NatWest Select current account review
- Account fee
- £0
- Interest (AER)
- 0% AER
- Overseas card transactions
- 2.75%
- Representative example
- Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200 Subject to status. How does this overdraft compare? Representative APRs help you compare the cost of different credit products.
Our verdict
If you’re looking to switch your current account, find out if the NatWest Select account could work for you.
The NatWest Select account could be a good choice if you’re just looking for a straightforward, free bank account with one of the big high street names. There’s no monthly fee to worry about and you can bank on the move by using the app. But you won't be rewarded for your choice. With many current accounts now paying healthy interest rates or cashback this account is noticeable for the absence of any perks. Looking elsewhere? Compare the best current accounts.
Pros
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No monthly fee
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Emergency cash option
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Easy to open and manage
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Arranged overdraft available
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Access to mobile banking app to help you manage your finances
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FSCS protection
Cons
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No interest paid on in-credit balances
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Interest charged on overdrafts
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Limited features and benefits
Details
Product overview
| Account name | Select Account |
| Provider | NatWest |
| Account fee | £0 |
| Interest (AER) | 0% AER |
| ATM withdrawal limit | £250 |
| Debit network | Mastercard |
| Card type | Cash / Debit |
| Minimum eligibility age | 18 Years |
| Minimum operating balance | £0.01 |
| Minimum opening balance | £0.01 |
| Direct debits | |
| Current account switch guarantee | |
| Cheque Book |
Fees
| Currency conversion withdrawal for overseas cash withdrawal in Europe (EEA) | 2.75% |
| Currency conversion withdrawal for overseas cash withdrawal in non-Europe (EEA) | 2.75% |
| Foreign cash transaction fee in Europe | 0% |
| Foreign cash transaction fee in rest of world | 0% |
Overdraft information
| Arranged overdraft available | |
| Arranged overdraft rate | 39.49% |
| Overdraft Grace Period | 14:30 same day |
| Representative example | Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200 Subject to status. How does this overdraft compare? Representative APRs help you compare the cost of different credit products. |
What is the NatWest Select current account?
The NatWest Select current account is a straightforward bank account, letting you carry out everyday banking transactions with no monthly fee.
You can apply for an arranged overdraft on the account and you can manage it online, via the app, over the phone or in branch. The account can be opened on an individual or joint basis.
How does it work?
With the NatWest Select account, you’ll benefit from the following key features:
- No monthly fee. There is no monthly maintenance fee to pay.
- Multiple ways to pay. Choose to use Apple Pay or Google Pay or your contactless debit card.
- Arranged overdraft available. Interest is charged at 39.49% EAR.
- Access to the mobile banking app. Helping you to bank on the go, as well as pay in cheques securely, set budgets, view your credit score for free and split bills with friends.
- Round Ups feature. When you pay with your debit card or contactless device, the amount will be rounded up to the nearest pound and the difference transferred to your NatWest savings account (app is required).
The NatWest app allows you to pay in cheques simply by taking a picture of them. With bank branches disappearing from the high street, this is a great feature for anyone who still receives cheques.”
Who is it for?
This account is suitable for UK residents aged 18 or over. It could be a good option for those looking for an everyday bank account without the need to pay a monthly fee.
What are the benefits?
There’s no monthly maintenance fee to pay with the NatWest Select account, plus you’ll have access to a mobile app that can help you make payments on the move, help you save and enable you to check your credit score.
How to apply
You can apply for the NatWest Select online or in branch. You’ll need to provide:
- Details about yourself, including your name, address history and job
- ID such as a UK passport, UK or EU/EEA driving licence or an EU/EEA national ID card
- Proof of address (in some cases)
Is it safe?
Yes, NatWest is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. Eligible deposits will be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person (up to £170,000 for joint accounts).
Banking scores
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
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