2014 Lender Lists:
NatWest Overdraft Charges @ www.natwest.com
There is a range of accounts to choose between when scanning the www.natwest.com website. They promote the four most popular choices with only one of these having no monthly fee (Select Account). This follows with the Silver at £10, the Platinum at £16 and the Black Account is £24. Further to this, they have options for graduates, students, under 18s and there is also a basic account. Paid accounts generally just include add-ons such as travel insurance. To cover the NatWest overdraft charges for the Select, you start with a £10 buffer and the monthly usage fee is £6, but you also pay interest at 19.89% EAR.
If you were to max out £100 then this interest would cost around £0.05 per day. The £6 fee works out at £0.20 daily and so collectively you are paying £0.25 each day. At £1000 you would pay around £0.70 daily. For Silver the same discussed fees apply, but you pay £10 monthly. The Select Platinum and Black Account have large buffers, but these are again paid accounts. For unarranged overdrafts, the daily fee is £6 (£90 cap). Unpaid transactions are £6 each time. Their Select plan did have a £100 buffer that was brought down to £10 in summer 2013 that naturally created many disgruntled customers.