Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

Online bank accounts make money management quicker and easier than ever before. This can include transferring money between accounts, paying bills, checking bank statements, setting up automatic payments and even applying for new products. Scroll down to start your comparison. 

Select from the filters to refine your results and find what you are looking for Show
Select from the filters to refine your results and find what you are looking for:
Press for help tip
Press for help tip
Press for help tip

Nationwide BS Logo
Nationwide BS FlexDirect - Funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
5.00%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Credit interest payable up to £1500
At least £1,000 must be paid in per month
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £1000.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01 - £1500.00
4.89%
5.00%
£1500.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 31% 5 days 11 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 11 days
Get an overdraft 0% 7 days 11 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.37

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Credit cards - preferential terms
- Eligible for Member Credit Card.
Savings - preferential terms
- Eligible for Flex Instant Saver
NatWest Logo
NatWest Adapt Current Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
2.70%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Credit interest payable
No direct debits or standing orders allowed
Account for ages 11-18
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 11 Years / Max 17 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£250

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
2.67%
2.70%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 5 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Royal Bank of Scotland Logo
Royal Bank of Scotland Revolve FSCS logo
FSCS logo
Overdraft Rate (EAR)
N/A
Interest Rate (AER)
2.70%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No minimum funding requirement
Charges for using debit card overseas
Account for ages 11-18
Go To Provider's Site
Representative Example:N/A
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 11 Years / Max 17 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Direct Debits
Standing Orders
Debit Card
Mastercard
Withdrawal Limit
£250

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
2.67%
2.70%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 5 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
N/A
Monthly Maximum Charge
N/A

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking
first direct Logo
first direct 1st Account FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Not Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No account fee
No interest paid on credit balances
Switch Service Guarantee Member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200. Up to £250.00 charged at 0.00% EAR Variable. Over £250.00 charged at 39.90% EAR Variable. Representative 30.5% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Account Sweeping
Cheque Book
Direct Debits
Offset Option
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 73% 1 day 20 days
Get a debit card 0% 6 days 6 days
Get internet banking 91% 1 day 7 days
Get an overdraft 96% 1 day 44 days
Replace a lost debit card 0% 3 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£250.01
2.84% - Per Month
39.90%
£0.01
0.00% - Per Month
0.00%
Grace period
23:45 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Refused Payment Fee
£0.00
Grace Period
23:45 same day
Monthly Maximum Charge
20.00
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
34.05%
34.05%
£0.00
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
30.5%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£1.63
£7.00
£13.99

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Cashback on switching account
- £175 cashback for accounts switched using the Current Account Switch Service, including at least 2 direct debits or standing orders. Must deposit £1,000, register and log on to online banking within 30 days of account opening. T&Cs apply.
Savings - preferential terms
- Comes with linked Regular Saver Account fixed for 12 months.
Nationwide BS Logo
Nationwide BS FlexAccount FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Access to exclusive member-only products like the Flex Instant Saver
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£1.00+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 31% 5 days 11 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 11 days
Get an overdraft 0% 7 days 11 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.37

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Credit cards - preferential terms
- Eligible for Member Credit Card.
Savings - preferential terms
- Eligible for Flex Instant Saver
Nationwide BS Logo
Nationwide BS FlexDirect - Non-funded FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Not Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
12-month arranged overdraft offer
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income: Max £999.99 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Standing Orders
Tied/Linked Accounts
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.99% / 2.99%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 31% 5 days 11 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 11 days
Get an overdraft 0% 7 days 11 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
0.00% for 12 months
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.37

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Credit cards - preferential terms
- Eligible for Member Credit Card.
Savings - preferential terms
- Eligible for Flex Instant Saver
Nationwide BS Logo
Nationwide BS FlexPlus FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.90%
Interest Rate (AER)
0.00%
Account Fee
£13.00 pm
Account Management
Available At Branch Available By Mail Available At Post Office Not Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No foreign usage fees for using your Visa debit card abroad
No credit interest paid
Switch Service Guarantee member
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.90% EAR Variable. Representative 39.9% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
None
Account Fee
£13.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Packaged Account
Standing Orders
Switch Service Guarantee
Debit Card
Visa
Withdrawal Limit
£500

