RBS Royalties Private
Compare the RBS Royalties Private with the UK's best current accounts, including application criteria, incentives, facilities, overdraft, rates and fee & charges.
 |  Compare RBS Royalties Private details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | Royal Bank of Scotland www.rbs.co.uk | ||
| Product: | Royalties Private | ||
| Apply via this site: | Not available | ||
| Application Criteria | |||
 Minimum income: | To be eligible to open this account the customer must have a minimum income of more than £75,000 per year or a joint income of more than £100,000 per year or have savings of over £50,000 with RBS or be an existing Private Banking customer. | ||
| Minimum Monthly Credit: | There is no minimum monthly credit required. | ||
| Minimum Investment: | There is no minimum investment to open this account, however interest is earned from £1. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Age: | The minimum age is 18 years. | ||
| Maximum Age: | Unlimited | ||
| Existing Customer Only: | No. | ||
| Area Restrictions: | There are no area restrictions that apply to this account. | ||
| Transfer Assistance: | Transfer assistance is available. Upon receipt of the customer's signature, RBS will arrange the rest. They will set up all Direct Debits and standing orders, arrange the transfer of any salary/pension payments and close the existing bank account after regular payments have been confirmed and set up. They will also ensure the transfer is completed at no inconvenience to the customer. | ||
| Incentives | |||
| Account Promotions: | Additional benefits available: Lifestyle Services Relationship Manager. Personal Travel Adviser Travel Inclusive worldwide multi-trip family travel insurance 10% discount on selected holidays and flights Discounted hotel booking with up to 60% savings UK and worldwide executive airport lounge access Commission-free travel money Complimentary car rental upgrade - guaranteed upgrade plus a 10% discount on rental price when booked through the customer's Personal Travel Adviser Entertainment 25% discount on tickets for selected shows, plays, concerts, comedy shows, exhibitions and other events booked through Royalties Member Services. Insurance Inclusive protection against loss or theft of any registered debit or credit card with one phone call Inclusive £50,000 Accidental Death Insurance An extra two years warranty on electrical goods when they are purchased in full, in one transaction, using a Royal Bank credit, debit or cheque guarantee card Mobile phone insurance - cover for up to four phones in a household up to original value of £450 per phone and protection against loss, theft, accidental damage, breakdown or unauthorised phone calls Technology Related Protection - cover available for iPods, laptops and other gadgets. More than one item can be registered up to the combined value of £1,000. Identity theft protection - up to £10,000 worth of protection to cover the cost of defending and restoring credit status Home Emergency Service 24-hour helpline plus recommended tradespeople and £500 towards repair costs Banking Exclusive deposit account. Exclusive mortgage deals. Money manager - savings sweep facility. | ||
| Incentive Cashback £: | This incentive is not available with this account. | ||
| Incentive Moneyback: | This incentive is not available with this account. | ||
| Incentive Pref Rate/Deals: | Exclusive deposit account. Exclusive mortgage deals. | ||
| Incentive Disc/Vouchers: | 25% discount on tickets for selected shows, plays, concerts, comedy shows, exhibitions and other events booked through Royalties Member Services. 60% discount at thousands of hotels around the world when booked through Royalties Member Services. Complimentary car rental upgrade - guaranteed upgrade plus a 10% discount on rental price when booked through the customer's Personal Travel Adviser. 10% off selected flights, city breaks and other holidays when booked through the Personal Travel Adviser. | ||
| Incentive Breakdown: | This incentive is not available for this account. | ||
| Incentive Protection: | An extra two year's warranty on all domestic electrical goods when purchased using a Royal Bank credit card or debit card. Payment card protection - covers all cards - including non-RBS cards - against loss and theft. | ||
| Incentive Other Insurance: | Technology Related Protection - cover available for iPods, laptops and other gadgets. More than one item can be registered up to the combined value of £1,000. | ||
