Graduate Account - Current Accounts - Royal Financial of Scotland

Graduate bank account

A basic bank account after University

Interest free overdraft up £2,000 for your first year*

Get 50% off your food bill with tastecard

Bank on the move with our mobile app

Get a Visa Debit card


*If you are eligible


Apply online

Graduate bank accounts are available to permanent UK residents only. You must have graduated from a full time course or higher education (lasting 2 years or more) within the last 3 years. This also includes if you have completed training as a nurse. You are also eligible if you have previously held a Royal Financial of Scotland Student bank account.

Benefits of the Graduate bank account

Enjoy extra breathing space with an interest free Arranged Overdraft

Our Graduate account comes with an interest-free Arranged Overdraft to help give you a little bit of flexibiliy with your finances. 

An Arranged Overdraft is an overdraft that we have approved for you and you can borrow up to that limit. This means you can get access to additional money if you ever need it (subject to eligibility, over 18's only).  


And, as this is a graduate bank account it's interest-free if you stay within the Arranged Overdraft limit.


In your 1st year with our Royal Bank Graduate Account, you won't have to pay interest on arranged balances up to £2,000.


In your 2nd year the amount of overdraft you can use interest free will reduce so you will start paying interest on any amount borrowed over the 'interest free amount'. 

More about Graduate Overdrafts

Bank easily with our mobile app!

Our mobile app is designed to be simple and straightforward to use so you can manage your money on the move. You can check your balance, recent transactions and pay friends or family quickly and easily.

Enjoy features like:

  • Fingerprint login on your iPhone, iPad or Android phone.
  • Check your balance when you are out and about.
  • You can easily pay someone new! Using your app, you can pay anyone up to £250 with just their account number and sort code*. 
  • Withdraw cash without a card using your app. Our 'Get Cash' function allows you to withdraw up to £130 of your own money. You must have at least £10 available funds to withdraw form your account.

* You must have the available funds in your account (including overdraft). There is a maximum of 5 payments totallying £250 per day, separate from Get Cash and daily withdrawls limits. The payee details will not be saved. You will need to be aged 16 and over. 


Our mobile app is available to most smartphones, to Royal Bank customers with Online banking and a UK mobile number.


More about our mobile app

50% off your food bill at selected restaurants across the UK 

Enjoy 2 for 1 meals or 50% off your food bill at thousands of restaurants across the UK with our free membership to 'tastecard'.

All you need to do is register your Royal Bank Graduate Account for Online Banking and paperless statements in order to receive the tastecard membership once your account is opened.


  • Some restaurants may exclude tastecard use on Friday or Saturday evenings, Mother's Day, Father's Day, Valentine's Day, the whole of December and potentially other 'event' type days.
  • Where restaurants offer 50% off they may limit the number of people; where restaurants offer 2 for 1 this does not include side dishes or extras. 
  • Some restaurants require the customer to book prior to arriving at restaurants.

Apply online
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