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Premier Bank Accounts

Open a Premier Select account

Premier eligibility criteria apply. To get this account you must be 18+ and a UK resident.

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.

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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.

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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. 

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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!

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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 Offers can be withdrawn or amended at any time due to limited availability.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.

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 purchase outside the UK or in a foreign currency. Other local fees may apply.

Everyday banking tasks made easier with our mobile banking app. Criteria applies. Contactless debit card.

Arranged overdraft with £500 interest-free buffer available after your Premier account is open (subject to status).

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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.

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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.

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 open an account online

Have ID ready

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

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Start your application

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

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How long will it take?

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

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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

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

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