Royal Bank of Scotland is offering a cash incentive to any new and existing customers who switch their main current account.
This offer is available until April 21, 2022, at 5pm.
New customers can apply to switch to a Select or Reward account, while existing customers can switch to the latter options or Reward Silver, Reward Platinum or Reward Black accounts.
And if you’re looking to save some money, Royal Bank can help with the launch of a new feature called Round Ups.
Every time you spend on your debit card it is rounded up to the nearest pound and the change is put into your savings account.
On average customers could have an extra £120 in savings over a year. You can activate this in your banking app.
The Reward account gives customers £4 per month for two Direct Debits and an additional £1 for logging onto online banking. With a monthly fee of £2, this equates to an additional £36 per year for customers.
Got an ‘HMRC’ email about a refund? It’s a scam. #TakeFive and:
— Royal Bank (@RBS_Help) January 31, 2022
- don’t click on links or download attachments
- report the email to phishing@hmrc.gov.uk
- only contact HMRC on a legit email or number.
You can also benefit from regular retailer cashback offers.
The Select account has no monthly fee and is rated five stars, the highest rating possible from Defaqto.
Allan Hardie of the Royal Bank of Scotland said: “We are welcoming new customers with our latest incentive so they too can benefit from our award-winning mobile app and Digital Regular Saver account paying 3% interest which is now even easier to save into using our Round Ups feature.”
How to get the RBS switcher offer
An account can be opened on the Royal Bank of Scotland website or by downloading the RBS mobile app.
To get the switcher offer, you must use the Current Account Switch Service, close their existing account and transfer their main current account to Royal Bank by 5pm April 21, 2022.
Customers must pay in £1250 to the account and log into online or mobile banking through the Royal Bank mobile app before May 26, 2022.
There is no requirement for customers to qualify for an overdraft to be eligible for the offer.
After all these conditions are met, £150 will be credited to the account by June 24, 2022.
Customers must be 18 or over and have not received a switcher offer from the NatWest Group for opening a new current account and switching after October 2017.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article