Compare Overdraft costs | NatWest - current accounts

Understand and compare Arranged Overdraft Costs

If you use your Arranged Overdraft you will have to pay interest and fees, this will depend on your current account type. 

Select your account type below to get information on the cost of an Arranged Overdraft for your account type:

Select Account

Select

Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£10 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Select Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable) and a monthly Arranged Overdraft Usage Fee of £6.
Reward or Reward Private

Reward & Reward Private

Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£10 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Reward Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £2.

 

Reward Silver

Reward Silver

Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£10 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Reward Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £12.

 

Reward Platinum

Reward Platinum

Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£250 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Reward Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £19.

 

Reward Black

Reward Black

 

Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£500 £6 1.16% 13.96% 14.89%
Representative Example: If you have a Reward Black Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 14.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £28.

What is an Unarranged Overdraft?

When you spend more money than you have in your current account and haven't agreed an Arranged Overdraft limit beforehand, or gone over your existing Arranged Overdraft.

What are the fees that I would be charged for using an Unarranged Overdraft?

There are two types of fees you may be charged if you enter an Unarranged Overdraft:

Unarranged Overdraft Usage Fee

This is a daily fee NatWest charge if you use an Unarranged Overdraft by more than a certain amount, that amount is typically £10.

Unpaid Transaction Fee

NatWest may decide not to pay some transactions if you are already in an Unarranged Overdraft, or, if the outgoing transactions would make you enter an Unarranged Overdraft.

We won’t charge you more than £80 in a monthly charging period for an unarranged overdraft or any unpaid transactions.

Unarranged borrowing fees explained

Fee Amount  Maximum number of fees per charging period 
Unarranged Overdraft Usage Fee (for Unarranged Overdrafts of more than £10) £8 per day 9
Unpaid Transaction Fee  £8  1
Monthly Maximum Charge £80  

 

More on the Monthly Maximum Charge

Monthly cap on unarranged overdraft charges

1. Each current account will set a monthly maximum charge for:

  • going overdrawn when you have not arranged an overdraft; or
  • going over/past your arranged overdraft limit (if you have one).

2. This cap covers any:

  • interest and fees for going over/past your arranged overdraft limit;
  • fees for each payment your bank allows despite lack of funds; and
  • fees for each payment your bank refuses due to lack of funds. 
This is a standard definition of the monthly maximum charge but please note that we don’t charge unarranged overdraft interest.

Buffer limit or interest free threshold

Some of our current accounts have a buffer limit, or an interest free threshold

If you stay within the limit for your account type below you won't pay interest or fees.  

 

Type of Account  Interest free threshold
Black Account, Reward Black £500
Select Platinum Account, Reward Platinum £250
Select Account, Reward, Select Silver & Reward Silver £10
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