RBS current accounts for July 2024
Earn cashback on your bills and access a wide range of perks with RBS current accounts.
![Royal Bank of Scotland Royal Bank of Scotland](https://www.finder.com/niche-builder/64186d20dec8e.png)
As one of the big high street banks Royal Bank of Scotland (RBS) has plenty to offer its current account customers. As well as branches across the country and excellent customer reviews there are also current accounts paying you cashback and good deals for students and teenagers looking for their first accounts too.
Like other large banks, RBS regularly offers switching bonuses of around £125-£150 to customers who move their current account over to the bank.
RBS has a good range of current accounts and a particularly extensive offer when it comes to rewards.
You can choose from three different RBS rewards accounts: Reward, Reward Silver and Reward Platinum. They all offer cashback and a monthly cash reward. Then, depending on how much you are willing to pay in fees, you can get extras including travel insurance and breakdown cover. 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
If you aren’t looking for bells and whistles then RBS’s Everyday account is fee free and comes with a contactless debit card, Apple Pay, Google Pay and a mobile banking app. You can also apply for an arranged overdraft.
Learn more about current accounts
RBS’s student account comes with perks including an interest-free overdraft. RBS also regularly offers sign up incentives on its student account such as a free four-year tastecard.
Learn more about student accounts
When comparing student accounts don’t get distracted by the freebies on offer. For most students the important feature will be the interest-free overdraft. Royal Bank of Scotland offers a generous interest-free overdraft, compare that with other banks first. Then consider the perks of the account.”
RBS offers two different children’s accounts. The Rooster Money account is available for 3 to 17 year olds and includes a parent-managed pocket money app. You can set allowances and track your child’s spending and saving in the app. Then there is the Revolve account for 11 to 17 year olds. This comes with a contactless debit card and, once the child turns 13, Apple Pay and Google Pay. This account also pays your child interest on their pocket money.
Learn more about children’s 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
In our independent 2024 customer satisfaction survey, 91% of RBS’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s seamless online banking and noted its helpful “human” customer service team. Here’s what some of those RBS customers had to say:
“I have banked with this brand for 20+ years and never had any issues. They take the time to explain new products and I don’t feel pushed into accepting them.”
“The app does everything you could possibly need it to. Even depositing cheques. Everything can be done in one place, including checking your credit score and viewing all of your accounts in one place. Great security too!”
On the Apple App Store, RBS is rated 4.8 out of 5 stars from almost 107,000 reviews. On the Google Play Store, RBS is rated 4.3 out of 5 stars, from 81,700 reviews (February 2024).
To open an account with RBS, you’ll have to provide the following information:
You can open an RBS account online or by visiting a branch.
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RBS doesn’t include interest with most of its current accounts, but it does offer more unique rewards, such as cashback on bills. Whether this makes sense for you will depend on how you use your account. If your current account has a relatively low balance day-to-day but multiple direct debits, you’ll use the mobile app and spend on the debit card then the rewards may be worth more to you than interest. But, if you regularly maintain a large balance then a current account that pays interest may be a better option.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
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