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Current Plus

This product is no longer available.

Everyday banking with no subscription charges

With a chequebook and overdraft - subject to eligibility - a Current Plus account makes it easy to manage your money.

Day-to-day

  • No subscription fee - simply enjoy free everyday banking
  • Overdraft - subject to eligibility, you can apply for an overdraft facility. It could be just the flexibility you need
  • Chequebook - subject to eligibility, you can apply for a chequebook. Ideal for paying tradespeople and other businesses that don't take cards

Ways to bank

  • Online banking - manage your finances when it suits you
  • Telephone banking - our call centres are ready to help, 24 hours a day

Using your money

  • Cash machines - at almost every UK cash machine
  • Debit card - the easy way to pay
  • Overseas cash - wherever you see the logo shown on your card. You can also use your card to pay for goods in overseas shops

We're committed to helping you get the most out of your account - which includes making you aware of the charges and rates of interest that apply to your account.

All charges and rates shown are correct as at 1 June 2013 and may change. The interest rates shown have been rounded to two decimal places.

Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our website terms and conditions.

Changes to Terms and Conditions for Personal Banking

We are making changes to our Terms and Conditions & Fees with effect from 16 September 2013.

  • We are changing how we describe our overdraft fees and interest to make it easier for you to compare costs across different current account providers.
  • We are adding a new condition to our Terms and Conditions to clarify our right to apply negative credit interest.
  • Previous important changes to our terms and conditions

Changes to terminology

We are making some changes to our overdrafts terminology. These changes reflect standard wording that is being introduced across the banking industry to make it easier for you to compare costs between current account providers.

We are renaming the fees we normally charge if you have an unarranged overdraft on your account or if you make an informal request for an unarranged overdraft.

Existing name New name
Unarranged Overdraft Fee Unarranged Overdraft Usage Fee
Returned Item Fee Unpaid Transaction Fee

We are also making changes to reflect that interest payable on arranged overdrafts will now be referred to as “arranged overdraft interest”

Negative Credit Interest

We are adding a new condition to our Terms and Conditions to clarify our right to apply negative credit interest. In the event that your account is holding a currency which attracts negative credit interest, this will result in a debit being applied to your account.

For full details of the changes please download Changes to your Terms and Conditions (PDF, 450KB)

The updated versions of our ‘Terms and Conditions’ and ‘Fees’ leaflets will be available on request in your local branch or from this website from 16 September 2013.

Services you can receive without separate charge

As long as you stay in credit, you can receive the following services without any separate charge being made:

  • payments by debit card in the UK, cheque, Direct Debit or standing order;
  • sterling transactions using your debit card or ATM card in any NatWest, Isle of Man Bank, RBS International, Royal Bank of Scotland cash machines, or almost all other UK cash machines. There are some cash machines in the UK and abroad where the owner of the machine may charge a fee. You will be advised on the screen about any charges before you withdraw cash. You can then stop the transaction if you do not want to be charged;
  • account statements (but a charge is made for copies);
  • cheque books, paying-in books and statement holders;
  • telephone and online banking - apart from the cost of the phone call and any charges your Internet Service Provider may charge you for accessing the service;
  • use of our counter services. There may be additional fees if we have to make special arrangements or provide specialist services.

Gold account fees

The following monthly account fees are payable by Gold account customers. Membership includes access to all the benefits listed in the appropriate webpages, brochures and user guides. These also contain details of other fees and services.

Type of current account Account fee
Gold Account £15.00 per month will be payable from your Gold Account

Application of monthly account fees

The account fee for each monthly charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The fee will appear on your statement as CHG. Your charging period runs from month to month, usually from the date you opened your account. For example, if you opened your account on 15 August, your charging period will run from the 15th of each month to the 14th of the next month. You can find out your charging period by contacting us.

Changes to interest rates

From time to time we may alter the interest rates we charge on arranged overdrafts.

When we do this we will notify you personally not less than 30 days before the change comes into effect, unless your arranged overdraft interest rate is linked to an internal reference rate (for example, set at a margin over our base rate).

Interest we pay you

The annual rates of interest paid on credit balances;

Type of current account Amount held in account Gross Rate % AER% (variable)
Gold Account
£5,000 + 0.25 0.25
£0 - £4,999 0.15 0.15
Select account
£0 + 0.00 0.00
Card Plus
£0 + 1.00 1.00

Updated: 24 January 2014

Calculation and application of interest

Interest is calculated on a daily basis and paid into the account once a month.

Interest due on arranged overdrafts

For Gold and Select Accounts

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any interest. If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest at the rates shown in the tables below on the overdrawn balance - please note that this includes the part of the balance which is within any interest free threshold that applies to your account. However, we will not charge interest on any part of the overdrawn balance which is an unarranged overdraft or represents fees, charges or costs of the kind described below under the heading `Sums which do not bear interest`.

