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It pays to bank with Premier Reward

You could get a £500 welcome bonus when you switch to Premier Reward. T&Cs apply.

current account switch guarantee logo

Premier eligibility criteria apply. 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. £2 monthly fee. 

On this page:

Welcome bonus switch offer Open in new window
About this account Open in new window
I'm already a customer Open in new window
Learn about Rewards Open in new window
Ready to apply Open in new window

Our current account terms and conditions are changing from 01 October. Find out more.

To join Premier you’ll need one or more of the following:

  • Minimum of £100k sole income or £120k joint income paid into your Royal Bank account.
  • Minimum of £100k savings or investments held with us.
  • Minimum £500k mortgage with us.

£500 switch welcome bonus with Premier Reward

This offer is available to new and existing customers who did not hold a Royal Bank current account on 02 September 2026.

How to get the welcome bonus

1. Open a current account and switch to us

  • Apply for and open a Premier Select or Premier Reward account and request and complete a full switch to us from another bank using the Current Account Switch Service.

2. Within 90 days of switching

  • Pay £15,000 into your new account - this can be made up of multiple payments (e.g. your salary), and each payment must remain in your account for 24 hours.
  • Log in to our mobile app.

3. You're all set

  • We’ll check your account 90 days after your switch has completed. If all steps have been completed, the £500 will be paid into your account within 30 calendar days provided it remains open.
Information Message

Switch Offer T&Cs (PDF, 57KB)

Current Account Switch Guarantee (PDF, 39KB)

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

Information Message

Information Message

Specific account eligibility criteria & conditions apply. Offer T&Cs and restrictions apply. You won’t be eligible if you or anyone on the account has previously received a NatWest Group cash switch incentive, or if you’re switching an account from NatWest Group (NatWest or Ulster Bank). This offer may be changed, replaced, or withdrawn at any time. 

A Premier account that Rewards you

Information Message

To hold a Premier Reward account you need to pay in £1,250 to an eligible Royal Bank account every month.

Why a Premier Reward account?

£9 a month back in Rewards on 2 Direct Debits - they need to be at least £4.50.

£1 a month back in Rewards when you log in to our mobile app. Criteria applies.

Expert help on the phone or online, and one-to-one support when you need it.

New: no foreign transaction fees on debit card spend abroad. Not valid for ATM withdrawals. Local fees may apply.

£2 monthly fee.

Information Message

To apply, you must be 18+, a UK resident and meet the specific Premier criteria below.

Start my application Open in new window

I already have a Premier Reward account

Find out how to set up and use your account benefits.

About Rewards

What are Rewards?

What are Rewards?

Earn £9 a month back in Rewards for 2 or more Direct Debits - 2 of those Direct Debits needs to be at least £4.50 each. Plus earn an extra £1 a month back in Rewards with 1 mobile app log in. That's up to £10 a month back in Rewards to spend on whatever you like!

Exchange Rewards

Once you reach £5 in Rewards, the choice is yours. Bank it into your Royal Bank current or savings account, exchange for a gift cards and e-codes with our retail partners, or donate to one of our chosen charities.

More features

Mobile banking app

Our mobile banking app is secure and easy to use.

£2 monthly fee

A bank account that rewards you.

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.

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.

How to apply for an arranged overdraft

Apply for an arranged overdraft after your account is open, using our mobile app or by logging in to Digital Banking. Subject to status and eligibility.

How to apply online

Have ID ready

We'll need some details from you, such as your address history, monthly income and ID.

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Start your application

You can apply online right now if you are ready. Just use the section below to tell us about yourself.

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How long will it take?

You should be able to complete the online application within an average lunch break.

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Get ready to apply

To make sure this account is right for you, please take your time to understand how you can earn and exchange Rewards. Not sure yet? Take a look at our Premier Select everyday bank account with no monthly fee.

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.
  • don't currently hold 2 Reward accounts.


You must also meet one of these criteria:

  • Minimum £100k sole income or £120k joint income paid into your Royal Bank account.
  • £500k minimum mortgage borrowing with us.
  • Minimum £100k savings or investments held with us.

Now please take a look at the important legal stuff

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.

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.

 

As part of the checks that we will complete to verify your identity, we’ll take an image of your face so that it can be compared with your photo ID and this biometric data is captured.

All okay? Apply for a bank account online today.

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

Continue
Do we already know you?
If you have a current account, credit card, loan or savings account with the Royal Bank of Scotland please let us know.
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What would you like to do today?
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You're all set

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

  1. Tell us a bit about yourself and we’ll set up your account.
  2. Our partner Mitek 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. If you don't have your ID to hand you can finish this step later.
  3. Once they’ve confirmed your identity we’ll activate your account.

Please note, a partial switch does not qualify for any switch incentives we may offer. 

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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.

In summary:

  1. You create a joint account by adding the second applicant to an existing account.
  2. 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. 
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Joint accounts opening
Do you have our app on a mobile device?
You can apply using either the mobile app or Digital Banking. The mobile app is easier and quicker as we can prefill some of your information.
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Here's a few steps to get started

If you're already using a device with the Royal Bank app, select the 'Start application' button below. 

You will need the most up to date version of the app, to make changes to your account. 

To open a new account: 

  1. Once logged in to the app, choose 'Apply' and then current accounts. 
  2. Then choose what type of account you would like to open.

To change your account type or switch into your existing account: 

  1. Once logged in, click into the account you wish to change or switch.
  2. Choose either the 'Change my account type' or 'Switch my account' option. 

Can't scan the QR code?

 

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Start your application
Do you have RBS Digital Banking?
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Log in to Digital Banking

  1. Enter your customer number or 16-digit card number to get started. 
  2. You'll then need to enter your Digital Banking pin and password.
  3. Once you're logged in follow the below.

To open a new account:

  1. Select 'Current accounts' from 'Our Products'. 
  2. Choose the account you want to apply for and complete your application.

To change to a different account type or to switch into your existing account: 

  1. Choose the account you wish to change or switch, click 'Account details'. Then choose either the 'Switch to us form' or review the section 'Want to change to a different type of current account?' to begin your application. 
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Log in now

Let’s get you signed up for Digital Banking

You’ll need to sign up for Digital Banking with us in order to apply for a Premier Reward account. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Royal Bank Debit Card, if you have one.

Once you’ve registered, select ‘Next’ to log in and apply for a Premier Reward account. 

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I am now signed up

Log in to Royal Bank Digital Banking

  1. Enter your customer number or 16-digit card number to get started. 
  2. You'll then need to enter your Digital Banking pin and password.
  3. Once you're logged in follow the below

To open a new account:

  1. Select 'Current accounts' from 'Our Products'. 
  2. Choose the account you want to apply for and complete your application.

To change to a different account type or to switch into your existing account: 

  1. Choose the account you wish to change or switch, click 'Account details'. Then choose either the 'Switch to us form' or review the section 'Want to change to a different type of current account?' to begin your application. 
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Log in now

Forgotten your Digital Banking Details?

If you've forgotten your log in details, don't worry, select 'Reset my Digital Banking' for further instructions. 

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Reset Digital Banking details

How to download and apply via the app

First, download the app:

  1. On your mobile or tablet, open the camera and point your device at the QR code.
  2. Follow the link that pops up to download the app.
  3. Use your details to log in and follow the below. 

To open a new account:

  1. Once logged in to the app, choose 'Apply' and then current accounts. 
  2. Then choose what type of account you would like to open.

To change to a different account type or to switch into your existing account: 

  1. Click into the account you wish to change or switch, then select 'Change my account type' or 'Switch my account' to begin your application. 

Can't scan the QR code?

Available on selected devices.

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Download app