NatWest Advantage Private
Compare the NatWest Advantage Private with the UK's best current accounts, including application criteria, incentives, facilities, overdraft, rates and fee & charges.
 |  Compare NatWest Advantage Private details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | NatWest www.natwest.com | ||
| Product: | Advantage Private | ||
| Apply via this site: | Not available | ||
| Application Criteria | |||
 Minimum income: | Must have an individual income of £75000 p.a. or a joint income of £100,000 (if a joint account is desired) or savings of £50,000 or by invitation. | ||
| Minimum Monthly Credit: | No minimum month credit is required. | ||
| Minimum Investment: | There is no minimum investment required to open this account, however interest is earned from £1. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Age: | Must be aged over 18 to open this account. | ||
| Maximum Age: | Unlimited | ||
| Existing Customer Only: | This account is not available to existing customers only. | ||
| Area Restrictions: | No area restrictions. | ||
| Transfer Assistance: | A transfer pack is issued. | ||
| Incentives | |||
| Account Promotions: | Special Savings Rate Access to a Premium Manager, Preferential rates on personal loans and mortgages. Premier Credit Card and discounted subscription on NatWest Black Card. Premier Protection Mobile Phone Insurance Identity Theft Protection Gadget or Handbag Cover Home Emergency Service Accidental Death Benefit Extended Warranty - Product Support Card Protection Personal Tax Service 20% off NatWest Home Insurance 20% off NatWest Car Insurance Will Writing Service 10% discount on share dealing commission Family Worldwide Travel Insurance Travel Service Airport Lounge Passes Car Breakdown Cover with homecall Commission Free Travel Money Also access to Worldwide Concierge Service Advantage Private Wine Club. | ||
| Incentive Cashback £: | This incentive is not available with this account. | ||
| Incentive Moneyback: | This incentive is not available with this account. | ||
| Incentive Pref Rate/Deals: | Exclusive savings rates Advantage Reserve - available to Advantage Private customers only. Natwest Black Credit Card at reduced fee Customers can apply for the NatWest Black Credit Card. This is available to Advantage Private account holders for a reduced fee. Preferential Lending Rates Advantage Private members are offered preferential loan and mortgage rates. Share Dealing 10% discount on commission. | ||
| Incentive Disc/Vouchers: | 25% discount on theatre, dance, opera or concerts. Advantage Private wine club. 25% discount at over 500 UK restaurants | ||
| Incentive Breakdown: | Motor breakdown cover provided including homecall. | ||
| Incentive Protection: | Purchase and card protection Most items purchased using the Private Debit or Credit Card, or the Maestro facility on the customer's Servicecard 250, are insured for 100 days (subject to terms and conditions). Extended Warranty Natwest will extended the warranty on up to 4 household items bought in a year by one year. Identity Theft Protection. | ||
| Incentive Other Insurance: | Home emergencies are covered 24/7 Natwest's Home Emergency Service automatically covers the customer for household emergencies - from burst pipes and broken boilers to failed electrics. Just one call brings them guaranteed workmanship - 24 hours a day, 365 days a year. (Subject to terms and conditions) Worldwide Mobile Phone Insurance. Choice of Gadget or Handbag Cover. | ||
| Incentive Savings Sweep: | This incentive is not available with this account. | ||
| Incentive Currency: | Commission-free currency No commission when NatWest buy or sell back travel money or American Express travellers' cheques, and home delivery is free. | ||
| Incentive Other: | There is a ninety day, no-quibble, moneyback guarantee if a customer no longer wishes to keep the account. Can offset a mortgage with this account: Forgo interest on this account, in order to not pay the interest on the same amount of the mortgage. Purchase protection cover provided for purchases made on a a Private banking debit or credit card. | ||
| Facilities | |||
