Bank accounts

Open a Reward bank account

Explore our Reward bank account

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.

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!

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.

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.

Our savings accounts Close

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 added Digital Regular Saver to our range of savings accounts. You'll get our highest interest rate when 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.

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.

Details on how overdrafts work Close

How overdrafts work - details

There are two different types of overdraft:

An arranged overdraft, 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.
An unarranged overdraft. This is when you spend more money than you have in your current account without already 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

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 our eligibility 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 handy cost 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 of borrowing products is by using the APR, which shows the cost of borrowing over a year.

Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200.

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.

Switch to Royal Bank

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the Switch to start.

We can not switch savings accounts or ISAs through this service. Any other products you have with your old bank will not be moved at the same time.

Current Account Switch Guarantee (PDF, 39KB)

A Guide to Switching Current Accounts (PDF, 3MB)

How does the Switch Service work?

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 Select everyday bank account with 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.

Your Current Account Terms (28 pages)

Financial Service Compensation Scheme Sheet (2 pages)

Fee Information Document (20 pages)

What You Need To Know (2 pages)

Our Lending Commitments (4 pages)

MyReward Terms (11 pages)

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.

All okay? You’re nearly ready to start.

To speed up your application for our Reward account, we need to do a few final checks with you. They'll only take a minute.

Continue

What would you like to do today?

Open a sole Reward account

Open a joint Reward account

Change my existing Royal Bank current account to a Reward account

Switch a current account held elsewhere to my existing Royal Bank current account

Do you have a current account with Royal Bank?

Yes

Do you know your Digital Banking details?

If you log in to Digital Banking we can pre-fill some of the application for you.

Yes

You're all set

Depending on what ID we need to see, we may ask you for:

Photo ID, such as driver's license, Passport or EU ID card
Proof of your address, such as a utility bill or bank statement

Look out for an email and text after you have applied from our security partners, DigiDocs. It'll have a link to securely upload your documents for us to check.

Please register for Digital Banking

To help kick-start your application, we'll need you to register for Royal Bank Digital Banking. If you've forgotten your login details you can re-register via the same process..

You'll need your bank account sort code and account number, and your Royal Bank debit card if you have one.

The good news is that it normally takes about 5 minutes to register.

You're all set

Your application will be completely online, and you won't need to post us any information or visit a branch.

Tell us a bit about yourself and we’ll set up your account.
Our partner HooYu will then check your identity by matching you to your Photo ID. Your Photo ID must be a Passport, UK or EU/EEA Driving Licence or an EU/EEA National ID card. We might also ask for a valid proof of address. You'll need a device with a camera to upload these.If you don't have your ID to hand you can finish this step later.
Once they’ve confirmed your identity we’ll activate your account.

Here's what to do next

We’ve made a few changes to how we open joint bank accounts.

The button below takes you to a dedicated page explaining exactly what you need to open your account.

As a summary:

You create a joint account by adding the second applicant to an existing account.
You can either add the second applicant to an existing account, or if you’d like a completely new account, one of you can open a new account and then add the second applicant once it’s open.

Joint account opening

You're all set

During the application, you'll need the account number and sort code of the account you want to change. You can find these in your app/Digital Banking.

As you're changing your existing account to another, you’ll:

Keep your existing sort code, account number and debit card. Your existing standing orders and direct debits will stay the same.
Retain your arranged overdraft limits.
See no impact to your credit rating.

If you're a non-UK resident, we can only offer to change your bank account to our Select account.

Get started on your Switch

You’ll need these bits of info handy for your application:

The account number, sort code and debit card number of the bank account you want to switch to Royal Bank
The account number and sort code of your existing Royal Bank current account

The Current Account Switch Service will move everything across from your old bank account to your Royal Bank current account within 7 working days.