Premier

Premier Bank Accounts

Open a Premier Reward account

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What you need to join Premier Open in new window

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A Premier account that Rewards you

Why a Premier Reward account?

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I already have a Premier Reward account

To join Premier you'll need to be 18+ and a permanent UK resident and meet one of these criteria:

Income

Mortgage borrowings

Savings or investments

About Rewards

What are Rewards?

What are Rewards? OpenClose

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!

More details about earning Rewards Close

You can also earn 1% back in Rewards when you spend with our partners, such as: Waitrose, Trainline and Booking.com.

Your Reward balance can grow quickly, they're easy to earn and easy to exchange.

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.

How to exchange Rewards Close

As soon as your available Reward balance is the equivalent of £5 or more, you can log in to MyRewards to exchange them here. Keep in mind, if you choose to bank your Rewards it will take up to 5 working days to clear.

More features

Mobile banking app

Our Premier branded mobile banking app is secure and easy to use.

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More information

App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries.

Log in with your fingerprint on selected Apple and Android devices – it’s simple, secure and fast.
Check your balance on the move – you can also keep track of your Rewards balance.
Easily manage your payments and Direct Debits – keep an eye on your Direct Debits and remind yourself what you’ll be earning Rewards on. Limits apply.
Register your travel plans – reduce the chance of your debit card being blocked while you’re abroad. Criteria apply.

More about our Mobile Banking app

£2 monthly fee

A bank account that rewards you.

Alternative bank account options Close

Choose from our range of accounts

Earn £9 a month back in Rewards on 2 Direct Debits - they need to be at least £4.50 each. Plus £1 a month back in Rewards when you log into our mobile app. All for £2 per month.

However we do have other options:

Premier Select

If you simply want to join our Premier service and want a basic bank account to get you started, the Premier Select account may be for you.

Premier Reward Black

With our Reward Black account you can enjoy worldwide family travel insurance, access to over 1,000 international airport lounges with Dragon Pass Premier, 24/7 Concierge Service, UK and European car breakdown cover as well as £9 a month back in Rewards on 2 Direct Debits - they need to be at least £4.50 each and £1 a month back in Rewards when you log into our mobile app.

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

Have ID ready

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Start your application

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How long will it take?

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Switch to Royal Bank

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Get ready to apply

First things first. You can apply if you:

Now please take a look at the important legal stuff

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)

MyRewards Terms (11 pages)

How your information might be used

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

What would you like to do today?

Open a sole Premier Reward account

Open a joint Premier Reward account

Change my existing Royal Bank current account to a Premier Reward account

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

Changing your account to a Premier Reward

You’ll need to change your existing account to a Premier Reward account. To do this, follow the steps below.

Go back to the home screen within Digital Banking.
Select 'Account Details' on the account you wish to change.
Review the section 'Want to change to a different type of current account?'.
Once you know which account to change to, select this to start your application.

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

Digital Banking

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:

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 accounts opening

To get started..

Go back to the home screen within Digital Banking.
Select 'Account Details' on the account you wish to change.
Review the section 'Want to change to a different type of current account?'.
Once you know which account to change to, select this to start your application.

Digital Banking

To get started on your switch..

Go back to the home screen within Digital Banking.
Select 'Account Details' on the account you wish to switch to.
Select the 'Switch to us' form to get started.

Digital Banking