Reward account

Limited time offer -
Switch online to us
and get £100

£2 monthly fee

Rewards are our way of giving you something back

With this account you can enjoy fee-free debit card purchases abroad this summer.

Plus get rewarded on 7 types of household bills paid by Direct Debit. Your Reward balance could grow quickly, they’re easy to earn and to exchange. This account can be opened as a joint account.

Switch online to us and get £100!

This offer is available to new and existing customers who switch their current account online.

Just use the Current Account Switch Service online to close your old current account held elsewhere and switch to us before 6 July. 

You’ll need to pay in at least £1,500 and log in to Digital Banking or our Mobile Banking app by 24 August. We’ll then pay the £100 by 5 October 2018. 

Product features…

Rewards

What are Rewards?

Rewards are our way of giving you something back. Get rewarded on 7 types of household bills paid by Direct Debit. Your Rewards balance can grow quickly, they’re easy to earn and they’re easy to exchange.

What are Rewards – in detail

When you open a Reward account, you’ll earn Rewards back on eligible household bills. You could earn £83 on average in Rewards a year. This figure is based on paying 7 types of eligible household bills of £345 a month and is before the Reward monthly account fee is paid. 5.00 Rewards = £5.00.

How do I earn Rewards?

You’ll earn 2% back on eligible household bills paid by Direct Debit and at least 1% at our partner retailers.

How do I earn Rewards – in detail

Earn 2% back in Rewards on eligible household bills

You’ll automatically earn Rewards on the following bills as long as you pay them by Direct Debit: Council Tax, gas, electricity, mobile, landline TV package and broadband.

Earn 1% back in Rewards at partner retailers

You can earn at least 1% at our partner retailers when you use your Royal Bank of Scotland debit card.

What you should know

Payments to billing organisations which are for other services such as maintenance, repairs or insurance will not earn Rewards.

How do I exchange Rewards?

It’s easy. Once your balance has grown to at least £5, we’ll give you a choice of what you can do with them. You can bank them, trade them or donate them to one of our chosen charities.

How do I exchange Rewards – in detail

Once you have opened your Reward Platinum bank account you can set up a MyRewards account. This is where your Rewards are automatically stored. It’s also where you go to check your personalised offers or your Rewards balance. 5.00 Rewards = £5.00. Once it’s the equivalent of £5 or more, you can choose any of the following:

Bank it

Convert your Rewards into money by simply transferring it into your Royal Bank of Scotland bank account. It takes 5 days to clear into your chosen account.

Trade up

Exchange your Rewards for gift cards or codes at our selected partner retailers.

Donate

Convert your Rewards into money and donate it to one of our chosen charities.

Other features...

Mobile Banking app

Our Mobile Banking app is secure, easy to use and lets you do loads of useful everyday banking tasks when you’re out and about. It’s available to Digital Banking customers with UK mobile number.

Mobile Banking app in detail

Log in with your fingerprint on selected Apple and Android devices– it’s simple, secure and fast.

Check your balance on the move – handy if you’re out shopping and want to know how much you can safely spend. You can also keep track of your Rewards balance.

Easily manage payments and Direct Debits – keep an eye on your direct debits and remind yourself what you could be earning Rewards on.

Get cash without your card – Ideal if you’ve left your card at home. 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 app.

More about our Mobile Banking app

Joint account

You can open this account as a joint bank account, so two people can manage the finances. It can be ideal if you need to make shared payments, e.g. household bills, rent etc.

Joint account in detail

When applying, make sure you have the ID details for both people who are looking to open the joint account.

Arranged Overdraft

To help you out with those unexpected bills that can pop up occasionally.

Arranged Overdraft in detail

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

You can arrange an overdraft with this bank account. We will only charge you interest and/or fees if you use your Arranged Overdraft. Subject to eligibility.

How much will I get?

It depends. We’ll look at your individual circumstances and decide on your overdraft limit. We’ll take into account age, earnings and credit rating.  Here's a representative example: if you get an Arranged Overdraft limit of £1,200 on your bank account and use all of it, you will be charged Arranged Overdraft interest at 19.89% EAR (variable) and a monthly usage fee of £6.

Visa debit card

Make purchases. Withdraw cash. Pay contactless.

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

Access your account wherever, whenever.

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

Text alerts, email alerts, manage Direct Debits and more.

Everyday support in detail

Our bank accounts are 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 neat 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 our Mobile Banking app. 

How to apply online

Have ID ready

We’ll need some details from you, such as your address history, monthly income and some ID.

Start your application

You can apply online right now if you are ready. Just use the section below to tell us about yourself.

How long will it take?

You should be able to complete the online application within an average lunch break.

I'm ready to apply

Great, thanks for choosing to bank with us. Are you a…

Good news - this account is eligible for the £100 switching offer!

