School Bank Account

Designed for state-funded schools and academies based on the things that we know are important to you.

Opening a School Bank Account

Opening a School Bank Account

If you’re an academy, multi-academy trust or state-funded school, complete an enquiry form to apply for a School Bank Account.

Send an enquiry form

Features and benefits

  • Free day-to-day banking*
  • Sector specialists on hand to support you
  • Monthly interest paid on your business account 
  • No charges for returning cheques recalled by the payer’s bank

Am I eligible?

To apply for a School Bank Account, you will:

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 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.

*We do not charge for day-to-day banking on our School Bank 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 state-funded school or academy. Information on other service charges that apply can be found in the relevant charges brochure.