NatWest Current Plus
Compare the NatWest Current Plus with the UK's best current accounts, including application criteria, incentives, facilities, overdraft, rates and fee & charges.
 |  Compare NatWest Current Plus details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | NatWest www.natwest.com | ||
| Product: | Current Plus | ||
| Apply via this site: | Not available | ||
| Application Criteria | |||
 Minimum income: | No minimum income required for his account. | ||
| Minimum Monthly Credit: | No minimum monthly credit is required. | ||
| Minimum Investment: | There is no minimum investment required to open this account. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Age: | Applicants from the age of 18 can apply for this account. | ||
| Maximum Age: | Unlimited | ||
| Existing Customer Only: | This account is not only available to existing customers. | ||
| Area Restrictions: | No area restrictions. | ||
| Transfer Assistance: | A transfer pack is issued. | ||
| Incentives | |||
| Account Promotions: | 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. Advantage Blue For a monthly fee and subject to a initial minimum 6 month subscription, customers can add Advantage Blue to their Current Plus account which provides them with the following package of benefits: Either Mobile phone insurance or Car breakdown cover plus free Travel insurance, 10% off car insurance, £10,000 worth of accidental death cover,Young persons railcard, Cinema discounts and 25% off gigs and live shows. | ||
| Incentive Cashback £: | There are no cashback incentives with this account. | ||
| Incentive Moneyback: | There are no moneyback incentives with this account. | ||
| Incentive Pref Rate/Deals: | There are no preferential rates or deals incentives with this account. | ||
| Incentive Disc/Vouchers: | There are no discount or voucher incentives with this account. | ||
| Incentive Breakdown: | There are no breakdown incentives with this account. | ||
| Incentive Protection: | There are no protection incentives with this account. | ||
| Incentive Other Insurance: | There are no insurance incentives available with this account. | ||
| Incentive Savings Sweep: | There are no savings sweep incentives with this account. | ||
| Incentive Currency: | There are no currency incentives with this account. | ||
| Incentive Other: | Advantage Blue For a monthly fee and subject to a initial minimum 6 month subscription, customers can add Advantage Blue to their Current Plus account which provides them with the following package of benefits: Either Mobile phone insurance or Car breakdown cover plus free Travel insurance, 10% off car insurance, £10,000 worth of accidental death cover,Young persons railcard, Cinema discounts and 25% off gigs and live shows. | ||
| 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 maximum ATM withdrawal is £250.00 per day. | ||
| Cheque Book: | A cheque book is available. | ||
| Cheque Guarantee Card: | A cheque guarantee card of up to £100 can be issued subject to status. | ||
| Cheque Clearance Time: | Funds from a paid-in cheque become available within 3 working days. | ||
| Debit Card: | A Maestro card is available. | ||
| Debit Card Type: | A Maestro card is available. | ||
| Passbook: | A passbook is not provided with this account. | ||
| Text Messaging Events: | There are no text messaging facilities available. | ||
| Text Mini Statements: | There are no text messaging facilities available. | ||
| Travel Ins Winter Sport: | No travel insurance incentives associated with this account. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are available subject to status. | ||
| Interest Free O/D Limit: | No interest-free overdraft is offered. If the customer has an arranged overdraft, an interest-free buffer is applicable. | ||
| Automatic O/D Facility: | There is no approved overdraft facility automatically set up when this account is opened. | ||
| Overdraft Buffer Limit: | An interest free overdraft buffer facility of £100 is available to arranged overdrafts. | ||
| Overdraft Arrangement Fee: | No arrangement fee for Credit Zone Overdrafts below £7,500, in excess of £7,500 there is a charge of 2% 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 19.24% | ||
| Mthly Auth O/D Charge: | No monthly authorized charge is payable. | ||
| Unauth O/D Rate-APR/EAR: | The annual rate charged for unauthorised overdrafts is 29.69% 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 0.10% 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 0.10% 0.10% 0.10% | ||
| Gross AER - £1/£50: | 0.10% | ||
| Gross AER - £500: | 0.10% | ||
| Gross AER - £1,000: | 0.10% | ||
| Gross AER - £2,500: | 0.10% | ||
| Gross AER - £5,000: | 0.10% | ||
| Gross AER - £10,000: | 0.10% | ||
| Gross AER - £25,000: | 0.10% | ||
| Gross AER - £50,000: | 0.10% | ||
| Gross AER - £100,000: | 0.10% | ||
| Interest Payment Freq: | Interest is paid monthly on the last working day prior to the last day of the month. Interest can be added to the account or paid to another account. | ||
| 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 offered if the account is in credit. | ||
| Monthly Charge: | No monthly servicing charge is made. However, the customer can add Advantage Blue to their account which will provide them with extra benefits, subject to a monthly fee of £6. | ||
| 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 of £30. This will be charged for each day on which a paid referral occurs, 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 banker's reference. | ||
| Copy Cheque Charge: | Managers 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. | ||
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| Products: | www.natwest.co.uk Current Accounts | ||
