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
What is your annual business turnover?

Your projected income generated from the sale of goods or provision of services for the next 12 months, as accurately as possible.

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

I would like to:
 

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

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
What is your annual business turnover?

Your projected income generated from the sale of goods or provision of services for the next 12 months, as accurately as possible.

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

I would like to:
 

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

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..

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.

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Independent service quality survey results

Business current accounts

 

Published August 2022

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

Independent overall service quality survey results for 1st place Starling Bank 83%
Independent overall service quality survey results for 2nd place Monzo 79%
Independent overall service quality survey results for 3rd place Handelsbanken 73%
Independent overall service quality survey results for 4th place Tide 68%
Independent overall service quality survey results for 5th place Metro Bank 64%
Independent overall service quality survey results for 10th place Bank of Scotland 53%

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.