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Royalties Cheque Account
Looking after your money
and your life
Want more from your bank account? The Royalties Cheque account comes with annual family travel insurance, holiday discounts and much more.
Banking
- special rates, tiered interest and easy access to your funds.
Insurance
- family travel insurance as standard.
Lifestyle
- take control with our lifestyle management service.
Travel
- money off holidays, hotels and more.
The monthly fee for the Royalties Cheque account is £9.
Banking benefits
- Easy access - the convenience of a cheque book and debit card, plus telephone and online banking.
- Credit cards - you can apply for a Gold or Classic Visa credit card, subject to status.
- Earn interest - tiered rates ensure that the more you save, the more you earn.
- Preferential rates - you could enjoy specially negotiated savings and overdraft rates.
Insurance benefits
- Family travel insurance - you, your partner and your children are insured automatically - even for winter sports from your point of departure, including the Channel Islands and Isle of Man.
- Car rentals - loss and damage waiver insurance included - up to $80,000 per vehicle. Simply hire a car for holiday use away from your country of residence, and stay within the maximum period of 31 days.
- Emergency assistance legal cover - wherever you are, help is at hand. Need emergency cash or replacement documents? From medical treatment to legal advice, we can help.
- Lump sum personal accident cover - this policy could make lump sum payments if you, your partner or your children experience an accident.
- Purchase protection - cover for many of the goods you buy with your RBS International debit or credit card.
- Home insurance - save 25% in the first year.
Lifestyle benefits
- 24 hour concierge - from a reputable joiner to a one-off christening gift, you'll find what you're looking for.
- Shopping - enjoy discounts at selected stores.
- Restaurants - discounted restaurant bills and a ticket booking service.
Travel benefits
- Holidays - travel and hotel discounts.
- Airport lounges - 20% off Priority Pass membership, to give you access to over 350 airport VIP lounges in over 200 cities and 70 countries.
Interest rates
Interest you earn when in credit (Creditor Interest Rates)
| Amount | Gross rate % | AER % |
|---|---|---|
| £25,000 + | 1.25 | 1.26 |
| £10,000 - £24,999 | 1.25 | 1.26 |
| £5,000 - £9,999 | 0.75 | 0.75 |
| £0 - £4,999 | 0.50 | 0.50 |
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.
Effective Annual Rate of Interest (EAR)
This is the real annual cost of an overdraft stated as annual rate which takes into account how often interest is charged to the account. All other charges, for example arrangement fees, are shown separately from the EAR.
back to topUnarranged overdraft rates
Any amount overdrawn in excess of the arranged overdraft limit will be charged at a rate of 2.2% per month, which is equivalent to an Effective Annual Rate of 29.84% pa
back to topCharges
There are a number of ancillary services available to you. The most common of these are listed with their costs. These charges are in respect of personal banking. Also listed are services which we may have to perform for you.
| Charges for Borrowing | |
|---|---|
| To arrange a personal overdraft | Up to £10,000 Free Over £10,000 2% of facility (Min £45) |
| To renew an overdraft at existing level | 1% of facility (Min £45) |
| Charges for additional services | |
|---|---|
| Stopping a cheque (except for lost /stolen cheques) | £10 |
| Special presentation of a cheque | £15 |
| Bank draft (sterling) | £10 |
| Copies of paid cheques including providing details of paid cheques | £5 per cheque (max £150) |
| Duplicate statement/historic copy | £5 per request |
| Certificate of balance or interest | No charge |
| CHAPS Payment (Same Day Value Payment) | £23 |
| Charges for Unarranged Borrowing | |
|---|---|
| Unarranged overdraft - maintenance charge. If you borrow more than your agreed overdraft limit you will be liable for a maintenance charge applied monthly 16 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 is normally in line with the date that we send your statement to you | £28 per month (£10 per month for R21 customers) |
| Paid referral fee - Payable when you informally request an overdraft by issuing a payment instruction on your account where there are either insufficient funds or insufficient unused agreed overdraft facility to meet the payment and we in our discretion make payment which results in or increases an unarranged overdraft. The fee will be applied on the 6th business day of the following month and the account will be debited on that date | £30 for any day on which a paid referral(s) occurs (max £90 per month) |
| Letter to inform you of an unarranged overdraft | Free |
| Unpaid Item fee - Payable when a cheque, Standing Order or Direct Debit is not paid due to their being insufficient funds available in your account | £38 |
| Guaranteed card payment fee - Payable when you informally request an overdraft by making a payment supported by cheque guarantee or Maestro where there are insufficient funds or insufficient unused agreed overdraft facility to meet the payment. When your account is overdrawn in excess of any agreed overdraft limit, a maintenance charge will also be applied. | £35 per item |
| Default Notice Charge | £30 each |
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