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.
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.