Graduate bank account
An account for those who are starting out after graduation
No monthly fee
About to enter the world of work?
Our Graduate bank account can help. It offers discounts on eating out with tastecard® and the opportunity to apply for an interest-free overdraft of up to £2,000 for your first year.
To apply, you must be a UK resident and either graduated from a full-time course or higher education (lasting 2 years or more) within the last 3 years, completed training as a nurse or previously held a Royal Bank of Scotland Student bank account.
Arranged Overdraft - in detail
What is it?
An Arranged Overdraft is a short-term way to borrow and can be a really useful way to pay for unexpected bills. An Arranged Overdraft means we’ve approved extra funds for you, which are available on your current account.
What you should know
As this is a Graduate bank account, it’s interest-free if you stay within the Arranged Overdraft limit. You can apply for an Arranged Overdraft within the Graduate account application form, or at a later date by visiting Overdrafts.
How much will I get?
In your first year: you won’t pay interest on arranged balances up to £2,000.
In your second year: the amount of overdraft that is interest-free will reduce, so you will start paying interest on any amount borrowed over the 'interest-free amount'. Subject to eligibility. To apply you must be 18+.
Tastecard – in detail
Some restaurants may exclude tastecard use on Friday or Saturday evenings, Mother’s Day, Father’s Day, Valentine’s Day, the whole of December and potentially other “event” type days.
Where restaurants offer 50% off they may limit the number of people; where restaurants offer 2 for 1 this does not include side dishes or extras.
Some restaurants require you to book prior to arriving.
Mobile Banking app
Mobile Banking app - in detail
Log in with your fingerprint on selected Apple and Android devices– it’s simple, secure and fast.
Easily manage your payments and Direct Debits – keep an eye on your Direct Debits and pay bills.
Set up a text alert – get a notification if you’re going to slip into your overdraft.
Get cash without your card – left home without your purse or wallet? No problem. Simply go to any Royal Bank of Scotland or Tesco cash machine and follow the steps in the app. You can withdraw up to £130 every 24 hours.
That’s only half the story. Find out what else you can do with our mobile app.
Visa debit card
Visa debit card - in detail
Use your Visa Debit card to pay for purchases in shops and online, travel, meals out, coffees etc.
What is contactless?
Want to pay quickly and securely for amounts of less than £30? Just look for the contactless symbol, then touch your card against the reader. Simple as that! You can also pay contactless by using Apple Pay or Android Pay.
24/7 banking - in detail
Because we all lead busy lives, we've made it easy for you to access your account whenever it suits you, through our Digital Banking or our Mobile Banking app. Alternatively call one of our UK call centres, available 24 hours a day.
Everyday support in detail
Our Graduate bank account is designed to help you with your day to day banking needs. You can set up text alerts and manage Direct Debits as a convenient way to pay household bills or memberships to gyms etc.
What are text alerts?
Text alerts are a really handy way of keeping tabs on your money. You can get a text alert to let you know when your balance is about to go below a certain limit, or to let you know what your balance is at a specific time. You can set them up when you fill in the online application form or in the Royal Bank of Scotland Mobile Banking app.