Provider profileLast checked 8 November 2026
NatWest Business Current Account
A high-street business current account with no monthly fee on the Standard Tariff, a charge per transaction, and 2 years' free everyday banking for eligible start-ups and switchers.
- Cheapest plan
- No monthly fee; 2 years' free everyday banking for start-ups (turnover up to £1 million) and full switchers (turnover up to £2 million)
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
National Westminster Bank Plc, authorised by the PRA and regulated by the FCA and PRA (Firm Reference Number 121878).
How your money is protected
Eligible deposits are protected up to £120,000 per depositor by the FSCS. Deposits with NatWest, NatWest Premier, Ulster Bank, NatWest Boxed and Mettle are added together for that limit.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Business owners and directors aged 18 or over, with at least one UK resident on the application. The business must be registered for UK income or corporation tax, and applicants can't have been declared bankrupt or have a County Court Judgement or Court Decree. Businesses with turnover over £2 million must show evidence of it.
Headline fees
| Fee | Detail |
|---|---|
| Monthly fee | None on the Standard Tariff |
| Automated payments in or out (Direct Debits, standing orders, Faster Payments, cash machine withdrawals) | £0.35 each |
| Cash in or out at a branch, Post Office or deposit machine | £0.95 per £100 |
| Manual payments (cash or cheques at a counter or deposit machine) | £0.95 per item |
| Cheques paid in through the app | £0.75 each |
| International payments in Online and Mobile Banking | £15 |
| Receiving international payments | £7 |
| CHAPS | £25 on Bankline, £30 in branch |
| Debit card payments and cash in a foreign currency | 2.75% |
Limits worth knowing
- Free banking doesn't cover unarranged overdrafts, Bankline, international payments or extra services. For accounts opened from 20 April 2026, it ends if cash deposits pass £200,000 in 12 months.
- The switcher offer isn't available when switching from a Royal Bank of Scotland or Ulster Bank business account.
- FreeAgent accounting software is free while you keep the account.
How it compares
- Incard vs NatWestFees, cashback, foreign currency, protection and eligibility side by side.
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NatWest against other accounts
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See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs NatWest BusinessWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check NatWest Business Current Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.