Change to a Reward Current Account | Royal Bank of Scotland

Reward account

£2 fee per month. Please have your account number and sort code to hand when you're ready to change.
 

Earn 2% Rewards on 7 types of household bills paid by Direct Debit

All the benefits and features of our Select account

Keep your account number, sort code and debit card

Change my Royal Bank account to Reward

Change an existing account

Is this to be a sole or joint account change?

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

Reward Account eligibility: To earn Rewards on your household bills, you’ll need to pay £1,500 into any personal current account(s) you have with us (as long as it’s not a Foundation, Basic or mortgage current account) every calendar month. The £1,500 can’t be transferred from another Royal Bank current account or savings account that you have with us. You must also log into online or mobile banking at least once every three months. Otherwise, we may not pay Rewards on household bills and we may convert your Reward account to a Select account.

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.

   

Household Bills Reward Calculator

Tell us your average spend on household bills paid by Direct Debits
and we’ll show you how much you could earn per year.

2% Rewards  

on household bills paid by Direct Debit

This is available to all Reward, Reward Silver Reward Platinum & Reward Black accounts. For UK Residents Only. Fees from £2 per month apply.

 

To earn Rewards, you need to access online or mobile banking once every 3 months

Plus for our Reward account you need to pay in £1,500 across the eligible personal current account(s) you hold with us, every calendar month. 

  • 2%

    In Rewards on household bills

    paid by Direct Debit

    We've pre selected popular bills. Feel free to make changes

    • Selection_BroadBand Phone-On

      Phone and Broadband

    • Selection_Council Tax-On

      Council Tax

    • Selection_Electricity-On

      Electricity

    • Selection_Mobile-On

      Mobile

    • Selection_TV-On

      TV Package

    • Selection_Gas-On

      Gas

  • 2%

    In Rewards on household bills

    paid by Direct Debit

    Tell us your spend on the following household bills

    Annual
    Rewards

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    Change to a Reward Current Account | Royal Bank of Scotland £
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    Change to a Reward Current Account | Royal Bank of Scotland £
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    Change to a Reward Current Account | Royal Bank of Scotland £
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Great! This is how much you could earn in Rewards on Direct Debits

This is how much you could earn

In total
£on average per year*

Ready to change your account to Reward?

Change my account

Change an existing account

Is this to be a sole or joint account change?

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

Is Reward not the right account for you?

See our range of accounts
Get assistance or apply Change to a Reward account
Change my account

Change an existing account

Is this to be a sole or joint account change?

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

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