You can also earn 1% on debit card purchases with selected retailers. It's important for you to understand how we use and share your information. Every month, get £4 back in Rewards every when you pay 2 or more Direct Debits  from your reward account (2 of those Direct Debits need to be at least £2 each), £1 back in Rewards when you log into our mobile banking app and at least 1% back in Rewards when you spend at our partner retailers. NatWest will give £125 to each new or existing customer who switches into one of its rewards accounts: NatWest Reward, Select, Rewards Silver, Reward Platinum, or Reward Black. Download the NatWest app to manage your money, make payments and regularly check your balance. You'll need your NatWest debit card number on … It costs £2 per month but comes with a number of benefits. As an example, the interest cost of using a £500 arranged overdraft is: This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days. As soon as your available Rewards balance is the equivalent of £5 or more, you can log in to MyRewards to exchange them. From how to set it up and how to earn Rewards, to how we’ll keep in touch with you. Exchange your Rewards for e-codes from a range of partner retailers. Get the most from your NatWest Premier account. You'll need your NatWest debit card number on hand. Reward or Reward Black Current Account holders: £0 per annum 23.7% (variable) 1% Rewards earned on supermarket spend and 0.25% at their petrol stations, at least 1% Rewards earned at MyRewards retailers and 0.25% everywhere else when shopping at home and abroad. Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Otherwise, we may convert your Reward account to a Select account. For £2 a month you'll get: £4 a month back in Rewards for 2 or more Direct Debits (at least £2 each) £1 a month back in Rewards with 1 mobile app log in. Representative Example: Effective Annual Rate: 39.49% EAR (variable). Your Premier Reward Black account offers a range of exclusive perks, including: Worldwide family travel … Purchase rate. Whether you're new to saving, or more of an expert, our Savings Hub is designed to help you find the savings account that best suits your needs. 1% back in Rewards when you spend at our partner retailers: Caffe Nero, Europcar and more. The NatWest Reward account, for Britons who may be interested in this option, offers £3 a month in cashback. If you have a Reward or Reward Black Credit Card, you may not be able to view your MyRewards using the app. New customers must: (a) Apply for, and complete the account opening process for a NatWest Select, Reward, Premier Select or Premier Reward account (‘new eligible current account’) via natwest.com or via the mobile app, between 19th October 2020 and 19th November 2020. Select the account and amount that you would like to redeem. If you don't repay what is owed, you could harm your credit score and borrowing capability. CURRENT account customers who switch to NatWest will be rewarded with £125 in cash under the bank's new offer. Reward Account eligibility (for accounts opened on or after 26th June 2017). You will need to use the Current Account Switch Service and you cannot have received a bonus before a certain period – you will need to check the current terms and conditions. Chanchi32. £31 monthly fee To upgrade, you need to be an existing NatWest current account customer. To speed up your application for our Reward account, we need to do a few final checks with you. If you have a Reward current account, logging into the app every month gives you £1 back in Rewards per month. The most common proof of ID and address documents we accept: If you're new to NatWest, we'll ask for information about you like: full name, home address and contact details. 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. To be eligible for a MyRewards account you must have one of our Reward current accounts range and/or a Reward credit card. Do not currently hold 2 Reward accounts 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. App available to customers aged 11+ using compatible IOS and Android devices and a UK or international mobile number in specific countries. 1% cashback on supermarket spend, 0.25% elsewhere and the £24 annual fee is refunded if you have the NatWest Reward current account. From taking cash out abroad to an unarranged overdraft. Earn an extra £1 back in Rewards every calendar month you log into our mobile banking app (criteria applies). Get £125 by switching your current account to NatWest Select / Reward Account @ NatWest NatWest Bank Deals. Just to make life easier for you. Earn 1% in Rewards on your supermarket spend, between 1-15% in Rewards at selected MyRewards retailers and 0.25% everywhere else you shop. You can earn up to £60 a year (before the Reward monthly fee is paid) as well as at least 1% on what you spend at participating retailers. You can Trade up Rewards at one of our partner retailers, Bank it and exchange your Rewards for money or Donate to one of our chosen charities. Will we have joint MyRewards? If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. Use your travel benefits including worldwide travel insurance, airport lounge access, and Black travel service. Understand arranged and unarranged overdrafts and their impact on your account. 