| Incentive Savings Sweep: | Part of Offset Service, Money Manager will move any excess funds in the current account (defined by the customer) into an Instant Access Savings Account. Also, if the current account balance falls below a desired minimum balance, Money Manager will transfer funds back into the current account, from the savings account. This service allows customers to enjoy the best possible interest rates on their savings, while not allowing their current account to go overdrawn or below a desired balance. | ||
| Incentive Currency: | Commission-free travel money. | ||
| Incentive Other: | Personal Travel Adviser who can assist in many areas of travel. | ||
| Facilities | |||
| Internet Banking: | Internet banking is available. Benefits and features: - Banking wherever the customer has internet access - Internet banking can be accessed at any time of day - so the customer can bank when they want - Check balances - the customer can stay up to date with most RBS accounts and RBS credits through this service - Manage their finances - transfer money, pay bills and set up standing orders - Transfer money between accounts - instantly send money from a Royal Bank of Scotland savings account to a Royal Bank of Scotland current account - Transfer money to other people - send money to a friend's or family member's bank account, anywhere in the UK - Stay organised - view and print statements up to six months old. - Standing orders and Direct Debits - see all the deductions from your account, and even cancel them online - Help available - telephone and e-mail support, available from 8am to midnight, seven days a week | ||
| Branch Banking: | This account can be operated through a branch. | ||
| Telephone Banking: | Free 24 hour telephone banking available, available 365 days of the year. Telephone banking benefits - UK call centres - Fast service - touchtone service available - Free - there are no monthly charges; the customer only pays for the cost of the call - Personal accounts management - customers can access RBS current account, savings and credit card information in one place - Flexible -customerscan transfer between accounts with RBS, pay regular bills, manage direct debits and much more. | ||
| Post Office Banking: | Transactions cannot be made at a Post Office branch. | ||
| Standing Orders: | Standing orders are permitted from this account. | ||
| Direct Debits: | Direct debits are permitted from this account. | ||
| BACS Transfers: | Electronic/telegraphic transfers are permitted from this account. | ||
| CHAPS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| Bill Payment Service: | Bill payments are permitted from this account. | ||
| Statement Frequency: | Statements are issued monthly. | ||
| Min Additional Deposit: | Unlimited | ||
| Minimum Withdrawal: | Unlimited | ||
| Withdrawal Restrictions: | Withdrawal Conditions - None. | ||
| ATM Card: | An ATM card is issued when this account is opened. | ||
| ATM Mini Statements: | ATM mini statements are available. | ||
| Max ATM Withdrawal: | The maximum ATM withdrawal is £300.00. | ||
| Cheque Book: | A cheque book is available. | ||
| Cheque Guarantee Card: | A cheque guarantee card of £250 may be issued subject to status. | ||
| Cheque Clearance Time: | Funds from cheque deposits are usually available two business days after being paid in. | ||
| Debit Card: | A Maestro card is available. | ||
| Debit Card Type: | A Maestro card is available. | ||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Text Messaging Events: | Text messaging events are available. | ||
| Text Mini Statements: | Text message mini statements are available. Customers can also check their account balance and top-up up to 5 different pay-as-you-go mobile phone through this service. | ||
| Travel Ins Winter Sport: | Travel insurance incentive does not include winter sports cover. | ||
| Overdraft | |||
| Overdraft Facility: | Overdrafts are available to customers over the age of 18, subject to status. | ||
| Interest Free O/D Limit: | An interest free overdraft limit of £500 is available. | ||
| Automatic O/D Facility: | No automatic overdraft is set up when this account is opened. | ||
| Overdraft Buffer Limit: | There is no overdraft buffer limit. | ||
| Overdraft Arrangement Fee: | There is no overdraft arrangement fee for overdrafts up to the value of £15,000. Overdrafts in excess of £15,000 will be charged an arrangement fee of 2% of the overdraft limit. This fee is reduced to 1% for overdraft renewals. | ||
| Auth O/D Rate-APR/EAR: | The authorised overdraft EAR is 12.25%. | ||
| Mthly Auth O/D Charge: | There is no monthly authorised overdraft fee. | ||
| Unauth O/D Rate-APR/EAR: | The annual rate charged on unauthorised overdrafts is 29.84% EAR. | ||
| Mthly Unauth O/D Charge: | The monthly maintenance charge for an unauthorised overdraft is £28. | ||
| Overdraft Letter Charge: | There is no charge for an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 0.60% AER. | ||
| Rate Guarantee: | There are no interest rate guarantees. | ||
