Our current account is just a plain and simple account for day-to-day use. So long as you remain in credit, or within an overdraft limit that we’ve agreed, we won’t charge you a fee.
6 reasons to switch your current account to N&P
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24 hour online access to your account
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Free £500 overdraft for the first six months*
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Free everyday banking whilst your account remains in credit
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Expert help when moving your account to N&P with a £50 guarantee to do it within 10 days*
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Some of the lowest overdraft rates around
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Over 35,000 free-to-use cash machines
See all Features & Benefits
£500 Overdraft
Switch to the Gold Current Account and we’ll immediately give you a £500 interest-free overdraft facility for six months*. This is so that you won’t incur any unnecessary charges while you’re switching your standing orders and direct debits from your old bank. The £500 interest-free overdraft is normally available as soon as your account is opened and is subject to status. If you want to keep your overdraft beyond the six months, there are charges.
Hassle free switching
Setting up direct debits and standing orders on your Gold Account should take us no more than ten working days (from when your request is received by our dedicated Account Transfer Team). If for any reason we aren’t able to do this and you notify us, we guarantee to pay £50 into your account to compensate you for any inconvenience. The £50 guarantee does not apply if it is the originator or your existing bank that’s not acted on our instruction.
Low overdraft rates
Once your account is up and running, you’ll find that we offer one of the lowest interest rates around on agreed overdrafts.
You choose
You can operate your account in your local N&P branch, by post, online or over the phone with our Peterborough contact centre - whichever way works best for you.
Joint accounts
If you open a joint current account, both you and the other account holder will enjoy equal access and be able to carry out any of the usual account transactions.
Debit card
You can use the N&P debit card to withdraw cash from over 35,000 LINK cash machines across the UK, and in any machine anywhere in the world that displays a VISA/PLUS symbol. You can also use it to purchase goods at shops or outlets which display the VISA/PLUS symbol, and to guarantee cheques up to £100.
The Small Print
Overdraft Charges
0% interest for the first 6 months then
11.74% EAR** typical variable, which is equivalent to the annual rate of interest you would pay, as long as you pay in at least £1,500 on average a month. If you go overdrawn without agreement then you would be charged at
24.9% EAR** typical variable.
* Subject to status.
** EAR stands for Equivalent Annual Rate and does not take into account any additional charges (e.g. arrangement fees/security charges/monthly fees) which may be applicable.