If you have arranged an overdraft facility with us in advance under which you pay interest at a rate other than the rates shown in the tables below, the interest free thresholds shown below will not apply to your account.

Interest free thresholds


Type of account Interest free threshold
Gold Account 100
Select Account, Current account and Current Plus 10

Current rates


Type of account Nominal
monthly rate %
Nominal
annual rate %
EAR % variable
Gold Account
All amounts 0.63% 7.5% 7.76%
Select Account Overdrafts
All amounts 1.52% 18.28% 19.89%

The rate you pay will change automatically as our Bank's base rate changes in line with interest rates generally.

Calculation and application of interest

Interest on arranged overdrafts is calculated on a daily basis and charged monthly.

The interest we charge in each charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday.

Your charging period runs from month to month, usually from the date you opened your account. For example, if you opened your account on 15 August, your charging period will run from the 15th of each month to the 14th of the next month. You can find out your charging period by contacting us.

If we are going to debit interest from your account, we will give you not less than 14 days notice of how much we are going to debit and when.

Sums which do not bear interest

We do not charge interest on unarranged overdrafts. Nor do we charge interest on any part of an arranged overdraft which represents:

  • a Unpaid transaction fee’ or Unarranged overdraft usage fee

Charges

Arranged Overdrafts, Unarranged Overdrafts and Returned Items

The charges shown in this section do not normally apply to the other accounts we offer to Personal Banking customers. However, we sometimes allow other accounts (including savings accounts) to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, the charges listed below under the heading Unarranged overdrafts and returned items - charges will apply.

If we are going to charge you an Unarranged overdraft usage fee and/or a Unpaid transaction fee, we will give you not less than 14 days notice of how much we are going to charge you and when.

Fee type When charged Fee amount
Arranged Overdraft Usage Fee*
An Arranged Overdraft Usage Fee will be charged where arranged overdrafts are used by more than £10. 21 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday). Your charging period runs from month to month, usually from the date you opened your account.

For example, if you opened your account on 15 August, your charging period will run from the 15th of each month to the 14th of the next month. You can find out your charging period by contacting us.
£6 per charging period where arranged overdrafts are used by more than £10.
Unarranged overdraft usage fee
An Unarranged overdraft usage fee will be charged for each day on which there is an unarranged overdraft of greater than 6 on your account at close of business on that day.

Please note: we will only charge an Unarranged overdraft usage fee for a non-business day (i.e. a Saturday, Sunday or Bank Holiday) if there is an unarranged overdraft of greater than 6 owing on your account at close of business on the first following business day
21 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday). Your charging period runs from month to month, usually from the date you opened your account. For example, if you opened your account on 15 August, your charging period will run from the 15th of each month to the 14th of the next month. You can find out your charging period by contacting us. £6 for each day for which an Unarranged overdraft usage fee is payable.
Unpaid transaction fee

A Unpaid transaction fee will be charged if:

  • you informally request an unarranged overdraft by issuing instructions for a withdrawal or other payment; and
  • the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and
  • we decide in our discretion not to make the payment.
21 days after the end of the charging period in which we decide not to make the payment (or the next business day if this is a Saturday, Sunday or Bank Holiday). Your charging period runs from month to month, usually from the date you opened your account. For example, if you opened your account on 15 August, your charging period will run from the 15th of each month to the 14th of the next month. You can find out your charging period by contacting us. £6 for each returned item (subject to a maximum of 60 in any charging period).

*Fee introduced from 21 August 2013

Making an informal request for an unarranged overdraft means you will normally have to pay a Unpaid transaction fee or an Unarranged overdraft usage fee.

Changes to charges

From time to time we may alter the charges set out on this page. If we increase a charge, we will notify you personally not less than 60 days before the change comes into effect.

Debit card and ATM card charges

The section below sets out our charges for the transaction types listed below. It does not reflect any charges which a third party might charge you (for example, commission rates or ATM fees).

Debit card charges
Transaction type Charges
Sterling cash withdrawals from any UK, Channel Islands, Isle of Man or Gibraltar cash machine (ATM)

Sterling cash withdrawals from any NatWest branch in the UK, Channel Islands, Isle of Man or Gibraltar

Sterling cash withdrawals in the UK, Channel Islands, Isle of Man or Gibraltar in any bank, travel agent, bureau de change or other outlet displaying the Visa logo

Purchase of foreign currency or travellers cheques in the UK, Channel Islands, Isle of Man or Gibraltar
No charge
Purchase of foreign currency or travellers cheques in the UK, Channel Islands, Isle of Man or Gibraltar

Cash withdrawals or the purchase of currency or travellers cheques outside the UK, Channel Islands, Isle of Man or Gibraltar
We will charge a Foreign Cash Fee of 2% of the value of the transaction (minimum £2, maximum £5). We will also charge a Non-Sterling Transaction Fee of 2.75% of the value of the transaction.
If you elect for the transaction to be converted into Sterling at the point of sale or withdrawal, we will not charge a Non-Sterling Transaction Fee, however the transaction handler may charge you a separate fee.
Purchases made outside the UK, Channel Islands, Isle of Man or Gibraltar (for example, purchasing goods in a shop)

