Travel account is an offering allowing customers to open and link a holiday spending pot to an eligible Royal Bank of Scotland current account. This in turn allows customers to use the same debit card they'd normally use while abroad in a euro or US dollar zone, without having to pay any transaction fees. Travel account can be managed in app or through online banking.
You can link a free Travel account to your current account, which you can top up with euros or US dollars, in the app or through online banking, by exchanging pounds from your linked current account. You can then use your same debit card to spend in your currency abroad without transaction fees from us.
You can also withdraw 200 euro or US dollar from ATMs without fees every 30 days (you can still take out more than this, but we’ll charge a fee. Local ATMs may also charge their own fees). You can exchange your currency back to pounds at any time in your mobile app or online banking.
Yes, you can. If you’re making transactions in the euro currency and you have enough funds in your euro Travel account to cover the full amount, you can use your Travel account.
Remember, when using your debit card at an ATM or card machine, you must choose to pay in local currency (euro), not pounds, to use your Travel account. You may also be asked if you’d like to ‘Accept or Decline’ an exchange rate or conversion. You need to ‘Decline’ in order to use your Travel account.
Yes, you can. If you’re making transactions in the US dollar currency and you have enough funds in your US dollar Travel account to cover the full amount, you can use your Travel account.
Remember, when using your debit card at an ATM or card machine, you must choose to pay in local currency (dollars), not pounds, to use your Travel account. You may also be asked if you’d like to ‘Accept or Decline’ an exchange rate or conversion. You need to ‘Decline’ in order to use your Travel account.
Your Travel account is linked to your main current account and uses the same debit card. This means when you're abroad you don't need to worry about an additional card or PIN number. If there is enough money in your Travel account, any spending in your chosen currency using your debit card will be taken from your Travel account and you won't pay any fees or charges from us.
Travel account works with your bank account's existing physical or virtual debits cards. You can also use a digital wallet, like Apple Pay or Google Pay, to spend from a Travel account.
Every 30 days, you can also take out €200 or $200 in cash from ATMs before we’ll charge a fee. Local ATMs may charge their own fees however, so watch out for those.
For online spending, if you make an eCommerce transaction in euro or US dollar and you hold enough currency in a Travel account to cover the full transaction, we'll take the money from your Travel account. If the currency is in pounds, we'll take the money from your regular current account.
At the moment, Travel accounts are only available for the euro and US dollar currencies. If you have a Travel account that holds enough funds, any transaction you make in that currency, regardless of the country you’re in, will debit your Travel account.
For online spending, if you make an eCommerce transaction in euro or US dollar and you hold enough currency in a Travel account to cover the full transaction, we'll take the money from your Travel account. If the currency is in pounds, we'll take the money from your regular current account.
You cannot currently use Travel account for any other currencies. We apologise for any inconvenience.
No, you can't receive payments from other bank accounts or standing orders into the Travel account.
No, there is no overdraft feature on a Travel account. If you don't have enough money in your Travel account to cover a payment, the full transaction amount will be taken from your linked current account in pounds and you may be charged a non-sterling transaction fee.
If you don't have enough money in your linked current account to cover the payment, the transaction will decline.
Not at all. You can keep your Travel account open for as long as you like and use it to help you budget your money for future trips.
You don't receive any interest on funds within your Travel account.
Yes, they can. You can download a PDF of the terms and conditions during the opening journey which you can print yourself, and you can also request paper copies of statements and T&Cs from the website.
No, Travel accounts can only be linked to eligible sole current accounts. We apologise for any inconvenience caused.
When transferring money to the Travel account, you'll be shown our latest available exchange rate to agree to before confirming your exchange. If you wish to know the exchange rate of a particular transfer once it’s been made, you can find this in the 'Details' section of the transaction on your mobile app.
Yes, if you have an eligible current account, you can use a Travel account with either a Mastercard or Visa debit card.
Yes. You can use any virtual cards that are linked to your current account to spend from your Travel account in the same way as your physical debit card.
Cora can help with a wide range of queries and show you how to do your banking.