5 Rewards … There are a lot of current accounts around at the moment that are offering ongoing rewards for making minimum payments in to your account or simply switching to them. But from 1 February 2020, this will be replaced by a maximum monthly reward of £5 if you meet certain conditions. Have these details ready to speed up the application process. Below are a selection of some of the best deals around at the moment. The NatWest Reward credit card is a good choice. Understand the cost and impact of overdrafts and whether you're eligible to apply for one. Representative APR: 39.49% APR (variable). If you signed up for Cashback Plus before 12th October 2015, you are currently earning at least 1% Rewards at our Partner retailers and in personalised offers. We do this through our trusted online identification and security partner HooYu. You can open a joint bank account with any of our current account products, excluding Student and Adapt (child) accounts; NatWest Select - our basic everyday banking account, with the features you'd expect from a standard account, and no fee.. Our Reward current accounts - 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. ... We have a joint current account. Plus, earn an extra £1 a month back in Rewards with 1 mobile app log in. To apply, you must be 18+ and a UK resident. It'll have a link to securely upload your documents for us to check. You need to also meet one of the following criteria: have a minimum £100k sole income or £120k joint income paid into your NatWest account, or £500k minimum mortgage borrowing with us, or minimum £100k savings or investments held with us. To view and use your account benefits visit: Rewards are easy to earn. You must be over 18 and a UK resident. How much our charges will be. For a £2 monthly fee, you earn 2% back on your water, council tax, gas, electric, broadband, TV. Look out for an email and text after you have applied from our security partners, DigiDocs. Plus all the features of our everyday bank account too. Please and/or save a copy of these documents. Currently NatWest and RBS current account holders can earn 2% cashback on seven household bills—council tax, gas and electricity , water, mobile, TV and landline packages, and broadband —if they’re paid from the account by direct debit. Your Rewards balance can grow quickly, they're easy to earn and they're easy to exchange! Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners, Arranged overdraft available (subject to eligibility), Multiple ways to pay: Apple Pay, Google Pay™  and Contactless Visa Debit. Current accounts that reward you when you spend. Once  you reach £5 in Rewards, the choice is yours. Depending on what ID we need to see, we may ask you for: Don't worry, if you don't have these with you when you're applying you can choose to do this later. 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. Very important information about how your money is protected. Going in to an unarranged overdraft limit can lead to payments being rejected. Pay in £1,250 each calendar month to any eligible personal current account you have with us. Change your Rewards into money which you can either transfer into your NatWest current account or use towards reducing your Reward Credit Card balance. Including details about the Reward Account. £4 in Rewards for paying out at least 2 Direct Debits; £1 for logging in to the mobile app; you can exchange your rewards for cash or with one of Natwest trade up partners for increased value Annual Fee applies. Switcher service made the transition seamless. 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). Alternatively, you register your MyRewards account with your active NatWest Reward account debit card or your active Reward credit card, which will allow you to access your MyReward account via Online banking or a web browser. There's no need to use a password anymore. The NatWest Reward Current Account is one of many accounts that NatWest offer. Look into our Select everyday bank account with no monthly fee. As soon as your available Rewards balance is the equivalent of £5 or more, you can convert your Rewards to money, which you can either transfer into your NatWest bank account or use towards reducing your credit card balance. I disagree with you, if I closed the account and had no NatWest account then once the rewards were no longer pending, there wouldn't be a NatWest account to pay them into, and both your method and mine would mean not having a Reward account. Assumed credit limit: £1,200. Specific account