Purchases made anywhere in a foreign currency (for example, online/telephone purchases made in or outside the UK, Channel Islands, Isle of Man or Gibraltar)
We will charge a Foreign Purchase Fee of 2.75% of the value of the transaction (minimum £1).
ATM card charges
Transaction type Charges
Sterling cash withdrawals from any NatWest branch in the UK, Channel Islands, Isle of Man or Gibraltar No charge
Sterling cash withdrawals from any UK, Channel Islands, Isle of Man or Gibraltar cash machine (ATM) No charge
Foreign currency withdrawal from any cash machine (ATM) in the UK, Channel Islands, Isle of Man or Gibraltar We will charge a Foreign Cash Fee of 2% of the value of the transaction (minimum £2, maximum £5). We will also charge a Non-Sterling Transaction Fee of 2.75% of the value of the transaction.
If you elect for the transaction to be converted into Sterling at the point of withdrawal we will not charge a Non-Sterling Transaction Fee, however the transaction handler may charge you a separate fee.
Cash withdrawals from any cash machine (ATM) outside the UK, Channel Islands, Isle of Man or Gibraltar We will charge a Foreign Cash Fee of 2% of the value of the transaction (minimum £2, maximum £5). We will also charge a Non-Sterling Transaction Fee of 2.75% of the value of the transaction.
If you elect for the transaction to be converted into Sterling at the point of withdrawal we will not charge a Non-Sterling Transaction Fee, however the transaction handler may charge you a separate fee.

Where a charge in the tables above is stated as a percentage, this is a percentage of the Sterling transaction amount.

Visa Payment Scheme Exchange Rate
Any transaction made in a foreign currency using your debit card or ATM card is converted by us into Sterling using the Visa Payment Scheme Exchange Rate. To see the up-to-date rates used for debit cards and ATM cards visit www.visaeurope.com and click on the Cardholders section.

Additional services, payments and travel money

Additional Services

Obtaining copies of statements £3 per request
Certificate of debit interest No Fee
Certificate of credit interest £10
Tailored loan arrangement fee 2% of amount borrowed (minimum fee £100)
Stopping a cheque (unless it has been lost or stolen) £10

Payments


Domestic payments
Obtaining a sundry payment cheque £12
Obtaining a special cheque clearance £15 (£25 in Gibraltar)
CHAPS payments £23
International Payments
Including currency transfers in the UK currency inward collections 0.3% (minimum fee £23, maximum fee £40) plus £10 agents charge where applicable
Euro Standard Payments – Gibraltar only
Our SEPA* compliant payment method for sending a payment up to €100,000 £10

*Single Euro Payments Area

Ibanking plus payments
CHAPS reduced tariff £15 per payment
International payments £5,000 or less - £15
Over £5,000 - 0.3% (max £40)
Inward payments from overseas
Depending on payment instructions these charges may be for the beneficiary or remitter Up to £100 – no charge
Over £100 – £7.50 plus agents
charges where applicable
Outward/Inward payment investigations
Within 6 months of payment release Up to £25 per investigation
6 - 12 months from payment release Up to £50 per investigation
Over 12 months from payment release Up to £100 per investigation
Foreign Cheques
Cheques drawn at foreign banks in local currency are usually negotiated Negotiation 0.25% (minimum fee £7, maximum fee £45)
The Bank reserves the right to obtain proceeds on a collection basis where appropriate Collection 0.25% (minimum fee £20, maximum fee £70)
Foreign draft £40

Currency notes and travellers cheques

To buy currency notes and travellers cheques
Currency notes 0% commission
Currency travellers cheques 0% commission
Sterling travellers cheques 1% of value (2% in Gibraltar)
(min £3.00, max £50.00)
To cash in currency notes and travellers cheques
Currency notes 0% commission
Currency travellers cheques 0% commission
Sterling travellers cheques 0% commission
Currency notes paid into or withdrawn from a currency account*
Country Commission rate Commission rate Commission rate
USA US $25,000 and under 1% (min $10) US $25,001 to US $100,000 0.5% Over US $100,000 ask for details
Euro €25,000 and under 1% (min €10) €25,001 to €100,000 0.5% Over €100,000 ask for details
All other currencies £25,000 and under 1% (min £5) £25,001 to £100,000 0.5% Over £100,000 ask for details

*Not applicable to Gibraltar customers. Please ask in branch for further details

Safe Custody


Boxes and parcels annual holding charges*
Large box £55**
Small box £40**
Sealed envelope £20**
Inspection fee £10**

* Please note that we no longer accept new items into Safe Custody

** Plus VAT where applicable