Bank accounts
On this page
About this account Open in new window
Features and benefits Open in new window
Open a bank account online - FAQs Open in new window
Compare other current accounts Open in new window
Ready to apply Open in new window
To apply, you need to be 18+ and a UK resident. You need to also pay in £1,250 to an eligible NatWest account every month. You can only hold a maximum of 1 Reward account in your name, and 1 joint names.
Why choose a Reward account?
Earn from 1% in Rewards when you spend with your NatWest debit card at our partner retailers.
Redeem Rewards as money back into your current account, trade them up for eGift cards, or donate them to charity.
Easily use our mobile banking app.
Arranged overdraft available (subject to eligibility).
Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Debit Card.
£2 monthly fee.
Award-winning
This account packs a punch, that's why it's award winning.
YourMoney.com voted NatWest as 'Best everyday current account provider', plus this current account was given 5 stars by the Defaqto experts in 2024.
Open a bank account today Open in new window
Our App is available to personal and business banking customers aged 11+ using compatible iOS and Android devices. You'll need a UK or international mobile number in specific countries.
Learn how to earn and exchange Rewards
Earn rewards
Up to £5 a month back
Earn £4 a month back in Rewards for 2 or more Direct Debits (2 of those Direct Debits needs to be at least £2 each). Plus, earn an extra £1 a month back in Rewards with 1 mobile app log in. That's up to £5 a month back in Rewards to spend on whatever you like!
Also earn from 1% in Rewards when you spend with your NatWest debit card at our partner retailers. Check out our current retailers in the mobile app.
Your Rewards balance can grow quickly, they're easy to earn and they're easy to exchange!
Exchange Rewards
For cash back, gift cards and more
Once you reach £5 in Rewards, the choice is yours. Redeem Rewards as money back into your current account, trade them up for eGift codes, or donate to one of our chosen charities.
How to exchange your Rewards
Great news, there is no need to set up your Rewards. You can see your MyRewards balance and claim straight from the NatWest app with the touch of a button. There's no need to use a password.
Keep in mind, if you choose to bank your Rewards it will take 5 working days to clear.
Information Message
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.
Details on how overdrafts work Close
Close
How overdrafts work - details
There are two different types of overdraft:
- Anarrangedoverdraft, 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.
- Anunarrangedoverdraft. This is when you spend more money than you have in your current accountwithoutalready 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.
More about Overdrafts
Close
How much will an overdraft cost?
Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.
Details of overdraft costs Close
Close
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 oureligibility 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 handycost 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.
Close
Is a Reward account a cashback bank account?
The NatWest Reward bank account is similar to a cashback bank account – but it’s a bit more flexible. You can earn up to £5 a month back in Rewards for small things like logging into ourmobile app and setting up direct debits.
You have multiple options. You can redeem your Rewards for cashback into your account, exchange them for e-gift cards, or donate them to charity.
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)
A Guide to Switching Current Accounts (PDF, 3MB)
How does the Current Account Switch Service work?
Open a bank account online - FAQs
We accept the following forms of ID when opening a NatWest Reward current account.
Proof of ID:
- UK or foreign passport & Visa.
- EU/EEA National Identity Card.
- UK/EU/EEA driving licence.
Proof of address:
- Utility bill (for example, gas, electric or water).
- Bank statement.
- Council tax bill.
- Driver’s licence.
More details on Proof of ID and address
If you're new to NatWest, we'll ask for information about you like: full name, home address and contact details. We'll also ask about your nationality and tax residency status (which country you pay tax in).
If you already bank with NatWest, you can use your Online Banking details to log in to the application form and we'll pre-fill some of your details in the form to make it speedier.
If you're eligible for an overdraft, we'll ask about your finances and your monthly take home pay.
Have these details ready to speed up the application process.
If you're a new customer, we have to confirm your identity to make sure we’re opening the account for the right person. We do this through our trusted online identification and security partner, Mitek.
Mitek can quickly and safely verify people from all over the world using digital footprints, ID document authentication and facial biometrics. It’s not only safer, it also speeds up the application process meaning your account is opened faster.
This way, we can check you are you, while keeping your details completely safe and secure.
You should receive your debit card 3 - 5 working days after your Reward bank account is open.
Download the NatWest appto manage your money, make payments and regularly check your balance.
Banking My Way is a free service that allows you to record information about the support or adjustments you need to make banking easier. When you let us know about any additional support you may need, we’ll ensure our colleagues are made aware. The information will be shared on our internal systems, meaning you won’t need to repeat your requirements every time you speak to us.
Once your account is open, you can record this through Online Banking, or with our colleagues in branch or over the phone.
- Learn more about Banking My Way
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 or over and a UK resident
will pay in £1,250 each calendar month to anyeligible personal current accountyou have with us
do not currently hold 2 Reward accounts.
Not sure a Reward account is for you? Look into our Select everyday bank account with no monthly fee.
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 Reward Account.
Download PDF (169 KB)
Very important information about how your money is protected. Just in case.
Download PDF (105 KB)
How much our charges will be. From taking cash out abroad to an unarranged overdraft.
Download PDF (133 KB)
Important basic info about the bank. For example, who regulates us and how to complain (hopefully you won't need that bit).
Download PDF (45 KB)
How we promise to treat you, if we lend you money. And what we expect from you in return.
Download PDF (44 KB)
All the detail about the scheme. From how to set it up and how to earn Rewards, to how we’ll keep in touch with you.
Download PDF (79 KB)
How your information might be used
It's important for you to understand how we use and share your information. Please read thisshort summarybefore 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 thisbiometric datais captured.
Compare alternative current accounts
Select bank account
The everyday, fee-free bank account
Quick to set up, easy to use and zero monthly fees. The Select account is perfect if you want to keep things simple. It’s full of useful saving, budgeting and bill-splitting tools too.
Must be 18+ UK resident to apply.
Continue to Select account
Student bank account
Making uni life easier and more affordable
Get an interest-free overdraft to help you pay for uni costs. Plus, a free, four-year student tastecard for discounted restaurant bills, streaming and more.
Specific account eligibility criteria apply. Overdraft subject to eligibility.
Continue to Student account
Child & Teen bank account
Our under 18's bank account
Our Adapt account (ages 11-17) gives you your own current account and debit card. Or, start out with our Rooster pocket money app for kids, with a prepaid debit card.
Eligibility criteria, fees & charges may apply..
Joint bank account
Banking together, made simple
Buddy up with your partner or someone you trust. With our joint account options, you can pool money for bills, mortgages, rent or groceries. It’s easy to switch to NatWest and get shared access to a Select, Reward account or savings account.
Continue to Joint accounts
Other ways we could help
Opening a bank account
When you’re opening a bank account there are a few different things you’ll need to hand.
What you’ll need to open a bank account
Compare current accounts
Not sure which type of bank account is right for you? We could help you there.
Compare current accounts today
Build a budget
Do you struggle to save money at the end of each month? Our budget calculator could help you.
Calculate your budget
