natwest travel insurance with bank account

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Reward Black account insurance cover

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What's included?

Your Premier Reward Black account has a great range of insurance cover to protect you at home or abroad:

Worldwide travel insurance

Mobile phone insurance.

UK & European car breakdown cover

24/7 Home Emergency Service

Policy underwritten by Aviva Insurance Limited

What's included in your cover.

You’re automatically covered but we recommend that you register your phone to make the claims process quicker.

Worldwide cover for your mobile phone against loss, theft, accidental damage or breakdown (once your manufacturer's or any other relevant warranty has expired). Please note if you're outside the UK we won't repair or replace your phone until you return.

Four approved claims during any 12-month period.

Standard accessories that are lost, stolen or damaged at the same time as your phone, are covered up to £250.

Things to remember

Devices with a screen size more than 7 inches are not covered.

Covers the phone used on a daily basis by you, your partner and/or your children under 18 years old who live at home with you (under 23 years old if they are still in full time education and living at home with you outside term time). There is no cover for phones owned by your employer.

There is a £100 excess for each approved claim when your phone is replaced. There is a £50 excess for each approved claim when your phone is repaired.

Replacement phones are refurbished handsets in ‘as new’ condition using genuine manufacturer parts.

Repairs use genuine manufacturer or manufacturer quality parts.

What's not covered

No cover if you deliberately put the phone at risk or left it visible in an unattended vehicle.
No cover for information or apps stored on the phone.
No cover for any costs resulting from unauthorised use.

How to make a claim

Claims should be reported as soon as possible when theft, loss, damage or breakdown is discovered.

If your phone has been lost or stolen, you must report it your network provider as soon as is reasonably practicable after the event.

If your phone has been stolen, you must report it to the police and request a crime reference number.

We won't pay any claim where you do not provide the IMEI number or the IMEI number you provide is currently recorded as lost or stolen.

Call us on:

UK: 0345 601 7188 Relay UK: 18001 0345 601 7188

Lines are open: 8am-8pm Monday to Friday. 9am-6pm Saturday, 10am-5pm Sunday.

Bank Holidays will be opened during the same hours noted excluding Christmas Day and New Year's Day.

Protection for your most precious gadget

Many of us run our lives on our mobiles. Our mobile phone policy covers loss, theft, accidental damage and breakdown (once your manufacturer's or any other relevant warranty has expired).

Love travel? Your Premier Reward Black account comes with worldwide travel insurance, providing cover for you and your eligible partner and dependent children for trips up to 90 days, including 31 days for winter sports. The policy also has up to £10 million emergency medical expenses cover (underwritten by AWP P&C SA and administered by AWP Assistance UK Ltd trading as Allianz Assistance).

Car breakdown cover

Provided by automobile association developments limited (trading as aa breakdown services).

All your vehicles are covered - Your policy covers any privately registered vehicle you travel in, anywhere in the UK and Europe. It also covers your vehicle if it is being driven by someone else with your permission.

Roadside Assistance - Anywhere in the UK and Europe.

At Home - Get help when your vehicle won't start at home.

National Recovery - If the AA can't get your vehicle going, they'll take you and your vehicle to a destination of your choice.

Onward Travel - If your vehicle can't be fixed at the roadside, the AA can help you complete your journey. This may be by arranging a replacement vehicle, booking you a night's accommodation or funding alternative transport costs (i.e. rail fares) where appropriate.

Accident Assist - A 24/7 accident claims service. The AA will handle your insurance claim - at no additional cost - no matter which company insures you.

Full details on car breakdown cover

Main exclusions of your cover

Doesn't cover any repair costs once the insured vehicle has been transported to a garage or repairer.

Repeat call-outs for the same fault within 28 days won't be covered.

All vehicles must meet legal requirements - insured, taxed and with a valid MOT.

All vehicles must be within 3.5 tonnes, no wider than 2.55m, and in Europe no longer than 7m or higher than 3m. Motorbikes under 200cc are not covered in Europe.

Contact details

In the event of a breakdown, please register and track this on the AA app or call:

UK: 0345 601 7188 Relay UK: 18001 0345 601 7188 Europe: +44 (0) 345 601 7188

Cover for your car at home and abroad

The AA provide our UK & European breakdown cover and includes getting you to a destination of your choice if they can't get your vehicle going again.

Home emergency service

Cover underwritten by u k insurance limited.

Covered up to £750 including VAT.

Cover applies for two homes – your main residence and any second you own in the UK (excluding properties you rent out).

The home must be owned by you and be your permanent, or secondary, private place of residence.

Your home must be in the United Kingdom or the Isle of Wight.

External water supply pipes.

Boilers over 10 years old, or with an output over 75kw.

Any emergency, if your home has been unoccupied for more than 60 consecutive days.

Detached garages and outbuildings.

Homes in Northern Ireland, the Channel Islands, the Scilly Isles and the Isle of Man.

Your Home Emergency cover is not a household buildings or contents insurance policy, or an equipment maintenance contract.

If you suffer an Emergency at your Home please call us on:

Telephone: 0345 601 7188 Relay UK: 18001 0345 601 7188

Emergency cover for your home, day or night

You're covered for two homes in the UK (excluding properties you rent out) up to £750 including VAT. We only use approved repairers to give you peace of mind.

Your Premier Reward Black account documents

Please take some time to review, print and/or save a copy of these.

Black Travel Insurance Policy (PDF, 406 KB)
Black Account Benefit Terms (PDF, 476 KB)

Find an answer in our FAQs

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natwest travel insurance with bank account

The three best bank accounts with travel insurance bolted on: We pick our favourites and whether they're worth paying for

Some bank accounts include annual worldwide travel insurance
They often also include car breakdown cover and mobile phone insurance
Although there is a monthly cost, having such an account may make sense

By Ed Magnus For Thisismoney.co.uk

Updated: 03:28 EDT, 9 August 2022

View comments

Many Britons will feel a bank account isn't something they're prepared to pay for - after all, most current accounts are 'free'.

However, some packaged bank accounts offer a host of benefits that added together could justify their monthly cost.

The typical perks include free annual worldwide travel insurance, car breakdown cover and mobile phone insurance, often with family members included.

There is also the convenience factor of having three insurance policies taken care of saving both time and effort in having to organise it separately.

Some bank accounts charge a monthly fee, but throw in perks such as annual worldwide travel insurance.

Michelle Stevens, banking expert at comparison site Finder, says: 'If you and your family are frequent travellers, then a current account with packaged travel insurance could be well worth the monthly fee, especially given the rising cost of travel insurance premiums in the last two years.

'But before signing up to any premium current account, it’s important you check that the terms of the travel insurance policy - as well as the other account features and perks - suit your needs.'

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She adds: 'Another benefit of getting free travel insurance with a current account is that a lot of people usually forgo it - up to 8.6million in 2019 - which is not an advisable move.

'If you get seriously injured abroad then the bill can reach hundreds of thousands of pounds, so having travel insurance included with a current account may result in a lot of people getting covered who may not have done so otherwise.'

We pick our three favourite current account deals for travel insurance, taking into account the monthly cost and the additional perks on offer.

1. Nationwide Flex Plus

This account offers worldwide travel insurance as well as mobile phone and European breakdown cover.

It does come with a £13 monthly charge, which, compared to other packaged bank accounts looks relatively cheap.

Its worldwide family travel insurance, includes winter sports, golf, weddings and business cover.

Nationwide offers worldwide travel, mobile phone and European breakdown cover and charges £13 a month for maintaining the account.

Cover for travel essentials includes luggage, documents and cash as well as protecting against travel-specific problems like delays, cancellations and medical expenses.

Then cancellation cover is up to £5,000, the medical expenses cover up to £10 million, whilst cover for travel disruption will be eligible when caused by natural disasters, or airline or travel end supplier failure.

The policy doesn't cover medical conditions unless they have been declared to Nationwide and accepted. In some instances, you can pay for a medical upgrade to your insurance policy.

Two other clauses to be aware of is that the longest trip length allowed is 31 consecutive days.

For any person to be insured who is aged 70 or over, they must buy an age upgrade to cover them.

Although the monthly cost will add up to £156 a year, it's possible to offset much of this during the the first year, thanks to Nationwide's current account switching incentive.

Non-Nationwide members can currently get £100 for switching, whilst members who switch to the Flex Plus account could get £125.

Saves the extra admin: Nationwide's annual travel insurance policy is worldwide, and covers a whole family for multiple trips, not just the individual account holder.

On top of travel insurance, account holders get vehicle breakdown cover both in the UK and the rest of Europe and mobile phone insurance for the whole family.

The car insurance is valid whether someone is a driver or a passenger in a vehicle, and comes with no excess to pay and unlimited callouts.

The mobile insurance covers mobiles belonging to the account holder and those belonging to their partner and dependent children. It covers for loss, theft, damage and faults.

