Royalties Current Account

• Cashback – New current account customers can earn 2% cash back up to £125 on qualifying debit card purchases for the first 6 months. You’ll need to open an account on or after 23rd May and pay in at least £1,000 every month.
• Protection - register for Mobile Phone insurance and you're covered for one mobile phone and SIM card against accidental or malicious damage, loss and theft up to a value of £750.
  
• Travel Service - save 10% on flights, holidays and more when you book through Royalties Membership Services.
• Entertainment - 25% cash-back on up to 2 tickets per event for concert and theatre tickets when you book through Royalties Membership Services.
• The monthly fee for the Royalties current account is £6.95.
  
  
• Our Royalties Guarantee
• With our Royalties Guarantee in the unlikely event that you are not satisfied with the benefits in the first 60 days of account opening you will be entitled to a refund of all subscription fees that you have paid.
• Show me all the Royalties benefits

• Travel Service – Save up to 10% on holidays and more - save on packaged holidays, city breaks, tours or cruises operated by licensed major tour operators. Simply book through Royalties Membership Services.
• Other travel savings - save at least 10% on scheduled or charter airline tickets, ferries, car hire, cottages and hotels when you book through Royalties Membership Services.
• Travel money - preferential rates and complimentary delivery on commission-free travel currency, when you order through Royalties Membership Services.
• Overseas money - get money in local currency at cash machines and buy goods abroad wherever you see the logo shown on your card.

• Mobile Phone Insurance - you're covered for one mobile phone and SIM card against accidental or malicious damage, loss and theft up to a maximum retail value of £750 (including VAT). You're also covered for up to £1000 (including VAT) of unauthorised calls per claim for a pay monthly phone and up to £100(including VAT) for a pay as you go phone. (Cover commences 21 days after registration).
• Home insurance - an additional 10% off our home insurance in the first year, with 4 Star Defaqto rating. Excludes offers where we Guarantee to Beat your existing or renewal premium from another provider.
• Car Insurance - you now receive a 10% discount on your RBS car insurance premiums for the first year. Subject to minimum premium criteria.
• Numbers Vault ™ - our Numbers Vault service lets you safely store information from your mobile phone in a secure online environment that you can access whenever or wherever you like. Allowing you to transfer your stored information onto your mobile as and when you need to.
• Accidental Death Insurance - protect your loved ones with £10,000 accidental death insurance. £100,000 if you are travelling as a fare-paying or pass-bearing passenger on licensed transport such as trains or planes. For Joint Royalties account holders, the cover is split equally amongst the account holders. For persons aged 70 or over Accidental Death Insurance is reduced by 50%, although passenger cover stays the same.

• 25% cash-back on top gigs and live shows – cash-back available on up to two tickets per event for concert and theatre tickets when you book through Royalties Membership Services.
• Days out for less - discounts at big name UK attractions and activities when you book through Royalties Membership Services.
• Dine out for 25% less - save on your food and drinks bill when you book one of 450 UK restaurants through Royalties Membership Services or online.

• Protect your cards - with just one call, you and your household are protected when any registered debit or credit card is lost or stolen. Lose your cards abroad, and we can advance you up to £250 in emergency cash and supply replacement airline tickets up to the value of £3000*.
• Borrowing - tailored rates on credit cards and personal loans and access to our mortgage offer for Royalties.
• Lower cost overdrafts - pay no arrangement or renewal fees on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
• Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. System updates will mean that the transactional service for our internet and telephone services is unavailable for short periods in the early hours of the morning.
• Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.

• Show me how much I could save

Potential Savings

The examples are for illustration purposes only and are not based on actual RBS customers. The savings shown are representative of those that can be achieved by opening a Royalties Account.

Travel Service
Saving based on a holiday for 2 adults departing from Gatwick on 5 June 2010 flying to Majorca (Palma) for 7 nights staying in a twin room at the Platja d'or Hotel, Alcudia on an all inclusive basis. Included are transfers and 20kgs luggage. (Apr 10)

25% cash-back on top concerts and live shows
The Event Booking Service saving is based on using the service twice and buying 2 tickets costing £34 each time.

