Royalties Private

As a member, you will have benefits in these key areas:

• Banking - for personalised banking, tailored rates, and discounts
• Protection - protection for your home, your family, even your iPod
• Travel - exclusive travel and leisure discounts
• Entertainment - 25% cash-back on selected concerts, events, shows and more

Move to Private Banking and you will also receive a distinctive cheque book and debit card.

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 potential savings of Royalties Private

Important Information

Terms and Conditions apply - please read Personal and Private Banking - Terms and Conditions and Private Banking - Charges and Rates of Interest.

The subscription for the Royalties Private Account is £18 per month. Royalties Private is a packaged service of which the core element is a current account without which the remainder of Royalties Private benefits are unavailable. Over 18s only. Calls may be recorded. You have the right to cancel Royalties Private during the first 14 days after taking out the service. Full details of all benefits and how to access them will be available in your Royalties Private Service Guide or at rbs.co.uk/private. For further details on our insurance products, please refer to your Insurance Policy Summary Information (L621). We reserve the right to amend and withdraw benefits on 30 days notice. In exceptional circumstances we may need to do this immediately and inform you as soon as possible afterwards.

Savings Examples

The savings examples below 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 Private Account.

Tailored Overdraft Rates

Saving based on an arranged overdraft of £2,125 at a rate of 12.25% EAR compared to 19.24% EAR on an Interest Paying Current Account (June 10)

Royalties Private Saver

Saving based on earning up to 0.75% Gross / AER including conditional bonuses (0.25% Gross / AER excluding bonus) compared to 0.10% Gross / AER on an Instant Access Savings Account with a balance of £20,000

Identity Theft Protection

Saving based on £10,000 worth of insurance cover, Sentinel Identity Theft Protection worth £30, Credit Report worth £9.95, CIFAS registration worth £11.95 and Card Patrol worth £12. Plus access to advice, support and fraud resolution service (June 10).

DataPatrol

Saving based on current charge of £45 per year (June 10).

20% off Personal Tax Service

Saving based on a 20% discount off the Personal Tax Service which includes the completion of personal tax returns, normally £440 (June 10).

20% off Will Writing

Saving based on a 20% discount on drafting a professionally drawn up will for a married couple, normally £150 (June 10).

25% cash-back on Concert and Shows

Savings based on 25% cash-back on two tickets for a West End show (ticket price £35 per ticket) and 25% on four tickets for a family show (ticket price £27.50 per ticket) when booked online through Royalties Ticket Booking service or the Ticket Concierge Service (May 09).

Mobile Phone Insurance

Saving based on 2 handsets on the Phones 4u premier plan at £9.99 per month (June 10)

24/7 Emergency Cash

Service only available to existing NatWest customers using a NatWest, RBS or Ulster Bank branded UK cash machine. Only Online Banking and Telephone Banking customers can access up to £300. All other customers are restricted to a maximum of £60.

Card Protection

Saving based on the price of 1 year Sentinel® Card Protection Policy (May 09).

Accidental Death Insurance

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

Home Insurance

Saving based on a 49 year old with buildings and contents insurance for a 4 bedroom semi-detached house built 1920 - 1945 in G77 6JT (May 09).

Car Insurance

Saving based on 10% off first year's premium for fully comprehensive cover on a Renault Megane Scenic Dynamique for a 35 year old male driver with a licence for over 3 years, 5 years No Claims Discount, £250 voluntary excess and mileage of 8,000 living in G77 6JT.

Home Emergency Service

Saving based on home emergency service providing £500 cover (including VAT) worth up to £78 (May 09).

Discounted Car Hire Upgrade

Saving based on a request for a Group B car for one week in Spain, Malaga Airport on 5 June 2010 and receiving a Group C car. Price to purchase a Group C car directly with Avis is £245.78, price Royalties Private member is charged is £184.10 (June 10)

Extended Warranty

Saving based on Domestic and General Insurance company two year extended warranty on a Samsung LCD television, with a value up to £1,249, for £12.49 per month or £149.88 per annum (May 09).

Travel Service

Saving based on a holiday for 2 adults departing Glasgow on 18 July 2010, flying to Majorca (Palma) for 14 nights staying in a twin room at the Picafort Park Hotel, Ca'N Picafort on a Half Board basis. Included are transfers and 20kgs luggage (June 10)

UK Executive Airport Lounges

Saving based on two people departing from Manchester Terminal 2 based on Holiday Extra standard retail price (June 10).

Worldwide Airport Lounges

Saving based on Priority Pass Standard Membership Plan for £69 a year (May 09).

Tech Protector Cover

Saving based upon 2 handsets on the Premier Plan from Phones 4u - £9.99 per month (June 2010)

Discounted Hotel Booking Service

Savings based on a twin/double room for 3 nights at the 4* hotel, Hotel Concorde Montparnasse, Paris staying between the 06 July 2010 to 09 July 2010 at £309. The same hotel with expedia.co.uk at £364. (June 10).

Travel Insurance

Saving based on annual multi trip worldwide family RBS Travel Insurance with winter sports cover worth up to £160 (May 09).

