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Royal Bank Premier banking
Explore the strengths of Premier banking
Premier Banking at a glance
Premier Banking is a free service. You'll enjoy a whole host of benefits:
Premier bank accounts - fee-free or get extra benefits with one of our Reward accounts for a monthly fee.
A Premier Banking Manager to help with your financial plans or guide you through more complex financial decisions.
Access to products and specialist services designed to help meet your needs.
Round the clock help, online or over the phone.
How do you qualify for Premier Banking?
You'll need to be a permanent UK resident and meet one of the following:
1. Your income
Do you pay £100k sole or £120k joint income into your Royal Bank account?
2. Your mortgage borrowings
Do you have a mortgage of at least £500k with us?
3. Your savings or Investments
Do you have £100k savings or investments held with us?
Compare Premier accounts
Join Premier by opening a Premier account. With a Premier Reward you could also earn up to £9 a month for 2 Direct Debits - they need to be at least £4.50 each. Plus, earn an extra £1 a month back in Rewards with 1 mobile app login.
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To apply for any of our Premier accounts, you must be aged 18 or over and a UK resident.
Premier Select
Get all the benefits of our Premier Banking service, plus:
Mobile Banking app that's simple to use. Criteria applies.
Pay your way; Apple Pay, Google Pay™ and contactless debit card. Limits apply.
No monthly fee.
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Premier Reward
For £2 monthly fee, you'll get:
£9 a month back in Rewards for 2 Direct Debits - they need to be at least £4.50 each.
£1 a month back in Rewards when you log in to our mobile banking app.
Earn at least 1% at partner retailers when you use your Royal Bank debit card.
You'll need to pay at least £1,250 into your Royal Bank account every month.
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Premier Reward Black
For a £31 monthly fee, you'll get:
All the benefits of our Reward account.
Worldwide travel insurance and airport lounge access.
Cinema discount valid at over 250 UK cinemas.
24/7 Black Concierge Service.
UK & European car breakdown cover.
Home Emergency Service.
Plus much more.
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I'm already a Royal Bank customer
If you're an existing Royal Bank customer you can talk to us about joining or changing your existing account.
Change my existing account
In need of a change? Compare our range of bank accounts and find the one that suits you. Follow the steps to 'change your account' from your preferred account page.
Talk to us about Premier
You don't have to open a new account to join Premier. Simply speak to one of our team who will confirm a few details with you and set you up with one of our Premier Banking Managers who will welcome you to Premier.
You might also be interested in
Premier products and services
Financial Health Check
One-to-one support
Whether you're reviewing your borrowing needs, planning that dream holiday or getting ready for retirement, your Premier Banking Manager is equipped to help you achieve your financial goals.
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Premier Insurance
Insurance cover
One easy to manage portfolio. If you need help, you'll have specialists to help you get the cover you need and claims support, day or night. Cover underwritten by U K Insurance Limited.
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Will-writing & Executor Service
Protect your wealth
Help ensure your money and assets are shared according to your wishes. Our Will writing and Executor Service will help you to do so in the most efficient way, giving you peace of mind. A fee will apply.
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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)
Common questions about joining Premier banking
A permanent UK resident; and one of the following:
- Income – Minimum £100k sole income or £120k joint income paid into your Royal Bank account
- Mortgage borrowings – £500k minimum mortgage borrowing with us
- Savings or Investments – Minimum £100k savings or investments held with us
If you decide to call us about joining Premier Banking, we will confirm a few details about you and your circumstances and agree a time that suits you to speak with one of our team. They'll discuss your financial goals and objectives to see if Premier is right for you, but there is no obligation to take any of our services.
- Evidence of criteria met – we will confirm over the phone which of the criteria you meet.
- Current address - information on your current address and post code.
- Financial documents - to help us understand your needs and evidence the criteria you meet, please have the relevant financial documentation to hand (for example: statements, tax returns, bank statements).
- New customers will need to bring either your driving licence or passport too.
If you are moving to the UK within the next 3 months, we would be able to welcome you to Premier Banking once you have arrived in the country. Please contact our Premier Banking team who will be happy to help.
If you are not moving to the UK, we would not be able to offer you the Premier service.
If you are living outside the UK but still within the EU. You could still open an account with Royal Bank of Scotland.
Find an answer in our FAQs
Financial Services Compensation Scheme
Your eligible deposits with the Royal Bank of Scotland are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.
Read about the scheme and how it protects your money (PDF, 3.8 MB).