| Internet Banking: | NatWest's Online Banking allows the customer to keep a close eye on their balances on all NatWest accounts including credit cards. View the most up to date information with real time balances, payments and transfers. Can also pay bills and transfer money at the touch of a button, schedule payments or transfer in advance, and much more. The customer can have up to 50 accounts: view up to their last 6 months' entries for their bank accounts and the last 100 days entries for the card accounts. | ||
| Branch Banking: | This account can be operated through a branch. | ||
| Telephone Banking: | NatWest offers telephone banking, 24 hours a day, 7 days a week. | ||
| Post Office Banking: | Transactions cannot be made at a Post Office. | ||
| Standing Orders: | A standing order facility is available. | ||
| Direct Debits: | A direct debit facility is available. | ||
| BACS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| CHAPS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| Bill Payment Service: | Bill payment service is available. | ||
| Statement Frequency: | Statements are issued monthly. | ||
| Min Additional Deposit: | Unlimited | ||
| Minimum Withdrawal: | Unlimited | ||
| Withdrawal Restrictions: | Withdrawal Conditions - None. | ||
| ATM Card: | An ATM card is available - subject to approval. | ||
| ATM Mini Statements: | Mini statements are available through the ATM. | ||
| Max ATM Withdrawal: | The customer will receive a Service card 250 that lets them withdraw up to £750 a day. | ||
| Cheque Book: | A cheque book is available. | ||
| Cheque Guarantee Card: | A cheque guarantee card of up to £250 can be issued subject to status. | ||
| Cheque Clearance Time: | Funds from a paid-in cheque become available within 3 working days. | ||
| Debit Card: | A Solo card is available. | ||
| Debit Card Type: | A Solo card is available. | ||
| Passbook: | A passbook is not provided with this account. | ||
| Text Messaging Events: | Text messaging events are available. | ||
| Text Mini Statements: | Text message mini statements are available. | ||
| Travel Ins Winter Sport: | Worldwide family travel insurance including winter sports. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are available subject to status. | ||
| Interest Free O/D Limit: | An interest free overdraft of £250 is available. | ||
| Automatic O/D Facility: | There is no automatic overdraft facility. | ||
| Overdraft Buffer Limit: | There is no overdraft buffer limit. | ||
| Overdraft Arrangement Fee: | No arrangement fee for Credit Zone Overdrafts below £15,000, in excess of £15,000 there is a charge of 1% of the new limit, or increase over the previous limit (minimum £30). This fee is also applicable if a rate other than the standard overdraft rate is payable. | ||
| Auth O/D Rate-APR/EAR: | The annual rate charged for authorised overdrafts is 13.50% EAR. | ||
| Mthly Auth O/D Charge: | No monthly authorised charge is payable. | ||
| Unauth O/D Rate-APR/EAR: | The annual rate charged for unauthorised overdrafts is 24.97% EAR. | ||
| Mthly Unauth O/D Charge: | If the customer exceeds their arranged overdraft facility or if they go overdrawn without prior arrangement they will be charged £28 Unarranged Borrowing Fee per charging period. | ||
| Overdraft Letter Charge: | No charge for sending an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 1.00% AER. | ||
| Rate Guarantee: | There are no interest rate guarantees. | ||
| Introductory Bonus: | No introductory bonus payable. | ||
| Amount of Bonus: | The bonus amount is - 0%. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Non Standard Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 0.50% 0.50% 0.50% £25,000 1.00% 1.00% 1.00% | ||
| Gross AER - £1/£50: | 0.50% | ||
| Gross AER - £500: | 0.50% | ||
| Gross AER - £1,000: | 0.50% | ||
| Gross AER - £2,500: | 0.50% | ||
| Gross AER - £5,000: | 0.50% | ||
| Gross AER - £10,000: | 0.50% | ||
| Gross AER - £25,000: | 1.00% | ||
| Gross AER - £50,000: | 1.00% | ||
| Gross AER - £100,000: | 1.00% | ||
| Interest Payment Freq: | Interest is paid monthly on the last working day prior to the last day of the month. | ||
| Interest on Withdrawal: | Interest stops being paid on a withdrawal on the same day. | ||
