Premier Bank Accounts

Open a
Premier Reward account

A Premier account that Rewards you

To hold a Premier Reward account you need to pay in £1,250 to an eligible Royal Bank account every month.

Why a Premier Reward account?

£9 a month back in Rewards on 2 Direct Debits - they need to be at least £4.50

£1 a month back in Rewards when you login to our mobile app. Criteria applies.

Expert help on the phone or online, and one-to-one support when you need it.

£2 monthly fee

To apply, you must be 18+ and a UK resident.

I already have a Premier Reward account

To join Premier you'll need to be 18+ and a permanent UK resident and meet one of these criteria:


Minimum £100k sole income or £120k joint income paid into your Royal Bank account

Mortgage borrowings

£500k minimum mortgage borrowing with us

Savings or investments

Minimum £100k savings or investments held with us

About Rewards

What are Rewards?

What are Rewards?

Earn £9 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits needs to be at least £4.50 each. Plus earn an extra £1 a month back in Rewards with 1 mobile app log in. That's up to £10 a month back in Rewards to spend on whatever you like!

Exchange Rewards

Once you reach £5 in Rewards, the choice is yours. Bank it into your Royal Bank account, trade it up for a gift cards and e-codes with our retail partners, or donate to one of our chosen charities.

More features

Mobile banking app

Our Premier branded mobile banking app is secure and easy to use.

£2 monthly fee

A bank account that rewards you.

Overdraft details

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.

We're changing our overdraft pricing

Between 27 March and 2nd April 2020, we will be making some changes.

How much will an overdraft cost?

Understand the cost and impact of arranged and unarranged overdrafts. If you don't repay what is owed, you could harm your credit score and borrowing capability.

Switch to Premier

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the Switch to start.

Current Account Switch Guarentee (PDF, 39KB)

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

How to apply online

Have ID ready

We'll need some details from you, such as your address history, monthly income and ID.

Start your application

You can apply online right now if you are ready. Just use the section below to tell us about yourself.

How long will it take?

You should be able to complete the online application within an average lunch break.

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

  • are aged 18+ and a UK resident
  • will pay in £1,250 each calendar month to any eligible personal current account you have with us. 
  • don't currently hold 2 Reward accounts

You must also meet one of these criteria:

  • Minimum £100k sole income or £120k joint income paid into your Royal Bank account.
  • £500k minimum mortgage borrowing with us.
  • Minimum £100k savings or investments held with us.

Now please take a look at the important legal stuff

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.

All okay? You're nearly ready to start.

We need to do a few final checks with you. They'll only take a minute.

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

I have a current account with Royal Bank...

What would you like to do?

Do you know your Digital Banking details?

You're all set

You're all set

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

To continue with changing your account you must open this application in Internet Explorer.

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Do you know your Digital Banking details?

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