Legal information

Student current account

Student Royalties is available only to students completing a first full time higher education course, post graduate course or training as a nurse. The course must last for a minimum of 2 years (1 year for postgraduates). You must use the Student Royalties account as your main current account and deposit regular amounts into it by way of local education/Student Awards Agency for Scotland funding, parental contribution, salary, student loan or other funding, such as sponsorship or bursary. We will only allow you to hold one student account which offers preferential terms such as interest free overdraft facilities with us (or any other financial institution). Any account not deemed to be conducted in the above manner or that breach these terms and conditions will be subject to removal of facilities and closure.

Overseas students should contact their local branch for more information. Travel and Leisure benefits specified must be ordered through Royalties Membership Services. Commission free travel money must be arranged through The Royal Bank of Scotland.

Creditor interest is paid gross or net of tax depending on your tax position.

New customers will be asked to provide proof of identity, verification of address and signature.

Credit facilities: Over 18s only.

System updates will mean that our internet and telephone banking services are unavailable for short periods in the early hours of the morning.

Arranged overdrafts:

Student customers are offered interest-free overdrafts, by prior arrangement of up to £1,250 in the 1st year, £1,400 in 2nd year, £1,600 in 3rd year, £1,800 in the 4th year and £2,000 in 5th or postgraduate year.

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

Sentinel Card Protection ('SCP') is a trading name and registered trademark of Affinion International. Registered address: Charter Court, 50 Windsor Road, Slough, SL1 2EJ, United Kingdom. Registered in England No. 1008797. Affinion International is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. Affinion International 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, 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