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New Deposit Account Registration

It takes about 10-15 minutes to complete the form. Once we receive it, we’ll carry out due diligence checks on your business and then contact you by email or phone if we require any further information to move it forward. Once all checks are complete, we’ll be in touch to discuss product options and applicable interest rates.

Eligibility for deposit accounts

You can register for Deposit Accounts using this form if you meet the following criteria:

  • You have a requirement to deposit funds in GBP (rather than a foreign currency).
  • Your business is not an existing Bank of Scotland customer.
  • Annual business turnover is £3-£25m.
  • Your business trading address, registered address and associated parties residential address is in the UK.
  • Your account will not be used to hold Client Monies / funds belonging to a third party.
  • You are over the age of 18.
  • You are authorised to act on behalf of the business.

If your turnover is over £25m, your business trades outside the UK, or you need to set up a deposit account in foreign currency, please contact us at BCBMarketManagers@lloydsbanking.com where we will be happy to discuss your requirements.

Sorry we are not able to proceed with your registration using this form.

If you wish to discuss further, please get in touch with our team at BCBMarketManagers@lloydsbanking.com.

If you need to set up a deposit account in foreign currency, please contact your relationship manager directly or our team at BCBMarketManagers@lloydsbanking.com.

How we'll use your personal information

Your personal information will be held by Bank of Scotland, part of Lloyds Banking Group and shared within the Group and with other companies that provide services to us so that we can look after your relationship with us. 

We may also share your personal information with credit reference agencies (CRAs) and fraud prevention agencies. We do this to assess creditworthiness and product suitability, check your identity, manage your account, trace and recover debts and prevent criminal activity including fraud and money-laundering. If fraud is detected, you could be refused certain services, finance or employment. 

If you want to find out more about how we process your personal information, please read our full privacy notice.

Need help?

If you need any help with your registration, please get in touch with your contact at Bank of Scotland, or email our team at BCBMarketManagers@lloydsbanking.com. 

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Please make sure you have this information to hand before you proceed with the rest of the registration form:

  • Your contact details
  • Details of the business (including incorporation details, address and nature of business)
  • Details of your Nominated Account.

Tell us about you

 

We will use the email address or contact number provided, should we need to contact you about the registration or your ongoing requirements.

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Tell us about your business

 

What is the registered address of your business / organisation?

 

Enter address manually

Registered address:

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Enter address manually

Trading address:

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Tell us more about your business

 

If your business or organisation does not have a registration number, please type “Not Applicable”.
If your business or organisation is not incorporated, please leave blank.
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Month
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Describe your business / organisation

 

Here is an example of an answer: "We import household electronic goods such as televisions, laptops and digital radios from China and supply to local retailers."
What does this mean?

Active income is money that businesses earn from a trade or profession, by producing or selling goods, or providing services. Examples include restaurants, hairdressers, builders, dry cleaners, estate agents, legal and accountancy firms.

Passive income in money that businesses earn from things like rental properties, royalties, copyright, investments and dividends.

Assets that generate active income are assets owned by a business that generate money for that business. For example, a factory used to manufacture goods sold by the business.

This includes:

  • selling goods or services
  • paying for goods or services
  • imports or exports
  • earning money from or paying for premises.

 

Please let us know which countries your business / organisation activity takes place in.

 

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  • Belarus
  • Crimea (Including Sevastopol)
  • Cuba
  • Iran
  • North Korea
  • Russia
  • Sudan (note South Sudan is a separate country)
  • Syria
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Tell us about which products you are interested in

 

More information

Fixed Term Deposit Account

Notice Account

Product Terms for Deposit Accounts

Please download and read the following documents, and confirm below:

Fixed Term Deposit Account

Notice Account

Financial Services Compensation Scheme Information Sheet (PDF, 52KB)

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Managing your deposits

Please confirm you understand and are happy with the following statement:

Any Deposit Accounts that you decide to open will not be available via online banking. You can manage these via your Relationship Manager (who will be allocated to you) or through our Treasury Team on 0345 604 5539.

Your Nominated Account

Please advise which account you would like to be your Nominated Account. This is the account at your existing Bank that you would like to use for transfers from / to any deposits that you hold with us. It must be in the same business name as your deposit (for example, it can't be an account belonging to another business).

Later in the process, as part of our Due Diligence checks, we need to ask you for a copy of a bank statement for this account. 

 

  • I am happy to proceed with registering for Deposit Accounts and for the relevant due diligence checks to be completed
  • I have read and understood all declarations within this form and the details I have given are correct
  • I am authorised to register on behalf of the business
  • I am happy to be contacted about this registration.
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