Reward account - £2 monthly fee
Relax this summer with fee-free debit card purchases when abroad until 31 August
Rewards are our way of giving you something back
Get rewarded on 7 types of household bills paid by Direct Debit. Your Reward balance could grow quickly, they’re easy to earn and they’re easy to exchange. This account can be opened as a joint account.
To apply, you must be 18+ and a UK resident. To earn Rewards you need to log into Online or Mobile Banking at least once every three months and pay in £1,500 to an eligible NatWest account every month.
What are Rewards?
What are Rewards – in detail
When you open a Reward account, you’ll earn Rewards on selected household bills. You could earn £83 on average in Rewards a year. This figure is based on paying 7 types of selected household bills of £345 a month and is before the Reward monthly account fee is paid. 5 Rewards = £5.00.
How do I earn Rewards?
How do I earn Rewards? – in detail
When you open a Reward bank account, you’ll earn Rewards on selected household bills. You could earn £83 on average in Rewards a year. This figure is based on paying 7 types of selected household bills of £345 a month and is before the Reward monthly account fee is paid. 5 Rewards = £5.00.
2% back in Rewards on eligible household bills
You’ll automatically earn Rewards on the following bills as long as you pay them by Direct Debit; Council Tax, water, gas, electricity, mobile, landline TV package and broadband.
1% back in Rewards at partner retailers
You can earn at least 1% at our partner retailers when you use your NatWest debit card.
What you should know
Payments to billing organisations which are for other services such as maintenance, repairs or insurance will not earn Rewards.
How do I exchange Rewards?
How do I exchange Rewards – in detail
Once you have opened your Reward bank account you can set up a MyRewards account. This is where your Rewards are automatically stored. It’s also where you go to check your personalised offers or your Rewards balance. 5.00 Rewards = £5. Once it’s the equivalent of £5 or more, you can choose any of the following:
Convert your rewards into money by simply transferring it into your NatWest bank account. It takes 5 days to clear into your chosen account.
Exchange your Rewards for gift cards or codes at our selected partner retailers.
Convert your Rewards into money and donate it to one of our chosen charities.
Mobile Banking app
Mobile Banking app - in detail
Log in with your fingerprint on selected Apple and Android devices– it’s simple, secure and fast.
Check your balance on the move – handy if you’re out shopping and want to know how much you can safely spend. You can also keep track of your Rewards balance.
Easily manage payments and Direct Debits – keep an eye on your direct debits and remind yourself what you could be earning Rewards on.
Get cash without your card – Ideal if you’ve left your card at home. Simply go to any NatWest or Tesco cash machine and follow the steps in the app. You can withdraw up to £130 every 24 hours.
That’s only half the story. Find out what else you can do with our award-winning app.
More about our Mobile Banking app
Arranged Overdraft - in detail
An Arranged Overdraft is a short-term way to borrow and can be a really useful way to pay for unexpected bills. An Arranged Overdraft means we’ve approved extra funds for you, which are available on your current account.
What you should know
You can arrange an overdraft with this bank account. We will only charge you interest and/or fees if you use your Arranged Overdraft. Subject to eligibility.
How much will I get?
It depends. We’ll look at your individual circumstances and decide on your overdraft limit. We’ll take into account age, earnings and credit rating. Here’s a representative example, If you get an arranged overdraft limit of £1,200 on your bank account and use all of it, you will be charged arranged overdraft interest at 19.89% EAR (variable) and a monthly usage fee of £6.
Visa debit card
Visa debit card - in detail
Use your Visa Debit card to pay for purchases in shops and online, travel, meals out, coffees etc.
What is contactless?
Want to pay quickly and securely for amounts of less than £30? Just look for the contactless symbol, then touch your card against the reader. Simple as that! You can also pay contactless by using Apple Pay or Android Pay.
24/7 banking - in detail
Because we all lead busy lives, we’ve made it easy for you to access your account whenever it suits you, through our Online Banking or our Mobile Banking app. Alternatively call one of our UK call centres, available 24 hours a day.
Everyday support - in detail
Our bank accounts are designed to help you with your day to day banking needs. You can set up text alerts and manage Direct Debits as a convenient way to pay household bills or memberships to gyms etc.
What are text alerts?
Text alerts are a really neat way of keeping tabs on your money. You can get a text alert to let you know when your balance is about to go below a certain limit, or to let you know what your balance is at a specific time. You can set them up when you fill in the online application form or in our Mobile Banking app.