone you use on a daily basis. If your account is in joint names, cover is also provided for the phone the other account holder uses on a daily basis.  There is no cover for phones owned by your employer.
  • 2 successful claims can be made on this policy in any 12 month period.  If this is a joint account, both account holders can make 2 successful claims, with a maximum of 4 per account.
  • Our replacement phones are refurbished handsets in ‘as new’ condition using genuine manufacturer parts.
  • There is a £100 excess for each successful claim.

European Travel Insurance


Going abroad? Your Reward Silver account includes travel insurance that covers you for up to 22 days per trip (underwritten by U K Insurance Limited). The policy also includes winter sports cover.

 

What you should know:

  • Covers you and joint account holders
  • To find out if you can extend your travel insurance to include cover for any new or existing medical conditions please click here or call 0345 601 5219 (or Minicom number 0345 600 0512). You may have to pay extra for this or you may find that your condition cannot be covered. Lines are open 8am-8pm Monday - Friday, 9am-5pm Saturday, 10am-5pm Sunday and 9am-5pm on bank holidays. We are closed Christmas Day, Boxing Day, New Years Day and Easter Sunday. Calls may be recorded.
  • If you or your joint account holders are aged 70 or over, there’s a £75 annual premium per person insured aged 70 or over
  • If you have an existing medical condition, you may have to pay an additional premium or accept that your cover may exclude certain conditions.

Ticket Booking Service


Receive 25% cashback on tickets for theatre, dance, opera, concert performances and more throughout the UK and Ireland.

What you should know:

  • Order up to six tickets through the booking service for each event, up to four bookings a year
  • Tickets can be booked by phone or online via the membership services website
  • Cashback is calculated on the full price of the ticket including any booking fees

How do I get my cashback?

  • You don't need to do anything. It will be paid into your Reward Silver account within 30 days of your booking.

tastecard

 

2 for 1 or 50% off at thousands of restaurants UK wide.

What you should know:

  • Some restaurants may exclude tastecard use on Friday or Saturday evenings, Mother’s Day, Father’s Day, Valentine’s Day, the whole of December and potentially other “event” type days
  • Where restaurants offer 50% off they may limit the number of people; where restaurants offer 2 for 1 this does not include side dishes or extras
  • Some restaurants require the customer to book prior to arriving at restaurants.

Travel money


Get preferential rates on foreign currency from our Travel Money service – we’ll even deliver the money to your door.

What you should know:

  • Orders must be online or over the phone through membership services to receive preferential rates
  • Minimum order of £100 applies.

2% in Rewards on these bills when you pay by Direct Debit

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 at selected retailers or converted to money and donated to participating charities.

Calculate how many Rewards you could earn

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 when you pay by Direct Debit from your Reward bank account; Council tax, gas, water, electricity, mobile, broadband and TV packages.

 

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.

 

Donate

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

Get assistance or apply Apply for a Reward Silver account
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