Business Current Account

Simple business banking for new and established businesses

Whether you’re starting out or already trading, we have a simple Business Current Account to support your ambition – with dedicated business support when you need it.

  • Treasurers' Account

    • manage your account online and by phone
    • Free day-to-day business banking* for companies and organisations with a turnover of less than £50,000 a year, as long as the account remains in credit
    • get ongoing support and guidance
    • open a Treasurers’ Account quickly and easily, with no minimum amount required
    • withdraw funds as and when needed, without the need to give notice
    • arrange to have a second signatory on the account
    • easily set up direct debits and standing orders using Internet Banking
    • Monitor funds regularly with free monthly statements
    • get free presentation cheques to use when making a large donation or awarding a major prize.

Account for new businesses

For new businesses with a turnover up to £3 million, our Business Current Account includes:

  • 18 months' free day-to-day business banking*
  • Simple pricing and free electronic payments
  • Business support available by phone, in branch or through online guides

Switching to Bank of Scotland

Switch to us for a simple Business Current Account that lets you focus on growing your business.

  • Simple pricing and free electronic payments
  • 6 months’ free day-to-day business banking*
  • A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service (CASS)
  • Dedicated support from our UK-based business management team
Current Account Switch Guarantee logo

Service Quality Information for business current accounts

The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here.

Compare our Business Banking products and services

See how our products and support services are rated by UK businesses in an independent survey

Business Banking Insight

Review alternative sources of business finance

What you'll need to open an account

We have worked with other providers of UK business banking accounts to help you prepare by agreeing a basic set of information that we’ll need from you.

 

View business account opening guide on UK Finance web site

 

For organisations such as clubs, societies or charities, the following guide brings you the essential details and documents you will need to open your account.

 

Independent service quality survey results

Business current accounts

 

Published August 2018

As part of a regulatory requirement, an independent survey was conducted to ask customers of the 14 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs).

Overall service quality

We asked customers how likely they would be to recommend their business current account provider to other SMEs.

Ranking
Handelsbanken 84%
Metro Bank 73%
Santander 66%
Barclays 62%
Lloyds Bank 61%
Bank of Scotland 54%

View the full set of results

The requirement to publish the Financial Conduct Authority Service Quality Information for Business current accounts can be found here.

*Free day-to-day business banking includes electronic payments, cheques, cash, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. Free electronic payments include Direct Debits, Standing Orders, Debit Card Transactions, Bank of Scotland/Other Bank ATM Withdrawals, Internet/PhoneBank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits.

 

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Bank of Scotland for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.