Commercial Foreign Currency Account

If you regularly pay or receive foreign currencies, we offer an efficient way of managing your international trade.

Ready to apply?

To apply for a Foreign Currency Account, please speak to your dedicated Relationship Manager.

Features and benefits

  • Choose from a wide range of foreign currencies including EUR & USD
  • Simplify the payment and receipt of foreign currencies
  • Helps to manage exposure to exchange rate movements
  • Minimises foreign exchange costs
  • Transfer money from a Sterling business account to your Foreign Currency Account
  • Chequebook available in most major currencies
  • Overdraft facilities available in most major currencies¹
  • Simple application process and no minimum balance required

Eligibility

To apply for a Commercial Foreign Currency Account, you should:

  • already hold a Sterling business account with Bank of Scotland
  • have annual business turnover between £3-25 million
  • be a sole trader, or a partner or director of the business
  • be over the age of 18
  • require the account for business use
  • Account

    Maintenance fee

    Account

    Euro Current Account

    Maintenance fee

    £24 per year (fee taken in two instalments of £12 charged either in March/September or April/October)2

    Account

    Foreign Currency Account

    Maintenance fee

    £60 per year (fee taken in two instalments of £30 charged in March/September or April/October)2

    2The application of the account maintenance fee will depend on the currency of the account being debited. If the fee is being debited from a related GBP sterling account, it will be charged in March and September. If the fee is being debited from the Euro Currency Account, it will be charged in April and October.

    For clients with a turnover over £0-3m

    Further information on interest rates can be accessed here

    For clients with a turnover over £3-25m

    Further information on interest rates can be accessed here

  • Make sure you understand the small print.

    Terms and conditions

Ready to apply?

To apply for a Foreign Currency Account, please speak to your dedicated Relationship Manager.

Talk to our specialists

If you are a new customer to Bank of Scotland you will need to open a Sterling business account with us in order to open a Foreign Currency Account. If you are a new customer, please call us.

We are available 9am to 5pm Monday to Friday.

Call 0345 606 0286click to call

¹All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT. All enquiries for Foreign Currency Account will be referred to a specialist manager who will provide more information about charges for these services upon request.