RBS current accounts for June 2024

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

Royal Bank of Scotland

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.

Compare RBS current accounts

1 - 9 of 9
Name Product Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
Select Account
4.2
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable (subject to status)
Current account switch service guarantee badge
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? Representative APRs help you compare the cost of different credit products.
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Reward
4.2
★★★★★
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable (subject to status)
tag iconYou must be 18+ and a UK resident. Earn up to £5/month in Rewards (£4 with 2x +£2 direct debits set up, £1 for monthly app log in) and from 1% in Rewards when you spend with selected partners.
Current account switch service guarantee badgeRepresentative 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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View details
Premier Select
3.9
★★★★★
£0
No minimum funding requirement
0% AER
N/A
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 badge
View details
Graduate
Not yet rated
£0
No minimum funding requirement
0% AER
39.49% EAR variable on the first £3,250 and then 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.
View details
Premier Reward
4.1
★★★★★
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable
tag iconEarn £9 back in Rewards per month by making at a minimum of 2 direct debit payments of at least £4.50 each.
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.
View details
Foundation
Not yet rated
£0
No minimum funding requirement
0% AER

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 badge
View details
Premier Reward Black
Not yet rated
£31 per month
Min. £1250 Per Month
0% AER
N/A
tag iconEnjoy unlimited member visits to any airport lounge across the DragonPass network.
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
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 badge
View details
Revolve
3.9
★★★★★
£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.
View details
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Types of current accounts from RBS

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

      • Reward and incentive accounts

        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

      • Everyday current account

        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

      • 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 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.”

        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

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 most 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

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.

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Written by

Valentina Cipriani

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 profile

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