Mobile Phone Insurance
Saving based upon Executive Plan from Insure My Mobile Phone at £7.99 per month. (Apr 2010)

Home Insurance
Additional 10% off your first years Home Insurance Premium Saving based on a 49 year old with buildings and contents insurance for a 3 bedroom semi-detached house built 1946 - 1979 in EH49 6QG.

Card Protection
Saving based on the price of 1 year Sentinel® Card Protection Policy (June 10).

Accidental Death Insurance
Saving based on Norwich Union's cover of £20,000 for £1.99 a month (June 10).

Numbers Vault™
Saving based on Phones 4u standalone pay monthly fee of £1.99 a month (June 10).

Freetime Activities
Entry prices can change on a regular basis and it’s advised you check directly with the venue before visiting. Please refer to your Freetime Activities guide for full terms and conditions.

Discounted Car Insurance
Saving based on 10% off first year's premium for fully comprehensive cover on a Peugeot 206 1.4L SW VERVE for a 25 year old female driver with a licence for over 3 years, 5 years No Claims Discount, £250 voluntary excess and mileage of 8,000 living in EH49 6QG.

• Show me rates and charges for the Royalties current account

• Click here to download a full copy of our fees and rates leaflets

Throughout this page, you'll see various terms being used. Here's what they mean:

• Annual Equivalent Rate (AER) - this is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
• Effective Annual Rate of Interest (EAR) - this is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
• Gross Rate - this means the interest rate you are paid before the deduction of income tax.
• Net Rate - this means the interest rate you are paid after the deduction of income tax.
• Nominal Rate - the rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
• p.a. - per annum (per year).

Monthly account fees are payable on the following accounts. Account holding includes access to all the benefits listed in the appropriate brochures and user guides.

Application of account fees

The monthly account fees will be applied 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday) and will appear on your account statement as “CHG”. The charging period normally ends on the date that we send your statement to you.

Interest we pay you

The annual rates of interest paid on credit balances are as follows:

The following rates are effective from 22/09/10

Historic Credit Interest Rates

The previous rates were effective from 02/10/06

Interest due on arranged overdrafts

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any interest. If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest at the rates shown in the tables below on the overdrawn balance – please note that this includes the part of the balance which is within any interest free threshold that applies to your account.

Interest free thresholds

Royalties £100

The following rates are effective from 02/08/10

Previous rates

The following previous rates were effective from 28/04/08

However, we will not charge interest on any part of the overdrawn balance which is an unarranged overdraft or represents fees, charges or costs of the kind described below under the heading Sums which do not bear interest.

Unarranged overdrafts

With effect from 01 February 2011, we no longer charge debit interest on unarranged overdrafts.

Previous rates

The following previous rates were effective from 02/08/10 until 31/01/11

Calculation and application of interest

Interest on arranged overdrafts is calculated on a daily basis and charged monthly. The interest we charge in each charging period will be debited from your account 16 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. If we are going to debit interest from your account, we will give you not less than 14 days’ notice of how much we are going to debit and when.

Sums which do not bear interest

We do not charge interest on unarranged overdrafts. Nor do we charge interest on any part of an arranged overdraft which represents:

• a Default Notice Fee or other sum (apart from interest) you must pay us in connection with a breach of your obligations under your agreement with us; or
• a Returned Item Fee or Unarranged Overdraft Fee (see section 7 of our leaflet Personal Banking- Charges and Rates of Interest (PDF, 662KB)

Our Act Now Alerts can help you stay in control and minimise or even avoid fees for unarranged overdrafts and returned items. They specify the time by which you should credit your account with cleared funds to cover all payments and/or to bring your account back into credit. Find out more about Act Now Alerts.

If we are going to charge you an Unarranged Overdraft Fee and/or a Returned Item Fee, we will give you not less than 14 days’ notice of how much we are going to charge you and when.

Unarranged Overdraft Fee

An Unarranged Overdraft Fee will be charged for each day on which there is an unarranged overdraft of greater than £6 on your account at close of business on that day.

