Corporate Specialist Accounts
Specialist accounts to suit different business needs
Suitable for business activities requiring banking products that adhere to legal, regulatory or operational requirements over and above that of general banking standards. Our dedicated products, developed through client collaboration, are designed to meet these needs.
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Benefits include:
- Immediate access to funds with no penalty
- Interest paid monthly
- Full range of payment options available, from Standing Orders and Direct Debits to CHAPS and Bacs
- Streamlined documentation for easy administration and management of your client’s pension fund bank account
- Free standard account transactions
- Free duplicate statements and cheque book
- Available to all professionals managing HMRC-approved pension schemes, including SSAS, SIPPS and Group Schemes.
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Large project finance arrangements, the securitisation of debt structure or other structured funding arrangements often need the parties involved to appoint a dedicated Account Bank for the required services. Our service provides:
- Account Bank Agreement documentation in line with industry requirements
- Support in arranging the Account Bank Agreement structure in line with your requirements
- Online visibility of your underlying Account Bank Accounts with a range of payment options, including standing orders, Faster Payments and CHAPS
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This account enables you to segregate funds from your trading accounts. Suitable to hold payment transmission funds for FCA regulated Payments / Electronic Money Institutes. Like Client Accounts, funds are protected in line with regulatory obligations
Interest calculated and paid daily.
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Pledged Accounts can apply to any lending structure in any sector where the 3rd party takes security in the form of a charge against a named account held with Us, requiring you to request that We waive Our right of set off on the balances and recognise the 3rd party’s claim should you default on your obligations to the 3rd party change holder.
- Instant access to funds: as long as cleared funds are available.
- The accounts will continue to run in line with your existing Current Account product Terms and Conditions and mandate unless we are notified of your default.
- In the event that we are notified of your default, Pledged Accounts have the functionality to allow the 3rd party charge holder to take control of the funds* (subject to Know Your Customer compliance meeting the Bank’s standards).
- 3rd party and Client are able to view Pledged Accounts via Our online digital channel, as long as both parties are set up via client approval.
*Please note, until the point you default, you will have the sole right to amend account level mandate set up and payment approvals as you will remain the Primary Administrator.
Read the Bank of Scotland Pledged Account Factsheet (PDF, 152KB)
Corporate Sterling Account Product & Services Terms and Conditions (PDF, 1.6MB) (Pledged Account)
Aimed specifically at insolvency practitioners and backed by a dedicated client banking relationship team with in-depth experience of the sector, our Insolvency Account offers:
- Immediate access to funds with no penalty
- Full range of payment options available, from standing orders and Direct Debits to CHAPS and Bacs
- Streamlined documentation for easy administration and management of your client accounts
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