RBS current accounts for May 2021

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

Royal Bank of Scotland
We say
★★★★★
Finder expert rating
You say
★★★★★
Customer satisfaction
Not a lot to shout about here
Customer service and mobile experience are lacking
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.

Compare RBS current accounts

Name Product Interest (AER) Arranged overdraft Key benefits Link Representative example
Royal Bank of Scotland
0%
39.49% EAR variable
Check your credit score for free
View details
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.
Reward
Royal Bank of Scotland
0%
39.49% EAR variable
Earn 4 Rewards per month by making at a minimum of 2 direct debit payments of at least £2 each
View details
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.
Premier Select
Royal Bank of Scotland
0%
19.49% EAR variable
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
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.
Foundation
Royal Bank of Scotland
0%
N/A
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
View details
Current account switch service guarantee badge
Student
Royal Bank of Scotland
0%
N/A
Choose 1 of the following offers - Amazon Prime Student, 1 year free membership and £10 Amazon.co.uk gift card or National Express Coachcard, valid for 4 years giving 1/3 off fares plus 15% off travel to events and festivals or tastecard, valid for 4 years giving 50% off food or 2 for 1 meals plus savings on entertainment.
View details
Current account switch service guarantee badge
Premier Reward
Royal Bank of Scotland
0%
39.49% EAR variable
Earn 9 Rewards per month by making at a minimum of 2 direct debit payments of at least £4.50 each
View details
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.
Graduate
Royal Bank of Scotland
0%
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.
View details
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.
Student - International Student
Royal Bank of Scotland
0%
N/A
Choose 1 of the following offers - Amazon Prime Student, 1 year free membership and £10 Amazon.co.uk gift card or National Express Coachcard, valid for 4 years giving 1/3 off fares plus 15% off travel to events and festivals or tastecard, valid for 4 years giving 50% off food or 2 for 1 meals plus savings on entertainment.
View details
Current account switch service guarantee badge Account fee of £10 per month.
Revolve
Royal Bank of Scotland
0.55%
N/A
N/A
View details
loading

Compare up to 4 providers

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

The benefits 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.
  • 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.

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.

Why should I compare current accounts anyway?

In one way or the other, you use your current account every day, often multiple times a day. When you buy your morning coffee, when you plan a holiday, when you pay the rent, when it’s finally payday… the list is endless. It’s a basic financial product, but it’s a very important one, so you should really find something that’s tailored to your needs.

Also, competition between banks is quite harsh these days, because current accounts are the most basic way they acquire new customers. They often try to attract them with nice rewards or conspicuous switching incentives, so it’s really worth taking a look at what’s around.

Our verdict

RBS doesn’t include interest or switching incentives 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 (“You say”) is based on a survey of 1,941 customers carried out in December 2020.

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.

More guides on Finder

Go to site