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
£0.00 / £0.00

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 31% 5 days 11 days
Get a debit card 0% 7 days 11 days
Get internet banking 0% 8 days 11 days
Get an overdraft 0% 7 days 11 days
Replace a lost debit card 0% 6 days 9 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.84% - Per Month
39.90%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
0.00% - Per Month
0.00%
Refused Payment Fee
£0.00
Grace Period
14:30 same day
Monthly Maximum Charge
N/A
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.90%
0.00%
£0.00
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.9%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.26
£13.99
£28.37

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Mobile phone insurance
- Free worldwide cover on mobile or smartphone against loss, theft, damage, breakdown and unauthorised calls for all family members living at the same address. Max 4 successful claims per 12 months. Mobile phone up to the max individual retail cost or value of £2K inc VAT. Cost of unauthorised calls up to a max of £2K inc VAT, up to £250 inc VAT PAYG. Accessory cover up to £250. Excess up to £100.
Credit cards - preferential terms
- Eligible for Member Credit Cards.
Savings - preferential terms
- Eligible for Flex Instant Saver
Vehicle breakdown cover
- Free UK and European breakdown cover including home assist, roadside & onward travel. Cover for account holders registered vehicle and any vehicle the account holder is travelling in. No Excess. No call out limit.
Worldwide insurance
- Free. Covers account holder and family (also when travelling independently). Maximum cover age 69 years old. Available on trips up to 31 days. Includes winter sports, golf, wedding and business trips. Includes medical, baggage, cancellation and delayed departure covers. Optional upgrades available.
NatWest Logo
NatWest Premier Reward FSCS logo
FSCS logo
Overdraft Rate (EAR)
39.49%
Interest Rate (AER)
0.00%
Account Fee
£2.00 pm
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
Earn Rewards on direct debits and purchases at selected retailers
No interest paid on credit balances
Eligibilty and/or funding requirements
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200 charged at 39.49% EAR Variable. Representative 39.5% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
Regular Funding/Income: Min £1250.00 Per Month
Minimum / Maximum Age
Min 18 Years
Eligibility
Income Joint: Min £120000.00 Per Annum (Paid into account each year). Income Single: Min £100000.00 Per Annum (Paid into account each year). Investable Assets: Min £100000.00 Continuous (Held with institution). Mortgage: Min £500000.00 (Outstanding mortgage balance with provider). Savings: Min £100000.00 Continuous (Held with institution)
Account Fee
£2.00 Per Month
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Offset Option
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 5 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.81% - Per Month
39.49%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
2.81% - Per Month
39.49%
Refused Payment Fee
Up to £1.55
Grace Period
14:30 same day
Monthly Maximum Charge
18.80
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
39.49%
39.49%
£1.55
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
39.5%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£3.24
£13.87
£28.13

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Exclusive offers with this account
- Earn 9 Rewards per month by making at a minimum of 2 direct debit payments of at least £4.50 each. Earn an additional 1 Reward by logging into mobile banking app every month. Once 5 Rewards are available they can be exchanged for a £5 current account credit, traded up for Reward vouchers at selected retailers or donated to a participating charity.
Exclusive offers with this account
- Earn at least 1% Rewards on qualifying purchases at selected retailers which can be converted to cashback, trade up vouchers or donated to charity.
Adviser offering financial services
- Access to Premier Manager and Wealth Manager.
Credit cards - preferential terms
- Existing Reward, Premier Reward Black, Reward Premier, Reward Silver or Reward Platinum customers taking out a Reward Credit Card will receive an annual fee refund on the credit card (£24), for each year they hold both products.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
NatWest Logo
NatWest Premier Select FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No funding requirement each month
No interest paid on credit balances
Account designed for high net worth individuals
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200. Up to £500.00 charged at 0.00% EAR Variable. Over £500.00 charged at 19.49% EAR Variable. Representative 11.4% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
Income Joint: Min £120000.00 Per Annum (Paid into account each year). Income Single: Min £100000.00 Per Annum (Paid into account each year). Investable Assets: Min £100000.00 Continuous (Held with institution). Mortgage: Min £500000.00 (Outstanding mortgage balance with provider). Savings: Min £100000.00 Continuous (Held with institution)
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Offset Option
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 5 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£500.01
1.50% - Per Month
19.49%
£0.01
0.00% - Per Month
0.00%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.50% - Per Month
19.49%
Refused Payment Fee
Up to £1.55
Grace Period
14:30 same day
Monthly Maximum Charge
18.80
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
19.49%
19.49%
£1.55
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
19.5%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£1.72
£7.37
£14.85