Please note: we will only charge an Unarranged Overdraft Fee for a non-business day (i.e. a Saturday, Sunday or Bank Holiday) if there is an unarranged overdraft of greater than £6 owing on your account at close of business on the first following business day.

When charged

16 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you.

Fee Amount

£6 for each day for which an Unarranged Overdraft Fee is payable

Returned Item Fee

A Returned Item Fee will be charged if:

• you informally request an unarranged overdraft by issuing instructions for a withdrawal or other payment; and
• the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and
• we decide in our discretion not to make the payment.

When charged

16 days after the end of the charging period in which we decide not to make the payment (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you.

Fee amount

£6 for each returned item (subject to a maximum of £60 in any charging period).

Making an informal request for an unarranged overdraft means you will normally have to pay a Returned Item Fee and/or an Unarranged Overdraft Fee. Please note that it is possible to incur both a Returned Item Fee and an Unarranged Overdraft Fee on your account on the same day or as a result of a single transaction (for example, where we take a Returned Item Fee from your account and this creates an unarranged overdraft of greater than £6 on your account). For examples showing how our charges work, please see the section headed Unarranged Overdrafts and Returned Items in our leaflet How to make the most of your account (PDF, 490KB).

• Show me legal information for the Royalties current account
• Show me information on additional services

Important Information

A monthly fee of £6.95 for Royalties is payable. The monthly account fee will be applied 16 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday) and will appear on your account statement as “CHG”. The charging period normally ends on the date that we send your statement to you.

Conditions apply to benefits. Full details of all the Royalties account benefits are contained in the Service Guide you will receive after you convert your account.

New customers will be asked to provide proof of identity, verification of address and signature. System updates will mean that our Internet and telephone banking services are unavailable for short periods in the early hours of the morning.

Credit facilities

Over 18s only.

Royalties Motor and Home Insurance

Royalties Motor Insurance and Home Insurance are underwritten by UK Insurance Limited. Breakdown Assistance is provided by Green Flag Motoring Assistance. All are members of The Royal Bank of Scotland Group. UK Insurance Limited is authorised and regulated by the Financial Services Authority. Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England No. 1179980. Cover is subject to their normal acceptance criteria.

Royalties Payment Card Protection

Royalties Membership Services is operated by Affinion International Limited acting as agents for the Royal Bank of Scotland plc.

Sentinel® Card Protection is a trading name and registered trademark of Affinion International Limited. Registered address: Charter Court, 50 Windsor Road, Slough, SL1 2EJ, United Kingdom. Registered in England No. 1008797. Affinion International Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. Affinion acts as an intermediary for arranging the insurance and provides the administration of the card registration and associated services.

This insurance is underwritten by Allianz Insurance plc Registered in England No. 84638. Registered Office: 57 Ladymead, Guildford, Surrey, GU1 1DB, United Kingdom. Branch Address: Allianz Schemes, Allianz House, 6 Vale Avenue, Tunbridge Wells, TN1 1EH, United Kingdom. Allianz Insurance plc is authorised and regulated by the Financial Services Authority (FSA). Their authorisation can be confirmed by the FSA by calling 0845 606 1234 or at www.fsa.gov.uk. Their FSA registration number is 121849.

Royalties Payment Card Protection is subject to Terms and Conditions, a copy of which is available in the back of the service guide you will receive after you convert your account.

Important Information – Royalties Guarantee

If you open your Royalties Account on or after 20 April 2009, you will be eligible to benefit from our Royalties Guarantee.

If you use any of the Royalties Account benefits within 60 days of your account being opened and are not satisfied within that 60 day period, we will refund all subscription fees you have paid for your Royalties Account in the first 60 days of account opening.

We reserve the right to change or withdraw the Royalties Guarantee at any time without giving you prior notice.

To claim a refund please call our freephone helpline 0800 408 0338 (minicom number 0845 600 0512).

Lines are open 8am to 8pm Monday to Friday and 9am to 6pm Saturdays. Calls may be recorded.

• Download the full terms and conditions which apply to this account.

• Please also read our website terms and conditions which cover your use of this website