Premier bank accounts

Premier Reward account

Join Premier with an 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 Premier Reward?

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

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

£2 monthly fee

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

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Income

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

£500k minimum mortgage borrowing with us
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Savings or investments

Minimum £100k savings or investments held with us

Product features

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.

Further information

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.

Earn Rewards

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.

Further information

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

Exchange Rewards

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.

Further information

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.

Donate

Convert your Rewards into money and donate it to one of our chosen charities.

Other features...

Mobile banking app

Our Premier branded Mobile app is secure and easy to use.

Further information

It’s so good; it was voted ‘Best Banking App’ in the British Bank Awards 2018.

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

Check your balance on the move – you can also keep track of your Rewards balance.

Easily manage your payments and Direct Debits – keep an eye on your Direct Debits and remind yourself what you’ll be earning Rewards on.

Register your travel plans – reduce the chance of your debit card being blocked while you’re abroad.

More about our Mobile Banking app

Expert help, 24/7

Available online or on the phone, when and where you need it.

Further information

With Premier you'll have an expert team available who have the knowledge and resources to support you, day or night.

They can help you:

Make larger value domestic and international payments

Book time with your Premier Banking Manager

Manage your direct debits


Call and you’ll reach us directly - no recorded messages or annoying hold music.

Telephone: 0333 202 3330
International: +44 161 933 7239
Minicom: 0800 027 1395

Arranged overdraft

To help you out with those unexpected bills.

Further information

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 14.89% EAR (variable) and a monthly usage fee of £6.

Visa debit card

Premier Reward comes with a Premier branded Visa debit card.

Further information

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.

Joint Accounts

This account is available as both a sole or joint account.

Further information

When applying, make sure you have the ID details for both people who are looking to open the joint account.

£2 monthly fee

A bank account that Rewards you

Choose from our range of accounts

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 including monthly fee) based on monthly bills of £345. All this for £2 per month.

However we do have other options:

Premier Select

 

If you simply want to join our Premier service and want a basic bank account to get you started, the Premier Select account may be for you.

 

Premier Reward Black

 

With our Reward Black account you can enjoy worldwide family travel insurance, access to over 1,000 international airport lounges with Dragon Pass Premier , 24/7 Concierge Service, UK and European car breakdown cover as well as 2% back in Rewards on 7 types of household bills paid by Direct Debit.

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.

To open this account you must meet these requirements:

 
Aged 18+, a UK resident and not been declared bankrupt in the last 6 years
 

To earn Rewards on your household bills, you need to:

Log into Online or Mobile Banking at least once every three months

Pay in £1,500 each calender month to any personal current account you have with us (excluding Foundation). The £1,500 can’t be transferred from another of your 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.

Important information

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.

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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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 (into/to) Premier.

 

Telephone: 0333 202 3330

International: +44 161 933 7239

Minicom: 0800 027 1395