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.

How to open a Credit Union Account

How to open a Credit Union Account

Complete an enquiry form to apply for a Credit Union Account.

Send an enquiry form

Features and benefits

  • Free day-to-day banking*
    If you’re eligible for an account, you won’t pay a monthly fee*
  • 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

Am I eligible?

To apply for a Credit Union Account, you will:

  • Be an approved credit union
  • Use the account for business only

Please see our Terms and Conditions for other important information.

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.


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 apply a specialist tariff on our Credit Union Account. Our specialist tariff is provided free of charge, however charges for CHAPS, International Payments, Online Channels and other service charges apply.