| Int Added to Account: | Interest can be added to the account. | ||
| Interest Paid by Cheque: | Interest cannot be paid by cheque or warrant. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to a bank account. | ||
| Int Paid to Other A/c: | Interest can be paid to another account. | ||
| Int After Cash Deposit: | Interest is paid on a cash deposit on the same day. | ||
| Int After Cheq Deposit: | Interest on a cheque deposit will be paid after 3 days. | ||
| Int After BACS Deposit: | Interest is paid on a BACS deposit on the same day of deposit. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | Unlimited | ||
| Fee & Charges | |||
| Free Banking: | Free banking is not available - a monthly subscription is payable | ||
| Monthly Charge: | The service charge is £19.95 per month. | ||
| Standing Order Charge: | There is no charge for payment of a standing order mandate. | ||
| S/O Setting Up Charge: | There is no charge for setting up a standing order mandate. | ||
| S/O Amendment Charge: | There is no charge for amending a standing order mandate. | ||
| S/O Cancellation Charge: | There is no charge for cancelling a standing order mandate. | ||
| Unpaid S/O Charge: | The charge for an unpaid standing order mandate is £38.00. | ||
| Direct Debit Charge: | There is no charge for payment of a direct debit mandate. | ||
| Debit card charge Europe: | A charge of £1.25 is made for point of sale transactions using Maestro. | ||
| D/D Setting Up Charge: | There is no charge for setting up a direct debit. | ||
| D/D Amendment Charge: | There is no charge for amending a direct debit mandate. | ||
| D/D Cancellation Charge: | There is no charge for cancelling a direct debit mandate. | ||
| Unpaid D/D Charge: | The charge for an unpaid direct debit mandate is £38.00. | ||
| CHAPS Charge: | CHAPS charge of £23 - Inter bank; £21 - Inter branch. | ||
| Stopped Cheque Charge: | A charge of £10 is made for a stopped cheque. | ||
| Unpaid Cheque Charge: | The charge for an unpaid cheque is £38.00. | ||
| Transaction Charge: | No charge is made for standard banking transactions on this account. | ||
| Unauth Transaction Fee: | Paid Referral Fee - Any items NatWest choose to pay, which result in an unarranged overdraft, will attract a paid referral fee. A charge of £30 for the day the transaction was debited, up to a maximum of £90 in a calendar month. Card Misuse Fee - If the customer uses their Natwest card when there are insufficient funds in their account and Natwest are obliged to pay the item, Natwest will charge the customer a £35 card misuse fee. | ||
| ATM Withdrawal Charge: | Account holders can use NatWest Servicecard or Cashcard in any NatWest cash machines or through almost all other UK cash machines. At a small number of cash machines in the UK, the owner of the cash machine may still charge a fee. The customer will be advised on the screen about any charges before they withdraw cash. | ||
| ATM charge Europe: | A charge of 2.00% (max £5.00) is made for ATM withdrawals using Cirrus. | ||
| A/c Transfers Int. Free: | There is not an interest free overdraft offered with transferred accounts. | ||
| Bankers Draft Charge: | The charge for a bankers draft is £12. | ||
| Bankers Reference Charge: | £10 is charged for a bankers reference. | ||
| Copy Cheque Charge: | Manager's discretion - £4.00 min (if single item), £25 per hour of work. | ||
| Duplicate Stat Charge: | The charge for duplicate statements is £2.50 per sheet (£5 minimum). | ||
| Special Clearance Charge: | The charge for obtaining a special cheque clearance is £15. | ||
| Forex fee % Europe: | Exchange rate transaction fee of 2.75% is applied for all transactions abroad. | ||
| Other Charges: | Unarranged borrowing Default Notice - If the customer breaks their agreement with Natwest and they have cause to issue a Default Notice to the customer requiring them to either repay the debt or remedy their breach of the agreement, Natwest will charge the customer for their administrative costs of issuing the Default Notice. These are currently £30 for each Default Notice. | ||
| Compare | |||
| Products: | www.natwest.co.uk Current Accounts | ||
