Reward bank account

£150 when you switch
to Royal Bank

Rewards are our way of giving you something back

Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On 1st February 2020 we're changing the way you can earn Rewards.

Earn at least 1% back in Rewards on spend with our partner retailers

Pay with your phone with Apple Pay and Google Pay™  and bank on the go with our easy to use Mobile Banking app

£150 when you switch your current account (available to new and existing customers)

£2 monthly fee

Switch to us for £150!

Switch the current account you hold elsewhere to us by the 29th November and you'll get £150 cashback. It's as easy as 1,2,3...

Apply and open a new account or switch in to an existing account with us by the 29th November 2019.

In your application select to switch to us. The Current Account Switch Service will then automatically move your existing payments and close your account held elsewhere.

Pay in at least £1500 and log in to Digital or Mobile banking by 10th January 2020. We'll then pay you £150 by 7th February 2020. 

Current Account Switch Guarantee (PDF, 39KB)

A Guide to Switching Current Accounts (PDF, 3MB)

Switching Offer Terms and Conditions (PDF, 28KB)

Offer not available on Student, Revolve or Foundation accounts. If you've had cashback for switching to Royal Bank of Scotland (or NatWest) since October 2017 you won't be able to get it again.

Features and benefits

Rewards

What are Rewards?

Rewards are our way of giving you something back. Get rewarded on 7 types of household bills paid by Direct Debit. Your Rewards balance can grow quickly, they’re easy to earn and they’re easy to exchange.

How do I earn Rewards?

You’ll earn 2% back on eligible household bills paid by Direct Debit and at least 1% at our partner retailers.

How do I exchange Rewards?

It’s easy. Once your balance has grown to at least £5, we’ll give you a choice of what you can do with them. You can bank them, trade them or donate them to one of our chosen charities.

Mobile Banking App

Mobile app

Stay in control of your money with our easy to use mobile banking app.

We're changing how you can earn Rewards

On the 1st Febraury 2020, instead of earning 2% back in Rewards on household bills, you'll earn £4 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits need to be at least £2 each. Plus, earn an extra £1 a month back in Rewards with 1 mobile app log in.

That's up to £5 a month in Rewards to spend on whatever you like!

We're also reducing the amount you pay into any personal current account each month from £1,500 to £1,250.

Find out more about the changes

Other features...

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

How much will an overdraft cost?

Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.

Not sure Rewards are for you?

View our everyday bank account with no monthly fee and all the standard features that help make your banking hassle free.

How to apply online

RBS - Step 1

Apply online

During the application we'll ask for information about you such as your address, job etc. So have these ready.
RBS - Step 2

Provide your ID

You'll need to provide proof of your ID and address. You might be able to do this online, look out for an email from us.
RBS - Step 3

Check your details

We'll check we have everything we need to open your account. Look out for your new debit card in the post.
RBS - Step 4

Your account is open

Start using your new account. Log in to Digital banking and download our mobile app to bank on the go.

Ready to apply

You can apply if you:

  • Aged 18+ and a UK resident
  • And have not been declared bankrupt in the past 6 years

To earn Rewards on your household bills, you need to:

  • Log into Digital or Mobile Banking at least once every three months
  • Pay in £1,500 each calender month to any personal current account you have with us (excluding Foundation). The £1,500 can’t be transferred from another of your Royal Bank of Scotland accounts. 

Not sure Rewards are for you?

View our everyday bank account with no monthly fee.

Please review the important legal stuff:

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Digital Banking - not posted. Please take some time to review, print and/or save the important information.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Ready to continue?

I am...

To get the £150 switching offer you must:

  • Switch an account you hold elsewhere to Royal Bank by the 29th November 2019. When you apply tell us you want to switch.
  • Pay in at least £1500 and log in to Digital or Mobile Banking by 10th January 2020

You won't be eligible for our switching offer:

  • If you've had cashback for switching to us (or NatWest) since October 2017.
  • If we're only able to offer you a Foundation account instead of a Reward account. 

Take a look at the full Switching Offer Terms and Conditions (PDF, 28KB)

Great, looks like you're all set and ready to go.

I have a current account with Royal Bank...

I would like to...

I know my Digital Banking details...

To get the £150 switching offer you must:

  • Switch an account you hold elsewhere to Royal Bank by the 29th November 2019. When you apply tell us you want to switch.
  • Pay in at least £1500 and log in to Digital or Mobile Banking by 10th January 2020

You won't be eligible for our switching offer:

  • If you've had cashback for switching to us (or NatWest) since October 2017.
  • If we're only able to offer you a Foundation account instead of a Reward account. 

Take a look at the full Switching Offer Terms and Conditions (PDF, 28KB)

Great, looks like you're all set and ready to go.

To get the £150 switching offer you must:

  • Switch an account you hold elsewhere to Royal Bank by the 29th November 2019. When you apply tell us you want to switch.
  • Pay in at least £1500 and log in to Digital or Mobile Banking by 10th January 2020

You won't be eligible for our switching offer:

  • If you've had cashback for switching to us (or NatWest) since October 2017.
  • If we're only able to offer you a Foundation account instead of a Reward account. 

Take a look at the full Switching Offer Terms and Conditions (PDF, 28KB)

Great, looks like you're all set and ready to go.

I want to change my...

Switching offer

Changing your existing account doesn't qualify for our switching offer. 

To qualify you must close and switch a current account held elsewhere in to your Royal Bank account. 

Great, looks like you're all set and ready to go.

Switching offer

Changing your existing account doesn't qualify for our switching offer. 

To qualify you must close and switch a current account held elsewhere in to your Royal Bank account. 

Great, looks like you're all set and ready to go.

To get the £150 switching offer you must:

  • Switch in to your Royal Bank account by the 29th November 2019. When you switch you'll need to agree to close your account held elsewhere.
  • Pay in at least £1500 and log in to Digital or Mobile Banking by 10th January 2020

We're sorry but if you've had cashback for switching to us (or NatWest) since October 2017 you won't be eligible for this offer. 

Take a look at the full Switching Offer Terms and Conditions (PDF, 28KB)

Great, looks like you're all set and ready to go.

I know my Digital Banking details...

To get the £150 switching offer you must:

  • Switch an account you hold elsewhere to Royal Bank by the 29th November 2019. When you apply tell us you want to switch.
  • Pay in at least £1500 and log in to Digital or Mobile Banking by 10th January 2020

You won't be eligible for our switching offer:

  • If you've had cashback for switching to us (or NatWest) since October 2017.
  • If we're only able to offer you a Foundation account instead of a Reward account. 

Take a look at the full Switching Offer Terms and Conditions (PDF, 28KB)

Great, looks like you're all set and ready to go.

To get the £150 switching offer you must:

  • Switch an account you hold elsewhere to Royal Bank by the 29th November 2019. When you apply tell us you want to switch.
  • Pay in at least £1500 and log in to Digital or Mobile Banking by 10th January 2020

You won't be eligible for our switching offer:

  • If you've had cashback for switching to us (or NatWest) since October 2017.
  • If we're only able to offer you a Foundation account instead of a Reward account. 

Take a look at the full Switching Offer Terms and Conditions (PDF, 28KB)

Great, looks like you're all set and ready to go.