| Introductory Bonus: | No introductory bonus payable. | ||
| Amount of Bonus: | The bonus amount is 0%. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Non Standard Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 0.25% 0.25% 0.25% £5,000 0.40% 0.40% 0.40% £10,000 0.60% 0.60% 0.60% | ||
| Gross AER - £1/£50: | 0.25% | ||
| Gross AER - £500: | 0.25% | ||
| Gross AER - £1,000: | 0.25% | ||
| Gross AER - £2,500: | 0.25% | ||
| Gross AER - £5,000: | 0.40% | ||
| Gross AER - £10,000: | 0.60% | ||
| Gross AER - £25,000: | 0.60% | ||
| Gross AER - £50,000: | 0.60% | ||
| Gross AER - £100,000: | 0.60% | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Interest on Withdrawal: | Interest is calculated on withdrawn funds until the day the funds are withdrawn. | ||
| Int Added to Account: | Interest can be added to the account. | ||
| Interest Paid by Cheque: | Interest cannot be paid by cheque or warrant. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to a bank or building society account. | ||
| Int Paid to Other A/c: | Interest can be paid to another Royal Bank of Scotland account. | ||
| Int After Cash Deposit: | Interest is calculated on cash deposited into the account from the day it is paid in. | ||
| Int After Cheq Deposit: | Interest is calculated on cheque deposits into the account 2 working days after the cheque has been paid in, providing the cheque is not a cross-border cheque (cheques paid from accounts based in Scotland paid out to accounts based in England, or vice-versa) when interest will be calculated 3 working days after the cheque has been deposited. | ||
| Int After BACS Deposit: | Interest is calculated on BACS deposits from the day they are paid in. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | Unlimited | ||
| Fee & Charges | |||
| Free Banking: | Free banking is not available - there is a monthly subscription for this account. | ||
| Monthly Charge: | The monthly servicing charge is £18.00. | ||
| Standing Order Charge: | There is no charge for payment of a standing order. | ||
| S/O Setting Up Charge: | There is no charge for setting up a standing order. | ||
| S/O Amendment Charge: | There is no charge for amendment of a standing order. | ||
| S/O Cancellation Charge: | There is no charge for cancellation of a standing order. | ||
| Unpaid S/O Charge: | The charge for an unpaid standing order is £38.00. | ||
| Direct Debit Charge: | There is no charge for payment of a direct debit. | ||
| Debit card charge Europe: | Maestro POS transactions incur a fee of £1.25 per transaction. | ||
| D/D Setting Up Charge: | There is no charge for setting up a direct debit. | ||
| D/D Amendment Charge: | There is no charge for amendment of a direct debit. | ||
| D/D Cancellation Charge: | There is no charge for cancellation of a direct debit. | ||
| Unpaid D/D Charge: | The charge for an unpaid direct debit is £38.00. | ||
| CHAPS Charge: | The charge for a CHAPS payment (Same Day Value Payment) is £20. | ||
| Stopped Cheque Charge: | The charge for a stopped cheque is £10. | ||
| Unpaid Cheque Charge: | The charge for an unpaid cheque is £38.00. | ||
| Transaction Charge: | There is no charge is for standard banking transactions on this account. | ||
| Unauth Transaction Fee: | Unarranged borrowing charge - items referred prior to payment (Referral Fees) is £30 per item (max £90 per month). A fee of £35 will be charged for misuse of cheque guarantee card/Maestro card. Payable where the Bank is forced to pay an item which has been supported by cheque guarantee or Maestro although there are insufficient funds in the account. | ||
| ATM Withdrawal Charge: | There is no charge for ATM withdrawals. | ||
| ATM charge Europe: | An extra fee of 2.00% of the Sterling amount (minimum £2, max £5) is charged per ATM withdrawal. | ||
| A/c Transfers Int. Free: | There is no additional interest free overdraft for account transfers. | ||
| Bankers Draft Charge: | The charge for a banker's draft is £10. | ||
| Bankers Reference Charge: | The charge for a banker's reference is £10. | ||
| Copy Cheque Charge: | The charge for a photocopy of a cheque is £5 (maximum £150). | ||
| Duplicate Stat Charge: | The charge for duplicate statements is £5 (max £10) per request. | ||
| Special Clearance Charge: | The charge for special clearance of a cheque is £15. | ||
| Forex fee % Europe: | A Exchange Rate Transaction Fee (ERTF) of 2.75% is chargeable when the bank converts the transaction amount into Sterling. | ||
| Other Charges: | The charge for a Default Notice is £30 each. Charge for Court orders/Legal processes served on the Bank, brought on by a third part against a customer (Scotland only) - £25 minimum. | ||
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| Products: | www.rbs.co.uk Current Accounts | ||
