Treasurer’s Account

If you represent a non-profit organisation then let us take the hassle out of your banking so that you can spend your time on what matters most.

Please note, new customers cannot open a Business Current Account to access the Recovery Loan Scheme. To be eligible for the Recovery Loan Scheme you must be an existing Bank of Scotland business customer for a minimum of 12 months.

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To be eligible for the Recovery Loan Scheme you must be an existing Bank of Scotland business customer for a minimum of 12 months.

Take a look at our Coronavirus help page for other useful resources and answers for frequently asked questions.

Charities

If you are a charity (either registered or unregistered) or parish council, please call us to apply for or switch to a Treasurer’s Account.
 

0345 606 0286click to call
Current Account Switch Service

Switching to a Treasurer's Account

Get a guaranteed switch in 7 working days from when your account is opened using the Current Account Switch Service.

Features and benefits

  • Free day-to-day banking1 as long as you’re in credit
  • Additional signatory access and presentation cheques available
  • Withdraw funds as and when needed, without the need to give notice
  • 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 Treasurer’s Account, you should:

  • be a non-profit organisation
  • require the account for business use
  • be a sole trader, partner or director and be aged 18 or over
  • have annual business turnover under £50,000 (for organisations with a turnover above £50,000, please see our Business Account for new businesses)

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.

Accounting software

Business Finance Assistant is an online accountancy package that integrates easily with your business accounts, including accounts with other providers.

Try it free for 3 monthsTry it free for 3 months

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.

Additional options

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.