Royal Bank of Scotland

RBS current accounts for March 2024

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

4.3 ★★★★★ (72 reviews) Write a review

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 - 9 of 9
Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
OFFER
Select Account
Finder score
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable (subject to status)
tag iconSwitch your current account to Royal Bank of Scotland and you could earn £200 within 7 days of meeting eligibility criteria. T&Cs apply.
Current account switch service guarantee badge
Switch your current account held elsewhere to Royal Bank using the Current Account Switch Service to get the £200 offer. You must be 18+ and a UK Resident. Pay in £1250 & log in to the app within 60 days of switching. Offer may be withdrawn or amended at any time. Offer T&Cs and restrictions apply.
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? Representative APRs help you compare the cost of different credit products.
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OFFER
Reward
Not yet rated
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable (subject to status)
tag icon£200 offer when you switch + earn up to £5/month back in Rewards. £2/month fee, T&Cs apply.
Current account switch service guarantee badge
Switch your current account held elsewhere to Royal Bank using the Current Account Switch Service to get the £200 offer. You must be 18+ and a UK Resident. Pay in £1250 & log in to the app within 60 days of switching. Offer may be withdrawn or amended at any time. Offer T&Cs and restrictions apply.
Earn up to £5/month back: £4 for +2 Direct Debits (each must be +£2) and £1 for each mobile app log in.
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? Representative APRs help you compare the cost of different credit products.
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Premier Select
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
tag iconExpert help online or on phone, one-to-one support when you need it.
Current account switch service guarantee badge
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Graduate
Not yet rated
£0
No minimum funding requirement
0% AER
39.49% EAR variable
tag iconFree 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.
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OFFER
Premier Reward
Not yet rated
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable
tag iconEarn 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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Foundation
Not yet rated
£0
No minimum funding requirement
0% AER

tag icon£200 for accounts switched using the Current Account Switch Service.
Current account switch service guarantee badge
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Premier Reward Black
Not yet rated
£31 per month
Min. £1250 Per Month
0% AER
N/A
tag icon£200 for accounts switched using the Current Account Switch Service.
Current account switch service guarantee badge Account fee of £31 per month.
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Student Account
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
Current account switch service guarantee badge
View details
Revolve
Not yet rated
£0
No minimum funding requirement
2.7% AER

tag iconFree 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 an attractive overdraft feature and often seasonal sign-up incentives.
    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

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).

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.

Customer service information for RBS

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

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 scores

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

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.

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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