Back to main menu
Search
Search
Overlay
Premier Bank Accounts

Open a Premier Reward account

You could get our £175 Switch offer with our Premier Reward account. T&Cs apply.

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.

Switch to us and you could get up to £175

You could get £125 when you apply online or via our app to switch your current account held elsewhere into an  Premier Select or Premier Reward account using the Current Account Switch Service and an extra £50 if you open a Digital Regular Saver.

phone £125

1. Switch to us

Don't have a current account with us?  

Simply open an  Premier Select or Premier Reward account and  your bank account to us using the Current Account Switch Service.

Information Message

phone clock

2. Within 60 days of switching

Pay in £1,250

This can be made of multiple payments and must remain in the account for 24 hours.

 

Log in to our mobile app

This can be done on any device that supports the Royal Bank mobile banking app.

Information Message

3. You're all set

When you've met these conditions, we'll pay £125 into your  account within 30 days, provided that your stays open. 

Information Message

Piggy bank £50

Fancy an extra £50?

Here's how it works:

Open a Digital Regular Saver (DRS) within 60 days of completing your switch to us.  Once you receive your £125, we'll then add another £50 to your DRS within 30 days.

Total earned? £175!

Information Message

Information Message

Premier and specific account eligibility criteria & conditions apply. Monthly account fees may apply. Offers can be withdrawn or amended at any time due to limited availability. Offers T&Cs and restrictions apply.  You are not eligible for these offers if you already have a current account with Royal Bank, if you're switching a current account from NatWest Group (NatWest or Ulster Bank NI), or if you've received a switch incentive from NatWest Group before.

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.

£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.

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

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

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 Premier branded 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.

How to apply online

Have ID ready

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

Open in new window

Start your application

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

Open in new window

How long will it take?

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

Open in new window

Get ready to apply

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  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