Current Plus
A day-to-day account, without any subscription fees
Manage your money with a Current Plus account from NatWest. You can also apply for a chequebook and overdraft, for extra flexibility.
Day-to-day
- Free everyday banking - with no subscription fees
- Overdraft - if you need a little flexibility, you can apply for an overdraft facility, subject to eligibility
- Chequebook - ideal for paying when cash or cards aren't convenient. Simply apply for a chequebook, subject to eligibility
Ways to bank
- Bank your way - online, on the phone or in a branch
- Mobile phone banking - the option to have mini statements, weekly balances and more sent to your mobile, for a monthly fee. Works if you've got a mobile account registered on the UK mainland
Using your money
- Cash machines - withdraw money, wherever you see the debit card logo
- Debit card - the easy way to pay, straight from your account
- Overseas cash - access to your money, or simply pay for goods and services wherever you see the debit card symbol
This page provides a summary of the rates and charges that apply to the Current Plus current account.
Full copies of the fees and interest rates, and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
Interest we pay you
The annual rates of interest paid on credit balances:
| Type of current account | Amount held in account | Gross Rate % | AER% |
|---|---|---|---|
| Current Plus | Any amount | 0.10 | 0.10 |
Updated: 1st April 2009
Calculation and application of interest.
Interest is calculated on a daily basis and paid into the account once a month.
Interest due on overdrawn balances
Arranged overdrafts
| Overdraft tier | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| All amounts | 1.48 | 17.73 | 19.24 |
Unarranged overdrafts
Any amount overdrawn without an arranged overdraft or in excess of an arranged overdraft limit will be charged at the following rates:
| Overdraft tier | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| All unarranged borrowing | 2.19 | 26.28 | 29.69 |
Charges
There are a number of ancillary services available to you. The most common of these are listed with their costs. These charges are in respect of personal banking. Also listed are services which we may have to perform for you.
Arranged overdrafts - arrangement and renewal fees
| Fee payable | |
|---|---|
| Current Plus | |
| Credit Zone Overdrafts up to and including £7,500, where interest is charged at the standard Credit Zone Overdraft rate | No fee |
| Credit Zone Overdrafts over £7,500 or Credit Zone Overdrafts where an interest rate other than the standard Credit Zone Overdraft rate is payable | 2% of the new limit (minimum £30) |
Unarranged overdrafts and unpaid items - charges
| Fee type | Fee amount |
|---|---|
| Unarranged overdraft - maintenance charge. If you borrow more than your agreed overdraft limit you will be liable for a maintenance charge applied monthly 16 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period is normally in line with the date that we send your statement to you | £28 per month (£10 per month for R21 customers) |
| Paid referral fee - Payable when you informally request an overdraft by issuing a payment instruction on your account where there are either insufficient funds or insufficient unused agreed overdraft facility to meet the payment and we in our discretion make payment which results in or increases an unarranged overdraft. The fee will be applied on the 6th business day of the following month and the account will be debited on that date | £30 for any day on which a paid referral(s) occurs (max £90 per month) |
| Letter to inform you of an unarranged overdraft | Free |
| Unpaid item fee - Payable when a cheque, Standing Order, Direct Debit or a future dated payment made over the counter at a branch or by using our telephone or online banking service is not paid due to their being insufficient funds available in your account. | £38 |
| Guaranteed card payment fee - Payable when you informally request an overdraft by making a payment supported by a cheque guarantee card where there are insufficient funds or insufficient unused agreed overdraft facility to meet the payment. When your account is overdrawn in excess of any agreed overdraft limit, a maintenance charge will also be applied. | £35 per item |
| Default Notice Charge | £30 each |
| Charge for court orders/legal processes - served on the Bank, brought on by a third party against a customer | £25 minimum |
Charges for additional services
| Fee type | Fee amount |
|---|---|
| Stopping a cheque (except for lost /stolen cheques) | £10 |
| Special presentation of a cheque | £15 |
| Copies of paid cheques including providing details of paid cheques | £5 per cheque (max £150) |
| Duplicate statement/historic copy | £5 per request |
| Certificate of balance or debit interest | No charge |
| Certificate of credit interest | £10 |
| CHAPS Payment (Same Day Value Payment) | £23 |
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Effective Annual Rate of Interest (EAR) - This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
Gross Rate - This means the interest rate you are paid before the deduction of income tax.
Nominal Rate - The rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
p.a. - per annum (per year).
Apply now
Call us on
+44(0) 1534 282300
Lines are open: Mon to Fri 8.30am-5.30pm
(excluding public holidays).
Calls may be recorded