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.

Annual turnover between £0-3 million

Opening a Credit Union Account

If you are a credit union with an annual business turnover between £0-3 million, please call us to apply for a Credit Union Account.

We are available from 9am to 5pm Monday to Friday, except UK bank holidays.

0345 606 0286

 

Switching a Credit Union Account

We’ve taken the difficult decision to temporarily stop accepting Credit Union Account applications from customers looking to switch their banking to us.

This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications for switching at the earliest opportunity. Thank you for your understanding at this time.

Annual turnover between £3-25 million

Opening a Credit Union Account

If you are a credit union with an annual business turnover between £3-25 million, please call us to apply for a Credit Union Account.

We are available from 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except UK bank holidays.

0345 300 1319

 

Switching a Credit Union Account

If you are a credit union with an annual business turnover between £3-25 million, please call us to switch your Credit Union Account.

We are available from 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except UK bank holidays.

0345 300 1319

Features and benefits

  • Free day-to-day banking1 as long as you’re in credit
  • Cheque and paying-in books available with additional signatories
  • Cash deposits credited the same day with immediate access to all cleared funds
  • Access a range of deposit solutions and make the most of you surplus funds
  • Guidance and support from our dedicated Business Management Team
  • View and manage your account however it suits you

Eligibility

To apply for a Credit Union Account, you should:

  • be an approved credit union
  • require the account for business use

Need to know

The following guide brings you the essential details and documents you will need to open your account. This guide applies to businesses that have a turnover of less than £6.5 million per annum.

FSCS Logo

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.

1Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits and don't go overdrawn without agreeing it with us first. Free electronic payments include UK Sterling 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.