eligibility criteria and conditions apply. View our full list of partner retailers. Customers with reward current accounts from NatWest and RBS will stop earning cashback on their bills from 1 February 2020, the banks have announced. As soon as your available Rewards balance is the equivalent of £5 or more, you can log in to MyRewards to exchange them. Copyright © National Westminster Bank plc 2020, Please choose an option below to continue. It’s not only safer, it also speeds up the application process meaning your account is opened faster. We could help, We support you through different life events, UK utility bill (gas, electricity, water, home telephone), Photo ID, such as driving licence, Passport or EU ID card, Proof of your address, such as a utility bill, bank statement or driving licence, Photo ID, such as Drivers licence, Passport or EU ID card, Proof of your address, such as a utility bill or bank statement, The account number and sort code of the account you want to change, The account number, sort code and debit card number of the bank account you want to switch to NatWest, The account number and sort code of your existing NatWest current account. We've just added Digital Regular Saver to our range of savings accounts. You can get £125 for switching your current account to a new NatWest Select (no monthly fee) or Reward bank account (£2 monthly fee - up to £5 a month in rewards/cashback). Keep in mind, if you choose to bank your Rewards it will take 5 working days to clear. And what we expect from you in return. All kinds of general info about our current accounts. 1) Cashback Rewards NatWest Reward Account. For example, who regulates us and how to complain (hopefully you won't need that bit). Earn 1% back in Rewards with our Partner Retailers. Please read this short summary before you continue with your application. How we promise to treat you, if we lend you money. NatWest has told us that there are no further changes to the Reward current accounts planned, so customers will continue to earn at least 1% back in rewards on spends with the bank's partner retailers, including the likes of Caffè Nero and Europcar. All you need to do is tell us the details of your old bank account and when you want the Switch to start. Earn at least 1% back in Rewards when you spend using your NatWest Visa Debit card at one of our partner retailers. It requires a monthly pay in of £1,250 for those who set up the account. Then we can make your application as quick and simple as it can be. 1 … Looks a… Read more. They'll only take a minute. We have a range of accounts which you could have access to if you open a current account with us. Download PDF (45 KB)      Send in the post. If you don't pay it back, it could have an impact on your credit score. I did go into the branch, they couldn't help me and they advised downgrading the account. The 2% however, is the cash value of those rewards – i.e. NatWest has a Reward current account which has a £2 monthly charge (Image: GETTY) Those who are new to NatWest can apply to switch to a Select or Reward account. You’ll need these bits of info handy for your application: The Current Account Switch Service will move everything across from your old bank account to your NatWest current account within 7 working days. Keep in mind, if you choose to bank your Rewards it will take 5 working days to clear. To login, you first need to set-up your MyRewards account. You'll get our highest interest rate when you save between £1-£50 by standing order each month, on balances up to £1000. If you want to learn more about our different types of Reward accounts, we can help. As you're changing your account, the account details and debit card will stay the same. See your MyRewards straight from the app with the touch of a button. Three different bank accounts packed with benefits to choose from. Just in case. An arranged overdraft can be useful for short term borrowing. Before you apply, we need to check you're happy with a few things. To apply, you must hold a current account, savings account, credit card or mortgage with NatWest, be a UK resident, aged 18+ and earning at least £10K per year. Important basic info about the bank. We have a range of savings accounts available to our current account holders. If you're eligible for an overdraft, we'll ask about your finances and your monthly take home pay. Earning Rewards does not impact the account benefits you and your family automatically get with your bank account. We’re here to support you through all your life journeys, Buying for the first time, moving or remortgaging? You can redeem it as cash back, trade up for gift cards and e-codes with our retail partners, or donate to one of our chosen charities. All you need to do is tell us the details of your old bank account and when you want the Switch to start. To hold this account, you need to pay in £1,250 to an eligible NatWest account every