Bank of Scotland two-person icon

Ready to apply?

In order for us to point you in the right direction we need to ask you a few questions.

Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon

Sorry we only provide banking services to businesses operating within the UK

Bank of Scotland two-person icon

Business Current Account enquiry

One of our team members will contact you to discuss how we can support your business.

Start enquiry form

Bank of Scotland two-person icon
Bank of Scotland two-person icon

If you’re an existing client looking to open an additional business current account for the same legal entity, please log in and apply. For other enquiries and support, please contact your dedicated relationship managerIf you have a dedicated relationship manager you will have a direct number for one of our team members. Otherwise please visit our contact us page to get in touch..

Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon

Sorry we only provide banking services to businesses operating within the UK

Bank of Scotland two-person icon

Business Current Account enquiry

One of our team members will contact you to discuss how we can support your business.

Start enquiry form

Bank of Scotland two-person icon
Bank of Scotland two-person icon

Specialist support for your business needs

  • Manage your account online, over the phone or through our extensive branch network.
  • Enjoy expert support from your dedicated relationship manager.
  • Access financial support, including business loans, asset finance, overdrafts, invoice finance and credit cards.
  • Access a range of savings and deposit accounts.
  • Choose the tariff that best meets your business needs.

Please take some time to read the product terms and conditions.

Rates and charges

Business Extra Tariff

With this tariff, you’ll be charged for each transaction. If you plan to use a mix of cash, cheque and electronic payments, this may be the more cost-effective option.

Electronic Business Tariff

With this tariff, you’ll only be charged for in-branch transactions. If most of your transactions will be electronic, this may be the more cost-effective option.

Who can apply

What you need to know before applying

To apply, you:

  • should have an annual turnover between £3 million and £25 million
  • may need lending over £250,000 and access to a broader range of products
  • require the account for business use.

 

If your annual turnover is below £3 million, please see our account for smaller businesses.

This type of account is suitable for:

  • new Bank of Scotland business customers; for example, if you’re looking to switch your banking relationship
  • existing Bank of Scotland business customers; for example, if you’d like to open a secondary account or establish a new legal entity within an existing group.

 

We've worked with other providers of UK business banking accounts to help you prepare the information we’ll need from you.

UK Finance business account opening guide

Switching to us is easy


We'll

  • arrange for your old bank to close your previous account and transfer any credit balance to your new Bank of Scotland account
  • transfer all incoming and outgoing payments within the seven-working-day guarantee
  • redirect all payments to and from your old account to your new account for at least three years
  • refund you for any interest or charges incurred on your old or new account as a result of an unlikely delay caused by us.

Current Account Switch Guarantee (PDF, 65KB)

Current Account Switch Guide (PDF, 71KB)

How to apply

Bank of Scotland two-person icon

Ready to apply?

In order for us to point you in the right direction we need to ask you a few questions.

Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon

Sorry we only provide banking services to businesses operating within the UK

Bank of Scotland two-person icon

Business Current Account enquiry

One of our team members will contact you to discuss how we can support your business.

Start enquiry form

Bank of Scotland two-person icon
Bank of Scotland two-person icon

If you’re an existing client looking to open an additional business current account for the same legal entity, please log in and apply. For other enquiries and support, please contact your dedicated relationship managerIf you have a dedicated relationship manager you will have a direct number for one of our team members. Otherwise please visit our contact us page to get in touch..

Bank of Scotland two-person icon
Bank of Scotland two-person icon
Bank of Scotland two-person icon

Sorry we only provide banking services to businesses operating within the UK

Bank of Scotland two-person icon

Business Current Account enquiry

One of our team members will contact you to discuss how we can support your business.

Start enquiry form

Bank of Scotland two-person icon
Bank of Scotland two-person icon

Or talk to one of our specialists by calling 0345 300 1319.

We're available Monday to Friday from 7am to 8pm and Saturday from 9am to 2pm, except on UK bank holidays.

Existing customers

Do you already have an account?

If you’re already a Bank of Scotland business customer and looking to open an additional business current account for the same legal entity, please log in and apply. For other enquiries and support, please contact your relationship managerIf you have a dedicated relationship manager you will have a direct number for one of our team members. Otherwise please visit our contact us page to get in touch..

Have you charged the funds in your account to a 3rd party?

Pledged Accounts can apply to any lending structure in any sector where the 3rd party takes security in the form of a charge against a named account held with Us, requiring you to request that We waive Our right of set off on the balances and recognise the 3rd party’s claim should you default on your obligations to the 3rd party charge holder. 

  • Instant access to funds: as long as cleared funds are available.
  • The accounts will continue to run in line with your existing Current Account product Terms and Conditions and mandate unless we are notified of your default.
  • In the event that we are notified of your default, Pledged Accounts have the functionality to allow the 3rd party charge holder to take control of the funds† (subject to Know Your Customer compliance meeting the Bank’s standards).
  • 3rd party and Client are able to view Pledged Accounts via Our online digital channel, as long as both parties are set up via Our client.

†Please note, until the point you default, you will have the sole right to amend account level mandate set up and payment approvals as you will remain the Primary Administrator.

Read the Bank of Scotland Pledged Account Factsheet (PDF, 152KB)

Terms around pledging the funds in your Current Account are governed by the Commercial Current Account Terms found in Product Terms and Conditions.

Further resources

Financial Services Compensation Scheme

Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Due to eligibility criteria, not all business customers will be covered.

Grow your digital skills online

Take part in our free lessons and workshops to help your business thrive in a digital world.

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Independent service quality survey results

Business current accounts

 

Published February 2024

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 15 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). The results represent the view of customers who took part in the survey.

Overall service quality

We asked customers how likely they would be to recommend their business current account provider to other SMEs.

*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).

Ranking

Business current accounts Overall service quality survey results. Ranking 1st place monzo 84%, 2nd place Starling Bank 83%, equal 3rd place Tide 74%, equal 3rd place Handelsbanken 74%, 5th place Metro Bank 65%, 9th place Bank of Scotland 54%

View the full set of results

The requirement to publish the Financial Conduct Authority Service Quality Information for Business current accounts can be found here.