Current Account for New Businesses

Simple banking, dedicated support.

Key Features

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

We do everything we can to make your first months in business as easy as possible. You'll get access to a range of support, with help available by phone, in branch or online.

This account is available for businesses with an anticipated turnover of up to £3 million.

Please visit our terms and conditions section to view all charges, terms and conditions and associated information.

  • 18 months free day-to-day business banking*

    When you’re starting your own business, every penny counts. In your first 18 months, you’ll get free banking that includes electronic payments, cheques, cash, deposits and withdrawals.

    All we ask is that you operate your account within agreed limits, for example not going overdrawn without agreement.

    Simple pricing

    When your free banking period ends, there’s a simple price plan with no charge for electronic payments, including withdrawing cash from a cash machine and paying by debit card.

    Monthly account fee1

    £6.50

    Electronic payments (in or out)2

    Free

    Cash payments (in or out)3

    The first £1500 per month.

    £1 per £100

    Cash payments  (in or out)3

    Anything over £1500 per month.

    £0.80 per £100

    Cheques (in or out) 4

    £0.65

    Credit in5

    £0.65

    1 A fixed fee for operating your account.
    2 Includes online, automated and debit card payments.
    3 Cash you pay into or withdraw from your account using our branch counter or deposit machine. We don’t charge for ATM withdrawals.
    4 Cheques you pay into or withdraw from your account
    Credit in is a fee charged when paying in a credit of any combination of cheques or cash at the branch counter or depositpointTM. We do not charge a credit in fee when you use an Immediate Deposit Machine or Night Safe.

  • Your account comes with some quick and convenient ways to manage your business finances:

    • Internet Banking – gives you a secure way to access and manage your accounts 24 hours a day, including making payments and transfers
    • Telephone Banking – lets you look after your day-to-day banking by speaking to one of our business management team or using our round the clock automated service.
    • Mobile Banking and Text Alerts – register to keep track of your accounts while you’re on the move.
    • In branch – our branch staff are always happy to help with your day-to-day banking.
  • You’ll have access to Business KnowledgeBox, our collection of online guides and reports on everything from financial planning and legal issues to understanding your customers. Written by industry experts, download instantly or receive them by email.

    Watch our video to find out how Business KnowledgeBox could support your business.

    Bos Business Knowledgebox

    Support to run and grow your business

    We have some great product offers designed for new businesses:

    • We offer all kinds of financial support, from business loans and hire purchase to overdrafts, invoice finance and charge cards. We approve 8 out of 10 lending applications**.
    • If you are a Payment Service Provider, find out how you can qualify for Indirect Payment System Access.
    • Business insurance – leading UK broker Arthur J Gallagher searches a wide range of insurers to find the right cover for the right price. Our customers can choose to benefit from a 2-year fixed premium with selected insurers.
    • Cardnet® allows you to accept card payments in person, online or by phone. There is no joining fee, card terminals start at £15 per month and a 1.25% transaction charge (with a minimum £15 monthly charge).
  • Opening a business current account is an important step for any business. To help you prepare, the following guide brings you the essential details and documents you will need to open your account.

    Find out more

  • Online

    Complete our application form and one of our team will be in touch to talk about your application.

    Apply Now

    By phone

    Call 0345 606 0286

    When you apply

    To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over.

*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.

**8 out of 10 relates to loans and overdrafts in the period November 2013 to November 2016.

Cardnet® is a registered trademark of Lloyds Bank plc.

Business Resource Centre

Let us support you. Access our range of online business tools and resources.

Our commitment to Scottish business

We're committed to helping Scottish businesses grow and develop by giving them the support they need – our Business Charter will tell you more.

Business mentoring

Could your business benefit from the support of a business mentor? MentorSME, a free online service, enables you to find local independent mentoring organisations.

Financial Services Compensation Scheme