School Bank Account

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

Annual turnover between £0-3 million

Opening or switching a School Bank Account

We’ve taken the difficult decision to temporarily stop accepting new or switcher School Bank Account applications to ensure colleagues can continue to provide vital support to existing customers at this unprecedented time. This also applies to any applications that have already started.

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

Annual turnover between £3-25 million

Opening or switching a School Bank Account

If you are a state funded school or academy with an annual business turnover between £3-25 million, please call us to open a new School Bank Account or switch your existing one.

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
  • No charges for returning cheques recalled by the payer’s bank
  • 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 School Bank Account, you should:

  • be a state-funded school or academy (if you are an independent school, please visit our dedicated page)
  • require the account for business use
  • be a sole trader, partner or director and be aged 18 or over

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.

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.