RBS Revolve current account review

Opening a bank account for your child can be a great way to give them some financial independence. Find out how the RBS Revolve account works in our review.

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Account nameRevolve
Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking.
ProviderRoyal Bank of Scotland
Account fee£0
Interest (AER)2.7%
ATM withdrawal limit£250
Debit networkMastercard
Card typeCash / Debit
Minimum eligibility age11 Years
Minimum operating balance£0.01
Minimum opening balance£0.01
Direct debits
Current account switch guarantee
Cheque Book

The Royal Bank of Scotland (RBS) was established in Edinburgh in 1727 and is one of the banking subsidiaries of NatWest Group which includes NatWest and Ulster Bank.

If you are considering RBS for your child’s bank account, this page looks at the RBS Revolve current account in detail.

What is the RBS Revolve current account?

The RBS Revolve account is a children’s bank account for 11- to 17-year-olds. It comes with a contactless debit card and can be managed online or via the RBS mobile banking app. There’s no monthly maintenance fee with this account.

How does it work?

The key features of the RBS Revolve account are outlined below:

  • No monthly fee. There’s no monthly maintenance fee with this account.
  • Interest on balances. A small amount of interest is paid on balances at a rate of 2.27% AER (variable).
  • Contactless debit card. To withdraw cash and make purchases online and in shops.
  • Apple Pay or Google Pay. Your child will need to be at least 13 to use Apple Pay and at least 16 to use Google Pay.
  • 24/7 banking. Access the account through online or mobile banking whenever and wherever.

Who is it for?

The RBS Revolve current account is for UK residents aged between 11 and 17. It’s designed to help youngsters learn how to manage their money and encourage financial independence.

What are the benefits?

The RBS Revolve account charges no monthly maintenance fee and pays interest on balances. It’s also easy to manage the account on the go through mobile and online banking.

How to apply

Those aged between 11 and 15 will need a parent or guardian with them to open an account. The parent/guardian will also need to hold their own RBS current account.

Those aged 16–17 can open the account themselves, provided they can prove their identity and address with their own documents. This could be a UK passport or birth certificate for proof of identity and a bank statement or letter of introduction from school for proof of address. If they can’t provide these documents, they will need to open their account with a parent or guardian who already has a current account with RBS.

The account can be opened online and your child will need to provide details such as their current address and contact information.

Is it safe?

Yes, RBS is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. This means eligible deposits will be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.

Overdrafts are not available for under-18s, so you don’t need to worry about debt.

Pros and cons of the RBS Revolve account


  • No monthly fee
  • Interest paid on balances
  • 24/7 banking


  • You’ll need your own bank account with RBS if your child is under the age of 16
  • Applicants must be at least 11 years old

Our verdict

The RBS Revolve account isn’t a bad little offering for a child’s account. Interest is paid on balances, there’s no monthly fee, your child will get a contactless debit card and it’s easy to manage the account via the app.

However, keep in mind that unless your child is 16 or over, you’ll need to also bank with RBS to qualify.

Frequently asked questions

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