2. Virgin Money's Club M Account

Virgin's Club M Account comes with a £14.50 monthly charge.

Similar to Nationwide, it offers 31 days' worldwide cover per trip. It will cover the account holder and a partner living with them if there're both under 75, so it's a little more generous on that front.

Virgin's worldwide family multi-trip travel insurance - includes winter sports, golf and weddings. Plus, 24 hour access to a doctor at home or abroad.

There's also cover for up to four dependents under 18 - either in full time education or living with the account holder.

Emergency medical treatment, includes falling ill with coronavirus while away, and cover for the journey home, if it's medically necessary.

It also covers lost, damaged or stolen items, and if the baggage is delayed, any essentials will be paid for in the interim period. It also includes cover for delays or missed departures and winter sports as standard.

Account holders are also covered when cancelling or cutting short a trip if they fall ill with coronavirus as long as they didn't know they had it and weren't being tested for it when they booked their trip.

The cover includes emergency medical, surgical, hospital, treatment and ambulance costs, as well as any additional accommodation and travel expenses if someone cannot return to the United Kingdom.

There is a maximum allowance of 31 days of worldwide cover per trip.

It covers the account holder and their partner living with them if they're both under 75. There's also cover for up to four dependents under 18.

A claim will be void if it relates to any medical treatment received because of a medical condition or an illness related to a medical condition which a person knew about at the time of opening the account.

What else?

On top of the travel insurance it also offers UK breakdown cover with no call out charges, whether as the driver or the passenger and offers help at the roadside and at home.

It also offers worldwide mobile phone and gadget insurance covering against loss theft, damage, and breakdown

Just make sure you've declared any pre-existing medical conditions and don't leave your valuables unattended to be fully covered.

Its Worldwide family multi-trip travel insurance - including winter sports, golf and weddings. Plus, 24 hour access to a doctor at home or abroad.

Virgin current account holders also benefit from various other perks.

It offers access to an easy-access linked savings account paying 1.71 per cent on balances up to £25,000. C ustomers can also benefit from 2.02 per cent on balances up to £1,000 in their bank account.

New customers switching to the Virgin Money Club M Account can also receive a bonus of 20,000 Virgin Points to spend with Virgin Red, thanks to Virgin Money's latest current account switching offer.

Virgin Red is a rewards club that turns everyday spending into points. Once you are a member, you can earn and spend Virgin Points across almost 200 different rewards.

The 20,000 Virgin Points boost means travellers could get a return flight to Barbados, the Bahamas or St Lucia, while bakery enthusiasts could turn their points into 100 sausage or vegan sausage rolls, 61 coffees or teas or 100 doughnuts or muffins.

3. Halifax Ultimate Reward Current Account

Halifax Ultimate Reward current account costs £17 per month, the equivalent of £204 per year. However, there are ways to dramatically reduce this via its cashback and switching offers.

The account includes a family travel insurance policy for the account holder, their spouse or partner and children aged 18 or under, or up to 24 if they're in full time education.

It includes cover for personal belongings, certain sports and activities such as winter sports golf trips.

At £17 a month Halifax is the most expensive of our three top picks. However, its £150 cash incentive and £5 monthly cashback could help account holders to significantly reduce the cost.

Its cover includes, up to £10million for hospital fees, repatriation, medical confinement, funeral and dental costs incurred if taken ill or injured on your trip.

Up to £5,000 in total for loss of pre-paid travel and accommodation expenses in the case of cancellation or curtailment.

It covers personal baggage up to £2,500 if it is lost, damaged or stolen. This includes up to £500 for valuables, and up to £500 for a single item or pair or set of items.

It also covers personal money up to £750 for loss, or theft. This includes up to £300 cover for cash. This is limited to £50 for under 16s.

Watch out:

Existing medical conditions are not covered, unless these are agreed with the insurer first, and an additional premium may be payable.

The longest trip length is 31 consecutive days. For winter sports, a maximum of 31 days cover in a calendar year.

Halifax's travel insurance covers personal Baggage up to £2,500 if it is lost, damaged or stolen.

It's also worth noting that a £75 excess per adult per incident may apply and to be covered trips must start and end in the UK.

All cover ends when the account holder turns 71. As long as the account holder is less than 71, their spouse or partner will also be covered until they reach 71.

Eligible children can also be covered so long as they are travelling with the spouse, partner or civil partner of the policyholder.

What else:

It also offers car breakdown cover with the AA. This covers any vehicle the account holder is travelling in, at the roadside or at home. But only in the UK.

For mobile insurance, it covers breakdown, accidental damage, loss and theft up to £2,000.

However, it only Covers one phone per account holder or two in the case of a joint account. An excess of £100 is payable on all successful claims.

The £17 fee makes it a little more expensive than a few others but there are ways to reduce the cost.

Halifax is currently offering a £150 switching incentive for those who switch from another current account.

On top of the £150 bribe there are other perks to take advantage of. There is a choice of £5 a month paid into the account, two film rentals or three magazine rentals, or a free cinema ticket each month.

In order to benefit from this account holders must choose to either Spend £500 on their debit card each month or Keep at least £5,000 in the account at all times.

They must also pay in £1,500 or more into your account each month and stay in credit - keeping your balance at £0 or above.

THIS IS MONEY'S FIVE OF THE BEST CURRENT ACCOUNTS

Chase Bank will pay £1% cashback on spending for the first 12 months . Customers also get access to an easy-access linked savings account paying 3.8% on balances up to £250,000. The account is completely free to set up and is entirely app based. Also no charges when using the card abroad.

Nationwide's FlexDirect Account offers 5% in-credit interest to new joiners when they switch on balances up to £1,500. This rate only lasts for one year. The account is fee free.

Halifax Reward Account pays £150 when you switch. Also earn up to an extra £75 cashback when you spend £750 each month for 3 months. There is a £3 monthly account fee, but that’s stopped by paying in at least £1,500 each month.

First Direct will give newcomers £175 when they switch their account . It also offers a £250 interest-free overdraft. Customers must pay in at least £1,000 within three months of opening the account.

NatWest's Select Account account pays £200 when you switch. The account has no monthly charges, but to be elligible for the £200, you'll need to deposit £1,250 into the account and log into mobile banking app within 60 days.

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Best bank accounts that offer travel insurance

If you regularly travel, it could be worth looking for a bank account that includes travel insurance as part of the package..

In this guide

Should you get a bank account with travel insurance?

Pros and cons of a bank account with travel insurance, bottom line, frequently asked questions.

Current accounts with

Current accounts

We compare the following banking apps

Certain bank accounts require a monthly fee. But in return, you’ll get access to a range of benefits. One perk on offer from so-called ‘ packaged accounts ‘ can include travel insurance.

Having travel insurance automatically included with your bank account can be convenient, as you won’t need to take out a travel insurance policy each time you head abroad. But is it the right option for you? We take a look.

Whether you should get a bank account with travel insurance included ultimately depends on your situation. For a start, you’ll need to be comfortable paying a monthly fee for your bank account. Usually, this will be around £10 to £30 a month, depending on the account.

You should compare the cost of this fee against the cost of buying a separate travel insurance policy to see what works out the most cost-effective. To do this, multiply the monthly account fee by 12 and compare it to a standard annual policy. However, keep in mind that many packaged bank accounts also include other benefits such as mobile phone insurance and breakdown cover as part of the deal, so you’ll need to work out how much these would cost separately to get a fair comparison.

Another key consideration is exactly what the travel insurance policy included in your bank account covers. For example, does it offer worldwide travel insurance, or is it only valid for European countries? Does cover apply to you and your family or only you? If it covers you as a family, do you have to travel together to be insured?

You’ll also need to check the following:

How much cover do you get for lost luggage, medical costs, repatriation, holiday cancellation and so on?
Will you be covered for winter sports or other hazardous activities? Or do you need to pay extra?
Are there any age restrictions? Certain policies won’t cover you if you’re aged 70 or over, for example.
Are pre-existing conditions included?
How long does cover last? Some policies might only offer cover for trips of up to 31 consecutive days, for instance.

Note that many travel insurance policies (whether they’re offered through a bank account or not) won’t cover pre-existing conditions and limit the number of days per trip before cover expires. But it’s important to compare exactly what you’d get with a packaged account and what buying travel insurance separately would cover you for before you can work out whether a packaged account is worth it.

Can work out to be cost-effective, especially if it covers the whole family
More convenient than applying for policies separately
Other perks might be included in the account, such as mobile phone insurance
It won’t necessarily be cheaper than applying for travel insurance separately
Exclusions will apply
If you don’t declare all pre-existing medical conditions, you could invalidate your policy

Applying for a bank account with travel insurance included offers the convenience of never needing to remember to take out a travel insurance policy before you go on holiday. If you have a family, this can be particularly beneficial if the policy covers all of you. Plus, if your policy includes cancellation cover, you’ll be automatically covered from the moment you book your next trip.

