Reward current account - Royal Bank of Scotland

Reward current account

Earn Rewards month in, month out.
5.00 in Rewards = £5.00 when exchanged.

Earn 2% in Rewards on 7 types of household bills paid by Direct Debit, including Council Tax

No limit to the Rewards you could earn

Only £2 a month

To apply you must be 18 or over and a UK resident

Change an existing Royal Bank account

Change an existing account

Is this to be a sole or joint change?

To apply, you need to be aged 18 or over and permanently resident in the UK.

In order to help us upgrade your account as quickly as possible, please do not open more than one application form in your browser. This can create an error when submitting your application.

Book a branch appointment

Please note that this account is not available to Royal Bank of Scotland customers in England and Wales.

Up to 25th June 2017, the Reward Account monthly account fee is £3 and you will earn 3% back in Rewards on any qualifying household bill Direct Debits.

From the 26th June 2017, the Reward Account monthly account fee will reduce to £2 and you will earn 2% back in Rewards on any qualifying household bill Direct Debits.

Rewards explained

What are Rewards?

They're simple

You automatically earn Rewards on seven types of household bills paid by Direct Debit and on purchases at partner retailers. 5.00 in Rewards = £5.00.

 

They could grow quickly

There's no limit to the Rewards you can earn. Average earning of £83 in Rewards a year is based on paying bills of £345 a month and is before the Reward monthly account fee is paid.

 

They're easy to exchange

As soon as your available Rewards balance is the equivalent of £5 or more, you can convert your Rewards to money, which you can either transfer into your Royal Bank of Scotland current account or use towards reducing your Reward credit card balance.

 

Rewards can also be exchanged for gift cards or codes at selected retailers or converted to money and donated to participating charities.

How do I earn Rewards?

2% back in Rewards on seven household bills

You will earn Rewards on the following bills when you pay by Direct Debit from your Reward bank account; Council Tax, mobile, landline, TV package, gas, electricity and broadband.

 

Payments to billing organisations but which are for other services such as maintenance, repairs or insurance will not earn Rewards. 

 

At least 1% back in Rewards at partner retailers

After you've opened your account, you'll receive personalised retailer offers where you can earn extra Rewards when you use your Royal Bank of Scotland debit card. To view your personalised offers, exchange any Rewards and to check your Rewards balance, you will need to register on the MyRewards site.

How do I exchange Rewards?

As soon as your available Rewards balance is the equivalent of £5 or more, you can login to MyRewards to exchange them. To login you will need to register, using your debit card. You can then choose from the following.

 

Bank it

Convert your Rewards into money. You can then transfer the money into your Royal Bank of Scotland bank account or use towards reducing your Reward credit card balance. The funds will be cleared in your chosen account within 5 working days.

 

Trade up

Exchange your Rewards for gift cards or codes at our selected partner retailers.

 

Donate

Convert your Rewards into money, which can be donated to one of our chosen charities.

   

Account features when banking with us

Ways to bank

Access your account anytime with 24-hour UK call centres, online banking or our mobile app. We also have one of the UK's largest branch networks.

We have lots of ways to bank with us, whether you want to use your mobile phone, tablet, or even use one of our mobile branches in more rural locations in the UK. There's plenty of ways to make managing your money easier.

App available on most smartphones, to Royal Bank of Scotland customers with Online Banking and a UK mobile number.

 

Ways to bank with us

Get cash without your bank card

Our mobile app lets you withdraw money (up to £130 of your money per day) from Royal Bank of Scotland, NatWest or Tesco cash machines.

Get Cash is a function on our Mobile Banking app that lets you withdraw money quickly without using your bank card. It's great for those times, when you pop out during your lunch hour, but don't have cash on you.

 

More about Get Cash

Pay your contacts with our mobile app

Send money to anyone with a Royal Bank of Scotland, NatWest, Ulster, NatWest Offshore or Isle of Man mobile app, or who is registered for Paym.

You must have available funds to send from your account (including any overdraft facility). There is a maximum payment of £250 a day, which is separate from daily withdrawal and Get Cash limits. You will need to be aged 16 and over.               

 

If the person you're paying is a Royal Bank of Scotland mobile app user, they’ll receive a text and the money will be in their account instantly.

 

More about mobile payments

An everyday account you can apply for online

Select current account

An alternative to the Reward accounts

Over 18s and UK residents only.

No monthly fee

Get assistance or apply Apply for a Royal Bank of Scotland Reward account
Change an existing Royal Bank account to Reward

Change an existing account

Is this to be a sole or joint change?

To apply, you need to be aged 18 or over and permanently resident in the UK.

In order to help us upgrade your account as quickly as possible, please do not open more than one application form in your browser. This can create an error when submitting your application.

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