Switch your business account
Switch to us for a simple business account that lets you focus on running your business. We’ll even give you 12 months free day-to-day business banking* and specialist support when you need it.
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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)
Current Account Switcher Guide (PDF)
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.
*Applies to small businesses, including individuals setting up their first business bank account. Free 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. Free electronic payments include UK Sterling Direct Debits, Standing Orders, Debit Card Transactions, Lloyds Bank/Other Bank ATM Withdrawals, Internet/Phonebank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits.