NatWest Business Current Accounts

NatWest is part of the Royal Bank of Scotland Group and serves over 850,000 small business customers in the UK.

NatWest offers two main business current accounts – one for newer businesses and one for more established firms. Benefits and details are listed below.

Foundation Account Type V6 (NatWest)

A current account providing access to UK payments services and channels to business <£2m t/o but without any borrowing capability (default offering for standard Current Account failed application)

Features and benefits:

  • CreditInterestRateStructure

    N/A

  • DebitCardType

    Non-authorised

  • OverdraftAvailable
  • RegularTariffs

    Monthly

  • DigitalServices

    yes

  • AccessToBankToYou
  • AccessToBankline
  • ChequeBookAvailable
  • CreditInterestRatePayable
  • CurrentAccountSwitchService
  • DebitCard
  • DirectDebits
  • ElectronicPayments

    BACS; Faster Payments; Domestic Payments; International Payments; CHAPS

  • InstantAccess
  • MobileBanking
  • MultipleAccountHolders
  • OverdraftStructures

    N/A

  • PaymentClearingSystemSupported

    BACS; CHAPS; International systems

  • QuickDepositsServiceAvailability
  • SetOffArrangement
  • StandingOrderAvailability
  • TextAlerts
  • TransfersAllowed
  • AutoTransfers

    yes

Business Current Account (Type 40) NatWest

Current Account product providing access to UK payment services and channels to businesses which can be deployed across Business Banking, Commercial and legacy Corporate segments, the target market is all non personal customers. NatWest Type 40 account

Features and benefits:

  • Cheque Book and Credit book
  • Visa Debit Card
  • Monthly Statements
  • Pre-Notification of charges
  • Automatic Money transfers (Where requested / Agreed)
  • Access to eBanking and Mobile Banking
  • Access to Bankline
  • International Payments
  • CreditInterestRateStructure

    N/A

  • DebitCardType

    Authorised

  • OverdraftAvailable
  • RegularTariffs

    Monthly

  • DigitalServices

    yes

  • AccessToBankToYou
  • AccessToBankline
  • ChequeBookAvailable
  • CreditInterestRatePayable
  • CurrentAccountSwitchService
  • DebitCard
  • DirectDebits
  • ElectronicPayments

    BACS; Faster Payments; Domestic Payments; International Payments; CHAPS

  • GroupAccounts
  • InstantAccess
  • MobileBanking
  • MultipleAccountHolders
  • OverdraftStructures

    Facility Fee

  • PaymentClearingSystemSupported

    BACS; CHAPS; International systems

  • QuickDepositsServiceAvailability
  • SetOffArrangement
  • StandingOrderAvailability
  • TextAlerts
  • TransfersAllowed
  • AutoTransfers

    yes