However, it’s crucial to check whether family members must travel together or whether cover also applies if you travel separately. You should also check exactly what is and isn’t included in the cover and whether the cost of the account is worth it.

Can I get travel insurance on a joint bank account?

Will my bank account include travel insurance for cruises.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use . When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Rachel Wait

Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time.

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We look at switching bonuses, what they are, how they work and which banks offer the best ones. If you’re fed up with your current bank, you could switch accounts and get a nice little cash bonus as an extra perk.

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Is the digital-only bank the right option for you? Read our review to get the low-down on all of Starling’s features and benefits. We cover everything from Starling’s overdraft service to whether the card can be used abroad.

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Allianz Partners appointed by NatWest Group as travel insurance provider

Allianz Partners has been appointed by NatWest Group as travel insurance provider to their packaged bank account customers. The partnership spans NatWest Group’s wider family of banking brands including NatWest, Royal Bank of Scotland and Ulster Bank. Customers will have access to Allianz Partner’s travel insurance from February 2024.

The deal is a strategic partnership arising from Allianz Partners’ successful track record partnering with Coutts, RBS International and Isle of Man Bank, all part of NatWest Group. Allianz Partners has worked with Coutts since 2018, providing travel peace of mind to its high net worth clients.

As its packaged bank account travel insurance provider, Allianz Partners will leverage its digital offering to provide NatWest Group’s customers with access to a range of online services through the Allianz Assistance hub. The hub, which will be integrated with the bank’s own online banking app, will enable customers to manage their insurance, purchase additional cover, request assistance and track claims.

Marcus Latchford, Chief Sales and Distribution Officer, Allianz Partners UK and Ireland, commented: “Our partnership with NatWest Group is thanks to the excellent foundation we have developed over the past five years working with Coutts and other parts of the business. We’re delighted that we are able to extend the partnership to cover the whole Group.”

He continued: “Our digital innovation combined with the ‘human touch’ has enabled us to broaden our share of the UK travel insurance market and this collaboration exemplifies our customer focus and commitment to provide exceptional insurance products and services, embedded within our business partners’ products. We look forward to delivering peace of mind to NatWest Group’s customers.”

Barry Connolly, Managing Director of Every Day Banking NatWest Group, commented: "Travel insurance is one of the benefits that our packaged account customers tell us they value the most, and we're really pleased to be working with a global, long-standing trusted partner to enhance the experience customers have when taking the product and tracking their claims, giving them greater peace of mind ."

Allianz Partners’ travel insurance for NatWest Group customers will be available from February 2024.

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A current account with extra benefits

To apply, you must be 18+ and a Jersey, Guernsey, Gibraltar or Isle of Man resident. Applicants from Gibraltar must be an existing customer. £18 monthly fee.

For a monthly fee of £18, get more with Gold.

Arranged overdraft with preferential rates. Subject to status
Credit interest on current account balances
Travel insurance for you and your family, including winter sports cover
24/7 dedicated concierge service helping you make the most of your valuable free time
Private Motor Excess Insurance and car rental loss damage waiver insurance

Why choose a Gold account?

Travel insurance in detail.

One of the primary Gold benefits is the travel insurance. The built in travel insurance offers comprehensive cover when travelling and includes winter sports cover.

If you experience difficulties while abroad, you have access to 24/7 emergency medical assistance. Wherever you are in the world, one simple phone call will provide you with instant help and support, day or night.

Family cover includes you and your partner, plus any dependent children under age 18 at the start of the journey, (under 23 if they’re in full-time education).
Children must be living at the home address (or with the other parent), and be neither married or in a civil partnership.
Your partner is the person you, the account holder, lives with at the same home address in a relationship, whether married or cohabiting.

Review our insurance guides

For more information on how coronavirus (COVID-19) affects your Gold account travel insurance, please review our frequently asked questions (opens in a new window) .

Emergency medical assistance and claims

If you are injured or ill while you are away, please contact us on:

020 8763 3040

Call +44 (0) 20 8763 3040 from abroad

Using Relay UK? Call 18001 020 8763 3040

email: [email protected]

Lines are open 24 hours a day, 365 days a year

Non-emergency claims

For non-emergency claims, please contact us on:

023 9267 6060

Call +44 (0) 23 9267 6060 from abroad

Using Relay UK? Call 18001 023 9267 6060

email: [email protected]

Lines are open 9am to 5pm, Monday to Friday

Only available to Gold account customers. Gold travel insurance is underwritten by AWP P&C SA and administered in the UK by Allianz Global Assistance.

What the concierge service offers

NatWest International has teamed up with Ten, a leading lifestyle management company to bring Gold account customers a 24/7 concierge service.

Our members enjoy a whole host of exclusive dining, travel, entertainment and retail benefits that have been negotiated with world-leading brands by our team of specialists.

Unlimited dining, travel and ticket requests
Savings on flights departing from the UK with Ten’s partnered airlines including various long-haul destination flights with British Airways.
Access to the experts at Ten concierge

How to get started with Ten

Call or email Gold membership services on:

+44 (0) 2392 676060

email: [email protected]

When emailing Ten concierge, please remember to include your full name and details of how they can help you.

Lines open Monday to Friday 8am to 8pm, Saturday 9am to 5pm. If you’re calling outside of these hours, please call 0207 479 3447.

Private Motor Excess Insurance

The insurance works alongside your existing car insurance. It covers the cost of your excess if you have to make an ‘at fault’ claim where the damage to your vehicle is greater than your excess limit. Should you need to make a claim on your car insurance, you pay your excess as normal and then claim it back. Cover is available for persons who own and insure their private motor vehicle. £3,000 is the limit under the policy.

To notify the insurer of a claim:

Policy number: NWI - PME

Membership Services: 02392 676060 Monday to Friday 9:00am - 5:00pm

email: [email protected]

You must give all information or help that you are asked for. Further details of how to claim are included in the policy document.

Car Rental Loss Damage Waiver Insurance

£50,000 (or equivalent in local currency incurred as a result of damage, fire, vandalism, theft of use of the rental vehicle. £20 per day (up to a maximum of £200) if the car rental is cancelled or cut short on the advice of a physician. £200 to pay for drop-off charges incurred through the car rental station following an accident or illness. £50 for calling out a locksmith if a named beneficiary unintentionally locks their keys in the rental vehicle.

Policy Number: NWI - LDW

Membership Services: 02392 676060 Monday to Friday 9:00am – 5:00pm

This insurance provides cover for rental periods of up to 31 days. Cover is available for persons aged 21 to 84, at the time when the car rental booking is made.

Only available to Gold account customers. Private Motor Excess Insurance and Car Rental Loss Damage Waiver Insurance provided by AWP P&C SA and administered in the UK by Allianz Global Assistance.

Switch your account to us

The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free. You can choose a switch date to suit you, just make sure you allow a minimum of 7 working days.

The Current Account Switch Service is not available for accounts held in Gibraltar.

Day to day banking from your screen

Online banking

Online banking is a fast and secure way to manage your everyday finances with features including:

Make sterling & international payments
Manage your Direct Debits and standing orders
Create text alerts and more

Online banking available to customers aged 11+ with a NatWest International account.

Banking has never been so convenient with our simple mobile banking app.

Get cash without your debit card
Transfer money and make payments
Find your nearest branch or cash machine and more

App available to customers aged 11+ with compatible iOS and Android devices and a Channel Islands, Isle of Man, UK or international mobile number in specific countries .

Help with your Gold account

How has the coronavirus (covid-19) pandemic affected the gold travel insurance.

Working with our Travel Insurer provider Allianz we have made improvements to your travel insurance cover for claims arising from epidemic or pandemic diseases.

For more information on how coronavirus (COVID-19) affects your Gold account travel insurance, please review our frequently asked questions .

Who can I contact about a claim on the Gold travel insurance?

Policy Number: TRVNGOLD

Key information about your Gold travel insurance (PDF, 59 KB)

020 8763 3040 Call +44 (0) 20 8763 3040 from abroad

How do I get Concierge assistance?

Email Ten concierge: [email protected]

Call our Membership Services: +44 (0) 2392 676060

Lines open Monday to Friday 8am to 8pm, Saturday 9am to 5pm.

If you’re calling outside of these hours, please call 0207 479 3447 .

How do I make a claim on the Private Motor Excess Insurance or Car Rental Loss Damage Waiver Insurance?

Membership Services: 02392 676060 Monday to Friday 9:00am – 5:00pm

Ready to apply?

Before you apply, we've outlined the eligibility for the account below, along with our terms and conditions so you can make sure it's the right account for you.

You can apply for a Gold account if you are:

permanently resident in Jersey, Guernsey, Gibraltar or the Isle of Man, and;
applicants from Gibraltar must also be an existing customer.

