Credit Union Account
For those providing a springboard for people to move into mainstream banking we have designed a package of banking services specifically for community credit unions.
-
Credit interest is not paid as standard on a Credit Union Account.
We do not charge a monthly account fee for day to day business banking on this account. We charge you for specific payment services. Additional service rates and charges can be found in the brochures below.
-
Make sure you understand the small print.
Financial Services Compensation Scheme
Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Due to FSCS eligibility criteria not all business customers will be covered.
*We do not charge for day-to-day banking on our Credit Union Account, however charges for CHAPS, International Payments and other service charges apply. Free day-to-day banking applies if you continue to meet our eligibility criteria, which means you must be a registered Credit Union. Information on other service charges that apply can be found in the relevant charges brochure.