Business Current Account
Tailor the tools and support you need for your business
We’ve taken the difficult decision to temporarily stop accepting new business account applications to ensure colleagues can continue to provide vital support to existing customers at this unprecedented time. This also applies to any applications that have already started.
This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll either contact you to continue your application, or reinstate the ability to accept new account applications at the earliest opportunity. Thank you for your understanding at this time.
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..
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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:
- 12 months’ free day-to-day³ business banking¹
- 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
- 12 months’ free day-to-day³ business banking²
- A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service
- Dedicated support from our UK-based business management team
¹ Applies to small businesses, including individuals setting up their first business bank account.
² Twelve months’ free day-to-day business banking for customers when switching from a business account held elsewhere.
³ 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.
Due to FSCS eligibility criteria not all business customers will be covered.
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.