Please review our important information about the account

Fee information document for Gold (PDF, 161 KB)
Current account interest rates (PDF, 54 KB)

Insurance product information for our Gold account

Insurance product information (PDF, 211 KB)
What you need to know about the insurance cover (PDF, 56 KB)
Key information about Gold travel insurance (PDF, 58 KB)
Private excess motor insurance & car rental loss damage waiver guide (PDF, 188 KB)
Travel insurance guide (PDF, 304 KB)

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Let's get started...

To speed up your application, we need to run through some quick questions with you. They'll only take a few minutes.

Start your application now

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

Get your online application started by clicking 'Start your application' below. The full name you put on this form must exactly match the one on the photo ID you'll use to apply.

After you’ve finished your online application you’ll receive an email or secure inbox message within 2 working days asking you to:

Complete our Customer Acceptance form, and;
Upload your identity documents digitally.

Once we have everything, we’ll open your account and send your new account details to you within 5 working days.

Great, you're ready to apply

The first step in your application will be completed online. If approved, we’ll send you an application pack in the post within 18-21 working days.

The pack will contain an application form that you should read, sign and return along with any documents we need to confirm your:

address & identity

Once we have everything, we’ll open your account and send your new account details to you.

Your application will be completed online. Make sure the full name you put on this form exactly matches the one on the photo ID you’ll use to apply. Once approved, we’ll send you an application pack in the post within 18-21 working days.

address & identity.

Applying for an account with us

We’re sorry – at this time we’re currently not opening accounts for new customers located in Gibraltar.

This account is currently only available to applicants located in Jersey, Guernsey, Isle of Man or Gibraltar.

Our International Personal Banking service is available to customers that meet our minimum age, residency, balance and/or deposit requirements.

Find out more about International Personal Banking

UK's Top Packaged Bank Accounts for Value, Ranked for 2024

Packaged bank accounts are current accounts bundled with additional services like insurance and breakdown cover provided at a price lower than subscribing to each service individually.

As most traditional banks, online banks and fintech providers offer packaged bank accounts, with different perks and benefits, there is an overwhelmingly large number of options to choose from.

Best Packaged Bank Accounts – Our Top Picks

The best packaged bank accounts reviewed.

To kick things off, let’s have a closer look at each of these options and see what makes them good enough to be a part of our recommendations list.

Best overall – Virgin Money Club M Account

Best range of features – Revolut Premium & Metal

Best for saving – Monzo Premium Account

Best for using abroad – Nationwide FlexPlus

Best for overdraft – Co-operative Everyday Extra

Best cashback and rewards program – NatWest Reward Platinum

Virgin Money Club M is our best overall pick, simply because it ticks all of our boxes for a good packaged bank account.

At £12.50, Club M is affordable and provides great insurance coverage, perfect for using it while you are abroad. It doesn’t have too many fees and has acceptable overdraft interest rates. In addition to this, the platform pays excellent interest rates on your savings.

The number of negative customer reviews on Virgin Money online can potentially be concerning, though the number of reviewers is too small to indicate a serious problem.

Excellent insurance coverage
2.02% AER saving interest rates
No fees when spending or withdrawing abroad
Arranged overdraft available
Interest paid for the first £1,000 only
Breakdown insurance only covers the UK
Concerning online reviews by customers
Low withdrawal limit

Far from your typical packaged bank account, Revolut is the wildcard in our selection. We included two different account tiers, Premium and Metal, both of which are cheaper than the remaining five on our list.

Besides providing budget flexibility, there are some unique features included in these plans, like the Revolut <18 kids’ bank account access, as well as crypto and precious metals trading capabilities.

Of course, the Revolut packaged accounts offer insurance and saving with interest rates features, but they are subpar compared to some of the competitors in our list. Opt for Revolut if you are looking for something different.

Free instant transfers to other Revolut users, globally
Access to multiple Revolut <18 accounts, for young people aged 6-17
No fees for currency exchange
Access to crypto and precious metal trading
Overdraft not available
No interest paid on balances
International card transfer and currency exchange fees
Cashback only available on Metal

Monzo’s take on packaged bank accounts is simply called Premium and comes at a monthly subscription price of £15.

Besides the standard insurance coverage included in most packaged plans, it offers a few unique features, like budgeting tools and free credit score updates, cash deposits, and rounding up to £1 when making payments and putting the change in a savings pot.

Monzo Premium will grow your savings up to £2,000 at a 1.5% AER which is undoubtedly better than what the competitors we reviewed are offering.

However, paying £4.75 extra for breakdown insurance might be frustrating to some.

Round up savings
Advanced budgeting features and monthly credit score updates
Five Free cash deposits per month
1.5% AER interest rates on savings up to £2,000
Users have to commit to a six-month subscription
Narrow age restrictions of travel insurance
Requires paying an extra £4.75 for breakdown coverage
Foreign currency fees are low, but there are free alternatives

For a competitive price of only £13 per month, Nationwide’s FlexPlus packaged account does many things right. Its insurance coverage is on par with the more expensive alternatives, it’s ideal for use abroad, and there aren’t many potential fees associated with it.

Where it falls short is the travel insurance age restrictions that limit the eligibility of users up to 70 years old. Additionally, the lack of savings features and rewards programs is slightly disappointing as well. Nationwide has a cashback promo at the time of writing, but it’s time-limited, while most competitors have a permanent way of giving back to the account holder.

For more flexibility while travelling, consider multicurrency accounts to time your conversions and make the exchange rates work for you . We also list the best US dollar and euro accounts for UK residents .

Great insurance coverage
No foreign currency fees
No fees for foreign purchases or withdrawals
Significant overdraft interest rate
Cashback is time-limited

A couple of things stand out when looking at the Co-operative Everyday Extra packaged bank account. It’s the only option on our list to have an overdraft interest rate lower than 39%, and users with joint bank accounts get insurance benefits for the price of one.

Additionally, its age eligibility requirements are quite lenient and, unlike most competitors, accept users up to 79 years of age. Unfortunately, the fees associated with foreign currency usage make it far from ideal for spending abroad, so it’s not the best option for travelling, even though it has one of the best insurance programs.

Overdraft fee capped at £60
Joint accounts get the benefits for two people for one monthly fee
Highest age limit on travel insurance
Too many foreign currency fees, not ideal for using abroad
Low ATM withdrawal limits
Earning cashback has requirements but is limited up to £2.20 per month

At £20 per month, NatWest’s Reward Platinum packaged bank account is the most expensive option on our list. Its users can choose to spend their monthly £5 to reduce their subscription fee to £15 or use it to get valuable discounts related to travel.

However, the rewards program is a separate benefit, and users are still able to get cashback on purchases at selected retailers.

Furthermore, NatWest Reward Platinum gives you access to the standard travel and mobile phone insurance included with most packaged bank accounts and provides you with fee-free spending abroad.

That being said, much more should be included for the hefty price of £20 per month, or at least a good interest rate on savings.

Up to £5 per month back in rewards
Discounts with selected retailers
No fees for spending abroad
Costlier than its competition
No interest paid on user’s balance
Too many additional charges for a £20/month service
Concerning customer reviews

How We Rate and Review The Best Packaged Bank Accounts

An abundance of packaged bank accounts is available out there, and picking the right option can be tricky, particularly because most of them offer similar benefits.

Obviously, no offer can be the clear winner, as preferences differ from one user to the next.

However, these are the primary six criteria we base our ratings on:

Regulation – We only consider packaged bank accounts offered by providers that are properly regulated by the appropriate authoritative bodies to ensure safety and fairness.

Insurance Programs – Insurance is a critical feature for packaged bank accounts and the policies included in the plans we reviewed have a large impact on their overall rating.

Spending Abroad – With travel insurance being one of the key features, it only makes sense that the affordability and convenience of spending abroad should be a factor.

Extra Features – Packaged accounts are premium bank accounts, so premium perks like saving incentives, interest rates, cashback, rewards programs, etc., are warranted.

Potential Fees – We dig deep and look for any potential charges users may incur with the plans, even fees that are not that likely to come up with normal use.

Subscription Fees – Most packaged plans are offered at a similar price range, but we want to make sure our recommendations give the best value for money.

In simple terms, we highlight the features we believe are the best in each packaged bank account and suggest what type of user they may be most appropriate for.

How Do Packaged Bank Accounts Work?

Packaged bank accounts are bundles offered by banks and fintech providers that comprise of current bank accounts and additional services not related to banking. Typically, packaged bank account plans include the following:

Travel insurance policies

Mobile phone insurance

Breakdown coverage

Access to airport lounges

Concierge services

The idea is to provide the user with multiple services at a smaller price than what they would pay if they subscribe to each service individually.

Furthermore, since the providers require account holders to pay a monthly fee to gain access to a packaged bank account, they usually throw a few premium benefits and perks in their deals to make them more attractive. Such benefits most commonly include:

Lower currency exchange rates

Minimal fees when spending abroad

Better interest rates on savings

Cashback programs

Rewards programs

Discounts at selected retailers

Access to other premium banking tools and features

The typical subscription fee for a packaged bank account is around £15. Depending on the perks and benefits included, it can be notably lower or higher.

