Full product details for the RBS Royalties Private current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
An interest free overdraft limit of £500 is available.
Standard Overdraft Rate
14.89%
The authorised overdraft EAR is 14.89%.
Headline Interest Rate
0.6%
The headline interest rate is 0.60% AER.
Reward Payment
£0
No reward payment payable.
Minimum Investment
£0
There is no minimum investment to open this account, however interest is earned from £1.
Internet Banking
yes
Branch Banking
yes
This account can be operated through a branch.
Telephone Banking
yes
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.
Account Promotions
yes
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Minimum Contract Term
0 months
Not applicable.
Minimum Age
18 years
The minimum age is 18 years.
Maximum Age
Unlimited
There is no maximum age limit.
Minimum Income
£75,000
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 Investment
£0
There is no minimum investment to open this account, however interest is earned from £1.
Maximum Investment
Unlimited
The maximum investment is unlimited.
Student Bank Account
no
This is not a student bank account.
Graduate Bank Account
no
This is not a graduate bank account.
Area Restrictions
none
There are no area restrictions that apply to this account.
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