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Royal Bank of Scotland, also known as RBS, offers a range of current accounts, including everyday accounts, reward accounts, packaged accounts, Premier accounts, student accounts and joint accounts.
The RBS Select account is its everyday current account with no monthly account fee. It includes mobile banking, contactless payments and the option to apply for an arranged overdraft, subject to eligibility. RBS says applicants must be aged 18 or over and UK residents.
The RBS Reward account has a £2 monthly fee and lets eligible customers earn Rewards for meeting account conditions. You can earn up to £5 a month in Rewards by having two or more Direct Debits of at least £2 each and logging into the mobile app, plus Rewards when spending with partner retailers.
Reward Silver is a packaged account with a £10 monthly fee. It includes the Reward account benefits, European travel insurance, mobile phone insurance and no non-sterling transaction fees on debit card purchases abroad. You must be an existing RBS current account customer to apply.
Reward Platinum is a packaged account with a £22 monthly fee. It includes Reward benefits, mobile phone insurance, UK car breakdown cover, worldwide family travel insurance and no non-sterling transaction fees on debit card purchases abroad. You must be an existing RBS current account customer to apply.
RBS also offers a Student account with no monthly account fee, a free four-year tastecard and an interest-free overdraft, subject to eligibility. Students can get up to £2,000 interest-free from year one, including up to £500 in term one, and may be able to apply for up to £3,250 from year three.
Premier Reward is for customers who meet RBS Premier eligibility criteria. It has a £2 monthly fee and offers Premier support, plus up to £10 a month in Rewards for meeting Direct Debit and mobile app login conditions. To join Premier, customers usually need to meet income, mortgage borrowing, savings or investment criteria.
Premier Reward Black is RBS’s premium packaged Premier account. It has a £36 monthly fee and includes benefits such as worldwide family travel insurance, airport lounge access, 24/7 concierge service, UK and European car breakdown cover, Rewards and a £500 interest-free overdraft buffer, subject to status.
RBS offers joint accounts for two people who want to manage shared finances together. The available features and fees depend on the account type chosen.
The right RBS current account depends on how you manage your money and the features you need.
The Select account may suit you if you want a straightforward everyday account with no monthly account fee.
The Reward account could be worth considering if you expect to meet the monthly conditions and want to earn Rewards on Direct Debits, app logins and spending with selected retailers.
Reward Silver may suit you if you want European travel insurance and mobile phone insurance alongside everyday banking.
Reward Platinum could be a better fit if you want wider packaged-account benefits, such as worldwide family travel insurance and UK car breakdown cover.
Premier Reward and Premier Reward Black are aimed at customers who meet RBS Premier eligibility criteria and want extra support or premium benefits.
The Student account may suit eligible students who want a no-fee account with an interest-free overdraft and student perks.
Before choosing a packaged or reward account, it’s worth checking whether the monthly fee is good value for the benefits you’ll actually use.
Yes. RBS offers Rewards through selected current accounts and extra benefits through its packaged and Premier accounts.
With the Reward account, customers can earn up to £5 a month in Rewards by having at least two qualifying Direct Debits and logging into the mobile app. Customers can also earn from 1% in Rewards when spending with RBS debit cards at partner retailers. Rewards can be redeemed as cashback, exchanged for eGift codes or donated to charity.
Reward Silver includes European travel insurance, mobile phone insurance and no non-sterling transaction fees on debit card purchases abroad. Reward Platinum adds wider benefits such as worldwide family travel insurance and UK car breakdown cover.
Premier Reward offers up to £10 a month in Rewards, while Premier Reward Black adds premium benefits such as worldwide family travel insurance, airport lounge access, concierge service and UK and European breakdown cover.
The Student account includes a four-year tastecard, plus student offers such as cinema ticket discounts and days-out discounts, subject to availability and terms.
An RBS current account may appeal if you want:
Eligibility depends on the RBS current account you apply for.
For the Select and Reward accounts, you’ll usually need to be aged 18 or over and a UK resident. Reward account customers also need to pay in £1,250 each calendar month to an eligible RBS personal current account and cannot hold more than the permitted number of Reward accounts.
For Reward Silver and Reward Platinum, you must already be an RBS current account customer and be aged 18 or over and a UK resident.
For Premier accounts, you must meet RBS Premier criteria. This can include minimum income paid into your RBS account, minimum mortgage borrowing with RBS, or minimum savings or investments held with the bank.
For the Student account, you must be aged over 17, have lived in the UK for at least three years and meet RBS’s student eligibility criteria. You’ll usually need a 16-digit UCAS code, and the course must meet RBS’s requirements.
Some features, such as overdrafts, are subject to credit checks, status and approval.
RBS offers arranged overdrafts on selected current accounts, subject to eligibility and approval. An arranged overdraft lets you borrow up to an agreed limit, while an unarranged overdraft happens when you go overdrawn without an agreed limit or exceed your arranged limit. RBS says it charges interest on both arranged and unarranged overdrafts, and payments may be rejected if you go into an unarranged overdraft.
For many personal current accounts, RBS gives a representative example of 39.49% EAR variable and 39.49% APR variable, based on an assumed credit limit of £1,200.
Premier Reward Black includes an arranged overdraft with a £500 interest-free buffer, subject to status.
The Student account offers an interest-free overdraft, subject to eligibility. Students can apply for up to £2,000 from year one, including up to £500 in term one, and up to £3,250 from year three onwards. To apply for a student overdraft, you need to be aged 18 or over and your course must have started.
Overdrafts are repayable on demand and are intended for short-term borrowing, so it’s important to check the costs before applying.
Yes, you can switch to RBS using the Current Account Switch Service.
The service can move your balance, Direct Debits, standing orders and regular payments from your old current account to your new RBS account. RBS says eligible customers can request a full switch when applying for a Select or Reward account, and the switch is completed through the Current Account Switch Service.
RBS sometimes offers switching incentives on selected accounts, but these are usually subject to eligibility rules, account conditions and offer availability. For example, RBS’s current public pages mention switch offers for Select, Reward and Premier accounts, with specific conditions and exclusions.
Before switching, it’s worth checking that the RBS account you choose has the features you need, especially if you rely on an overdraft, packaged account benefits or specific rewards.
Before opening an RBS current account, it’s worth comparing it with other current accounts to make sure it suits the way you manage your money.
With MoneySuperMarket, you can compare current accounts from a range of providers and look at features such as monthly fees, overdraft options, rewards, switching incentives, app-based banking tools, packaged account benefits and student account options.
Once you’ve compared your options, you can choose the account that best matches your needs — whether that’s a fee-free everyday account, a reward account, a packaged account with insurance benefits, a student account or an account with an arranged overdraft.
Comparing current accounts can help you understand what’s available before you apply, so you can feel more confident you’re choosing the right account for your everyday banking.
Reviewed on 26 Jun 2026
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YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).
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