For some consumers, packaged bank accounts may seem like an unnecessary expense, but for others, they are a bargain. Consumers who travel frequently and spend a long time away from home can definitely benefit from getting a packaged bank account.

Moreover, customers that want to ensure their cars or mobile phones can potentially get a better deal by upgrading their bank account to a bundle than buying insurance policies. Additionally, it’s far more convenient to manage one account for multiple services than juggle multiple accounts.

Finally, with the packaged bank account deal, these consumers would likely gain access to the premium banking perks we previously mentioned, which insurance companies simply cannot offer.

Features of Packaged Bank Accounts

Now that we know more about how packaged bank accounts work, we can dive deeper into their main features.

As one of the essential features of packaged bank accounts, the insurance options offered by providers vary from one bundle to the next which are listed below:

Travel Insurance – Typically covers medical expenses while travelling, the cost of lost, stolen, or damaged baggage, the cost of missed or delayed departure, as well as the cost of trip cancellation due to unforeseen circumstances.

Mobile Phone Insurance – Most commonly, mobile phone insurance applies globally and covers the costs of losing or having your phone stolen, as well as accidental damage or breakdown due to a mechanical or electrical fault.

Breakdown Cover – This usually involves roadside assistance, like changing flat tyres and jumpstarting your car on the road, vehicle recovery and towing service, as well as coverage for onward travel in case your vehicle can’t be immediately repaired.

In some packaged bank accounts, other insurance options like home emergency cover and even pet insurance may be included, but they are not that common, hence why they’re not a part of the deals we reviewed.

Spending Abroad

As packaged bank accounts are primarily targeted toward people who travel frequently, most of them try to reduce the fees traditionally associated with spending abroad.

Here is what you can expect to get by switching to a packaged bank account:

Making Payments Abroad – While most packaged bank account providers reduce the fee charged for making payments abroad to a minimum, the best of them such as Nationwide, NatWest, and Virgin Money, eliminate it completely.

Making Withdrawals Abroad – Withdrawing abroad is usually limited to a daily maximum, though great packaged bank accounts allow limits high enough to cover anyone’s day-to-day needs.

Currency Exchange Rates – The currency exchange rates with a packaged bank account are generally better than using a traditional current account. In addition, some providers like Revolut may not even charge you an additional fee for exchanging currencies, which is typically charged by other service providers.

For more options, we also list the best bank accounts for travelling .

Premium Perks

Packaged bank accounts offer all kinds of premium perks that allow consumers to get some of their spending back through cashback or other rewards programs and give them access to affordable deals.

Cashback Programs – In most cashback programs , consumers don’t get a percentage back of their entire spending, but rather, only for their eligible purchases at selected partner retailers. The cashback percentage is not fixed and varies from purchase to purchase. Finally, there is a maximum limit on how much they can get back per month.

Rewards Program – Similar to cashback, the reward programs also usually require spending at selected partner retailers to accumulate points, which can later be used to redeem rewards. In some cases, there are additional eligibility requirements that need to be met to qualify for the rewards program.

Discounts – You’ve guessed it, the discounts are typically available at selected partner retailers. These lower the price of a selected purchase at a specified percentage.

Other premium perks worth mentioning include airport lounge access, concierge services, discounted fine dining experiences, golf club membership, health and wellness services, etc.

Overdrawing With a Packaged Bank Account

Overdrawing is possible with most packaged bank accounts, and their typical overdraft interest rate is around 39%. Some providers, like the Co-operative bank, offer arranged and unarranged overdrafts with a slightly lower AER at 35.9%, while Virgin Money has an AER that varies between 19.90% and 39.90%, depending on the overdrawn amount.

In any case, overdrawing with a packaged bank account is not recommended. This is because the interest rates as well as the overdraft fees that some providers charge, are generally less favourable than some other types of bank accounts.

It’s advisable to consider better alternatives and only use overdrafts in case of emergencies. Always monitor your balance to make sure you don’t overdraw by accident.

If you have to use an overdraft as a last resort, make sure you completely understand the charges associated with it and stay within your overdraft limit to avoid incurring additional fees.

Interest Rates When Using Packaged Bank Accounts

Saving and earning through interest is far from a top priority in packaged bank accounts, and as a result, some providers don’t even include interest rates in their deals.

Some providers, like Monzo , offer 1.5% AER on savings up to £2,000, which is better than what other packaged bank account options are offering.

However, compared to other types of bank accounts , like savings accounts, these interest rates are considerably lower. That being said, savings accounts serve an entirely different purpose and come with different limitations and eligibility requirements.

If you are looking to earn some money through interest rates, we suggest you look for alternative solutions elsewhere, as packaged bank accounts aim to achieve something else.

Common Charges Associated With Packaged Bank Accounts

Packaged bank accounts undoubtedly provide plenty of benefits, but at what cost?

Monthly Subscription Fee

Every provider charges a monthly fee just to maintain your subscription with the packaged bank account and to give you access to the perks and features that come with it.

Depending on the provider and what the deal includes, the standard subscription cost for a packaged bank account in the UK is around £15. Some providers, like Revolut, and NatWest, might offer multiple options to suit more consumers with different budgets.

When comparing the prices of different packaged bank account deals, it’s important to remember that not every option provides the same benefits. While the more expensive options naturally offer more, not every consumer needs to have everything covered in their plan.

Foreign Transaction Fees

While most packaged accounts try to keep fees associated with using a foreign currency, spending, and withdrawing abroad to a minimum, you have to be aware of the details.

Some banks have daily maximum withdrawal limits abroad and only allow you to withdraw for free up to a certain amount. After exceeding the limit, you will likely incur charges. Moreover, using ATMs that don’t belong to your bank will likely result in an additional charge.

There are also currency exchange rates that vary from one financial institution to the other and the fees associated with it. Not all, but some banks charge a minimal fee every time they convert your currency.

Overall, it’s best to read the terms of use thoroughly before you start spending abroad to avoid getting surprised by an unexpected charge.

Other, Less Common Charges

You may never run into them, but it is good to be aware of the charges which are as follows:

Fees for CHAPS and SWIFT transfers

Fees for refusing payments due to lack of funds

Fees for receiving a large amount of money in a foreign currency from abroad

Fees for the creation, shipping, and delivery of a replacement card

Even though they are not that common, it’s in your best interest to know about the less common fees and charges as well, so consider reading up on them.

How to Choose the Best Packaged Bank Account

The most important thing you need to do when selecting the right packaged bank account is to focus entirely on your personal needs.

Financial institutions try to attract as many consumers as possible, so they throw a wide net and try to appeal to everyone. If you don’t need the extra perks, don’t get swayed by them.

Getting a bundle should be an affordable alternative to buying insurance policies separately. If you were not planning on spending money at the retailers the bank offers you discounts at, don’t let that perk impact your decision.

Research thoroughly, look for the benefits that will bring value to your money, and be mindful of the fees.

Is a packaged bank account worth it?

Packaged accounts come with policies that offer high-end benefits, which may not always be necessary for everyone. It's important to assess whether a standard policy would suffice for your needs before considering a packaged account.

If a packaged account can provide a cost-saving compared to paying for coverage separately, then it may be a viable option for you. However, if it doesn't offer any significant savings, it may be better to opt for a fee-free bank account and purchase the required coverage separately.

What are the disadvantages of a packaged account?

Most importantly, packaged bank accounts can be mis-sold, and some benefits included in these accounts may not be useful or applicable to your needs. It's also possible that you may already have access to some of the benefits through your job, which means paying for them again through a packaged bank account may not be worth it.

Be sure to carefully review the terms and conditions of any packaged bank account before signing up, to avoid unnecessary fees or unwanted benefits.

Does a packaged current account charge a monthly fee?

Yes, packaged accounts typically charge a monthly fee. The fee can vary depending on the account and the benefits offered, but it usually ranges from around £5 to £25 per month. In exchange for the monthly fee, packaged accounts provide additional benefits and features like travel insurance, mobile phone insurance, breakdown cover, and other perks.

Do packaged accounts have switching offers?

Some packaged accounts do offer switching deals. We scout the market and list the bank switching deals here — make sure to sign up for email notifications to never miss an offer.

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Natwest travel insurance: protecting you and your travels.

Travel insurance is necessary when you are planning a trip abroad. It provides you protection against unforeseen scenarios and losses you might suffer on a trip and give you the financial means to deal with it. If you are looking for reliable, comprehensive and affordable travel insurance, then NatWest Travel Insurance is a popular option. In this blog, we’ll cover what NatWest Travel Insurance, what coverages and policies it provides, and most importantly, if it’s the right travel insurance provider for you.

What is NatWest travel insurance?

NatWest Travel Insurance is a product offered by NatWest, a popular UK-based bank that offers a variety of financial services to customers. Like most leading travel insurance, NatWest travel insurance is designed to protect policyholders against unexpected events that might occur during a trip or a holiday.

