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Royal Bank of Scotland

Royal Bank of Scotland offers customers a number of different current accounts, including premium accounts, student accounts, and current accounts designed for young people.

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Royal Bank of Scotland Select Account

Royal Bank of Scotland Select Account

  • Visa Debit card with contactless technology
  • Emergency cash if you lose your card
More info
Overdraft
19.89%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

About Royal Bank of Scotland

Royal Bank of Scotland is one of the main members of the RBS Group of financial institutions.

The basic Royal Bank of Scotland current account is a ‘no frills’ current account that is designed to let customers make cash withdrawals via a visa debit card and access bill payment facilities. The account is fairly limited in that customers can only use certain cash machines in the Royal Bank of Scotland network, specifically those belonging to Royal Bank of Scotland, Ulster Bank and NatWest. There is also no cheque book and overdraft facility offered with a basic Royal Bank of Scotland current account.

The next tier of Royal Bank of Scotland current account offers a number of extra benefits. These include an overdraft facility, cheque book, the ability to set up standing orders and direct debits, and access to an emergency cash fund in the event a debit card is lost or stolen.

Young people aged between 11 and 18 years can earn interest on their money with an Royal Bank of Scotland young person’s current account. They can also personalise the design of their debit card.

Students can enjoy free overdraft facilities with a student Royal Bank of Scotland current account and graduates receive extra rewards when they sign up for a graduate current account with RBS.

For access to extra benefits, customers can opt for a premium current account with Royal Bank of Scotland. Premium accounts are subject to a monthly fee and require a minimum amount of income to be paid into the account every month, but in return they are eligible for a range of extras. These include travel insurance, mobile phone insurance, access to a ticket booking service for a wide range of entertainment options (with cashback available on every purchase), and breakdown cover.

Private banking is another option offered by 
Royal Bank of Scotland. 

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