RBS current accounts for August 2026

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

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Valentina Cipriani

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Jason Loewenthal

Reviewed by

Ruth Jackson-Kirby

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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, 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.

Compare RBS current accounts

11 of 11 results
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Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example
8.4Great
£0
No minimum funding requirement
0% AER
39.49% EAR variable (subject to status)
£200 offer when you switch to Royal Bank of Scotland. T&Cs apply. More info
You must be 18+ and a UK resident.
Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200 Subject to status. How does this overdraft compare? A good way to compare the cost of borrowing products is by using APR, which show the cost of borrowing over the year.
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Royal Bank of Scotland logo
8.7Great
Royal Bank of Scotland Reward
Cashback
8.7Great
£2 per month
£1250 per month
0% AER
39.49% EAR variable (subject to status)
£200 offer when you switch to Royal Bank of Scotland plus earn £5/month in Rewards: £4 for 2 direct debits of £2+and £1 for monthly app log in & earn 1% back in Rewards when you spend with selected partners. T&Cs apply. More info
You must be 18+ and a UK resident. You must pay in £1250 each month.
Representative Example: Effective Annual Rate 39.49% EAR (variable), Representative APR: 39.49% APR (variable) Assumed credit limit: £1200, Subject to status. How does this overdraft compare? A good way to compare the cost of borrowing products is using APR, which shows the cost of borrowing over the year.
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Royal Bank of Scotland logo
7.8Great
Royal Bank of Scotland Premier Select Account
7.8Great
£0
No minimum funding requirement
0% AER
0% EAR variable on the first £500 and then 34.49% EAR variable (subject to status)
You can apply for a Premier Select account if you are a UK resident, aged 18+ and have ONE of the following: at least £100k sole income or £120k joint income paid into a RBS account, or a minimum £100k savings or investments held with us, or a £500k+ mortgage borrowing with us.
Representative Example: Effective Annual Rate 0% EAR on arranged overdrafts up to £500, 34.49% EAR (variable) above £500. Representative 20.1% APR (variable). Assumed credit limit: £1200. How does this overdraft compare? Representative APRs help you compare the cost of different credit products. The monthly cap for unarranged overdraft charges for a Premier Select account is £18.80. For more information, please visit the Royal Bank of Scotland site.
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Royal Bank of Scotland logo
Not yet rated
Royal Bank of Scotland Student Account
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
Representative example: If you use an arranged overdraft of £1,200, you'll be charged.
More info
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Royal Bank of Scotland logo
Not yet rated
Royal Bank of Scotland Reward Platinum
Cashback
Not yet rated
£22 per month
No minimum funding requirement
0% AER
39.49% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.49% EAR variable. Account fee of £22 per month.
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Royal Bank of Scotland logo
Not yet rated
Royal Bank of Scotland Graduate Account
Not yet rated
£0
No minimum funding requirement
0% AER
0% EAR variable on the first £3,250 and then 39.49% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged.
More info
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Royal Bank of Scotland logo
Not yet rated
Royal Bank of Scotland Premier Reward Black
Cashback
Not yet rated
£36 per month
£1250 per month
0% AER
0% EAR variable on the first £500 and then 34.49% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £500 and then 34.49% EAR variable. Account fee of £36 per month.
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Royal Bank of Scotland logo
Not yet rated
Royal Bank of Scotland Reward Silver
Cashback
Not yet rated
£10 per month
No minimum funding requirement
0% AER
39.49% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.49% EAR variable. Account fee of £10 per month.
More info
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Royal Bank of Scotland logo
Not yet rated
Royal Bank of Scotland Foundation Account
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
More info
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Royal Bank of Scotland logo
5Standard
Royal Bank of Scotland Revolve
5Standard
£0
No minimum funding requirement
1.6% AER

More info
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Royal Bank of Scotland logo
8.9Great
Royal Bank of Scotland Premier Reward
Cashback
8.9Great
£2 per month
£1250 per month
0% AER
39.49% EAR variable (subject to status)
To apply for a Premier Reward account, you need to be aged 18+ UK resident and deposit £1250 every month to any RBS current account. Also, you must meet one of the following requirements have a minimum of £100k individual income or £120k joint income into a RBS account, or a minimum £100k savings or investments held with us, or a £500k+ mortgage borrowing with us.
Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200. How does this overdraft compare? Representative APRs help you compare the cost of different credit products. The monthly cap for unarranged overdraft charges for a Premier Reward account is £18.80. For more information, please visit the Royal Bank of Scotland site.
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Finder Score for bank accounts

To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.

Read the full methodology

Types of current accounts from RBS

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

      • Reward and incentive accounts

        You can choose from 3 different RBS rewards accounts: Reward, Reward Silver and Reward Platinum. You must be an existing RBS customer to get the Reward Silver or Reward Platinum account. All 3 accounts 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.
        Learn more about reward and incentive accounts

      • Everyday current accounts

        If you aren’t looking for bells and whistles then RBS’s everyday Select 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.

        RBS also offers a basic Foundation account – you may be offered this account if you aren’t eligible for any of RBS’s other accounts. Ukrainian refugees can apply for this account directly.
        Learn more about current accounts

      • Student 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 4-year tastecard. After you’ve graduated, your account becomes a graduate account.
        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.”

        – Ruth Jackson-Kirby, personal finance expert and journalist

      • Children’s accounts

        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

      • 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

Does RBS offer any promotions, discounts or refer-a-friend offers?

No, RBS doesn’t have any of these at the moment, but it does sometimes have switching deals. We have a page that shows other switching deals available, so when RBS does offer another one, you can read about it there.

Does RBS offer joint accounts?

Yes, 2 people can open a joint account together with RBS. You can apply online or in branch.

Does RBS offer premium/packaged or premier accounts?

Yes, RBS has a range of options, including its Premier Select, Premier Reward (£2 a month), Premier Reward Black (£36 a month), and Reward (£2 a month) accounts. You can compare them against the competition in our guide.

What do customers say about RBS?

90% of customers we surveyed in 2026 would recommend RBS to a friend.

It's seen as a solid, steady provider, particularly by its base of long-term, loyal customers. The digital offering is strong, with users praising the user interface and helpful features like round-ups for saving.

Customer service is generally viewed positively, though some feel the bank is somewhat basic and lacks the standout innovation of newer competitors. As with many high-street names, the shift towards digital-only interactions and the reduction of local branches is a notable point of friction.

AI-generated summary from the text of customer reviews on Finder.

Pros and cons of banking with RBS

      • Perks. Perks and rewards are kind of RBS’s 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 its current account balances. The exception is its Revolve account for teenagers.
      • Branch closures. RBS has announced it is closing branches across the country. If you need to be able to bank in-person check your nearby branch isn’t affected before opening a current account.

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.

Customer service information for RBS

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is Royal Bank of Scotland a good bank?

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, and you plan to use the mobile app and spend on the debit card, 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.

Frequently asked questions

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. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Sources

To make sure you get accurate and helpful information, this guide has been reviewed by Ruth Jackson-Kirby, a member of Finder's Editorial Review Board.
Valentina Cipriani's headshot
Writer

Valentina Cipriani was a writer at Finder UK. She wrote news, features and guides about banking and credit cards, helping people to improve their financial lives. She holds an MA in International Journalism. See full bio

Jason Loewenthal's headshot
Co-written by

Senior writer

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio

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