Reward Silver bank account

£150 when you switch
to Royal Bank

Get more from your bank account

Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average our Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345

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

Also includes insurance cover for European travel and your mobile phone

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)

£10 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...

  1. Apply and open a new account or switch in to an existing account with us by the 29th November 2019.
  2. 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.
  3. 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. 

Offer not available on Student, Revolve or Foundation accounts.

Switching Offer Terms and Conditions (PDF, 28KB)

Features and benefits

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% 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 Rewards 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.

Travel

Travel insurance

Do you love to travel? This account offers European travel insurance that covers you for up to 22 days per trip. The policy also includes winter sports cover. Underwritten by U K Insurance Limited.

Travel money

Get great deals on foreign currency from our Travel Money Service. We'll even deliver the money to your door.

Fee free debit card purchases abroad

No Foreign Purchase fee when you using your Reward Silver debit card abroad.

Insurance

Mobile phone insurance

When bad things happen to your mobile, you need good cover. Our mobile phone policy covers loss, theft, accidental damage and breakdown (once your manufacturer’s warranty has expired). Underwritten by American International Group UK Limited.

Lifestyle

Cinema discount

Take advantage of up to 40% off the price of cinema tickets.

tastecard

If you love eating out, you’ll love this offer: get 2 for 1 or 50% off your food bill at thousands of restaurants UK wide.

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.

Other features…

Switch bank accounts

£150 when you switch to us. We'll help you switch bank accounts with the Current Account Switch Service.

Mobile app

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

Arranged Overdraft

There for those unexpected bills that can pop up occasionally.

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 are:

Aged 18+ and a UK resident.

To earn Rewards you need to log into Digital or Mobile Banking at least once every three months 

Not sure Rewards are for you?

View our everyday bank account with no monthly fee.

Please review the important legal stuff:

By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents, including the FSCS information sheet. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Digital Banking

What you need to know

Your ‘Insurance Product Information Document’ and your ‘What You Need to Know’ are available in a paper format. Let us know if you’d like this posted to you.

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 Silver 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 Silver 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 Silver 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 Silver 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 Silver 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.