Overview of the NatWest foreign currency account

A NatWest foreign currency account is an account that allows you to hold, manage, and transfer money in different currencies. NatWest offers two types of foreign currency accounts: the Cash Management Account and the International Select Account.

The Cash Management Account is an instant-access savings account that lets you hold up to 25 currencies, including USD, GBP, and EUR. You can make foreign currency transactions online and earn interest on your money. You need a minimum deposit of £25,000 or a salary of £40,000 a year to open this account.

The International Select Account is a current account that works with the Cash Management Account and offers more features. You can move up to £100,000 a day between accounts, lock and unlock your debit card, and use online and mobile banking services. You need to pay a monthly fee of £20 for this account.

Both accounts are designed for expats and are available for residents of the UK and other countries, such as the US, Canada, Hong Kong, South Africa, and some European countries. You need to be 16 or over for the Cash Management Account and 18 or over for the International Select Account. You also need to provide proof of identity and address to open an account.

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