Travel insurance by NatWest can be bought as a part of their packaged bank account. The company offers a range of covers, including single-trip, annual multi-trip, backpacker, and winter sports. Read on to find out about these covers in detail and how you can get NatWest travel insurance as a part of their packaged bank account.

Covers offered by NatWest travel insurance

NatWest offers a range of travel insurance covers to suit the diverse travel needs and budgets of its customers. Here are the main types of coverages that you can avail from NatWest:

NatWest Single-Trip Travel Insurance

NatWest’s Single-Trip Travel Insurance is for those who travel less and far in between. The policy covers a single trip, usually up to 90 days in duration. The policy covers medical expenses, cancellation, personal liability, baggage loss, and travel delays.

NatWest Annual Multi-Trip Insurance

NatWest’s Annual Multi-Trip Insurance is for those who frequently travel throughout the year. This is a cost-effective way of securing your travels, where you buy a collective plan instead of paying for each trip separately. This policy covers an unlimited number of trips during the year. Your trip duration can be up to 31-45 days at the maximum, depending on the policy you choose.

NatWest Backpacker Travel Insurance

If you are taking a gap year or want to travel for an extended period of time, then this cover will be the right choice for you. Whether you are taking a gap year or on a mission to travel around the world, NatWest will tailor the policy to your needs. The policy cover trips for up to 18 months, where you can avail protection against medical emergencies, trip cancellations and personal liability.

NatWest Winter Sports Travel Insurance

Winter sports like skiing and snowboarding are popular amongst travellers. They are not only exhilarating but also bring you one of a kind experience. If you are planning on participating in this excitement on your next trip, then NatWest’s Winter Sports Travel Insurance is meant for you. This policy offers you additional coverage for winter sports equipment, ski passes and piste closure.

NatWest Bank Accounts for travel insurance

NatWest offers three types of bank accounts: Silver, Platinum and black. Each of these accounts comes with travel insurance coverage as well as additional benefits such as mobile insurance, car breakdown coverage and airport lounge access. Find the details of the travel insurance cover under each account below.

1. NatWest Silver Travel Insurance

The NatWest Silver account comes with Silver travel insurance which provides cover for the usual, including cancellation or cutting off your trip earlier than planned and medical emergencies and treatment. For medical expenses, you can get up to £10 million in cover, and for cancellations and curtailment, you can get up to £5,000. You can also avail of additional benefits for an added cost like baggage loss or travel delay.

As we mentioned earlier, you can also get a mobile phone cover of up to £1,500 for repair or replacement. Another cover that the NatWest Silver account provides is the car breakdown cover that includes roadside assistance and recovery in the UK & Europe.

2. NatWest Platinum Travel Insurance

The NatWest Platinum account comes with Platinum travel insurance but with higher levels of coverage for medical expenses, cancellations and curtailments. The policy includes up to £10 million for medical expenses and £10,000 for cancellations. The policy also includes a cover of up to £2 million for personal liability and £50,000 for personal accidents.

Coming to mobile insurance, which covers loss, theft or accidental damage, you can avail of up to £2,000. Like the Silver account, you will receive car breakdown cover and additional lifestyle benefits like discounts on travel and entertainment.

3. NatWest Black Travel Insurance

The NatWest Black account comes with Black travel insurance with the highest levels of coverage for medical expenses, cancellations and curtailments. The policy includes up to £15 million for medical expenses and £20,000 for cancellations. As for the cover for personal liability and personal accidents, you will get up to £2 million and £100,000, respectively.

The mobile phone cover is also more in NatWest Black travel insurance, summing up to £2,500. As a standard, this policy, too, includes car breakdown cover along with other benefits like airport lounge access and discounts on travel and entertainment.

NatWest is a premium travel insurance provider that offers comprehensive policies and covers, leaving no stone unturned. The level of coverage and benefit you receive will depend on which cover you have invested in. Before you sign up for any of their covers, make sure to read the fine print carefully so that you are not blindsided. For more information on travel insurance, visit Tripcoloumn.

Do I need to register for travel insurance?

NatWest account owners don’t have to register for travel insurance as they are already covered. If you want to extend your cover to include pre-existing medical conditions, then connect with NatWest’s support team, as that might require some additional costings.

Do I need to inform NatWest about my travel plans?

No, you don’t have to inform NatWest about your travelling plans. If you have one of their bank accounts – Silver, Platinum, or Black, then you are already covered by your travel insurance.

How can I make a claim?

To make a claim for your NatWest travel insurance, you can log in to Membership Services and complete the online form. This is where you can manage all your account details. You can also call the NatWest support team for further assistance.

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London, United Kingdom
Thursday 11 April 2024 / 04:41

Allianz Partners Appointed by NatWest Group as Travel Insurance Provider

23.01.2024 11:30 am

Allianz Partners has been appointed by NatWest Group as a travel insurance provider to their packaged bank account customers. The partnership spans NatWest Group’s wider family of banking brands including NatWest, Royal Bank of Scotland, and Ulster Bank. Customers will have access to Allianz Partner’s travel insurance from February 2024.

The deal is a strategic partnership arising from Allianz Partners’ successful track record partnering with Coutts, RBS International, and Isle of Man Bank, all part of NatWest Group. Allianz Partners has worked with Coutts since 2018, providing travel peace of mind to its high-net-worth clients.

Marcus Latchford, Chief Sales and Distribution Officer, Allianz Partners UK, and Ireland, commented: “Our partnership with NatWest Group is thanks to the excellent foundation we have developed over the past five years working with Coutts and other parts of the business. We’re delighted that we can extend the partnership to cover the whole Group.” He continued: “Our digital innovation combined with the ‘human touch’ has enabled us to broaden our share of the UK travel insurance market and this collaboration exemplifies our customer focus and commitment to provide exceptional insurance products and services, embedded within our business partners’ products. We look forward to delivering peace of mind to NatWest Group’s customers.”

Barry Connolly, Managing Director of Every Day Banking NatWest Group, commented: "Travel insurance is one of the benefits that our packaged account customers tell us they value the most, and we're really pleased to be working with a global, long-standing trusted partner to enhance the experience customers have when taking the product and tracking their claims, giving them greater peace of mind."

Allianz Partners’ travel insurance for NatWest Group customers will be available from February 2024.

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Marella Cruises (formerly Thomson)

travel insurance through bank account query

By BABBY , June 7, 2022 in Marella Cruises (formerly Thomson)

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For many years I had travel insurance with my bank account that covered cruises in pretty much the same way as you describe. i had to make claims and they were speedily met. When i stopped cruising a few years ago I changed to a different account with the same bank which did not have travel insurance but had a cheaper annual price. Now I am cruising again i have bought single trip policies but will consider the bank option again. The bank was NW

I have travel insurance with my bank account (NatWest) and was told by my bank advisor that as it does not have covid cover nor specific cruise cover it was insufficient so I have taken another policy through the post office for less than £100 annual couples cover with covid and cruise even if the bank advisor is wrong for that kind of money and what is going on at the airports at the moment it simply wasn’t worth the stress to me

Marella are only worried about the medical and evacuation cover - which the bank policy provides. We have the Nationwide account with insurance which gives this cover and there is an option to add the extra cruise cover for things like Missed port and confined to cabin, but these are not required.

Travelled with it back in January, but they don't look for any documentation to check your policy.

If you have the Nationwide policy you can get a "Confirmation of Cover" letter online.

Jim The Scot

We also have insurance through Nationwide with our flex plus account and it comes with cruise cover(standard)but as you say it covers medical/evacuation/repatriation but not the likes of missed port,confined to cabin and the like..Options extras like that with Nationwide cost £40 I think

Cruised for years with Nationwide standard cruise cover

Get the impression TUI use of the word comprehensive is an attempt to push customers into taking the insurance they offer via AXA?

Thank you for your replies - yes we wasn't bothered re cover for missed port

So looking forward to going on a cruise again - just be glad to get the test over with

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Money blog: Italy wants Britons to come 'work from home' there for a year

Italy is allowing Britons who can work remotely to apply for a year-long "digital nomad" visa. Read this and the rest of today's consumer and personal finance news in the Money blog, and leave a comment or home gym hack in the form below.

Wednesday 10 April 2024 20:17, UK

Britons can now 'work from home' in Italy for a year
Rise in passport costs from tomorrow
Cheap Eats : Great British Menu legend shares ultimate toastie recipe
Could I build a home gym for less than my gym membership?
Masterchef judge to close restaurant
Santander offering free railcard to new young customers
Basically... Tax codes

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Athletics will become the first sport to introduce prize money at the Olympics this summer.

World Athletics, the international athletics federation, says it will pay Olympic gold medal winners $50,000 at the Paris games.

The athletics governing body said it is setting aside $2.4m (£1.89m) to pay the gold medallists across 48 events at Paris' track and field programme.

