Bank accounts
Explore our Reward bank account
£200 switch offer Open in new window
About this account Open in new window
Features and benefits Open in new window
How to apply online Open in new window
Ready to apply Open in new window
To apply, you need to be 18+ and a UK resident. You need to also pay in £1,250 to an eligible Royal Bank account every month. You can only hold a maximum of 1 Reward account in your name, and 1 in joint names.
Get our £200 offer when you switch to Royal Bank
Apply online or via our mobile app to switch a current account held elsewhere using the Current Account Switch Service into a Royal Bank account from 15 February 2024.
Deposit £1,250 into your account and log in to our mobile banking app within 60 days. App eligibility criteria apply.
When you meet these conditions, we'll pay £200 into your eligible account within7 days.
Your switch must fully complete to receive the incentive, this means your old bank account will close and any funds and Direct Debits will move over to us. The deposit of £1,250 can be made up of multiple credits and must remain in the account for 24 hours.If you've previously received a switcher incentive from NatWest Group since 01 January 2020, you will not be eligible for this offer.Offer can be withdrawn or amended at any time.
A Guide to Switching Current Accounts (PDF, 3MB)
How does the Current Account Switch Service work?
Ready to switch Open in new window
What happens when you switch?
Step 1
We'll send a request to your old bank to confirm the switch and we'll keep you updated every step of the way.
Step 2
Your old account will be closed on your behalf. Your balance and payments (like Direct Debits) will be moved to your Royal Bank account.
Step 3
The switch is complete. Once you've met our switch offer eligibility criteria, you'll get £200 within 7 days.
A Reward bank account for a little something extra
Earn from 1% in Rewards when you spend with your Royal Bank debit card at our partner retailers.
Redeem Rewards as money back into your current account, trade them up for eGift cards, or donate them to charity.
Easy-to-use mobile banking app.
Arranged overdraft available (subject to eligibility).
Choose your way to pay with Apple Pay, Google Pay™ or Contactless Debit Card. Limits apply.
£2 monthly fee.
Our App is available to personal and business banking customers aged 11+ using compatible iOS and Android devices. You'll need a UK or international mobile number in specific countries.
Learn how to earn and exchange Rewards
Earn Rewards
Up to £5 a month back
Earn £4 a month back in Rewards for 2 or more Direct Debits (2 of those Direct Debits needs 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 back in Rewards to spend on whatever you like!
Also earn from 1% in Rewards when you spend with your Royal Bank debit card at our partner retailers. Check out our current retailers in the mobile app.
Your Rewards balance can grow quickly, they're easy to earn and they're easy to exchange!
Information Message
Exchange Rewards
For cash back, gift cards and more
Once you reach £5 in Rewards, the choice is yours. Redeem Rewards as money back into your current account, trade them up for eGift codes, or donate to one of our chosen charities.
How to exchange your Rewards?
Great news, there is no need to set up your Rewards. You can see your MyRewards balance and claim straight from the Royal Bank app with the touch of a button. There's no need to use a password.
Keep in mind, if you choose to bank your Rewards it will take 5 working days to clear.
Information Message
Compare our range of savings accounts
- Savings
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Our range of savings accounts
We have a range of savings accounts available to our current account holders.
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Compare our savings accounts
Whether you're new to saving, or more of an expert, our Savings Hub is designed to help you find the savings account that best suits your needs. We have a range of accounts which you could have access to if you open a current account with us.
View all savings accounts
Individual account eligibility criteria and conditions may apply.
Get rewarded for saving regularly
We've just addedDigital Regular Saverto our range of savings accounts. You'll get ourhighest interest ratewhen you save between £1-£50 by standing order each month, on balances up to £1000. What are you waiting for?
View our Digital Regular Saver
Specific account eligibility criteria and conditions apply.
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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.
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How overdrafts work - details
There are two different types of overdraft:
- Anarrangedoverdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you.
- Anunarrangedoverdraft. This is when you spend more money than you have in your current accountwithoutalready having an arranged overdraft, or when you exceed your current arranged overdraft limit.
We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.
More about Overdrafts
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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.
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How much does my overdraft cost in pounds and pence?
This account offers an Overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using oureligibility tool.
As an example, the interest cost of using a £500 arranged overdraft is:
| Time Period | 7 days | 30 days | 60 days |
| Interest Cost | £3.24 | £13.87 | £28.13 |
This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days.
Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handycost calculator.
If you don't pay it back, it could have an impact on your credit score.
How does our overdraft compare?
A good way to compare the costs ofborrowing products is by using the APR, which shows the cost of borrowing over a year.
Representative Example: Effective Annual Rate: 39.49% EAR (variable). RepresentativeAPR: 39.49% APR (variable). Assumed credit limit: £1,200.
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How to apply online
Apply online
During the application we'll ask for information about you such as your address, job etc. So have these ready.
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.
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.
Your account is open
Start using your new account. Log in to Digital banking and download our mobile app to bank on the go.
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.
- Do not currently hold 2 Reward accounts.
Not sure a Reward account is for you? Look into our Selecteveryday bank accountwith no monthly fee.
How do I get additional support with my banking?
Banking My Way is a free service that allows you to record information about the support or adjustments you need to make banking easier. You can also let us know any additional support you may need to ensure all of our colleagues are aware of this. The information will be shared on our internal systems and therefore you will not need to repeat these requirements every time you interact with us.
Once your account is open, you can record this through Digital Banking or with our colleagues in branches or over the phone.
Learn more about Banking My Way
Now please take a look at the important legal info
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.
All kinds of general info about our current accounts. Including details about the Reward Account.
Download PDF (162 KB)
Very important information about how your money is protected. Just in case.
Download PDF (105 KB)
How much our charges will be. From taking cash out abroad to an unarranged overdraft.
Download PDF (133 KB)
Important basic info about the bank. For example, who regulates us and how to complain (hopefully you won't need that bit).
Download PDF (45 KB)
How we promise to treat you if we lend you money. And what we expect from you in return.
Download PDF (44 KB)
All the detail about the scheme. From how to set it up and how to earn Rewards, to how we’ll keep in touch with you.
Download PDF (79 KB)
Take a look at the switch terms and conditions to see how to get our £200 switch offer.
Download PDF (64 KB)
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.
As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and thisbiometric datais captured.
