Switch your 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
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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
£7.00
Electronic payments (in or out)
Free
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)
£0.85
Credit in
£0.85
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If anything goes wrong with the switch, as soon as we are told we will refund any interest or charges you have incurred on your old or new account as a result of a delay caused by us. This does not cover changes or interest resulting from required tasks you or your old bank do not complete.
Current Account Switch Guarantee (PDF, 38kb)
Current Account Switcher Guide (PDF, 41kb)
Make sure you understand the small print.
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.
1Applies to small businesses, including individuals setting up their first business bank account. 12 months’ free day-to-day business banking for customers when switching from a business account held elsewhere. 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.