Tell me moreCurrent account options
- Standard current account
- Extra benefit current accounts
- Student current account
- Graduate current account
- Bank accounts for young people
- Other accounts
Help and guides
Rates and charges
- Interest rates
- Current account charges
- Overdraft charges update
- Important Changes to Overdraft Pricing
Useful information
Current account charges
Rates and charges
There are a number of services available to you. The most common of these are listed with their costs. These charges are in respect of personal banking. Also listed are services which we may have to perform for you.
| Additional Services | |
|---|---|
| Providing a balance or interest certificate | No charge |
| Cashing a cheque issued on us | No charge |
| Cashing a cheque issued on other banks | £5 (some exceptions apply) |
| Applies to non-Royal Bank of Scotland customers only. | |
| Issuing a UK bank draft (sterling) | £10 |
| A special form of cheque that we can issue you which guarantees payment | |
| Stopping a cheque | £10 |
| When you wish to cancel a cheque that you have issued (but we will not charge you for cancelling lost or stolen cheques) | |
| Special presentation of a cheque | £15 |
| A cheque made payable to you can be specially presented by post to confirm quickly (generally the following day) that it will be paid | |
| Charge for court orders/legal processes served on the Bank brought on by a 3rd party against a customer (Scotland only) | £25 (minimum) |
| For example, when a court order brought about by a third party against you, forces us to freeze your account. | |
| Same day electronic transfer | £20 |
| We can arrange same day electronic transfer of funds (CHAPS) between bank accounts in the UK | |
| Providing copies of paid cheques | £5 for each cheque (maximum of £150) |
| This charge also applies to providing details of paid cheques. | |
| Providing copies of statements | £5 for each request |
| When you require a copy of a previously issued statement. | |
| Replacing lost or damaged cards | £5 |
| Return of dividend counterfoils | £2 for each mailing |
| When we are required to forward dividend counterfoils you. | |
| Details of debit card payments | £5 for each item |
| On your request, we can provide documentation of debit card payments | |
| Bankers reference | £10 for each request |
| When a third party requests our opinion on your financial status. | |
| Emergency Cash Service | Any fees payable will be advised at the time. |
| When we allow you to withdraw cash from an ATM after reporting your card lost or stolen. | |
| Personalised Card for Revolve Account | £5 |
| Safe Custody | |
|---|---|
| Annual Holding Charges (payable annually in arrears) | |
| £25 £45 £65 |
| Initial and subsequent re-deposit(s) | £10 |
Annual Holding Charges are applied in arrears so any withdrawal made prior to the anniversary of the deposit will incur a pro-rated amount of the annual charge. In addition, a £10 fee will be charged for initial deposits and any re-deposits following item inspection or temporary release. The charges set out above are inclusive of VAT.
| Arranged overdrafts - arrangement and renewal fees | |
|---|---|
| To arrange a personal overdraft | Up to £15,000 free £15,000 or over 2% of amount |
| To renew an overdraft at existing level | Up to £15,000 free £15,000 or over 1% of amount |
Unarranged overdraft and unpaid items - charges
If we are going to debit a Maintenance Charge, a Paid Referral Fee, a Guaranteed Card Payment Fee and/or an Unpaid Item Fee from your account, we will give you not less than 14 days' notice of how much we are going to debit and when.
| Fee type | When charged | Fee amount |
|---|---|---|
| Maintenance Charge | ||
| If your account becomes overdrawn without prior arrangement or any arranged overdraft limit is exceeded, you will be liable for a monthly Maintenance Charge. The Maintenance Charge will be applied if you have an unarranged overdraft at any time during a monthly charging period. | 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. | £20 (£10 for R21 Account**, Student Royalties and Graduate Royalties) |
| Paid Referral Fee | ||
A Paid Referral Fee will be payable if:
| 16 days after the end of the charging period in which the transaction was paid or taken from your account (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. | £15 for each day on which a Paid Referral occurs (subject to a maximum of £90 in any charging period). |
| Guaranteed Card Payment Fee | ||
A Guaranteed Card Payment Fee will be
payable if:
| 16 days after the end of the charging period in which the transaction was paid or taken from your account (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. | £15 for each transaction (subject to a maximum of £90 in any charging period). |
| Unpaid Item Fee | ||
An Unpaid Item Fee will be payable if:
| 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. | £5 for each item (subject to a maximum of £50 in any charging period) |
Making an informal request for an overdraft means you will have to pay a Paid Referral Fee, a Guaranteed Card Payment Fee or an Unpaid Item Fee. If an unarranged overdraft arises, you will also have to pay the Maintenance Charge and interest on the amount overdrawn (except so far as it represents fees, charges or costs of the kind described in section 6 of our leaflet Personal Banking Charges and Rates of Interest  (PDF, 155KB) under the heading Sums which do not bear interest). For examples showing how our charges work, please see the section headed Unarranged Overdrafts and Unpaid Items in our leaflet under "How to make the most of your account".
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| Enforcement | ||
| A Default Notice Fee will be payable if we need to serve a default notice on you (for example, if you fail to repay your overdraft on demand or we wish to enforce any security we hold). This is in addition to any other charges that may apply. | Within four days of the Default Notice being served. | £30 per notice |
** R21 Account is not available to new customers
Charging Scenarios
Overdrafts and bank charges
If you use the current accounts listed in the table below to make payments when:
- you do not have enough money in your account and have not agreed a formal overdraft limit with us; or
- the payment takes you over your arranged overdraft limit
You may have to pay charges as a result.
The table below gives some examples of our charges for making payments from your account when you haven’t enough money.
We developed these examples with the Office of Fair Trading and leading consumer groups to help you to think about how changing the way you use your account can affect the amount we may charge you.
These examples are meant to show how different actions can result in different charges. They are only examples so you shouldn’t see them as actions you might take and charges you might have to pay.
We may not allow you to use your account in the ways shown below. You should avoid going overdrawn wherever possible and you should contact us if you need help to manage your account.
We could add other charges and interest to your account if you try to make payments when you do not have enough money. For details of all the charges and interest rates for these accounts please refer to our leaflets
Personal Banking Charges and Rates of Interest
Private Banking Charges and Rates of Interest
Choose an example below which shows how you might manage your current account. If you have recent bank statements, use these to help you choose. Once you have worked out reasons why you might be charged, it could help you to avoid charges in future.
| Reasons that you might be charged | Royalties Premier*, Royalties Private, Private Bank Account, Royalties Gold, Royalties, Interest Paying Current Account | Student Royalties, Graduate Royalties, R21 Account** | Key Account | |
|---|---|---|---|---|
| Charge | Charge | Charge | ||
| 1 | We refuse a payment from your account because there is not enough money in your account. | £5.00 | £5.00 | £5.00 |
| 2 | A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. | £20.00 | £10.00 | £0 |
| 3 | A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. | £50.00 | £40.00 | £0 |
| 4 | A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. | £110.00 | £100.00 | £0 |
| 5 | A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. | £65.00 | £55.00 | £0 |
| 6 | A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. | £110.00 | £100.00 | £0 |
* Royalties Premier is not available to new customers.
** R21 Account is not available to new customers.
For further information about the underlying transactions used to calculate these scenarios, please visit:
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