Read the full story here ...

The tweet below on the price of olive oil has gone viral - so we thought it was a good opportunity to resurface our feature from March that explains what's going on.

At the time, our spending calculator revealed the average price of a 500ml bottle of olive oil had risen from £3.54 in January 2021 to £7.45 now - an eyebrow-raising jump of 110.5%.

We spoke to experts about why - and here's what we learned...

Groves becomes graveyards

We start in Italy, where, according to a survey by the polling firm Istituto Piepoli , 45% of consumers have rediscovered seed oil in the kitchen, and the industry is facing an existential crisis.

Mike Carlucci, managing director of the Italian food importer Tenuta Marmorelle , says production in parts of Italy is becoming impossible due to a natural disaster that has nothing to do with the climate.

"The events of the past 10 years have made olive oil production in Puglia [which produces 40% of Italy's olive oil] almost impossible," he said. "This is due to the rising bacteria disease Xylella Fastidiosa."

The disease attacks and kills century-old olive trees, severely diminishing yields.

It spreads about 20km to 25km a year, Mike says, leaving a "graveyard of withered and barren trees which were once stunning beautiful olive groves".

Many producers have been forced to replace their trees with more resilient varieties but...

"Even if the new trees manage not to succumb to Xylella, it will be at least nine to 12 years before they produce a notable amount of oil," says Mike.

While prices are up across the continent, in the UK another factor is in play: Brexit.

"The cost of customs documentation leaving Europe and entering the UK is approximately £95 per shipment," says Mike.

"Transporters have all imposed a Brexit surcharge for extra admin duties performed by them in the importation of goods from Europe."

Pallets coming into the UK from the continent are now subject to more stringent fire resistance rules - meaning the cost of pallets has "tripled, even in some cases quadrupled".

'Never had a shortage like it'

Another issue, as has been widely reported, are the wildfires and droughts in southern Europe last year.

These weather events have lead people to extreme measures, according to Sarah Vachon, olive oil sommelier and founder of citizensofsoil.com .

"You can ask the elders in the villages in Greece and they've never had a shortage like this," she says.

"I see lots of producers selling their previous harvest's oils, since they're able to get a high price for it and might have held on to it over the year.

"This means the consumer is not getting fresh EVOO. And when it's not fresh, it not only loses its flavour, but it also loses a lot of the health benefits (namely antioxidants like polyphenols) which drop significantly over time."

On top of climate change, there's a flood of cheap sunflower oil coming from Ukraine - so while the price of olive oil is going up, the cost of alternatives are going down.

200 trees stolen overnight

The result is an industry in crisis - and organised criminals are taking advantage.

"Around half of the farmers I work with have a story to tell about thieves stealing their liquid gold," says Sarah.

"Sometimes it's the oil itself, or the olive fruit at the groves, or even an insane story from one of our producers about thieves coming in the night and uprooting 200 freshly planted trees."

Maria Dawson, managing director of the organic food seller Clearspring, says the industry is seeing "some of the lowest levels of olive oil production for five decades and unfortunately a shortage of supply".

The company has managed to secure a stable supply for the coming year, but Maria expects the market to remain uncertain - with no price reductions in the near future, even if 2025 brings better harvests.

Olive oil sommelier Sarah isn't hopeful, either.

"Olive oil is already facing record prices, and the way the climate is changing across the Mediterranean basin (which is warming 20% faster than the rest of the world), the shortages we've seen will likely continue."

Euan Blair's apprenticeship company Multiverse will use AI to pick prospective job applicants.

The son of the former prime minister Sir Tony Blair has bought talent intelligence platform Searchlight, whose artificial intelligence technology claims to identify candidates for job vacancies four times more effectively than traditional methods, for his firm.

It does this by removing the biases and assumptions that may affect decisions by managers and then shortlisting candidates.

According to Searchlight's website it reduces "unconscious bias" with "impartial AI algorithms designed to catch what the human eye may miss".

It also provides "rigorous analysis" of work experience and hard and soft skills.

Mr Blair said what often held companies back was "the gap between the transformation they want to see, and the skills that will unlock it".

"Searchlight's AI, platform, and exceptional talent will allow us to better diagnose the skills needed within companies and deliver impactful solutions," he said.

Multiverse was founded by Mr Blair in 2016 and has since grown across the UK and US.

It works with more than 1,500 companies, including Microsoft, Citi and Just Eat, and has trained more than 16,000 apprentices.

Premier League club Crystal Palace has come under fire after a bereaved fan was told he would need to pay extra to transfer his late father's season ticket to another member of his family.

Haris Armstrong said his sister, to whom the season ticket would be transferred, would've had to pay extra for the ticket - something the club later put down to poor communication.

"I was told that I actually would not be able to renew my dad's seat on the early bird offer and that as it was my sister's first ST, she would be charged at a higher rate," Mr Armstrong said in a post on X.

He was also told that loyalty points accrued by his father over many years were non-transferrable when he asked that they be given to his sister.

The Palace fan said there was "essentially no mechanism to transfer an ST upon someone's death. The surviving family get penalised and have to pay more money."

Mr Armstrong's post went viral and has been widely discussed by fellow fans online.

He accused the club of looking to "financially capitalise on someone's death".

Mr Armstrong labelled the handling of his request "careless, greedy and insensitive" and an "absolute disgrace".

After we reached out to the club, Crystal Palace spoke to Mr Armstrong, who issued a subsequent clarification.

He said he was told the "price issue was an admin/staffing error and apparently early bird tickets should always be offered when fans pass away".

Mr Armstrong also said he and the club discussed bereavement policy "so things like this don't happen again".

Crystal Palace told Sky News: "We are very sorry for the loss of Mr Armstrong's father and we send our condolences to his family.

"The club's policy in these circumstances is to allow the friend or family member who is part of a group to retain the seat for another friend or family member on the same terms if they want to keep it.

"Mr Armstrong's father did not take advantage of the early bird discount but paid in monthly instalments; however, if the family member taking the seat prefers to use the early bird discount, then we are happy for them to do so.

"We apologise if this was not communicated clearly.

"Regarding loyalty points, the policy has been [that] these do not transfer as they are linked to a named individual; however, in the light of these circumstances we will review this. In any event, supporters can buy an away season ticket to guarantee every game."

US inflation increased more than expected in March - in a blow for hopes of an imminent interest rate cut.

Americans paid more for gasoline and rental housing in the month, helping push consumer price rises to 3.5% - up from 3.2%.

It is a stark warning to other economies that the path back to the internationally recognised 2% target is not always smooth.

Financial markets now anticipate the Federal Reserve will delay cutting interest rates until September.

Profits at Tesco have reached £2.83bn - up more than £300m from a year earlier - as the UK's largest supermarket group said it had brought down prices.

More people are shopping at Tesco , due to improved product value and quality, the company said.

Profits topped £2.83bn last year, up from £2.5bn a year earlier, while the amount of money Tesco took in was also up.

For the last four months, one of the biggest talking points in the betting and gaming industry has been who will become the next chief executive of Entain, the FTSE-100 combine whose businesses include Ladbrokes, Coral, Gala Bingo, Bwin and BetMGM.

The post was vacated when, 11 days before Christmas, the former incumbent Jette Nygaard-Andersen unexpectedly resigned with immediate effect.

Since then, the job has been done on an interim basis by Stella David, former chief executive of William Grant & Sons, the Scotch whisky group behind brands such as The Balvenie and Glenfiddich - but the hunt remains ongoing for a permanent CEO.

One of the favourites for the role has now ruled himself out.

Richard Flint, who is well regarded in the industry after his successful stint as chief executive of Sky Betting and Gaming, set tongues wagging when he recently announced he was stepping down as a non-executive director of Flutter Entertainment, the new owner of SkyBet and parent of Paddy Power and Betfair.

However, Mr Flint has told Sky News he is not seeking another executive position.

Read business presenter Ian King's full story here ...

A British diamond manufacturer has had its adverts banned for not making clear its gems are synthetic.

The ads for Skydiamond had the headline: "Say hello to the world's first and only diamond made entirely from the sky."

In small text below, the company said it made diamonds using the four natural ingredients of the "sun, wind, rain" and "atmospheric carbon".

"Now that we can mine the sky, we never need to mine the earth again," it read.

Skydiamond also responded to a question on its FAQ page about whether they were real diamonds with: "Skydiamond is a perfectly formed real diamond."

The adverts sparked a complaint from the Natural Diamond Council, which believes the gems are lab-created, but the Sky Mining Company, which trades as Skydiamond, said they made clear they were not naturally occurring or mined from the earth.

The Advertising Standards Authority sided with the Natural Diamond Council.

"We considered that while some consumers may have been aware that synthetic diamonds could be manufactured or created in a laboratory, many would not," it said.

Application fees for new passports are rising tomorrow by about 7% - so get in quick if you need to renew yours.