month. That's up to £5 a month back in Rewards to spend on whatever you like! To apply, you must hold a current account, savings account, credit card or mortgage with NatWest, be a UK resident, aged 18+ and earning at least £10K per year. Use our handy cost calculator. … You should receive your debit card 3 - 5 working days after your account is open. App available to customers aged 11+ using compatible IOS and Android devices and a UK or international mobile number in specific countries. Have your setup your MyRewards account yet? will pay in £1,250 each calendar month to any, We’re here to support you through all your life journeys, Buying for the first time, moving or remortgaging? You can check if you're likely to be accepted for an overdraft using our eligibility tool. There are two different types of overdraft: We charge interest on both types of overdraft. will pay in £1,250 each calendar month to any eligible personal current account you have with us. If you have a Select account, and did not sign up for Cashback Plus before 12th October 2015, you are not earning any Rewards. Monthly fee starting from £2. Also earn 1% back in Rewards when you spend with our retail partners: Caffe Nero, EuropCar, Barrhead Travel, Boux Avenue, P&O Ferries and ATG Tickets. If you're a new customer, we have to confirm your identity to make sure we’re opening the account for the right person. The Reward accounts currently pay 2% cashback on seven types of household bills. Individual account eligibility criteria and conditions may apply. Every month, earn £4 back in Rewards for paying 2 or more Direct Debits from your reward account – 2 of those Direct Debits need to be at least £2 each. Exchange your Rewards for gift cards or tickets from selected retailers. We could help, We support you through different life events. Please take some time to review, print and/or save the important information. This way, we can check you are you, while keeping your details completely safe and secure. Annual Fee applies. NatWest has launched a switching reward for new and existing current account customers. HooYu can quickly and safely verify people from all over the world using digital footprints, ID document authentication and facial biometrics. Rewards can also be exchanged for e-codes at selected retailers or converted to money and donated to participating charities. For example, customers can earn 2% in rewards on household bills by paying them via Direct Debit – this covers council tax, … Current Account Switch Guarantee (PDF, 39KB), A Guide to Switching Current Accounts (PDF, 3MB). With a MyRewards account you’ll be able to view all your personalised offers and exchange your Rewards. All the detail about the scheme. Trade up. And ask you a few questions up front. If you log in to Online Banking we can pre-fill some of the application for you. Copyright © National Westminster Bank plc 2020. A great current account Recently switched my current account to natwest reward, pay £2 monthly fee and receive cash back on my bills making the fee worthwhile. App available to customers with Online Banking, compatible iOS and Android devices and a UK or international mobile number in specific countries. Earn 1% in Rewards on your supermarket spend, between 1-15% in Rewards at selected MyRewards retailers and 0.25% everywhere else you shop. The NatWest reward current account pays 2% back in rewards when you pay your bills via Direct Debit. Not sure a Reward account is for you? An overdraft is a form of borrowing and is repayable on demand. Exchange your Rewards in to a donation supporting one of our many chosen charities. If you already bank with NatWest, you can use your Online Banking details to log in to the application form and and we'll pre-fill some of your details in the form to make it speedier. Representative example. NatWest and Royal Bank of Scotland (RBS) Reward customers will soon no longer earn cashback for paying their household bills. To login, you first need to set-up your MyRewards account. To apply, you need to be 18+ and a UK resident. If you have a Reward current account, logging into the app every month gives you £1 back in Rewards per month. What does the Reward account offer? Annual fee refunded if you have a Reward current account; To apply, you must hold a current account, savings account, credit card or mortgage with NatWest, be a UK resident, aged 18+ and earning at least £10K per year ... you must be 18+, a UK resident and have a NatWest Student current account. To apply, you need to be 18+ and a UK resident. Those that already have one of these accounts can still access the reward if they switch another current account To earn Rewards, you’ll need to pay at least £1,250 into any personal current account(s) you have with us (as long as it’s not a Foundation, Basic or current account mortgage product) every calendar month. 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