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Premier Reward - a premium account that Rewards you
Earn monthly Rewards plus our Premier Banking service
Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners
£9 a month back in Rewards on 2 Direct Debits - they need to be at least £4.50
£1 a month back in Rewards when you log in to our mobile app. Criteria applies.
Get expert help to make the most of your money and tackle life's unexpected surprises with our Premier Banking service
Stay in control with the NatWest app
Arranged overdraft available (subject to eligibility)
Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Debit
£2 monthly fee
To earn Rewards you need to pay in £1,250 to an eligible NatWest account every month.
What you'll need to open this account
To apply, you need to be 18+ and a UK resident and meet ONE of the following:
Income
A minimum £100k sole income or £120k joint income paid into a NatWest account.
Mortgage borrowings
Savings or investments
I already have a Premier Reward account
Find out how to set up and use your account benefits.
Account features
About Rewards OpenClose
Earn Rewards
Exchange Rewards
As soon as your available Rewards balance is the equivalent of £5 or more, you can log in to MyRewards to exchange them. Keep in mind, if you choose to bank your Rewards it will take 5 working days to clear.
Discover Premier OpenClose
Help when you need it
Protect what matters
Plan for the future
The NatWest app OpenClose
The NatWest app
App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries.
- 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. Limits apply.
- Register your travel plans – reduce the chance of your debit card being blocked while you’re abroad. Criteria apply.
Overdraft details
How do overdrafts work?
How overdrafts work - details
There are two different types of overdraft:
- An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you.
- An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit.
We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.
How much will an overdraft cost?
How much does my overdraft cost in pounds and pence?
This account offers an Overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool.
As an example, the interest cost of using a £500 arranged overdraft is:
Time Period | 7 days | 30 days | 60 days |
Interest Cost | £3.24 | £13.87 | £28.13 |
This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days.
Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handy cost calculator.
If you don't pay it back, it could have an impact on your credit score.
How does our overdraft compare?
A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.
Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200.
Open this account online
Apply online
Upload your ID
At the end of your application we might ask you to provide photo ID and proof of address. We’ll also ask for a short video to compare to your photo ID. We'll then check your details with our security partners Mitek or DigiDocs.
We'll check your details
Start using your new account
Switch to NatWest
The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account to your new 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.
We can not switch savings accounts or ISAs through this service. Any other products you have with your old bank will not be moved at the same time.
Current Account Switch Guarantee (PDF, 39KB)
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
Pay in £1,250 each calendar month to any eligible personal current account you have with us.
Do not currently hold 2 Reward accounts.
Not sure a Reward account is for you? Look into our Premier Select bank account with no monthly fee.
You also need to meet one of the following:
Earn a minimum of £100k sole income or £120k joint income paid into your NatWest account.
Have £500k minimum mortgage borrowing with us.
Have £100k minimum savings or investments held with us.
Now please take a look at the important legal stuff
If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Online Banking - not posted. Please take some time to review, print and/or save the important information.
All kinds of general info about our current accounts. Including details about the Premier Reward Account.
Very important information about how your money is protected. Just in case.
How much our charges will be. From taking cash out abroad to an unarranged overdraft.
Important basic info about the bank. For example, who regulates us and how to complain (hopefully you won't need that bit).
How we promise to treat you, if we lend you money. And what we expect from you in return.
All the detail about MyRewards. From how to earn Rewards and how to exchange them, to how we’ll keep in touch with 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.
As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.