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Royalties Cheque
Much more than an ordinary sterling current account
What can a Royalties Cheque account do for you? Easy access to your funds, plus a host of benefits to suit your lifestyle.
Banking - special offshore rates, tiered interest and the convenience you need.
Insurance - travel insurance as standard, including winter sports.
Lifestyle - discounts at leading stores, plus lifestyle management service.
Travel - discounted 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 - 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 designed savings and overdraft rates.
Insurance benefits
- Family travel insurance - with Royalties Cheque, cover is automatic. You, your partner and your children are insured automatically if you are a Royalties Cheque customer at the time of booking and travel. You're even covered for winter sports.
- Car rentals - nobody enjoys paying for loss and damage waiver insurance. That's why it's included with this account. Simply hire a car for holiday use away from your country of residence, and you're covered for up to 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're here for you.
- 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.
Lifestyle benefits
- 24 hour concierge - from a mechanic to a one-off anniversary gift, you'll find what you are looking for.
- Shopping - take advantage of discounts at home and overseas.
- Restaurants - save with our discounted restaurant and ticket booking service.
Travel benefits
- Holidays - travel and hotel discounts.
- Car hire - discounted car hire booking through selected companies.
- Airport lounges - 20% off Priority Pass™ membership, to give you access to over 350 airport VIP lounges in over 200 cities and 70 countries.
- Lost luggage help - retrieval service with personal luggage could help reunite you with your possessions.
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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