Travel Money

Based on preferential exchange rates, 0% commission and complimentary home delivery for: 2 short breaks with £300 currency (worth £10+5); and one holiday with £800 of currency and £300 of commission free travellers’ cheques (worth £8)

• Show me all the benefits of Royalties Private

• Technology-related protection - cover your iPod, laptop and other gadgets. Register more than one item - to a combined value of £1,000 including VAT.
• Mobile phone insurance - covers up to four phones (including iPhones) for each Royalties Private account up to original value of £1,250 (including VAT) per phone and protect against loss, theft, accidental damage, breakdown or unauthorised phone calls. (Cover commences 7 days after registration).
• Identity theft protection - up to £10,000 cover for expenses incurred by you in defending and restoring your credit status after fraudulent activity plus a complimentary credit report, online card monitoring and CIFAS registration
• DataPatrol - Defend yourself online and protect your identity with online monitoring of your sensitive and personal information on the Internet.
• 24/7 home emergency cover - up to £500 of cover (including VAT) to pay for a registered trades person
• Extended warranty - an extra two years' warranty on domestic electrical goods
• Payment card protection - could cover your registered cards - even the non-RBS ones - against loss and theft. Up to £6,000 worth of cover per incident for losses that happen before we are notified. Cancel all your cards with a single call 24 hours a day.
• Accidental death insurance - £50,000 worth of automatic cover. Cover split equally for joint account holders. If you are over 70 the cover is reduced by 50%
• 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.

• 5 Star Defaqto rated UK & worldwide travel insurance - automatic cover for you and any immediate family with our Defaqto rated 5 Star UK & worldwide multi-trip travel insurance. Terms and conditions apply
• Commission-free travel money - preferential rates and free next day delivery when booked through Royalties Membership Services
• Personal Travel Advisers - to arrange and book your itinerary, offer advice and provide information. They will also save you 10% on selected flights, city breaks and other holidays
• Worldwide airport lounges - a complimentary Priority Pass will give your party access to 600 airport lounges worldwide for a small fee
• UK executive airport lounges - - book your flight through our Personal Travel Advisers and access 17 luxury lounges in major UK airports free of charge
• Complimentary car upgrade - guaranteed upgrade plus a 10% discount on rental price when you book through Personal Travel Advisers
• Hotel discounts - up to 60% discount at thousands of hotels around the world when you book through Royalties Member Services

• 25% cash-back top concerts and live shows - up to 6 tickets per event for concert, theatre tickets and sporting events* throughout the UK & Ireland.
• Concierge service - a Lifestyle Manager to make restaurant reservations, book music and sports events, devise itineraries, provide gift ideas and generally make life easier
• Sporting event cash back is available when booked online only

• Tailored overdraft rate - plus interest-free overdraft of up to £500
• Tailored Loan rates
• Tailored credit interest rate - higher than the Private Bank account rate
• Royalties Private Saver - an exclusive savings account for Royalties Private Customers. This account provides a tailored rate and instant access for customers with a minimum deposit of £10,000.
• Tax free savings - specialist help to manage your tax affairs
• Exclusive mortgage deals - you could make long-term savings with our special deals
• Emergency Cash - our Emergency Cash service allows you to get money out from a RBS* cash machine anytime, day or night should your debit card be lost or stolen.**

* Also available from NW and Ulster branded UK cash machines

** Cash advances are subject to status and are interest free provided they are paid back within one calendar month of receipt.

• Show me rates and charges for Royalties Private

• 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 membership fees are payable on the following accounts. Membership includes access to all the benefits listed in the appropriate brochures and user guides.

Application of membership fees

The monthly membership 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:

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 Private £500

Current Rates

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 represents fees, charges or costs of the kind described in section 6 of our leaflets; Private Banking- Charges and Rates of Interest (PDF, 120KB).

Unarranged Overdrafts

Any amount overdrawn without an arranged overdraft or in excess of the arranged overdraft limit will be charged at the rate shown in the table below.

The following rates are effective from 02/08/10

Previous Rates

The following previous rates were effective from 01/10/09:

However, we will not charge interest on any part of the overdrawn balance which represents fees, charges or costs of the kind described in section 6 of our leaflets; Private Banking- Charges and Rates of Interest (PDF, 120KB).

Calculation and application of interest

Interest on arranged and unarranged 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.

For more details on our current interest rates:

• phone our helpline - 0800 121 129 (Minicom 0800 404 6160)
• look on our website - www.rbs.co.uk/privatebanking
• look out for the notices in-branch
• ask your Relationship Manager

Charges – Arranged Overdrafts, Unarranged Overdrafts, Unpaid Items and Enforcement Charges

If we are going to debit any of the fees and charges set out in the table below 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
Paid Referral Fee
A Paid Referral Fee will be payable if: you informally request an overdraft by issuing instructions for a withdrawal or other payment on your account; and the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and an unarranged overdraft is created or increased because we decide we are willing to accept your request; and the level of the unarranged overdraft is £15 or more.	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: you informally request an overdraft by issuing instructions for a withdrawal or other payment on your account; and the payment cannot be met from the funds in your account or any unused arranged overdraft facility; and we decide we are not willing to accept your request but nonetheless accept it because we find that you have guaranteed payment by the use of a cheque guarantee card or debit card.	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: you informally request an 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.	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 Private Banking - Charges and Rates of Interest (PDF, 120KB) 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 How to make the most of your account (PDF, 696KB).
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.	When charged Within four days of the Default Notice being served.	£30 per notice

Other services

We also provide a number of other useful services, including stock exchange transactions and international services. For more details of these and any related charges, please ask your Relationship Manager.

• Show me legal information for Royalties Private

A monthly fee of £18 for Royalties Private is payable. The monthly membership 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 Private account are contained in the Service Guide you will receive after you convert your account.

Interest is paid gross or net of the lower rate of Income 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.

Calls may be recorded.

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

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 read legal information - terms and conditions covering your use of this website