Full product details for the NatWest Black Account current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
from 304 ratings
304 customers rated their NatWest current account as 3.9 out of 5 in our 2010/2011 Consumer Finance Awards.
If you use an overdraft limit of £1,200 the interest rate charged will be 14.89% EAR (variable).
Account Type
packaged
Monthly Charge
£24
The monthly servicing charge is £24.00.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Interest Free Overdraft Limit
£500
An interest free overdraft limit of £500 is available on any pre-arranged overdraft.
Standard Overdraft Rate
14.89%
The authorised overdraft EAR is 14.89%.
Headline Interest Rate
0.5%
The headline interest rate is 0.50% AER.
Reward Payment
£0
No reward payment payable.
Minimum Investment
£0
There is no minimum investment to open this account.
Internet Banking
yes
Branch Banking
yes
This account can be operated through a branch.
Telephone Banking
yes
Free 24 hour telephone banking available, available 365 days of the year. Telephone banking benefits - UK call centres - Fast service - touchtone service available - Free - there are no monthly charges; the customer only pays for the cost of the call - Personal accounts management - customers can access Natwest current account, savings and credit card information in one place - Flexible -customers can transfer between accounts with Natwest, pay regular bills, manage direct debits and much more.
Account Promotions
yes
Additional benefits available : inclusive worldwide multi-trip family travel insurance, European breakdown cover, discounts on home and car insurance, 10% discount on selected holidays and flights, UK and worldwide executive airport lounge access, relationship manager, concierge service, commission-free travel money, 25% cashback on tickets for selected shows and events, identity theft assistance, card protection, mobile phone insurance, home emergency insurance, discounted will writing, share dealing and tax return services, offsetting available.
Application Criteria
Joint Account
yes
Joint applications are accepted.
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Minimum Contract Term
0 months
Not applicable.
Minimum Age
18 years
The minimum age is 18 years.
Maximum Age
Unlimited
There is no maximum age limit.
Minimum Income
£100,000
To be eligible to open this account the customer must have a minimum income of more than £100,000 per year or a joint income of more than £150,000 per year or have savings of over £50,000 with Natwest..
Minimum Investment
£0
There is no minimum investment to open this account.
Maximum Investment
Unlimited
The maximum investment is unlimited.
Student Bank Account
no
This is not a student bank account.
Graduate Bank Account
no
This is not a graduate bank account.
Area Restrictions
none
There are no area restrictions that apply to this account.
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