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Royalties International
Royalties International
All new accounts are now opened in the NatWest brand. We are certain you will find NatWest ideally placed to look after your banking needs but would like to apologise for the inconvenience caused.
Control all of your global currencies with one bank account, and enjoy benefits to match your international lifestyle.
Royalties International is available to individuals aged 18 or over who are resident in the Channel Islands, Isle of Man or the UK.
Annual account fee is £150.00.
Travel insurance: annual family worldwide cover
You, your partner and your dependant children can now travel with complete peace of mind. The built in family travel insurance offers comprehensive cover when travelling and even includes winter sports cover.
Wherever you are in the world, an emergency rescue service is just a telephone call away, ready to provide you with advice and assistance. Day or night, they can help you access emergency cash, replace documents, find medical treatment, obtain legal advice or provide whatever else you require.
For full details of your insurance policy please download the Insurance Policy Document (PDF, 453KB).
Car rental loss damage waiver
Car rental loss damage waiver insurance gives you added security and will save you money every time you hire a car abroad. Cover includes loss or damage waiver, with a limit of $80,000 per vehicle, and damage by an uninsured or underinsured motorist. All countries are included, though there’s a maximum rental period of 31 days.
Purchase protection
Every time you purchase a product with a card linked to your Royalties International account, as long as the item is not covered by another insurance it will be covered against breakages, loss, or theft. Conditions apply.
For full conditions of cover, please refer to the Insurance benefits guide (PDF, 453KB).
Concierge service and discounts
Helping you to get the most from your time, from booking a holiday, organising theatre tickets or enjoying local shopping discounts.
24/7 Concierge service
Imagine having your very own personal 24/7 concierge service helping you make the most of your valuable free time. Our lifestyle concierge service makes life better for our members, no matter where they are in the world. They organise anything that you lack the time, expertise or contacts to plan yourselves. It sounds too good to be true but that’s just what you get with the comprehensive range of Royalties International lifestyle benefits.
RBS International has teamed up with Ten, one of Europe’s leading lifestyle management companies to bring Royalties International customers 24 hour lifestyle management plus some fantastic local offers. All these benefits are available from your dedicated lifestyle member’s website www.lifestyle-benefits.com.
Local shopping discounts
We offer specially negotiated discounts at your favourite local stores in the Channel Islands and the Isle of Man.
For further information on these discounts, Royalties International customers should visit the Ten website, www.lifestyle-benefits.com and select the 'Lifestyle Benefits' tab.
Travel insurance: annual family worldwide cover
You, your partner and your dependant children are insured automatically – even for winter sports from your point of departure, including the Channel Islands and Isle of Man.
For full details of your insurance policy please download the Insurance Policy Document (PDF, 453KB).
Airport lounge access
Royalties International customers get 20% off the standard membership fees to Priority Pass™. This provides access to over 450 airport VIP lounges in over 245 cities and 80 countries worldwide.
Luggage retrieval
In addition to your lifestyle membership card you will receive two luggage tags, when travelling these should be placed on your baggage. Should your baggage go missing whilst checked-in with an airline, all you need to do is tell the airline, then contact Ten with the details the airline provides to you, Ten will then locate and organise for the safe return of the baggage.
Simply open a Royalties Cheque account at no extra cost.
Everyday banking including:
- Easy access – the convenience of a cheque book and debit card, plus telephone and Digital banking
- Access to our money market Fixed Term Deposit
- Free financial reviews
- Relationship manager – committed to helping you quickly and easily. Subject to status.
Preferential rates
When you need to borrow money, an overdraft facility of up to £10,000* (with no arrangement fee) is available and has preferred rates of interest. Personal loans can be tailored to your exact requirements and come with special discounted rates for Royalties customers. *Subject to status
Earn interest
Tiered rates ensure that the more you save, the more you earn.
Credit Cards
Royalties International customers can apply for a Platinum Credit card, subject to status.
We’re committed to helping you get the most out of your account – which includes making you aware of the charges and rates of interest that apply to your account.
All charges and rates shown are correct as at 15 October 2012 and may change. The interest rates shown have been rounded to two decimal places.
Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our website terms and conditions.
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
Annual Equivalent Rate (AER)
This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Effective Annual Rate of Interest (EAR)
This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
Gross Rate
This means the interest rate you are paid before the deduction of income tax.
Nominal Rate
The rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
p.a.
per annum (per year).
Services you can receive without separate charge
As long as you stay in credit, you can receive the following services without any separate charge being made:
- Payments by debit card in the UK, cheque, Direct Debit or standing order.
