Rates And Fees | Current Accounts | NatWest International


Current account rates and fees

Details of interest rates and fees that apply to your current account

Our personal rates and charges

The Personal Banking rate and account fee documents contain information about the amount of the charges and rates of interest that apply to your account.

Download our account terms and fees (PDF, 146KB)
Download our account fees summary (PDF, 38KB)

All charges and rates shown are correct as at 30 October 2018 unless otherwise specified and are subject to variation.

Download our current account interest rates (PDF, 39KB)

Current account interest rates correct as at 23 June 2020.

Account rates and fees for personal customers

Current account interest rates

Account type


Gross rate per annum (%)

AER (%)

Gold account
Interest paid monthly
Available from age 18




Select account
Available from age 18




Card Plus account
Interest paid monthly
Available from 11 up to age 18




Student account
Available from age 18




Basic account
Available from age 18




Monthly account fees

The following monthly account fee is payable by Gold account customers.


Your account includes access to all the benefits listed in the appropriate brochures and on our website.


Type of account

Monthly account fee

Gold account


Application of 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.

Arranged overdraft interest

Gold account, Select account, Global Select account

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 arranged overdraft interest.

Arranged Overdraft Interest Rates


Type of account

Interest free threshold

Gold account


Select account, Global Select account


If the amount of your arranged overdraft facility exceeds these thresholds, you will pay arranged overdraft interest at the rates shown in the interest rates table below on the entire balance, including the amount below the interest free threshold.


Please note if the overdraft facility you have agreed with us is less than or equal to the thresholds shown above and you exceed your arranged overdraft facility, you will pay arranged overdraft interest at the rates shown below on the entire arranged overdraft facility.


Arranged Overdraft Interest Rates


Type of account

Nominal monthly rate %

Nominal annual rate %


Gold account
All amounts




Select account, Global Select account
All amounts




Calculation and application of interest


Arranged overdraft interest is calculated on a daily basis and charged monthly.


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


We do not charge interest on Unarranged overdrafts. Nor do we charge arranged overdraft interest on any part of an arranged overdraft which represents an Unpaid Transaction Fee or an Unarranged Overdraft Usage Fee.


Student/Graduate account


All Student/Graduate account arranged overdrafts are interest free. If at any time you cease to be a student/graduate customer for any reason, then the interest rate you pay on your overdraft will revert to the standard rate which applies to Select account customers.

Arranged overdraft, unarranged overdraft and unpaid transaction fees



Maximum Charge

Arranged Overdraft Usage Fee

£6 where arranged overdrafts are used by more than £10 per charging period

One fee per charging period (£6)

Unarranged Overdraft Usage Fee

£8 per day for unarranged overdrafts of more than £10

9 fees per charging period (£72)

Unpaid Transaction Fee

£8 for each unpaid transaction

1 fee per charging period (£8)

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, or there is greater than £10 owing on your account at close of business on the first following business day.


The table shown below highlights which fees may be charged on which accounts:



Arranged Overdraft Usage Fee

Unarranged Overdraft Usage Fee

Unpaid Transaction Fee

Gold account

Select account

Foundation account

Basic account

Student/Graduate account

Global Select account

Debit card and ATM card charges

This section 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


Sterling cash withdrawals from any UK, Channel Islands, Isle of Man or Gibraltar cash machine (ATM) and Branches


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

Foreign currency withdrawals from any cash machine (ATM) 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).

Where a charge in the table 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 Interchange Fees section.

Additional services, payments & travel money

We don’t believe in hidden charges. That’s why we’ve put together this helpful guide to some of the additional services we provide.


Additional Services

Obtaining copies of statements

£3 per request

Certificate of debit interest

No Fee

Certificate of credit interest


Tailored loan arrangement fee

2% of amount borrowed (minimum fee £100)

Stopping a cheque (unless it has been lost or stolen)


Domestic payments

Issuing a sundry payment cheque


Special presentation of a cheque
A cheque made payable to you can be specially presented by post to confirm quickly that it will be paid.

£15 (£25 in Gibraltar)

Same day electronic transfer
We can arrange same day electronic transfer of funds (CHAPS) between banks in the UK.


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
*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 (including payments returned due to incorrect beneficiary details)

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

Sterling travellers cheques


1% of value (2% in Gibraltar)
(minimum fee £3, maximum fee £50)

Cash in

0% commission

Currency notes (buy and cash in)

Currency notes

0% commission

Currency notes paid into or withdrawn from a currency account*


Commission rate

Commission rate

Commission rate

US Dollar

US $25,000 and under 1% (min $10)

US $25,001 to US $100,000 0.5%

Over US $100,000 ask for details


€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 and note that currency notes may not be available immediately.


Safe Custody Boxes and parcels annual holding charges
Please note that we no longer accept new items into Safe Custody

Large box

£55 (plus VAT where applicable)

Small box

£40 (plus VAT where applicable)

Sealed envelope

£20 (plus VAT where applicable)

Inspection fee

£10 (plus VAT where applicable)


Some common terms used on this webpage.


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 arranged overdraft interest is charged to the account.

All other charges, such as arranged and unarranged overdraft fees, must be shown separately from the EAR.


Gross Rate
The interest rate paid before the deduction of tax


Nominal Rate
The rate charged excluding compounding of arranged overdraft interest and other charges associated with a borrowing, e.g. security fees.


per annum (per year).

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