Current Accounts | Royal Bank of Scotland Private

Black Reward account

Current accounts

Tailored to your needs

Get in touch

How can we help you?

Speak to our UK-based team. 

Telephone 0333 202 3332
International +44 131 278 3507
Minicom 0800 027 1398

If you are based in England or Wales please call 0345 301 4723.


Eligibility criteria
Available to all customers with a sole income of at least £100,000 or a joint income of £120,000 paid into their Royal Bank of Scotland account, or minimum outstanding mortgage borrowings with us of £500,000, or savings and investments of at least £100,000 held with us.

Reward accounts are available in branch only, to UK Residents over 18 in Royal Bank of Scotland branches in Scotland and Holts, Drummond or Child & Co customers. To keep earning Rewards on your household bills, you must log into online or mobile banking at least once every three months.

Current accounts and benefits - RBS Private A current account designed for you

We have a range of current accounts (some with no monthly fees) and your Private Banking Manager can help you choose the one that’s right for you. It might be the Reward Black account, specially designed for Private customers.

For £28 a month you’ll get: 

2% back in Rewards on your household bills (paid by Direct Debit)

1% back when you use your debit card at our partner retailers

Worldwide travel insurance and airport lounge access

UK and European breakdown cover

Reward Black is available to customers with a sole income of at least £100,000 paid into their Royal Bank of Scotland account, or minimum outstanding mortgage borrowings with us of £300,000, or savings and investments of at least £100,000 held with us. Reward accounts are not available to Royal Bank of Scotland customers in England and Wales.
   

Further information about account features and benefits

Reward eligibility, insurance underwriting and mobile app availability

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 of Scotland 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.

 

All our travel insurance, car breakdown cover and home emergency cover is underwritten by UK Insurance Limited. Our mobile phone insurance is underwritten by Aviva.

 

App available on selected smartphones, to Royal Bank customers with Digital Banking and a UK mobile number beginning 07.

Current accounts and benefits - RBS Private Could you earn even more Rewards?

The Reward Black credit card could be the perfect partner for your Reward Black current account. You can earn 1% Rewards on your purchases in supermarkets (0.5% at their petrol stations). You also won't pay any foreign transaction fees when you use your credit card abroad.

Representative 37.1% APR (variable)

Annual fee applies and is then refunded as you have a Reward Black current account.

To apply you must be 18 or over, a mainland UK resident and earning over £15k p.a.

Get a Reward Black credit card
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