It's the second year in a row that passport application prices have increased, following a 9% rise in February 2023.

Here is a breakdown of the price increases...

Adult - £88.50 , up from £82.50

Child - £57.50 , up from £53.50

Paper form

Adult - £100 , up from £93

Child - £69 , up from £64

Fast track (one-week service)

Adult - £166.50 , up from £155

Child - £135.50 , up from £126

Premium (same-day service)

Adult - £207.50 , up from £193.50.

It could be worth renewing now if you have less than 10 months left on your current passport.

Some countries - such as Turkey, Thailand, Egypt and Singapore - require you to have at least six months' validity on your passport.

If you're travelling within the EU, your passport...

Must have been issued less than 10 years before the day you enter the EU/Schengen Zone
Must be valid for at least three months after the day you plan to leave.

The cheapest way to renew is through the gov.uk website, and you can expect to get your passport within three weeks for standard applications.

Italy is allowing Britons who can work remotely to apply for a year-long "digital nomad" visa.

The scheme opened for applications for non-EU citizens at the end of last week - having been talked about for years.

Anyone wanting to take advantage needs to meet a few criteria, according to Italian law firm Studio Legale Metta - including:

A university or college degree (minimum three years) from an accredited institution, an accredited professional licence, or accredited superior professional experience.
At least six months in the industry in which they intend to work remotely.
A work contract and a salary of at least €28,000 (£24,000).
No specific immigration crimes within the past five years.
Evidence of a place to stay in Italy.
Health insurance. A private medical insurance usually costs between €350-700 a year.

The firm advises applying four to five months in advance.

Italy is trying to encourage growth amid an aging population.

A charity boss providing free haircuts for the homeless says it is helping people on the streets feel less "invisible".

Haircuts4Homeless, founded by Stewart Roberts, has 80 centres across the UK and has delivered 60,000 haircuts over the past decade.

Mr Roberts told Sky News' Breakfast with Kay Burley that some people have had "no communication with anyone" before getting their hair cut.

"Sometimes it's a quiet one, sometimes they just open up and... they tell you their stories," he said.

He said the situations charity staff hear of can be "really sad", but they also manage to have "amazing laughs" during the sessions.

Mr Roberts said he celebrated 18 years of sobriety yesterday and has struggled with drug problems in the past.

"I really relate to people and the struggles that they have," he said, though he noted it was a "misconception" that everyone on the streets was an alcoholic or a drug addict.

"But often it's the case that they will turn to that and you can't really blame them when they're in such bad positions," he said.

Asked how people can help, Mr Roberts said the charity is always looking for volunteers and sponsors as it "doesn't run itself".

"The main thing is, we're trying to humanise the face of homelessness. It's making sure that you spread our message out," he added.

The popular comedian has lamented increasing prices for performers wanting to take part in Edinburgh Festival Fringe.

Manford said prices, especially for accommodation, were an "absolute joke" and were fuelled by "pure greed".

"I've just priced up a week up there and even if every show sells out, I'm still operating at a loss," he wrote on social media site X.

The comedian said this was less of a problem for him "as it's part of a much bigger tour" and because of the "stage of my career" but he feared it would shut out new performers.

"No idea how anyone starting out is managing to get up there and showcase their talents!" he said.

Manford said if prices stay high then "the only people who can do it are people with money or backing".

A quick search on Booking.com puts the price of the hotel for the duration of the festival at about £4,000 upwards (looking at places with three stars or above) - although many are charging much more.

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Billionaire and Virgin Group founder, Richard Branson’s wealth has tumbled by more than half since 2021 to $3bn as SPAC problems gave him ‘a big jolt from the side through COVID’

Richard Branson is honored with star on the Hollywood Walk of Fame on October 16, 2018 in Hollywood, California.

Virgin Group founder Richard Branson had almost $2 billion tied up in global stock markets a year or so ago, largely from several cash-burning US companies listed through blank-check firms.

Steep slumps in those US stocks have since cut their collective value by as much as 95%, and now, with Nationwide Building Society’s announced all-cash takeover of Virgin Money UK Plc, the publicly traded component of Branson’s wealth will soon nearly vanish.

Overall, Branson’s sinking stock holdings have resulted in his net worth falling by roughly half since mid-2022 to about $3 billion, according to the Bloomberg Billionaires Index, underscoring how the post-pandemic economy is ravaging one of Britain’s biggest self-made fortunes. Outside his Virgin Money stake, which is worth roughly £413 million ($520 million) based on the terms of Nationwide’s offer, his disclosed publicly traded holdings total less than $75 million.

“It’s hard in these times when things go wrong,” said Claire Madden, managing partner of London-based private equity firm Connection Capital. Branson’s empire “had a big jolt from the side through Covid.”

Branson’s fading stock assets limit his options to inject cash into his sprawling empire as parts of it still struggle to recover from the pandemic, which forced the 73-year-old British billionaire to leverage his listed holdings to prop up closely held Virgin businesses.

Branson sold more than $1 billion of shares in 2020 and 2021 in Virgin Galactic Holdings Inc., his space-tourism company that merged months before the Covid-19 outbreak with a blank-check firm founded by Chamath Palihapitiya.

Those sales helped finance a £1.2 billion rescue package for airline Virgin Atlantic, a flagship business among the more than three-dozen companies in Branson’s closely held empire. Virgin Group also helped put £50 million last year into its namesake gym club chain to speed up its recovery from the pandemic.

A representative for London-based Virgin Group, which doesn’t report consolidated financials, declined to comment.

Branson’s fortune peaked at almost $8 billion in early 2021 as record-low interest rates fueled a pandemic bull market. Virgin Galactic’s stock climbed nearly 400% during the run up and eventually comprised almost half his total net worth.

Shares of the Las Cruces, New Mexico-based company have since slumped about 98% from their 2021 peak after grappling with in-flight issues and financial results that fell short of Wall Street expectations. Shares of other listed firms arising from Branson’s dealings with special purpose acquisition companies – or SPACs – have fared even worse.

Satellite-services firm Virgin Orbit Holdings Inc. fell into bankruptcy last year, less than 18 months after completing a merger with blank-check firm NextGen Acquisition Corp II. Shares of genetics-testing company 23andMe Holding Co. and e-commerce firm Grove Collaborative Holdings have also slumped more than 90% since merging with Virgin Group’s own SPACs as recently as 2022.

The De-SPAC Index, a basket of companies that completed their tie-ups, has fallen more than 20% this year as many firms struggle to become profitable amid higher financing costs. That compares with the nearly 10% rally in the S&P 500 Index.

After founding Virgin Money in 1995, Branson upped his bet in 2011 by leading a £747 million deal to buy UK lender Northern Rock from the British government following the bank’s collapse in the early stages of the global financial crisis.

Seven years later, Branson more than doubled his original £50 million investment when Clydesdale Bank agreed to acquire Virgin Money to form the UK’s sixth-largest lender in a £1.7 billion takeover. He retained a roughly 13% stake in the merged business.

“We were ready for a new challenge,” Branson said in a November blog post about starting Virgin Money. “It was a chance to change a stagnant industry.”

Mallorca Hotel

Nationwide and Virgin Money are now set to overtake NatWest Group Plc as Britain’s second-largest provider of home loans behind only Lloyds Banking Group Plc. The deal is expected to be completed in the fourth quarter.

Other Virgin Group assets are also propping up Branson’s fortune even as his SPAC bets drag it down.

His holding company owns a five-star hotel in Mallorca, where real estate prices have recently surged, while his airline has outlined plans for returning to profit this year. Virgin Group has also launched new divisions in the hotel and cruise-ship sectors, while its venture arm previously made early-stage investments in companies including Pinterest Inc., Block Inc. and Wise Plc.

Virgin Group’s licensing arm, meanwhile, is receiving more income than before the pandemic, giving it an estimated value of about $1 billion and making it Branson’s biggest individual asset, according to Bloomberg’s wealth index.

That unit is set to keep receiving income through Virgin Money for years after the Nationwide deal closes, underscoring how some of the his most conventional deals – not loss-making SPAC firms – are now powering his empire.

“You can only do those non-profit-generating sort of businesses to a certain extent,” Madden said. “It’s about making money at the end of the day.”

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The most we will pay for each insured person is: Emergency Medical Costs and Related Costs outside your home area: £10,000,000 overall limit. £1,000 for emergency dental treatment for emergency pain relief. £7,500 for costs of your funeral, cremation or returning your body or ashes to your home.
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NatWest, RBS and Ulster Bank to close at least 79 branches in 2024 - here's the full list, plus alternatives. Natwest, Royal Bank of Scotland (RBS) and Ulster Bank, which are all part of the Natwest Group, will shut at least 80 of their bank branches in 2024, after the Group announced a further 47 closures today.
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A private medical insurance usually costs between €350-700 a year. ... Santander is offering a free four-year railcard to new current account holders aged between 20 and 25. ... the bank will ...
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