Your Graduate Account benefits | NatWest

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Graduate Account

What you need to know about your Student Account changing to a Graduate Account

Your account after graduation

If you've just graduated, you don't need to do anything. Your Student Account will automatically change to a Graduate Account, and you can continue to use your card, online banking and mobile app as usual.

Prior to the account switch you should receive an email or letter detailing:

- the changes to your account
- the date of the switch

For a summary of these, as well as how to get the most out of your account, see our check list below:

Changes to your account
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Icon expand Years 1 and 2 after you've graduated

Nothing changes immediately. In the first year after you graduate you will get:

Up to £2,000 interest-free arranged overdraft

Depending on when you opened your Student Account, you will have received a Tastecard or National Express Young Persons Coachcard:

- Tastecard annual membership will automatically renew for another 2 years

- Coachcard will remain valid for a maximum of 4 years, starting from the date you opened your Student Account

In the second year of your Graduate Account, you will benefit from:

Up to £1,000 interest-free arranged overdraft

Depending on when you opened your Student Account, you will have received a Tastecard or National Express Young Persons Coachcard:

    - Tastecard annual membership will automatically renew for another year

    - Coachcard will remain valid for a maximum of 4 years, starting from the date you opened your Student Account

Any arranged overdraft limits over the interest-free threshold will incur fees and charges if used (17.81% EAR). If you do not have an arranged overdraft or go over it, you will be charged £6 per day for unarranged overdrafts of more than £10.

Use our overdraft calculator to see how an Arranged Overdraft can help save you money.  

Find out more about fees and charges
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Icon expand Year 3 and onwards after you've graduated

Two years after you graduate you will automatically move onto a Select Account and your arranged overdraft will no longer be interest-free:

- if you use your arranged overdraft, there is a monthly arranged overdraft usage fee of £6, and you will be charged arranged overdraft interest (19.89% AER variable)

- if you do not have an arranged overdraft or go over it, you will be charged £6 per day for unarranged overdrafts of more than £10

Find out more about fees and charges


Alternatively, you can choose to get a packaged account, which comes with additional benefits. Packaged accounts start from £10 a month for a Select Silver Account.

Find out more about our current accounts
Fees and charges explained

Overdraft fees and charges are calculated based on a number of elements, such as your account type, your arranged overdraft limit (including if you have an interest-free arranged overdraft), the amount you are overdrawn and for how long. Below are some examples to illustrate how fees and charges are applied.

RTE
Make the most of your Graduate Account with:

- Tastecard membership or National Express Young Persons Coachcard

If your Student Account came with a Tastecard, it will automatically renew annually for another 2 years.  

If your Student Account came with a Coachcard, this will remain valid for a maximum of 4 years, starting from the date you opened your Student Account.

- Banking on the go with our mobile app

Person logging into their mobile app using Touch ID

Login to mobile banking using your Touch ID registered fingerprints. This option is available to iPhone 5S and 6 users with the latest iOS operating system

Withdraw money without your card using Get Cash (from NatWest, Royal Bank of Scotland and Tesco ATMs). All you need to do is select the amount, and we'll provide you with a secure code which you can use straight away

Find out more about the mobile app

Mobile payments made easier. Click the options below to find out more:

Add your signposting title here… Apple Pay is here

Apple Pay is the new, easy and secure way to pay using your NatWest debit or credit card.

Use Apple Pay in store (iPhone 6 or Apple Watch) and within apps (iPhone 6, iPad Air 2 or iPad Mini 3).

Apple Pay is available on selected personal current accounts and NatWest MasterCard credit cards.

More about Apple Pay
use Apple Pay to make payments with your iPhone 6 or Apple watch
Add your signposting title here… Apple Pay is here

Apple Pay is the new, easy and secure way to pay using your NatWest debit or credit card.

Use Apple Pay in store (iPhone 6 or Apple Watch) and within apps (iPhone 6, iPad Air 2 or iPad Mini 3).

Apple Pay is available on selected personal current accounts and NatWest MasterCard credit cards.

More about Apple Pay

Pay someone securely without a card reader up to £250

You can now pay someone new up to £250 using an account number and a sort code. No need to set up a new payee in Online Banking or rummage around for your card reader.

Important information

  • The payment details will not be saved.
  • You must be aged over 16 and have available funds to send from your account (including any overdraft facility).
  • There is a maximum limit of £250 payments  per working day, which is separate  from daily withdrawal and Get Cash limits. You can make up to 5 payments per working day.  

This feature is available on Android, iPhone and Blackberry10.

 

Paying a person from your list of saved payees

You can also make payments to anyone from your list of payees, whose details you have saved within Online Banking. Just select 'Payments' and scroll through the names to select the correct person, type the amount and click send. The money will leave your account instantly!

Please note that to make payments to your saved payees within the mobile app you will need to make the first payment to that person through Online Banking using your card reader.

Payments are available on Android, iPhone, BlackBerry10 and Windows. This feature is also available on our iPad app.

 

Moving money between accounts

We’ve made transferring money on the app really easy. Open it up, choose the account you want to move money from, select the Transfers option and then choose which of your accounts you want to transfer the money to. Type the amount and let us take care of the rest.

Transfers are available on Android, iPhone, BlackBerry10 and Windows. This feature is also available on our iPad app.

make payments up to £250 a day using just an account number and sort code

Pay someone securely without a card reader up to £250

You can now pay someone new up to £250 using an account number and a sort code. No need to set up a new payee in Online Banking or rummage around for your card reader.

Important information

  • The payment details will not be saved.
  • You must be aged over 16 and have available funds to send from your account (including any overdraft facility).
  • There is a maximum limit of £250 payments  per working day, which is separate  from daily withdrawal and Get Cash limits. You can make up to 5 payments per working day.  

This feature is available on Android, iPhone and Blackberry10.

 

Paying a person from your list of saved payees

You can also make payments to anyone from your list of payees, whose details you have saved within Online Banking. Just select 'Payments' and scroll through the names to select the correct person, type the amount and click send. The money will leave your account instantly!

Please note that to make payments to your saved payees within the mobile app you will need to make the first payment to that person through Online Banking using your card reader.

Payments are available on Android, iPhone, BlackBerry10 and Windows. This feature is also available on our iPad app.

 

Moving money between accounts

We’ve made transferring money on the app really easy. Open it up, choose the account you want to move money from, select the Transfers option and then choose which of your accounts you want to transfer the money to. Type the amount and let us take care of the rest.

Transfers are available on Android, iPhone, BlackBerry10 and Windows. This feature is also available on our iPad app.

Pay Your Contacts Pay your friends with their mobile number

Open your mobile app, click on the ‘Pay Your Contacts’ option, enter their mobile number, the amount you want to pay them and add a personal message. The person will receive the money in their account instantly.

Some important information

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. 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.

Pay Your Contacts is available for NatWest customers on Android, iPhone, BlackBerry10 and Windows.

Get the app
use Pay Your Contacts to send money using just a mobile number
Pay Your Contacts Pay your friends with their mobile number

Open your mobile app, click on the ‘Pay Your Contacts’ option, enter their mobile number, the amount you want to pay them and add a personal message. The person will receive the money in their account instantly.

Some important information

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. 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.

Pay Your Contacts is available for NatWest customers on Android, iPhone, BlackBerry10 and Windows.

Get the app
Other account options

Your Student Account will automatically switch to a Graduate Account. But if you're looking for an account with added benefits, these start from £10 a month for a Select Silver Account.

Find out more about our current accounts
Your documents

Your policy will give you important information about your account. We may update them from time to time, but we will always show the latest versions here. Please print or save a copy for your records. 

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