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

Ready to apply?

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

Current Account Switch Service

We can move everything for you.

  • Transfer all payments for at least the next three years
  • Transfer any outstanding credit or debit balance
  • Arrange to close your previous account

Transfer of Payment Arrangement Service

We can move individual payments and balances for you.

  • Transfer specific payments from at least the next three years
  • Transfer any outstanding credit or debit balance
  • Choose whether or not to arrange to close your previous account


To switch you business account, you should:

  • have annual business turnover between £0-3 million
  • require the account for business use
  • be a sole trader, partner or director and be aged 18 or over
  • 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


  • 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.

    Terms and conditions

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.

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.