What is NatWest?

NatWest (National Westminster Bank) is a commercial and retail bank located in the United Kingdom. It was established in 1968 and currently has thousands of branches spread across the country.

Although there are many banks located within the United Kingdom, NatWest has established itself as the largest one in the country. It also provides a well-built online platform to allow its customers to review and conduct bank transactions from the convenience of their own If you are new to using banking services or are currently switching to a different provider, then this guide will tell you everything you need to know about NatWest. It is possible that you have come across a couple of advertisements regarding NatWest and its services.

You may have even heard different things from people regarding NatWest banking and the services that it can provide you. However, personal reviews tend to come with personal biases, and NatWest reviews are no exception to this rule.

When you read a NatWest review online or through another medium, you are not getting the entire story. A one-star review does not tell the entire picture because you are unable to see the story from both perspectives.

You do not know if the complaint was due to something the bank did or due to the customer using its services in an incorrect fashion. Even if you see a 5-star review, the same scepticism applies because the person could have easily been paid good money to say great things about the bank.

Please keep in mind that the above suspicions don’t apply to NatWest banking alone. Before investing your personal money and information towards any bank, you should be sceptical of any extreme claims regarding its services and usefulness. It is best to visit the bank yourself, speak to an available representative, and get the information from that person. If you are still unsure, you can always ask for a printed copy of the terms and policies.

In this comprehensive guide, you will receive an unbiased perspective on the services provided by NatWest banking. Unlike NatWest bank reviews that you may have read from the Internet or by an angry customer, emotional biases and personal opinions will not be included.

Instead, there will be a heavy focus placed on NatWest’s general services, NatWest business banking, and NatWest’s mortgage review. This guide will leave you better informed about what NatWest banking provides and whether it is the right choice for you and your finances. 

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NatWest Banking and Its General Services

natwest banking visa card

Image source: Pixabay

As the largest bank within the United Kingdom, NatWest is able to provide an overwhelming abundance of features and options to its clients. Whether you need a simple plan or something complex, it has a solution that is made just for you and your financial needs.

If you are switching over to its services from another bank, it provides its signature Current Account Switch Guarantee Scheme. This means that within 7 business days, you will be able to completely transfer everything from your old bank account into a new account that is set up with NatWest Banking.

Many people share the common fear that their data will be compromised during the transfer, but NatWest is aware that errors many happen in this process. Should anything occur during the transfer, refunds will be made on any interest or charges made on either account.

If you are interested in learning more about NatWest, it is as easy as setting up an appointment at the branch that is closest to your location. As previously stated, with thousands of locations around the United Kingdom, there is going to be at least one branch that is nearby. Many of the branches have somebody that will be able to see you shortly upon arrival, but you can always set up an appointment for the near future.

Once you are seated with a qualified associate, you will be taken through a list of its banking plans. There is something for everybody, including children and university students. Each plan comes with the basic necessities, such as access to mobile and online banking, a debit card, and an overdraft limit to avoid overspending your money. If you want more options, such as various types of insurances and discounts for certain purchases, a small monthly fee will be applied to your account.

The most important part of NatWest Banking is the security that it guarantees to each and every one of its clients is the security that it provides. Using the latest technologies and procedures in fraud prevention and hacker activity, you will be notified immediately if any suspicious activity or purchases have been made under your name. You will usually have any stolen money refunded back to your account, and an assistant will work hand-in-hand with you to ensure that you are safely protected.

In addition to this, you are also provided with sensible precautions and safety tips that you can use to ensure that your banking is always secure, no matter the platform being used or the activity being done.

If you want to start a subaccount, where you put all of your savings away for a later date, you can simply set up an Instant Saver account. It is as simple as making a quick visit to your local branch to have the account set up and working in no time at all.

With zero penalties for withdrawing money, as well as interest paid monthly to your account, you can start saving your money today in preparation for major life events such as retirement and paying off college tuition for your children.

There are many other general services available at NatWest Banking, but the ones that are most pertinent to the general population have been covered. Most people do not need several services offered to them at once but rather a few which are done exceptionally well, with easy handling and air-tight security.

If you want to inquire more into details about NatWest and the listed services, you can always schedule an appointment with a representative and ask any questions that you may have.

