RBS Select current account review
- Incentive
- You could get up to £1,000 when you switch to Royal Bank of Scotland Premier and save £100k+. Limited availability offer. T&Cs and restrictions apply. More infoFor £250 switching incentive, use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank of Scotland Premier. Pay in at least £5,000 and log in to the mobile app within 60 days, T&C's and restrictions apply. For an additional £750 interest payment, you'll need to also open a Flexible Saver account within 60 days of switching and pay in £100k into your Flexible Saver. Offer not available if you have previously received a switching incentive or held a current or savings account with Royal Bank of Scotland as of 10/03/26. Limited availability. T&Cs apply.
- Account fee
- £0
- Interest (AER)
- 0% AER
- Overseas card transactions
- 0%
- Representative example
- 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.
Our verdict
If you’re on the lookout for a new current account, find out whether the RBS Select account could work for you.
The RBS Select current account could be right for you if you’re after a straightforward bank account that doesn’t charge a monthly fee and can be managed via an app to help you stay on top of your finances.
However, don’t expect any bells and whistles with this account. It’s very much a solid everyday banking option. If you’re after something more, RBS does have other current accounts that add a little bit extra in terms of rewards. So it’s worth comparing your options before making your decision.
Check out our guide to best bank accounts in the UK.
Pros
-
No monthly fee
-
Arranged overdraft available
-
No transaction fee on purchases abroad (local fees may apply and not available on ATM withdrawals)
-
Round-the-clock support with Premier 24
-
Access to a Premier Manager when you need it
Cons
-
You'll need to meet strict eligibility criteria
-
Interest charged on overdrafts
-
No interest paid on in-credit balances
Details
Product overview
| Account name | Select Account |
| Incentive | You could get up to £1,000 when you switch to Royal Bank of Scotland Premier and save £100k+. Limited availability offer. T&Cs and restrictions apply. More info For £250 switching incentive, use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank of Scotland Premier. Pay in at least £5,000 and log in to the mobile app within 60 days, T&C's and restrictions apply. For an additional £750 interest payment, you'll need to also open a Flexible Saver account within 60 days of switching and pay in £100k into your Flexible Saver. Offer not available if you have previously received a switching incentive or held a current or savings account with Royal Bank of Scotland as of 10/03/26. Limited availability. T&Cs apply. |
| Provider | Royal Bank of Scotland |
| Account fee | £0 |
| Interest (AER) | 0% AER |
| ATM withdrawal limit | £300 |
| Debit network | Mastercard |
| Card type | Cash / Debit |
| Minimum eligibility age | 18 |
| Minimum operating balance | £0.01 |
| Minimum opening balance | £0.01 |
| Direct debits | |
| Current account switch guarantee | |
| Cheque Book |
Fees
| Currency conversion withdrawal for overseas cash withdrawal in Europe (EEA) | 2.75% |
| Currency conversion withdrawal for overseas cash withdrawal in non-Europe (EEA) | 2.75 |
Overdraft information
| Arranged overdraft available | |
| Arranged overdraft rate | 34.49% |
| Overdraft Grace Period | 14:30 same day |
| Representative example | 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. |
What is the RBS Select current account?
The RBS Select current account is an everyday bank account that does not charge a monthly maintenance fee. An arranged overdraft is available on the account if you need one.
The account can be managed online, via the app, over the phone or in branch and can be opened as a joint or sole account.
How does it work?
The key features of the RBS Select current account are outlined below:
- No monthly fee. There is no monthly maintenance fee to pay for this account.
- Multiple ways to pay. Choose to use Apple Pay or Google Pay or your contactless debit card.
- Arranged overdraft available. Interest is charged at 39.49% EAR.
- Access to the mobile banking app. Giving you personalised insights into your spending and letting you set and track budgets. It also offers account aggregation so you can see all your balances and transactions with other banks in one place, lets you pay in cheques and enables you to view your credit score for free.
- Round Ups feature. When you pay with your debit card or contactless device, the amount will be rounded up to the nearest pound and the difference transferred to your RBS savings account (app is required).
Who is it for?
The RBS Select account could be suitable for anyone looking for a basic, everyday bank account. To be eligible, you must be aged 18 or over and a UK resident.
What are the benefits?
One of the main benefits of the RBS Select account is that there is no fee to pay. You’ll also get access to the RBS mobile banking app that can help you to keep on top of your finances and set and track budgets, as well as keep an eye on your credit score.
How to apply
You can open the RBS Select account completely online. You’ll need to provide:
- A few details about yourself, including your name, address history and job
- ID such as a UK passport, UK or EU/EEA driving licence or an EU/EEA national ID card
- You may need to provide proof of address.
Is it safe?
Yes, RBS is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. Eligible deposits will be protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person.
Frequently asked questions
Sources
Your reviews
