NatWest International: The Royal Bank of Scotland International Limited, a Jersey bank

NatWest International is the trading name of The Royal Bank of Scotland International Limited, a bank headquartered in St Helier, Jersey, regulated by the Jersey Financial Services Commission. The same company operates in Guernsey (licensed by the Guernsey Financial Services Commission), the Isle of Man (licensed by the Isle of Man Financial Services Authority for deposit-taking) and Gibraltar (Gibraltar Financial Services Commission).

For its international offer, the bank states that all International Select accounts are held in Jersey and subject to Jersey law. It is a Jersey bank, not a branch of the UK bank NatWest.

The licence numbers with the four regulators were not recorded, and the ownership link to the NatWest group is not described on the pages reviewed.

International Select is open to people aged at least figure being updated who reside in an accepted country. The bank states that its international products are only available in certain countries and provides a country-of-residence checker, without publishing the list of accepted or refused countries. Residents of Jersey, Guernsey, the Isle of Man and Gibraltar are directed to the local offer.

A balance of at least from £25,000³ must be maintained with the bank. The application is made online, with a photograph of the identity document and a selfie taken on a phone; a passport and proof of address are required.

No nationality requirement, no rule on "US persons" and no provision on keeping the account after a move to a country that is not accepted appear on the pages reviewed.

International Select is a sterling current account with a debit card, charged £8¹ per month. A cash management account (Cash Management) allows several currencies to be held, including the euro and the US dollar, and fixed-term deposits are offered in sterling, US dollars and euros.

The pricing information document dated August 2024 provides for a fee of figure being updated of the amount on card transactions in currencies other than sterling. The bank does not charge for standard international payments, but correspondent banks may do so.

We have not verified that the August 2024 pricing information document is still the version in force.

As International Select accounts are held in Jersey, they fall under the Jersey Bank Depositors Compensation Scheme, which protects eligible depositors up to figure being updated; The Royal Bank of Scotland International Limited appears on the official list of participants. Accounts of local customers in Guernsey fall under the Guernsey scheme (figure being updated per depositor per bank), those in Gibraltar under the Gibraltar Deposit Guarantee Scheme, which according to the bank allows recovery of up to up to €100,000², and those in the Isle of Man under the Manx scheme.

The bank's terms still mention an overall multi-year cap for the Jersey scheme; the Government of Jersey states that it is being abolished on 1 April 2026.

The Gibraltar ceiling is the one cited by the bank and has not been verified on the Gibraltar scheme's website.

• Acceptance of the country of residence, using the bank's tool, before any application.
• The ability to maintain the minimum balance required to keep the relationship.
• The monthly fees and the fee on foreign-currency payments, which weigh on everyday use from abroad.
• The Jersey guarantee, which is lower than European guarantees, relative to the amounts deposited, and the reporting obligations of the country of residence.