- Sterling transactions using your debit card or ATM card in any RBS International, NatWest, Isle of Man Bank or Royal Bank of Scotland cash machines, or almost all other UK cash machines. There are some cash machines in the UK and abroad where the owner of the machine may charge a fee. You will be advised on the screen about any charges before you withdraw cash. You can then stop the transaction if you do not want to be charged.
- Account statements (but a charge is made for copies).
- Cheque books, paying-in books and statement holders.
- Telephone and online banking – apart from the cost of the phone call and any charges your Internet Service Provider may charge you for accessing the service.
- Use of our counter services. There may be additional fees if we have to make special arrangements or provide specialist services.
Interest rates
Interest you earn when in credit (Creditor Interest Rates)
| Sterling rates | ||
|---|---|---|
| Amount | Gross rate % | AER% (variable) |
| £1,000,000 plus | 0.25 | 0.25 |
| £750,000 - £999,999 | 0.10 | 0.10 |
| £500,000 - £749,999 | 0.10 | 0.10 |
| £250,000 - £499,999 | 0.10 | 0.10 |
| £100,000 - £249,999 | 0.10 | 0.10 |
| £50,000 - £99,999 | 0.10 | 0.10 |
| £25,000 - £49,999 | 0.10 | 0.10 |
| £10,000 - £24,999 | 0.10 | 0.10 |
| £2,000 - £9,999 | 0.10 | 0.10 |
| £0 - £1,999 | 0.10 | 0.10 |
| US Dollar rates | ||
|---|---|---|
| Amount | Gross rate % | AER% (variable) |
| $1,000,000 plus | 0.15 | 0.15 |
| $750,000 - $999,999 | 0.10 | 0.10 |
| $500,000 - $749,999 | 0.10 | 0.10 |
| $250,000 - $499,999 | 0.05 | 0.05 |
| $100,000 - $249,999 | 0.05 | 0.05 |
| $50,000 - $99,999 | 0.05 | 0.05 |
| $25,000 - $49,999 | 0.05 | 0.05 |
| $10,000 - $24,999 | 0.05 | 0.05 |
| $2,000 - $9,999 | 0.05 | 0.05 |
| $0 - $1,999 | 0.05 | 0.05 |
| Euro rates | ||
|---|---|---|
| Amount | Gross rate % | AER% (variable) |
| €1,000,000 plus | 0.25 | 0.25 |
| €750,000 - €999,999 | 0.15 | 0.15 |
| €500,000 - €749,999 | 0.10 | 0.10 |
| €250,000 - €499,999 | 0.10 | 0.10 |
| €100,000 - €249,999 | 0.10 | 0.10 |
| €50,000 - €99,999 | 0.10 | 0.10 |
| €25,000 - €49,999 | 0.10 | 0.10 |
| €10,000 - €24,999 | 0.10 | 0.10 |
| €2,000 - €9,999 | 0.10 | 0.10 |
| €0 - €1,999 | 0.10 | 0.10 |
The rates are effective from 15 October 2012.
Application of interest
Interest is calculated on a daily basis and paid into your account monthly, usually the day after we send your statement to you.
Gross rate
Gross rate - is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER)
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
back to topUnarranged overdraft rates
Unarranged Overdrafts will be charged for each day on which there is an unarranged overdraft of greater than £6 on your account at close of business on that day. £6 for each day for which an Unarranged Overdraft Fee is payable.
back to topAccount fees
The following monthly account fees are payable by Royalties customers. Membership includes access to all the benefits listed in the appropriate brochures and user guides. These also contain details of other fees and services.
| Type of current account | Account fee |
|---|---|
| Royalties International | £150.00 per year will be payable from your Royalties International account. |
| Royalties Cheque | £12.00 per month will be payable from your Royalties Cheque account. |
Application of monthly account fees
The account fee for each monthly charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The fee will appear on your statement as ‘CHG’. The charging period normally ends on the date that we issue your statement to you.
Charges
For Royalties Cheque, Current Account, Personal Current Account & Gold Cheque
The charges shown in this section do not normally apply to the other accounts we offer to Personal Banking customers. However, we sometimes allow other accounts to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, the charges listed below under the heading “Unarranged overdrafts and returned items – charges” will apply.
Changes to charges
From time to time we may alter the charges set out in this leaflet. If we increase a charge, we will notify you personally not less than 60 days before the change comes into effect.
