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 for December 2023
Earn cashback on your bills and access a wide range of perks with RBS current accounts.
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
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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 accountsStudent 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 an attractive overdraft feature and often seasonal sign-up incentives.
Learn more about student accountsChildren’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 accountsBusiness 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 4.3 out of 5 stars, based on around 64,100 user reviews. On the Apple App store, the app scores 4.5 out of 5 stars, based on around 25,000 reviews (last updated, May 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.
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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