Change to a Reward Platinum Current Account | Royal Bank of Scotland

Reward Platinum account

£18 fee per month. Just have your account number and sort code to hand when you're ready to change.
 

Worldwide travel insurance  

Mobile phone insurance & UK car breakdown cover

Earn 3% Rewards on 7 types of household bills paid by Direct Debit

You will keep your debit card, sort code, account number and any online logins.

Change my Royal Bank account to Reward Platinum

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.

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

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. On average, currently our customers earn £120 per year in Rewards, based on average monthly Direct Debits of £333 (£4,000 per year) and excluding the monthly fee.

 

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?

3% 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.

   

How do I get started?

Setting up your new account

All you need are the details of the current account you want to change – i.e. your account number and sort code. 

 

You can find your 8 digit account number and 6 digit sort code by logging in to Digital Banking. Your account number and sort code are shown on the 'Account summary' under 'Personal accounts'.

 

You can also find them on your cheque book, paying-in book or bank statement. Alternatively, give us a call.

When will my account be changed?

It will typically take five days to convert your account. We will always aim to do it as quickly as possible.

 

We'll send you an email confirmation. You'll also receive a welcome pack in the post.

 

You'll receive Rewards on any qualifying Direct Debits from the date on which we convert your account.

Get assistance or apply Change to a Reward Platinum 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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