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Exclusive offers with this account
- Free Reciept Management tool.
Adviser offering financial services
- Access to Premier Manager and Wealth Manager.
Will Writing
- Will-writing & Executor Service for a fee.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Royal Bank of Scotland Logo
Royal Bank of Scotland Premier Select FSCS logo
FSCS logo
Overdraft Rate (EAR)
0.00%
Interest Rate (AER)
0.00%
Account Fee
N/A
Account Management
Available At Branch Available By Mail Available At Post Office Available By Telephone Available Online Available By Mobile Text Alerts Available
Additional Information
No funding requirement each month
No interest paid on credit balances
Account designed for high net worth individuals
Go To Provider's Site
Representative Example:Based on an overdraft limit of £1200. Up to £500.00 charged at 0.00% EAR Variable. Over £500.00 charged at 19.49% EAR Variable. Representative 11.4% APR variable.
General
Credit Interest Rates
Foreign Usage
Service Performance
Overdrafts
Benefits

General Account Details

Funding Required
None
Minimum / Maximum Age
Min 18 Years
Eligibility
Income Joint: Min £120000.00 Per Annum (Paid into account each year). Income Single: Min £100000.00 Per Annum (Paid into account each year). Investable Assets: Min £100000.00 Continuous (Held with institution). Mortgage: Min £500000.00 (Outstanding mortgage balance with provider). Savings: Min £100000.00 Continuous (Held with institution)
Account Fee
None
Introductory Account Fee
None

Facilities

Cheque Book
Direct Debits
Offset Option
Standing Orders
Switch Service Guarantee
Debit Card
Mastercard
Withdrawal Limit
£300

Credit Interest Rates

Balance
Gross Rate %
AER %
£0.01+
0.00%
0.00%

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide
Currency Conversion Charge
0.00% / 0.00%
Transaction Charge
0.00% / 0.00%
Cash withdrawal in a foreign currency in Europe / Worldwide
Currency Conversion Charge
2.75% / 2.75%
Transaction Charge
0.00% / 0.00%

Service Performance

The table below shows the provider's current account service performance.
The information shown covers all of their main current accounts, not just specific to this account.
Service Completed
Same day Average 99%
Open a current account* 0% 1 day 1 day
Get a debit card 0% 2 days 5 days
Get internet banking 0% 8 days 8 days
Get an overdraft 100% 0 days 0 days
Replace a lost debit card 0% 2 days 6 days
* Once all requested documents and information have been received.

Overdrafts

Introductory Arranged Overdraft
Introductory Arranged on
Switched Current Accounts
N/A
N/A
Arranged Overdraft
Arranged Overdraft Available
Min. Balance
Rate %
EAR %
£500.01
1.50% - Per Month
19.49%
£0.01
0.00% - Per Month
0.00%
Grace period
14:30 same day
Unarranged Overdraft
Unarranged Overdraft Available
Min. Balance
Rate %
EAR %
£0.01
1.50% - Per Month
19.49%
Refused Payment Fee
Up to £1.55
Grace Period
14:30 same day
Monthly Maximum Charge
18.80
Range of annual interest rates payable for overdraft
Arranged Unarranged Refused payment fee
19.49%
19.49%
£1.55
Data as of: 31 December 2023
Overdraft Pricing in the previous calendar quarter
Range of Advertised APRs during the period
19.5%
Cost of holding a £500 overdraft
For 7 days
For 30 days
For 60 days
£1.72
£7.37
£14.85

Benefits

Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Adviser offering financial services
- Access to Premier Manager and Wealth Manager.
Emergency Cash Service
- Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Note

Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfactscompare.co.uk. None of these arrangements affects our independence.

