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Royal bank of Scotland Reviews

Your transactions will be put into spending categories in the app to give you a detailed view of where your money is being spent each month.

5.5 /10
Based on 779 reviews
#6 of 9 current account providers
  • Sentiment Score: 9.2/10
  • 779 reviews found on websites such as TrustPilot
  • RBS's Select Account is ideal for day-to-day current account. Benefits include:

Price Band

£ £ £ £ £

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  • Rated 4.17/5 by Smart Money People
  • Extensive range of current account available
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Lisette Ann Davidson
Cover Purchased
i Reviewed without invitation
Reviewed the Service experience on 10 Nov 2020

Banking On You!

I like my Bank of Scotland Current Account as it is easy to access at all times and the customer service is very reasonable. I often recommend them to other people as they really are open and tran…

What other current accounts do they offer?

Alongside their Select Current Account, RBS also offers accounts that might be better tailored to your personal needs.

RBS Rewards

For a £2 monthly fee, you can have an RBS current account that comes with extra benefits. To be eligible, you must be 18 or older and a UK resident. You also need to pay at least £1,250 into your account each month. Benefits include:

  • £4 a month back in Rewards for 2 or more Direct Debits (that are at least £2 each)
  • £1 a month back in Rewards with 1 mobile app login
  • Spend at their retail partners to get 1% back in Rewards

RBS Rewards Silver

For £10 a month, you’ll get all the benefits listed above, plus:

  • Travel insurance for European trips
  • Mobile phone insurance
  • Cinema discount and a tastecard
  • Fee-free debit card purchase abroad

RBS Reward Platinum

For a £20 monthly fee, you’ll get all the benefits of RBS’ Rewards account, Rewards Silver account, plus:

  • Worldwide travel insurance
  • UK breakdown cover
  • Discounts on holidays booked with Platinum Travel Service
  • Two free UK airport lounge passes with each Platinum Travel Service holiday booking

RBS Child & Teen Bank Account – Revolve

This account is designed to help those aged 11-18 get a head start on money management. There’s no monthly fee and it includes:

  • Access to the mobile banking app
  • A Contactless Visa Debit Card

RBS Student Bank Account

A current account that’s tailored to students. To be eligible, you must be at least 17 years old, live in the UK, be a full-time undergraduate student on at least a 2 year course at a UK university or college or you must be completing a full-time postgraduate/nursing course lasting a year or more. You can only apply within 6 months of your course start date. To be eligible for an overdraft, you need to be 18 or older and have lived in the UK for 3 or more years. This account is free for UK students and £10 a month for international students. Perks include:

  • Interest-free overdraft up to £2,000 (£500 in the first term), subject to approval
  • Choice of 3 great offers; a tastecard, Amazon offer or National Express Coachcard
  • Bank anytime, anywhere with the RBS mobile app

RBS Foundation Account

If you’re applying for one of RBS’ current accounts, you may be offered their Foundation Account if they think it’s more suitable for you. You can’t apply for it directly. It’s banking in its simplest form and is designed to help you manage your money. There’s no monthly fee and it comes with:

  • Access to the mobile banking app
  • A Visa Debit Card (contactless not available)

RBS Premier Accounts

RBS also offers Premier banking, offering enhanced accounts, insurance cover, access to products that help you grow and protect your wealth, special offers, plus RBS’s Premier Banking team will be on hand when you need them. To be eligible for RBS’s premier services, you must be 18 or older, live in the UK and meet one of the following criteria:

  • Have a minimum £100k sole income or £120k joint income paid into your RBS account
  • Have a minimum £500k mortgage borrowing with RBS
  • Have a minimum £100k savings or investments held with RBS

They offer three Premier Accounts:

RBS Premier Select Account

  • No monthly fee
  • Round the clock help, over the phone or online
  • One to one support for more complex financial

RBS Premier Reward

  • £2 monthly fee
  • £9 a month back in Rewards for 2 Direct Debits (need to be at least £4.50 each)
  • £1 a month back in rewards when you log in via the app
  • Spend at their retail partners to get 1% back in Rewards
  • Convert Rewards into money by transferring it into your NatWest account

RBS Premier Reward Black

  • £31 a month
  • Worldwide travel insurance
  • 24/7 Black Concierge Service and cinema discount valid at over 250 UK cinemas
  • UK & European breakdown cover
  • Home Emergency Service
  • £9 a month back in Rewards for 2 Direct Debits (need to be at least £4.50 each)
  • £1 a month back in rewards when you log in via the app

Can I have more than one RBS current account?

Yes, you can open as many RBS current accounts as you like. However, you should always check out the competition and you need to be wary of opening multiple accounts just to benefit from features such as overdrafts.


How do I open a current account with RBS?

You can open an RBS current account either online or by visiting your local branch. During the application, you’ll be asked to provide details about your job and address etc. You’ll also need to provide proof of your identity and address. Once they’ve received and accepted your application, you’ll be sent your new debit card in the post. You’ll be able to start using online banking instantly.


What overdraft options do RBS offer?

Like most banks, RBS offers both arranged and unarranged overdrafts. You can apply for an arranged overdraft, which allows you to go overdrawn on your account up to an agreed limit. A full credit check will be run to determine your eligibility. You might be accepted for an unarranged overdraft if you don’t have sufficient funds in your account to make a payment or access to an arranged overdraft. RBS charges interest on both types of overdraft. And going into an unarranged overdraft can lead to payments being rejected.


How much does an overdraft cost?

Representative example
A variable representative rate of 39.49% APR
A variable interest rate of 39.49% EAR
Based on borrowing £1,200

As an example, if you were to borrow £500, the interest cost would be £3.24 for 7 days, £13.87 for 30 days, £28.13 for 60 days.


Does RBS have a mobile app?

Yes. RBS’s mobile app makes everyday banking easier. Highlights of the Royal Bank app include:

  • Safe and secure – safely login to your account with fingerprint or facial recognition.
  • Quick – it’s the quickest way to view your transactions and balance.
  • Easy – pay friends and family with account details, mobile numbers or saved payees.