NatWest | Reward Account

Monthly fee: £2
AER: 0%
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NatWest | Reward Account customer reviews

2.4 out of 5 from 117 reviews

NatWest Rewards - beware the small print

16:54 14-02-2017

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Natwest rang us offering this account and told us we could save up to £30 pm for a £3pm outlay, so we joined. After a couple of months I moved my bill payments to a different bank and cancelled all direct debits, however the reward account does not show as part of the account from which the payments are made so I didn't notice it wasn't cancelled. £3 went out of my account in November putting me overdrawn. Within 3 months this has now become £75 for unarranged overdraft. I was unaware it had happened. When we queried why the £38 we had earned in rewards hadn't been credited to the account (which would have covered the £3 payments we were told that it is in the small print that you must contact them to specify where you want it to go. I assumed it would go into the account relating to the bill payments. My app does not show a separate reward account nor do I get texts telling me I am overdrawn. I assumed the account was dormant. They have told me there is nothing I can do as the bank is not at fault. This is unfair and sneaky and I will take this to the ombudsman

Caroline Dyer

Excellent service

22:38 03-01-2018

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Have been really pleased with NatWest over the last 6 years since opening our account with them - helpful staff in branch, clear and concise information online and a great banking app!

Donna Hornsby

Great for Bills

15:41 03-01-2018

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This account has saved me a lot of money on my bills through easily acessable cashback.

Laura Hewett

Great for Bills

15:41 03-01-2018

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This account has saved me a lot of money on my bills through easily acrssable cashback.

Laura Hewett

Very helpful

12:39 30-11-2017

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Customer service revive at NatWest is excellent. The online banking tool is easy to use ,

Frankie Rosie

Inexpensive account with good features

22:18 14-11-2017

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Having had packaged bank accounts for many years I now have the basic Rewards account which only costs £2 per month and pays me cashback on most of my direct debits, resulting in being able to earn more money than the account actually costs.

Sylvia Wright

Great value

14:35 13-11-2017

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I pay only £2 a month for this reward bank account and I'm really happy.I pay all my bills via direct debit,so I get money back every month.It's very easy to use and I would recommend it to anyone.It's not expensive and you can get more money back than you pay every month for the bank account.It's really good when everything is so expensive these days.

Eva Vida

Money for nothing

11:15 08-11-2017

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Until recently I wasn't aware of the NatWest Rewards scheme. Speaking with an advisor we arranged to switch my current account to Rewards and also arrange a cash back credit card (no charge for Reward customers). They lost 1 star for dropping the rate from 3% to 2%.


No issues

10:53 08-11-2017

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No issues, I find the rewards good for cinema tickets.

Christopher Lynch

Good account offering cashback and rewards

22:55 06-11-2017

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Would be better if in line with other banks, interest was offered at great rates. Don't find partner offers very useful.

Lawrence Parker

Our review of NatWest | Reward Account

Written by: Alex
Our review by Alex

The NatWest Reward Current Account is one of the cheapest accounts they offer which results in limited benefits. Being able to earn cash on household bills is quite handy, especially as the two Direct Debits can also include your mobile phone bill. This system is also flexible as you can choose to receive your reward as cash straight to your account, as a voucher for well-known high-street NatWest partners or even to donate to charity. Better yet, NatWest don’t put a cap on the amount you can earn, so if you use this account for all of your household bills then you could earn a nice little bonus in the long run which will outweigh the £2 monthly fee.

As with most current account providers NatWest offer online banking, a mobile app and a UK call centre that’s open 24 hours should you need them. They can also boast one of the largest branch networks in the UK and even send pop-ups to some of the more rural areas where customers may not be close to a standard branch. One added benefit that does go above and beyond is that you can use the mobile app to withdraw cash from selected ATMs, which means if you’ve popped out without your purse or wallet, or had it stolen, then you can take out up to £130 per day to keep you going.

NatWest have received a disappointing reception from online reviewers and they’ve been given a rating of ‘bad’ on TrustPilot which covers the whole bank, rather than just their Reward Current Account. Customers have been left dissatisfied with long wait times, frustrating application processes and disappointing customer service, especially given that there are so many ways to contact them.

Overall verdict: For all the bad reviews there are some customers who have had a really positive experience with NatWest. Their Reward Current Account is basic, but you are only paying a small monthly fee – worth it if you are in charge of household bills and want to make the most of earning some cashback from them.


  • 3% Rewards on selected household bills paid by Direct Debit
  • Withdraw cash without your card using the mobile app
  • Switch in just 7 days
  • One of the UK’s largest branch networks

Minimum criteria

  • You must be aged over 18
  • You need to be a UK resident

About NatWest | Reward Account

The NatWest Reward Current Account is one of many accounts that NatWest offer. It costs £2 per month but comes with a number of benefits. For example, customers can earn 3% in rewards on household bills by paying them via Direct Debit – this covers council tax, mobile, TV, water, gas, electricity and broadband. Once the rewards points are accrued and they total to the equivalent of at least £5 then this can be transferred directly to your NatWest Reward Current Account. There is no limit to how much customers can earn this way, however, customers can usually earn around £120 per year based on average monthly Direct Debits of £333. These rewards can also be exchanged for gift cards or vouchers codes for selected retailers. Alternatively they can be converted to money and donated to charities that partner with NatWest.

It takes about seven days to switch to a NatWest Reward Current Account and after that time customers can manage their account using their mobile or tablet app, online banking, telephone team, branches or even pop-up branches at rural locations. The mobile app also lets customers withdraw a maximum of £130 per day from RBS, NatWest or Tesco cash machines without having to use the card.