Depositor Protection

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme (FSCS) up to a maximum level of protection of £85,000 per person per institution. All new savings or bank accounts provided to UK customers are now covered by the FSCS.

Disclaimer

All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

Online bank accounts explained

At a glance

  • Online bank accounts are sometimes offered exclusively online only - however more and more bank accounts come with online access.
  • Online bank accounts can be accessed either through your desktop or mobile device and increasingly come with Apps.
  • Online banking can be a convenient way to manage your money.
  • Always make sure to protect your online banking details.

What is online and app based banking?

Online banking means accessing your bank accounts online, be it via a desktop computer, tablet, phone or any other internet-connected device. Many banks now have dedicated smartphone apps for even better accessibility, allowing you to truly bank on the go.

Typically, customers will be able to undertake a variety of day-to-day banking activities through internet banking services or apps , without needing to go to a branch or speak to someone in person. This can include transferring money between accounts, paying bills, checking bank statements or setting up automatic payments (such as direct debits or standing orders), and even applying for new products.

Receive the latest news, straight to your inbox

All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.

Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.

How to keep your online banking secure

Banks and building societies are fully regulated by the FCA and Prudential Regulation Authority and have worked hard to make their online banking facilities as secure as possible. Websites are encrypted and you’ll likely need to go through several authentication steps before you can log on, with passwords and secure keys being commonplace, while some smartphone apps use fingerprint or even facial recognition software for added security.

That said, there are still a few things you need to watch out for to ensure your internet banking experience is as secure as possible:

  • When using public computers, never check the box to ‘remember your details’.
  • Be vigilant against phishing scams. Never respond to emails that ask for online banking passwords or personal details, even if they claim to be from your bank; this extends to text messages and phone calls, too. Your bank will only ever ask you for two or three digits of your password if they need to confirm your identity – never give anyone the whole thing.
  • If you’re banking on your phone, only ever use secure Wi-Fi connections or the 3G or 4G connection through your mobile provider. Never use public Wi-Fi for any banking activity as these often aren’t secure.
  • Most online banking facilities will automatically log out after a period of inactivity, but always log out manually, especially if you’re using a public computer.
  • Make sure your anti-spyware and anti-virus software are up to date.

How to choose the best internet bank account

When you open an online bank account in the UK, whether you’re after single or joint accounts, you want to make sure you’re getting the best one for your needs. This will likely depend on a range of important factors, such as overdraft facilities and whether or not the account offers in-credit interest, but another consideration will invariably be its online banking facilities.

These days, the vast majority (if not all) bank accounts offer some form of online banking, but not all are created equal. This is particularly true when it comes to banking apps, and is why research is key. Start the process by comparing online bank accounts using the above chart, and once you’ve found one with the features you need, do a bit of extra research into your potential account’s banking facilities (such as searching for reviews of banking apps). Then, click on the relevant “Go to Site” button that will take you directly to the account in question, letting you quickly and easily apply for a bank account online.

Can I get internet banking on an existing account?

Most likely, yes! Most current accounts offer some form of online banking; if you haven’t signed up with your provider yet, make sure to contact them to find out what to do next.

Can I use internet banking abroad?

Generally speaking, yes – as long as you’ve got an internet connection, you’ll be able to access your bank account online. Though you’ll arguably need to keep security and potential costs in mind, even more so than when you’re in the UK: don’t use your hotel’s public wifi and instead use your phone’s internet connection, but beware of extra roaming charges depending on your phone network.

Can I use internet banking on my phone or tablet?

Yes – provided you’ve got an internet connection, you can bank online. Most providers these days offer a banking app, too, so head to your phone’s app store to find it, or go to your provider’s website and follow the official links.

