School Bank Account
Designed for state-funded schools and academies based on the things that we know are important to you.
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.
1 Free day-to-day business banking applies if you continue to meet our eligibility criteria. This means you have to be a state funded school or academy. We apply a specialist tariff on our School Bank Account. Our specialist tariff is provided free of charge, however charges for CHAPS, International Payments, Online Channels and other service charges apply. Information on other service charges that apply can be found in the relevant charges brochure.