Current Account

Reward Silver account

Get more with your bank account

£10 monthly fee

Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average our Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. 

Also includes insurance cover for European travel and your mobile phone. 

Like all of our current accounts, you can pay your way - use Apple Pay and Google Pay™ for payments with your phone, and Paym, to send money securely with just a telephone number and our mobile banking app

Features and benefits


What are Rewards?

Rewards are our way of giving you something back. Get rewarded on 7 types of household bills paid by Direct Debit. Your Reward balance can grow quickly, they’re easy to earn and they’re easy to exchange.

What are Rewards – in detail

When you open a Reward Silver 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?

You’ll earn 2% on eligible household bills paid by Direct Debit and at least 1% at our partner retailers.

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

1% back in Rewards at partner retailers

You can earn at least 1% at our partner retailers when you use your NatWest debit card.

Earn additional Rewards when you shop with our Reward credit card. Representatative 23.7% APR (variable). Annual fee applies - refunded if you have a Reward current account.

To apply you must be 18+, a mainland UK resident and earning at least 10k per year. Check it out

How do I exchange Rewards?

It’s easy. Once your balance has grown to at least £5, we’ll give you a choice of what you can do with them. You can bank them, trade them or donate them to one of our chosen charities.

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:

Bank it

Convert your rewards into money by simply transferring it into your NatWest bank account. It takes 5 days to clear into your chosen account.

Trade up

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.


Travel insurance

Do you love to travel? This account offers European travel insurance that covers you for up to 22 days per trip. The policy also includes winter sports cover (underwritten by U K Insurance Limited).

Travel insurance – in detail

The policy 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 call 0345 601 5219 (or Minicom number 0345 600 0512).

If anyone covered by the policy is 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.

Travel money

Get great deals on foreign currency from our Travel Money Service. We'll even deliver the money to your door.

Travel money - in detail

Order in advance online or over the phone. Orders must be through Membership Services to receive preferential rates. Minimum order of £100 applies, maximum £2,500.

Fee free debit card purchases abroad

No Foreign Purchase fee when you use your Reward Silver debit card abroad.

Fee free debit card purchases abroad - in detail

Use your Reward Silver debit card for purchases anywhere in the world without the worry of incurring extra charges or carrying around lots of cash.

No Foreign Purchase fees when you make a payment outside the UK or payment in a foreign currency.

Not valid for ATM withdrawals. Other local fees may apply.


Mobile phone insurance

When bad things happen to your mobile, you need good cover. Our mobile phone policy covers loss, theft, accidental damage and breakdown (once your warranty has expired). Underwritten by Aviva Insurance Limited.

Mobile phone insurance in detail

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.

1 successful claim can be made on this policy in any 12-month period.  If this is a joint account, both account holders can make 1 successful claim, with a maximum of 2 per account.

Claims are settled by repairing your phone, where possible.  If we are unable to repair your phone, or it has been lost or stolen, we will replace the phone.  Our replacement phones are refurbished handsets in ‘as new’ condition using genuine manufacturer parts.

There is a £100 excess for each successful claim.



Cinema discount

Take advantage of up to 40% off the price of cinema tickets

Cinema discount in detail

Buy online through membership services and take advantage of up to 40% off the price of cinema tickets.

Valid at over 250 UK cinemas including Vue, ODEON and Showcase.

Any day, any time, any film.



If you love eating out, you’ll love this offer: get 2 for 1 or 50% off your food bill at thousands of restaurants UK wide.

tastecard in detail

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.

Not sure this account is for you?

View our range of accounts, which includes our everyday bank account with no monthly fee and all the standard features that help make your banking hassle free.

All the basics

Switch bank accounts

We can help you switch bank accounts with the Current Account Switch Service.

Switch bank accounts

We’ll do all the work when it comes to switching. This will include moving everything across from your old account to your new NatWest account, including Direct Debits, standing orders etc. all within 7 working days. All you need to do is tell us the details of your old bank account and when you want the Switch to start.

How does the Switch Service work?

Mobile app

Stay in control of your money with our easy to use mobile banking app.

Mobile app

Our mobile app is available to Online Banking customers with a UK or international mobile number in specific countries.

What can you get up to with our mobile app?

Log in with your fingerprint on selected Apple and Android devices– it’s simple, secure and fast.

View, cancel and amend your regular payments – so you manage your bills where and when it suits you. Limits apply.

Easily pay family and friends using their mobile number - (as long as they have our mobile app or are registered for Paym). Pay Your Contacts makes it quick and easy, and they’ll get the money instantly. Limits apply.

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. More about Mobile app.

Arranged Overdraft

There for those unexpected bills that can pop up occasionally.

Arranged Overdraft

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.  

More about Overdrafts

How to open an account online

Set up your account

Complete the application form and receive a sort code and account number instantly. Getting you closer to having your account open.

Grab your ID

Take a moment to grab your ID. We’ll need some details from you, such as your address history, monthly income and some ID.

Apply online

It's quick and easy. You can start your online application right now if you're ready.

Ready to apply

You can apply if you are:

Aged 18+ and a UK resident.

To earn Rewards you need to log into Online or Mobile Banking at least once every three months 

Not sure Rewards are for you?

View our everyday bank account with no monthly fee.

Please review the important legal stuff:

By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents, including the FSCS information sheet. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Online Banking

What you need to know

Your ‘Insurance Product Information Document’ and your ‘What You Need to Know’ are available in a paper format. Let us know if you’d like this posted to you.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

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