What is a digital-only bank?

A digital-only bank offers all its banking services online and through apps on mobiles.  Account support is provided through in-app and online chat with some digital banks also offering call centre support. Digital-only banks do not have physical branches.

Is my money safe with a digital-only bank?

As long as your digital-only bank has a UK banking licence and displays the Financial Services Compensation Scheme (FSCS) logo any deposits, including savings accounts and funds held in current accounts, should be covered up to £85,000 in the event the bank goes bust.

Why are there more digital only banks now?

In the early 2010s, the explosion of digital tech combined with the launch of the Financial Conduct Authority’s (FCA) New Bank Start-Up Unit in 2013 made good ground for the launch of new digital only banks. In 2018, further regulation called PSD2 was introduced with the aim of increasing competition through more finance and banking apps. Then there’s the fact that demand for digital-only banks is increasing, as more millennials seek mobile-friendly financial products.

What are digital banking apps?

Digital banking apps (or mobile banking apps as they can also be called) allow you to conduct your everyday needs for banking, borrowing and saving via the app. They are accessed on a mobile device and allow you to see your account balances, make payments, transfer funds and apply for new financial products all in one place. Some digital banking apps also include features such as spending analysis, budgeting tools and automated updates on your transactions as they occur in real-time, and others even let you pay in cheques. If you want an app to specifically focus on your savings, read our guide on the best savings apps to see where might be best to start.

Are digital banking apps safe?

Regulated banks and their digital apps will all do everything possible to make their apps secure. This includes familiar features such as security passwords and pins, but also newer technologies such as facial, speech and fingerprint recognition. This is captured during the set-up of your digital app using your mobile’s camera – simply put you are taking a selfie. If your mobile has Touch ID or Fingerprint scan, then this can also be used to securely verify you against the banking data held on your mobile.  You will also be asked to take picture of your photo ID.

A lot of digital banking apps will notify you almost immediately after you have made a payment. This means you can quickly spot a fraudulent transaction.

If you forget your pin and passcode, then it is likely you can reset these by taking a new video of yourself. This is analysed immediately to your original set-up video to confirm your identity.

And, exactly like a traditional bank, using your common sense is essential, so don’t share your passcodes or leave these written down and be careful people do not see your login information. You can read more in our guide Seven rules to keep online banking safe.

What happens if I need help with my digital banking app?

The digital-only banks offer either a 24/7 call centre or in-app chat to help you in case you have difficulties with your account, so you won’t be left alone. The only difference is that you won’t be able to seek help face-to-face, which a lot of people are turning away from anyway, particularly in the current climate.

Can I get a digital bank account if I’ve got bad credit?

If you have bad credit there are digital providers that can offer bank services. Find out more about bank accounts for bad credit.

What is Open Banking?

You may have heard a lot about Open Banking recently. Open Banking and online banking are slightly different, though similar in many ways: Open Banking still allows you to bank online or on your phone, but rather than having different apps for different accounts, all of your financial information can be included in one place, if you choose to share that information between providers. You can find more about it here.

Sending money abroad

Find out how to send money abroad easily, securely and quickly using an international money transfer specialist. Our guide explains how it works and the costs involved.

Image of Ashley Seager

Ashley Seager

Digital Marketing Manager

Top banking guides

Read All Banking Guides
guides icon
Six tips to keep online banking safe

Innocent people who fall foul of internet bank account fraud can expect to be reimbursed if they have taken reasonable steps to keep their account safe.

Innocent people who fall foul of internet bank account fraud can expect to be reimbursed if they have taken reasonable steps to keep their account safe.

Read More
guides icon
Things your bank will never ask you to do

While companies are doing what they can to keep their customers safe, consumers have to be vigilant too. Read our guide to find out more.

While companies are doing what they can to keep their customers safe, consumers have to be vigilant too. Read our guide to find out more.

Read More
guides icon
How does a current account overdraft work?

Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.

Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.

Read More

Ask us anything

Cookies

Moneyfactscompare.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.