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What Does NatWest Business Banking Offer Its Clients? 

natwest business banking

Image source: Pexels

Although NatWest Banking and its general services may be sufficient for the general population, serious business clients are looking for something more. After all, banks are one of the biggest resources when it comes to loans and account set-ups for companies.

Whether you are part of an up-and-coming start-up company, a non-profit organization or an international business generating millions of pounds in revenue, NatWest Banking has something for companies of every size. 

If you are a new business setting up a banking account with NatWest for the very first time, you will be treated to a generous introductory package that will help your business get the traction it needs to succeed. NatWest Banking understands that clients have enough to worry about without having to deal with complex bank policies, so it provides a very simple plan. You will have no service charges on your account for the first 2 years, no arrangement fees for business loans, and no annual fees on the provided business credit card for the first year. 

Another important service provided by NatWest to all companies is business insurance. In the case of an unforetold disaster that affects your company financially, insurance can make the difference between a temporary setback and a fatal finish. Each company comes with its own set of risks and dangers, so NatWest business banking has trained advisers to help you set up an insurance plan. Based on your individual circumstances, a customized plan and quote will be made available to you and your team.

When it comes to taking loans, there are special conditions offered by NatWest that will help streamline the process and make it easier on your end. Based on the amount you want to borrow and the time frame over which you want to pay it back, a trained adviser will help you work out a flexible plan that will allow you to pay the money back with minimal stress and effort. No costly arrangement fees are included in the loan, so you can feel comfortable knowing that what you are paying back is exactly what you see on your account.

While there are more nuanced business services provided by NatWest business banking towards larger corporations, the most important services have been covered in this guide. The most important part is that you are comfortable with having NatWest as your business bank account since a stable, long-term relationship is in the best interest of any business that wants to thrive over many years.

As mentioned in the previous section, any lingering questions can always be answered by setting up an appointment and speaking to a representative who is expertly trained in dealing with businesses of any size or industry.

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NatWest Mortgage Reviews – Is It Worth Using?

For new and experienced homeowners, one of the most dreadful parts of buying and owning a home is the mortgage that has to be paid over several years. When people are unable to finance the home with their own funds, they take a loan from a bank and pay back the money, plus the interest that accumulates, over a set time period. Given that your home can be repossessed on the failure to consistently keep up with mortgage payments, loans can provide a lot of stress for many people.

If you are a first-time buyer, NatWest will sit down with you and hold your hand throughout the entire process. Whether it involves determining how much you can borrow, deciding on the criteria that will make you satisfied with the house of your choice or compiling important records for the lender, you will know what to do and when to do it.

You will also have options to choose from for your mortgage plan, ranging from a fixed-rate mortgage to a mortgage that is variable based on the annual rate set at the Bank of England base rate.

If you are moving into a new home and need to transfer your mortgage, NatWest will first check your credit history in order to ensure that it will be able to lend the money that you are requesting. Following this, you will be provided with expert tips on how to navigate the moving process while managing the rearrangement of your mortgage payments at the same time. It will make sure that you sign all the necessary papers and agreements on time so that you can get started on making your down payments right away.

Last, but certainly not least, mortgages set up with NatWest are very easy to manage online or on your mobile phone. All you have to do is log in to your bank account, and you’ll be provided with a separate window where you can view everything that is relevant to your payment on the screen. Whether you want to adjust payment dates, switch to a new rate or view your current balance, all of that information will be made readily available to you.

In conclusion, NatWest offers comprehensive mortgage set-up and reviews services for its clients, no matter their experience level. With that said, please remember that the responsibility of paying your mortgage payments on time will ultimately rest on your shoulders. Your bank can try to provide notifications in advance, but it will be up to you to ensure that the mortgage gets paid at the rate that you promised in the signed contract.

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Is NatWest Banking Right for Me and My Circumstances?

We hope this guide was informative and answered any questions you had about NatWest banking and the services that it provides to its clients. This guide was not intended to convert readers into using the services provided by NatWest but rather to provide a brief overview of what it can do for you. As mentioned in each and every section, it will be up to you to do the necessary investigation and consultation with NatWest to see if its services will be right for you and your circumstances.

Let us know your thoughts on this guide in the comments below. We would love to hear your thoughts on how useful this guide was to you!

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