Royal Bank of Scotland

RBS current accounts for March 2023

Earn cashback on your bills and access a wide range of perks with RBS current accounts.

4.2 ★★★★★ (32 reviews) Write a review
Finder rating
★★★★★
Expert analysis
Customer rating
★★★★★
Satisfaction survey
Good range of account and app features
No saving pots or round-up spare change option

RBS’ current accounts come with all the solid benefits of a big bank, such as safety, a wide range of options you can choose among, enticing rewards and the opportunity to talk things through in person at one of the branches.

The rewards come in return for a monthly fee, but if you’re the person who pays the bills in your household, they can still make a pretty good deal. Like other large banks, RBS regularly offers payments usually between £125-£150 to customers who move their current account over to the bank.

Compare RBS current accounts

1 - 8 of 8
Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
OFFER
Select Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable
Switch your current account to Royal Bank and you could earn £200 within 7 days of meeting eligibility criteria. T&Cs Apply.
Current account switch service guarantee badge
Use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank. Apply online or via the Royal Bank app only. Pay in at least £1,250 and log in to the Royal Bank app within 60 days of account opening. Royal Bank will pay £200 into your Royal Bank current account within 7 days of meeting these criteria. If you've previously received a switching incentive from NatWest Group, you aren't eligible. You can only receive this offer once. 18+ and UK resident. Offer T&Cs, account eligibility and app criteria apply. Offer may be withdrawn or amended at any time.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
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OFFER
Reward
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable
Switch your current account to Royal Bank and you could enjoy £200 plus monthly rewards of up to £5 if you choose a Reward account for just £2 a month. T&Cs apply.
Current account switch service guarantee badge
Use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank. Apply online or via the Royal Bank app only. Pay in at least £1,250 and log in to the Royal Bank app within 60 days of account opening. Royal Bank will pay £200 into your Royal Bank current account within 7 days of meeting these criteria. If you've previously received a switching incentive from NatWest Group, you aren't eligible. You can only receive this offer once. 18+ and UK resident. Offer T&Cs, account eligibility and app criteria apply. Offer may be withdrawn or amended at any time. Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable. Account fee of £2 per month.
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Premier Select
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
19.49% EAR variable
Expert help online or on phone, one-to-one support when you need it.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 19.49% EAR variable.
View details
Foundation
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Current account switch service guarantee badge
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OFFER
Premier Reward
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable
Earn Rewards that you can redeem as cash back, gift cards or e-codes with retail partners.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable. Account fee of £2 per month.
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Student Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Receive £50 paid to your account within 10 days from opening a new or converting an existing account, a Tastecard, valid for 4 years giving 50% off food or 2 for 1 meals, plus offers on entertainment and shopping.
Current account switch service guarantee badge
To receive £80 in cash and a free tastecard you will need to apply online, register for mobile or digital banking and choose to receive paperless statements within 30 days of opening your account. Offer ends 31/10/22, T&Cs apply. Overdraft subject to approval. To apply for an overdraft (subject to approval) you need to be 18+. You can apply if you are aged 17+ and are a UK Resident.
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Graduate
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
View details
Revolve
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
2.02% AER

Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking.
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Types of current accounts from RBS

RBS has a full range of current accounts and a particularly extensive offer when it comes to rewards.

  • Reward and incentive accounts

    You can choose among three different RBS rewards accounts that offer cashback on your bills and other perks in return for a monthly fee. Compare reward accounts on our dedicated page if you’d rather go for a fee-free account instead.
    Learn more about reward and incentive accounts

  • Student accounts

    Student accounts usually come with great perks, so it’s always a good idea to compare them and make sure you get what you like best. RBS’ student account benefits include a conspicuous overdraft feature and the option to choose between an Amazon Prime membership, a National Express coachcard or a tastecard with discounts on your meals.
    Learn more about student accounts

  • Children’s accounts

    Your children can get an RBS account when they’re as young as 11 – it will help them get an early start at managing their money and also give them a nice little interest rate on their pocket money.
    Learn more about children’s accounts

  • Business accounts

    Whether you’re a start-up or a more established business, RBS offers a range of different accounts to suit different business needs. Choose from a start-up business account that offers no transaction fees for a set time, a straightforward bank account for businesses that have been trading for over a year, and a community account for not-for-profit organisations such as charities and clubs.
    Learn more about business accounts

RBS customer reviews

RBS was ranked seventeenth out of 18 current account providers in our independent 2023 customer satisfaction survey. Its users gave the brand 4 out of 5 stars and 74% said they’d recommend the current account service. Customers highlighted the bank’s helpful branch staff and its online banking facilities but complained that it had closed down many of its local branched. Here’s what some of those RBS customers had to say in our survey:

“My local branch has staff who have personal knowledge of my needs.”

They are very good at fraud follow up but we now have no local branch.”

“Their web interface is good.”

On the Google Play Store, the RBS mobile app scores 4.6 out of 5 stars, based on 61,100 user reviews. On the Apple App store, the app scores 4.5 out of 5 stars, based on 20,000 reviews (last updated, February 2023).

Pros and cons of banking with RBS

  • Perks. Perks and rewards are kind of RBS’ specialty – available options include cashback on your bills, travel insurance, mobile phone insurance and car insurance (breakdown cover).
  • Multiple ways to bank. Whether you’d rather do it all online and never visit a branch in your life, or manage your finances in person or on the phone, RBS has got you covered.
  • Mobile banking app. RBS has a clean app that allows you to see all your accounts in one place, including the ones you have with other banks. The app also puts your spending into different categories, helping you to budget.
  • Global acceptance. If you bank with RBS you’ll get either a Visa or a Mastercard, so you really don’t have to worry about card acceptance, no matter where you are in the world.
  • Round the clock assistance. If you lose your card, or if it’s stolen, you can call RBS 24/7 to get assistance.
  • No interest paid on account balances. While RBS can offers some decent perks, unfortunately it doesn’t usually pay interest on account balances.

Opening an account with RBS

To open an account with RBS, you’ll have to provide the following information:

  • Your personal details and address history.
  • How much you expect to pay in each month.
  • Your salary details and any assets you have.
  • Your nationality/citizenship.
  • Proof of identity (passport, driving licence, EEA or Swiss national identity card).
  • Proof of address (utility bill, bank statement).

You can open an RBS account online or by visiting a branch.

Our verdict

RBS doesn’t include interest with its current accounts, but it does offer more unique rewards, such as cashback on bills. Take a closer look at the rewards that are available. Maybe they will be more beneficial than more traditional benefits.

Frequently asked questions

Banking ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

The customer satisfaction score ("Customers say") is based on a survey of 2,944 customers carried out in December 2022.

Learn the details of our methodology and scoring.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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