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Premier Bank Accounts

Open a Premier Select account

More than just an everyday bank account

What you'll get with a Premier Select account

No monthly fee.

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

No Non-Sterling Transaction Fee when you make a payment outside the UK or in a foreign currency. Everyday banking tasks made easier with our mobile banking app. Criteria applies. Contactless debit card.

Arranged overdraft with £500 interest-free buffer available (subject to status).

Information Message

To apply, you must be 18+ and a UK resident.

Overdraft: Representative APR: 20.1% (variable). Other charges may apply. How does our overdraft compare? A good way to compare the costs of borrowing is by using the APR, which shows the cost of borrowing over a year.

I already have a Premier Select account

Find out how to set up and use your account.

To join Premier you'll need to be 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

More features

Mobile banking app

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

Expert help, 24/7

Available online or on the phone, when and where you need it.

Contactless debit card

Premier Select comes with a contactless debit card

No monthly fee

A bank account to get you started on your Premier journey.

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.

The overdraft interest rates are changing

From 28th June 2024, the interest rates for Premier Select overdrafts is increasing.

How to open an account online

Have ID ready

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

Start your application

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

How long will it take?

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

Switch to Royal Bank

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the switch to start.

We can not switch savings accounts or ISAs through this service. Any other products you have with your old bank will not be moved at the same time.

Current Account Switch Guarantee (PDF, 39KB)

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

How does the Switch Service work?

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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.


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

The overdraft rates are increasing

From 28th June 2024 the Premier Select interest rates for overdraft rates will increase.

It’s important to review the account to make sure it still meets your needs.

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 Select account, we need to do a few final checks with you. They'll only take a minute.