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Premier bank accounts
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
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
Have £500k minimum mortgage borrowing with us.
Savings or investments
A minimum £100k savings or investments held with us.
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
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!
Exchange Rewards
Once you reach £5 in Rewards, the choice is yours. Bank it into your NatWest bank account, trade up for gift cards and e-codes with our partner retailers or donate to one of our chosen charities.
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.
To login, you first need to set up your MyRewards account. You'll need your NatWest debit card number on hand.
Discover Premier OpenClose
Help when you need it
With Premier you'll have an expert team available to help with your everyday banking needs, day or night. If you need help with something more complex, we can connect you with the specialists you may need.
Protect what matters
If you need it, you'll also have access to an enhanced level of insurance cover available with Premier Insurance (underwritten by U K Insurance Limited).
Plan for the future
With our Will-writing & Executor Service you could ensure your money and assets are shared according to your wishes in an efficient way, giving you peace of mind. A fee will apply.
The NatWest app OpenClose
The NatWest app
Stay in control of your money with our easy to use the NatWest mobile 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?
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.
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?
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.
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
During the application we'll ask for information about you such as your address, job etc. So have these ready.
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
We'll check we have everything needed to open your account. We'll then give you a welcome call within two working days.
Start using your new account
Your new account is open. Register for Online banking, download our mobile app and enjoy hassle free banking.
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 the scheme. From how to set it up and how to earn Rewards, 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.
More help and support
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