Arranged overdrafts - arrangement and renewal fees
| Account type | Fee payable |
|---|---|
| Royalties Cheque | |
| Arranged overdrafts up to and including £10,000 | No fee |
| Arranged overdrafts over £10,000 | 2% (minimum £45) |
| Renew an overdraft at the existing level | 1% (minimum £45) |
| Current Account & Gold Cheque | |
| Arranged overdrafts up to and including £10,000 | No fee |
| Arranged overdrafts over £100 | 2% (minimum £45) |
| Renew an overdraft at the existing level | 1% (minimum £45) |
| Personal Current Account (no longer available) | |
| Arranged overdrafts over £100 | 2% (minimum £45) |
| Renew an overdraft at the existing level | 1% (minimum £45) |
Unarranged overdrafts, unpaid items and enforcement charges
| Fee type | When charged | Fee amount |
|---|---|---|
| Unarranged Overdraft Fee | ||
| An Unarranged Overdraft Fee will be charged for each day on which there is an unarranged overdraft of greater than £6 on your account at close of business on that day.
Please note: we will only charge an Unarranged Overdraft Fee for a non-business day (i.e. a Saturday, Sunday or Bank Holiday) if there is an unarranged overdraft of greater than £6 owing on your account at close of business on the next business day. | 21 days after the end of the charging period (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £6 for each day for which an Unarranged Overdraft Fee is payable. |
| Returned Item Fee | ||
A Returned Item Fee will be charged if:
| 21 days after the end of the charging period in which we decide not to make the payment (or the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £6 for each returned item (subject to a maximum of £60 in any charging period). |
| Making an informal request for an unarranged overdraft means you will normally have to pay a Returned Item Fee and/or an Unarranged Overdraft Fee. Please note that it is possible to incur both a Returned Item Fee and an Unarranged Overdraft Fee on your account on the same day or as a result of a single transaction (for example, where we take a Returned Item Fee from your account and this creates an unarranged overdraft of greater than £6 on your account). | ||
| Enforcement Charges | ||
| A Default Notice Fee will be payable if we need to serve a default notice on you (for example, if you fail to repay your overdraft on demand or we wish to enforce any security we hold). This is in addition to any other charges that may apply. | Within four days of the Default Notice being served. | £30 per notice |
Premium Cheque withdrawal charges
The first 10 withdrawals per quarter are free (including all deposits). All withdrawals thereafter are charged at 50p. This charge is taken quarterly when we send your statements.
back to topAdditional services
| Fee type | Fee amount | |
|---|---|---|
| Stopping payment instructions | ||
| Stopping a cheque (unless it has been lost or stolen) | £10 | |
| Payments | ||
| Obtaining a sundry payments cheque | £12 | |
| Obtaining a special cheque clearance | £15 | |
| CHAPS payments | £23 | |
| Obtaining copies of statements | £5 per request | |
| Certificate of debit interest | No fee | |
| Certificate of credit interest | £10 | |
| Tailored loan arrangement fee | 2% of amount borrowed (minimum fee £100) | |
| International payments | ||
| Including currency transfers in the UK currency inward collections | 0.3% (minimum fee £23, maximum fee £40) plus £10 agents charge where applicable | |
| Inward payments from overseas | ||
| Depending on payment instructions these charges may be for the beneficiary or remitter | Up to £100 - no charge Over £100 - £7.50 plus agents charges where applicable | |
| Foreign cheques | ||
| Cheques drawn at foreign banks in local currency are usually negotiated | Negotiation 0.25% (minimum fee £7, maximum fee £45) | |
| The Bank reserves the right to obtain proceeds on a collection basis where appropriate | Collection 0.25% (minimum fee £20, maximum fee £70) | |
| Foreign draft | £40 | |
| Outward / Inward payment investigations | ||
| Within 6 months of payment release 6 - 12 months from payment release Over 12 months from payment release | Up to £25 per item Up to £50 per item Up to £100 per item | |
| ibanking plus payments | ||
| CHAPS reduced tariff | £15 per item | |
| ibanking plus international payments | ||
| £5,000 or less Over £5,000 | £15 0.3% (maximum £40) | |
| Currency notes and travellers cheques | ||
|---|---|---|
| To buy currency notes and travellers cheques | ||
| Currency notes | 0% commission | |
| Currency travellers cheques | 0% commission | |
| Sterling travellers cheques (Fee free for Royalties Banking customers) | 1% of value (min £3, max £50) | |
| To cash in currency notes and travellers cheques | ||
| Currency notes | 0% commission | |
| Currency travellers cheques | 0% commission | |
| Sterling travellers cheques | 0% commission | |
| Currency notes paid into or withdrawn from a currency account | ||||
|---|---|---|---|---|
| Country | Commission rate | Commission rate | Commission rate | |
| USA | US $25,000 and under
1% of value (min $10) | US $25,001 to US $100,000 0.5% of value | Over US $100,000 Contact us for details | |
| Euro | €25,000 and under 1% of value (min €10) | €25,001 to €100,000 0.5% of value | Over €100,000 Contact us for details | |
| All other currencies | £25,000 and under 1% of value (min £5) | £25,001 to £100,000 0.5% of value | Over £100,000 Contact us for details | |
back to top
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