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Premier Bank Accounts

Open a Premier Reward account

A Premier account that Rewards you

From your first conversation, we'll get to know you, and consider all areas of your finances. That way we can help you make informed decisions about your goals, plans and needs.

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.

Why a Premier Reward account?

Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On 1st February 2020 we're changing the way you can earn Rewards.

Expert help on the phone or online, and one-to-one support when you need it.

£2 monthly fee

I already have a Premier Reward account

To join Premier you'll need to be 18+ and a permanent UK resident and meet one of these criteria:

Income

Minimum £100k sole income or £120k joint income paid into your NatWest account

Mortgage borrowings

£500k minimum mortgage borrowing with us

Savings or investments

Minimum £100k savings or investments held with us

About Rewards

What are Rewards?

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.

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 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.

We're changing the way you can earn Rewards

On the 1st February 2020, instead of earning 2% back in Rewards on household bills, you'll earn £9 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits need to be at least £4.50 each. Plus, earn an extra £1 a month back in Rewards with 1 mobile app log in.

That's up to £10 a month back in Rewards to spend on whatever you like!

More features

Mobile banking app

Our Premier branded mobile banking app is secure and easy to use.

£2 monthly fee

A bank account that rewards you.

Overdraft details

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

We're changing our overdraft pricing

Between 27 March and 2nd April 2020, we will be making some changes.

How much will an overdraft cost?

Understand the cost and impact of arranged and unarranged overdrafts. If you don't repay what is owed, you could harm your credit score and borrowing capability.

Switch to NatWest Premier

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the Switch to start.

Current Account Switch Guarentee (PDF, 39KB)

A guide to Switching Current Accounts (PDF, 3 MB)

How does the Switch Service work?

How to apply online

Have ID ready

Make sure and have your passport, driving license or EU ID card to hand before starting your application.

How long will it take?

You should be able to complete the online application within an average lunch break.

Receive a welcome call

New to NatWest? We'll give you a call within two working days to chat through what Premier has to offer.

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

 
are aged 18+ and a UK resident
will log into Online or Mobile Banking at least once every three months
will pay in £1,500 each calendar month to any personal current account you have with us. Excludes Foundation and transfers between your own NatWest accounts


You must also meet one of these criteria:

Minimum £100k sole income or £120k joint income paid into your NatWest account.

£500k minimum mortgage borrowing with us.

Minimum £100k savings or investments held with us.

Now please take a look at the important legal stuff

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.

All okay? You're nearly ready to start.

We need to do a few final checks with you. They'll only take a minute.

I want a...

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I have a current account with NatWest...

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Contact Premier 24 today

As an existing NatWest customer, there is no need to open new accounts.

Simply contact Premier 24 and speak to one of our telephony staff who will confirm a few details and arrange a time that suits you to speak with one of our dedicated Premier Banking Managers who will welcome you to Premier.

Telephone: 0333 202 3330

International: +44 161 933 7239

Minicom: 0800 027 1395

I know my Online Banking details...

Great, looks like you're all set and ready to go.

Great, looks like you're all set and ready to go.

Great, looks like you're all set and ready to go.

I know my Online Banking details...

Great, looks like you're all set and ready to go.

Great, looks like you're all set and ready to go.