The National Westminster Bank, also known as Natwest, was created when the National Provincial Bank and the Westminster Bank merged in 1968. The newly formed National Westminster Bank began trading on New Year’s Day, 1970. They grew and prospered over the next three decades and by the late 1990’s they dropped the name National Westminster and became known as NatWest instead. In March 2000, the bank was taken over by the Royal Bank of Scotland in a multi billion pound deal and today it is still a part of the RBS financial services group.
NatWest offers a number of different current accounts. Their basic ‘no frills’ everyday current account has no monthly fee and an overdraft facility if required. It comes with a debit card. Premium NatWest current accounts are available for a variable monthly fee depending on the product. These offer a number of extra benefits according to which current account is chosen. Benefits of having a premium NatWest current account include travel insurance, mobile phone insurance, breakdown cover and a ticket booking service with cashback for concerts, dance, opera and theatre.
NatWest current account products are suitable for many different types of customer. The bank has current accounts for students, graduates, and high earners. Student accounts come with interest free overdraft facilities. The most exclusive current account products include luxuries such as airport lounge access and use of a concierge service as part of its extra benefits.
Another NatWest current account benefit is the Emergency Cash service whereby customers can withdraw a small amount of cash from ATMs if their debit card is lost or stolen.
A NatWest current account can be managed by visiting one of the many NatWest high street branches. NatWest also provides a UK based telephone banking call centre, plus apps for smartphones and tablet computers.