Start-up and small business account

We do everything we can to make your first months in business as easy as possible. That’s why we give you 12 months free day-to-day business banking1.

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.

Ready to apply?

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

We're sorry

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.

Switching business accounts

We’ve taken the difficult decision to temporarily stop accepting business account applications from customers looking to switch their banking to us.

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

Easy ways to bank with us

  • Access your account your way via online, telephone or mobile app
  • Everyday support through personalised account alerts
  • Designated business management team to help and support your business

Products to help your business grow

  • Range of borrowing and saving products to help you grow
  • International team can help you expand overseas with confidence
  • Accept card payments in person, online or by phone with Cardnet®

Why Bank of Scotland?

  • 12 months free day-to-day banking1
  • Simple pricing plan with free electronic payments
  • Bespoke guides and reports to support your business

Is my business eligible?

To apply for a start up and small business account, you should:

  • have an annual turnover below £3m
  • have simple business banking needs
  • be a sole trader, partner or company director and be aged 18 or over
  • have no existing banking relationship with us, including other entities that are part of your business

Need to know

We have worked with other providers of UK business accounts to help you prepare by agreeing a basic set of information that we’ll need from you. This guide applies to businesses that have a turnover of less than £6.5 million per annum.

UK Finance business account opening guide

Digital Knowhow

Access our free learning platform, workshops and other resources to help your business thrive in a digital world.

View resources
  • When your 12 month free banking period ends, there’s a simple price plan with no charge for electronic payments, including withdrawing cash from a cash machine and paying by debit card.

    Monthly account fee


    Electronic payments (in or out)


    Cash payments (in or out)
    The first £1500 per month.

    £1 per £100

    Cash payments  (in or out)
    Anything over £1500 per month.

    £0.90 per £100

    Cheques (in or out)


    Credit in


    Estimate how much your current account could cost you with our calculator.

  • Make sure you understand the small print.

    Terms and conditions

Current Account Switch Guarantee logo

Switch your business account

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

More about switching
FSCS 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.

Independent service quality survey results

Business current accounts


Published August 2021

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 14 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs2). 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.


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.

1Applies to small businesses, including individuals setting up their first business bank account. Free day-to-day business banking includes electronic payments, cheques, cash, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. Free electronic payments include 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.