FacFlow is NatWest Group’s invoice discounting and asset-based lending product, operated by RBS Invoice Finance Limited (Company No. 00662221 – active, accounts filed to December 2025). FacFlow is available through both NatWest (England and Wales) and Royal Bank of Scotland (Scotland) brands, with a minimum turnover of £300,000 for invoice discounting and £6.5 million for asset-based lending. This is our independent review for 2026, including an important clarification on entity changes – Companies House dissolved NatWest Invoice Finance Limited in June 2024, but the operating company RBS Invoice Finance Limited remains fully active.
- Up to 90% advanced within 24 hours - NatWest’s confidential invoice discounting doesn’t need a NatWest current account, and you run the facility through the FacFlow online portal.
- £300,000 minimum turnover - below Close Brothers’ £750,000 minimum for invoice discounting, while FacFlow’s asset-based lending option starts at £6.5 million turnover.
- FacFlow is unaffected by the June 2024 dissolution - NatWest Invoice Finance Limited was a non-trading shell; RBS Invoice Finance Limited, the company that runs FacFlow, is still active.
- FacFlow has no Trustpilot profile of its own - NatWest’s 8,500+ reviews are mostly personal banking, so there is no FacFlow score to quote.
NatWest FacFlow Review: Key Facts
FacFlow (RBS Invoice Finance Limited) offers invoice discounting – a confidential facility where businesses upload invoices and draw funds against the ledger balance via a digital portal. Advance rate is up to 90%. Minimum turnover is £300,000 for invoice discounting; £6.5 million for asset-based lending (ABL). The product is available to both NatWest and Royal Bank of Scotland business banking customers, as well as businesses without an existing NatWest/RBS account. NatWest does not publish its fees. Invoice finance is not a regulated credit product, so the FCA does not regulate the facility itself; the parent bank, National Westminster Bank Plc (FRN 121878), is authorised by the PRA and regulated by the FCA and PRA.
| Factor | Detail |
|---|---|
| Operating company | RBS Invoice Finance Limited (Co No. 00662221 – active) |
| Parent group | NatWest Group plc |
| Brands | NatWest (England/Wales), Royal Bank of Scotland (Scotland) |
| FCA FRN | 121878 (National Westminster Bank Plc – parent bank entity) |
| Product name | FacFlow |
| Min. turnover (discounting) | £300,000 |
| Min. turnover (ABL) | £6,500,000 |
| Advance rate | Up to 90% |
| Trustpilot (NatWest) | No FacFlow profile; NatWest's covers the whole bank |
FacFlow Products
FacFlow offers two core products:
- Invoice Discounting – a confidential facility allowing businesses to draw funds against their sales ledger via the FacFlow digital portal; your customers are unaware of NatWest’s involvement and pay you directly.
- Asset Based Lending (ABL) – a multi-asset facility for larger businesses (£6.5 million+ turnover) combining invoice discounting with borrowing against stock, plant and machinery, property, or other business assets. NatWest pitches ABL at businesses with high growth, organic or through acquisitions, where the combined asset base supports a larger facility than invoices alone.
The FacFlow portal is the primary interface for managing your facility. It allows you to upload invoices, request drawdowns, monitor your ledger balance, and view funding status – all online without needing to contact a relationship manager for routine transactions. NatWest also offers a paperless service through FacFlow, so all communication and information about your account can arrive digitally.
For businesses with international receivables, FacFlow supports multi-currency funding – you can draw against invoices denominated in foreign currencies. This is particularly useful for exporters who invoice in euros or dollars but need sterling working capital.
NatWest Invoice Finance Entity Clarification
An important clarification for 2026: Companies House dissolved NatWest Invoice Finance Limited (Company No. 04199792) on 11 June 2024 – but this was a non-trading shell entity, not the operating business. The operating company, RBS Invoice Finance Limited (Company No. 00662221), remains fully active with accounts filed to December 2025. The FacFlow product is unchanged. The parent group renamed from The Royal Bank of Scotland Group plc to NatWest Group plc on 22 July 2020, but the invoice finance subsidiary kept its RBS Invoice Finance Limited name. Both the NatWest and RBS-branded interfaces lead to the same underlying facility provider.
If you search for NatWest invoice finance on Companies House, you will find two entries: the dissolved NatWest Invoice Finance Limited and the active RBS Invoice Finance Limited. That makes it easy to conclude NatWest has left invoice finance. It hasn’t: FacFlow continues under RBS Invoice Finance Limited, which Companies House lists as active and which was incorporated in June 1960. For alternatives, see our Close Brothers Invoice Finance Review.
Is NatWest FacFlow Right for Your Business?
NatWest FacFlow best suits established UK businesses with £300,000+ annual turnover that want confidential invoice discounting from a major bank group. You don’t need to bank with NatWest or Royal Bank of Scotland to apply. The £300,000 minimum is lower than Close Brothers’ £750,000, and the FacFlow portal lets you run routine drawdowns yourself.
It is not aimed at startups: NatWest asks for established credit control, robust in-house ledger systems and your debtor book as security. It also won’t suit businesses that want invoice factoring, because FacFlow is discounting-only and you keep credit control. NatWest’s Trustpilot profile reflects retail banking, so it says nothing reliable about the B2B FacFlow product.
FacFlow Fees and Rates
NatWest does not publicly disclose FacFlow pricing; its pages say only that product fees may apply. Invoice discounting fees have two parts: a discount charge, which is interest on the money you draw, set as a margin over Bank of England base rate, and a service charge worked out as a percentage of annual turnover. Across the market, confidential invoice discounting typically costs 1.5–3% over base rate, plus a service charge of 0.2–0.5% of turnover. Providers negotiate these figures rather than publish them, so ask NatWest for its own numbers in writing.
What NatWest does publish is the entry bar. To apply for invoice discounting you need turnover of over £300,000, established credit control and robust in-house ledger systems, and you must be happy to use your debtor book as security. Every application is subject to status, so expect credit checks before NatWest sets up a facility.
Pros and Cons
Our Verdict
RBS FacFlow suits established businesses turning over more than £300,000 that want confidential invoice discounting from a major bank group. NatWest advances up to 90% of invoice value, which it says can arrive within 24 hours, and you don't need to bank with NatWest to apply. It offers discounting and asset-based lending, not factoring, so you keep control of credit collection. NatWest publishes no fees, so get the full charges in writing before you sign.
