Your Graduate Account benefits | RBS

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Graduate Account

What you need to know about your Student Account changing to a Graduate Account

Your account after graduation

If you've just graduated, you don't need to do anything. Your Student Account will automatically change to a Graduate Account, and you can continue to use your card, online banking and mobile app as usual.

Prior to the account switch you should receive an email or letter detailing:

- the changes to your account
- the date of the switch

For a summary of these, as well as how to get the most out of your account, see our check list below:

Changes to your account
Fees and charges explained
Make the most of your Graduate Account
Other account options
Changes to your account

Years 1 and 2 after you've graduated

Nothing changes immediately. In the first year after you graduate you will get:

Up to £2,000 interest-free arranged overdraft

Depending on when you opened your Student Account, you will have received a Tastecard or National Express Young Persons Coachcard:

- Tastecard annual membership will automatically renew for another 2 years

- Coachcard will remain valid for a maximum of 4 years, starting from the date you opened your Student Account

In the second year of your Graduate Account, you will benefit from:

Up to £1,000 interest-free arranged overdraft

Depending on when you opened your Student Account, you will have received a Tastecard or National Express Young Persons Coachcard:

    - Tastecard annual membership will automatically renew for another year

    - Coachcard will remain valid for a maximum of 4 years, starting from the date you opened your Student Account

Any arranged overdraft limits over the interest-free threshold will incur fees and charges if used (9.9% EAR). If you do not have an arranged overdraft or go over it, you will be charged £8 per day for unarranged overdrafts of more than £10.

Use our overdraft calculator to see how an Arranged Overdraft can help save you money.  

Find out more about fees and charges

Year 3 and onwards after you've graduated

Two years after you graduate you will automatically move onto a Select Account and your arranged overdraft will no longer be interest-free:

- if you use your arranged overdraft, there is a monthly arranged overdraft usage fee of £6, and you will be charged arranged overdraft interest (19.89% EAR variable)

- if you do not have an arranged overdraft or go over it, you will be charged £8 per day for unarranged overdrafts of more than £10

Find out more about fees and charges


Alternatively, you can choose to get a packaged account, which comes with additional benefits. Packaged accounts start from £12 a month for a Reward Silver Account.

Find out more about our current accounts
Fees and charges explained

Overdraft fees and charges are calculated based on a number of elements, such as your account type, your arranged overdraft limit (including if you have an interest-free arranged overdraft), the amount you are overdrawn and for how long.

Examples of how fees and charges are applied:
Scenario 1:
If you have a Graduate Account with a £2,000 interest-free arranged overdraft, and are overdrawn £2,000, you will pay no fees and charges
Scenario 2:    
If you have a Graduate Account with a £1,000 interest-free arranged overdraft, no other arranged overdraft, and are overdrawn £1,100 for 3 days, you will be charged £24 (£8 per day for unarranged borrowing)
Scenario 3:
If you have a Select Account with a £2,000 arranged overdraft, and are overdrawn £100, you will be charged a £6 arranged overdraft usage fee and interest on overdrawn balance (19.89% AER variable)
Make the most of your Graduate Account with:

If your Student Account came with a Tastecard, it will automatically renew annually for another 2 years.  

If your Student Account came with a Coachcard, this will remain valid for a maximum of 4 years, starting from the date you opened your Student Account.

Girl with mobile phone

App available to Digital Banking customers with a UK or international mobile number in specific countries. 

Banking on the go

Whether you are in a rush or just want to make the most of your downtime, our mobile app lets you stay in touch with your finances at a time that suits you. Plus, beyond checking your balance, it's packed full of features to let you do your day to day banking:

Pay your bills and friends

Set up and manage standing orders

Manage and cancel Direct Debits

Log in using your fingerprint

Find out more about the mobile app
Your documents

These documents give you important information about your account. We may update them from time to time, but we will always show the latest versions here. Please print or save a copy for your records. 

You will need Adobe Reader to view these documents. Get Adobe Reader.

Royal Bank Personal & Private Current Account Terms (PDF, 130KB)
A guide to the Lending Code (PDF, 103KB)
Tastecard T&Cs (PDF, 121KB)
Young Persons Coachcard T&Cs (PDF, 104KB)
Other account options

Your Student Account will automatically switch to a Graduate Account. But if you're looking for an account with added benefits, these start from £12 a month for a Reward Silver Account.

Find out more about our current accounts
Add your signposting title here… Help with your Graduate Account
Add your signposting title here… Tips to support you after graduating

Graduate life

Going on holiday

Managing your money

Get the most from your account
Log in to digital banking
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