By proceeding below you will apply for a new current account with us. 

To make sure that you are eligible for the £100 here's a reminder of a few key details:

During the application you must choose the option to close your old current account held elsewhere and switch into your new Royal Bank account.

You’ll need to pay in at least £1,500 and log in to Digital Banking or our Mobile Banking app by 24 August.

We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.

Switching Offer Terms and Conditions

And now for the important legal stuff...

To open this account you must meet these requirements

Aged 18+

A UK resident

To earn Rewards you need to log into Digital or Mobile Banking at least once every three months 

To earn Rewards on your household bills, you need to:

Log into Digital or Mobile Banking at least once every three months

Pay in £1,500 in total every calendar month to any personal current account(s) you have with us (as long as it’s not a Foundation, Basic or mortgage account).

Please note, the £1,500 can’t be transferred from another Royal Bank current account or savings account that you have with us.

If you are unable to meet the above criteria we may look to convert your Reward account to our Select bank account which has no monthly fee.

Not sure Rewards are for you?

View our everyday bank account with no monthly fee.

Important Information

Please take some time to review, print and/or save the important information. By clicking to proceed you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Are you ready to continue?

Thanks! Now we know a bit more about you, we can get started…

What would you like to do today?

As we already know you, this shouldn't take long at all

When you complete the application form below, you are requesting to change your existing Royal Bank account to a Reward account.

Please note, to receive the £100 cashback you must close your old current account held elsewhere and switch into an eligible Royal Bank account

It takes minutes to complete our online form to switch into your existing Royal Bank account

Switching Offer Terms and Conditions

And now for the important legal stuff...

To open this account you must meet these requirements

Aged 18+

A UK resident

To earn Rewards you need to log into Digital or Mobile Banking at least once every three months 

To earn Rewards on your household bills, you need to:

Log into Digital or Mobile Banking at least once every three months

Pay in £1,500 in total every calendar month to any personal current account(s) you have with us (as long as it’s not a Foundation, Basic or mortgage account).

Please note, the £1,500 can’t be transferred from another Royal Bank current account or savings account that you have with us.

If you are unable to meet the above criteria we may look to convert your Reward account to our Select bank account which has no monthly fee.

Not sure Rewards are for you?

View our everyday bank account with no monthly fee.

Important Information

Please take some time to review, print and/or save the important information. By clicking to proceed you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Are you ready to continue?

One last question…

Is the account you wish to change your sole account or a joint account?

Great! Now we know a bit more about you, we can get started…

Great! Now we know a bit more about you, we can get started…

Good news - this account is eligible for the £100 switching offer!

By proceeding below you will apply for a new current account with us. 

To make sure that you are eligible for the £100 here's a reminder of the a few key details:

During the application you must choose the option to close your old current account held elsewhere and switch into your new Royal Bank account.

You’ll need to pay in at least £1,500 and log in to Digital Banking or our Mobile Banking app by 24 August

We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.

If you already have a current account with us it only takes minutes to switch into your existing Royal Bank account

Switching Offer Terms and Conditions

And now for the important legal stuff...

To open this account you must meet these requirements

Aged 18+

A UK resident

To earn Rewards you need to log into Digital or Mobile Banking at least once every three months 

To earn Rewards on your household bills, you need to:

Log into Digital or Mobile Banking at least once every three months

Pay in £1,500 in total every calendar month to any personal current account(s) you have with us (as long as it’s not a Foundation, Basic or mortgage account).

Please note, the £1,500 can’t be transferred from another Royal Bank current account or savings account that you have with us.

If you are unable to meet the above criteria we may look to convert your Reward account to our Select bank account which has no monthly fee.

Not sure Rewards are for you?

View our everyday bank account with no monthly fee.

Important Information

Please take some time to review, print and/or save the important information. By clicking to proceed you are confirming that you have been provided with, and have acknowledged our important documents including the FSCS information sheet.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Are you ready to continue?

One last question…

Do you have Digital Banking?

Great! Now we know a bit more about you, we can get started…

Great! Now we know a bit more about you, we can get started…

Good news - this account is eligible for the £100 switching offer!

To make sure that you are eligible for the £100 here's a reminder of a few key details:

You must request that we close your old current account held elsewhere with another provider (savings accounts are excluded) and switch into your existing eligible Royal Bank account.

You’ll need to pay in at least £1,500 and log in to Digital Banking or our Mobile Banking app by 24 August

This offer is not open to existing customers who hold all their accounts with Royal Bank.

We’re sorry but if you’ve had cashback from NatWest between October 2017 and May 2018, you won’t get it again.

Switching Offer Terms and Conditions

Are you ready to continue?

Great! Now we can get started with your switching request…