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Fees and charges
Learn all about our main fees and charges.
If you want to use a service not covered here, we’ll let you know before you are charged.
We’ll also let you know if we make any changes to our fees or charges.
Banking charges
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Different fees are taken from your account at different times. For example, regular fees like monthly account fees will come out of your account at the end of your monthly billing period.This is usually from the second of each month to the first of the next month, but it can vary.
If you’d like to check what your monthly billing period is, please visit us in branch or call us.
There are some charges that are made at the time we provide you with the service, for example, when you use your debit card outside the UK.
Other charges, such as daily arranged overdraft interest, are worked out and charged at the end of each day that you use your arranged overdraft.
If you change an account or service that has a regular fee attached to it, such as a Monthly Account fee, part way through your billing period, you’ll only pay for the time you’ve actually had it.
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To check what type of current account you have please see your statement, visit us in branch or call us.
Current account charges Type of current account
Monthly Fees
Main benefits
Type of current account
Classic, Under 19s and Basic Accounts
Monthly Fees
Free
Main benefits
- Free banking for everyday transactions when you are in credit.
Type of current account
Student
Monthly Fees
Free
Main benefits
- Interest-free tiered arranged overdraft available (subject to application and approval).
Type of current account
Graduate
Monthly Fees
Free
Main benefits
- Interest-free tiered arranged overdraft available (subject to application and approval).
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We use a range of third party insurance providers for the benefits on these accounts (conditions and exclusions apply). For further details please see the full policy documents.
Accounts with extras Type of current account
Monthly Fees
Main benefits
Type of current account
Silver
Monthly Fees
£11.50
Main benefits
An account that gives you everyday banking plus a range of benefits including:
- AA Breakdown Family cover with Roadside Assistance
- Mobile Phone Insurance
- European Travel Insurance for you and your family including winter sports cover. All cover stops on the account holder’s 65th birthday
- No debit card fees from us at home or abroad
Type of current account
Platinum
Monthly Fees
£22.50
Main benefits
An account that gives you everyday banking plus a range of benefits including:
- AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
- Mobile Phone Insurance
- Worldwide Travel Insurance for you and your family including winter sports cover. All cover stops on the account holder’s 80th birthday
- No debit card fees from us at home or abroad
Debit card and Cashpoint® card charges
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Debit card and Cashpoint card charges When you withdraw cash in the UK (whether at an ATM or over the counter)
Charges
When you withdraw cash in the UK (whether at an ATM or over the counter)
Using your debit card or Cashpoint® card at a Bank of Scotland Cashpoint® machine or branch in the UK.
Charges
Free
When you withdraw cash in the UK (whether at an ATM or over the counter)
Using your debit card at a non-Bank of Scotland Cashpoint® machine or non Bank of Scotland branch in the UK.
Charges
Bank of Scotland does not make a charge but the owner of the machine may. If so, the machine will show you the amount and tell you that it will be taken from your account when you withdraw the cash.
Debit card and Cashpoint card charges When you use your debit card to purchase foreign currency or travellers cheques in the UK
Charges
When you use your debit card to purchase foreign currency or travellers cheques in the UK
From Bank of Scotland branches.
Charges
Foreign currency and Pounds: No charge
When you use your debit card to purchase foreign currency or travellers cheques in the UK
From any other banks, travel agents, bureaux de change and outlets displaying the Visa sign.
Charges
Bank of Scotland does not make a charge but the provider of foreign currency or travellers cheques may make a charge.
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Debit card and Cashpoint card charges Withdrawing cash in a currency other than pounds, or withdrawing pounds outside the UK (at a cash machine or over the counter)
Charges
Withdrawing cash in a currency other than pounds, or withdrawing pounds outside the UK (at a cash machine or over the counter)
Using your Bank of Scotland debit card or Cashpoint card.
Charges
View information on our fees and charges.
Silver, Gold, Platinum, Premier and Ultimate Reward current accounts: We won't charge our debit card fees when you use your debit card for these accounts at home or abroad.
We also won’t charge these fees in relation to other current accounts you hold, for your selected weeks if you have Travel Smart added to the account.
Debit card and Cashpoint card charges When you use your debit card to make a purchase or other transaction (not cash withdrawal or foreign currency purchase) in a currency other than pounds whether you are in or outside the UK
Charges
When you use your debit card to make a purchase or other transaction (not cash withdrawal or foreign currency purchase) in a currency other than pounds whether you are in or outside the UK
Using your Bank of Scotland debit card.
Charges
View information on our fees and charges.
Silver, Gold, Platinum, Premier and Ultimate Reward current accounts: We won't charge our debit card fees when you use your debit card for these accounts at home or abroad.
We also won’t charge these fees in relation to other current accounts you hold, for your selected weeks if you have Travel Smart added to the account.
Other services
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Other services Service
Charges
Service
If you ask us to stop a cheque
Charges
No fee
Service
Returned cheque — If a cheque you pay into your account is returned to us unpaid by another bank or branch
Charges
Free
Service
Statements — We will send you regular account statements which are free of charge
Charges
Free
Service
Duplicate statements
Charges
Free
Service
Banker’s draft/cheque (pounds)
Charges
No fee
Service
CHAPS Payment — when you transfer cleared money to accounts held at any other bank on the same day, to arrive the same day. This will include an advice to the person you are paying when the payment reaches their bank
Charges
£25
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Other services Payments and deposits from outside the UK or in a foreign currency
Charges
Payments and deposits from outside the UK or in a foreign currency
Sending money outside the UK or in a foreign currency
Charges
View information on our fees and charges to send money outside the UK or in a foreign currency.
Payments and deposits from outside the UK or in a foreign currency
Electronic payments received from outside the UK or in a foreign currency
Charges
View information on our fees and charges to receive money from outside the UK or in a foreign currency.
Payments and deposits from outside the UK or in a foreign currency
Foreign Cheques
Charges
No fee
Payments and deposits from outside the UK or in a foreign currency
Notice of Default Sums
Charges
1. What is a default sum?
A default sum is a charge incurred on your account for any activity which breaks the conditions of your account. The most common reasons for incurring a default sum include:
- Exceeding your agreed card spending limit
- Missing your minimum payment date / amount
- Returned payments
2. How will I be notified about default sums?
Any incurred default sums will show on your statement under the heading 'Notice of Default Sums'
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Cheque Imaging has been fully introduced for all banks in the UK, enabling quicker and more convenient ways of depositing cheques, such as via the Mobile Banking app. This is because instead of exchanging physical cheques, banks will exchange digital images of cheques.
A quicker clearing time also means that when you have written a cheque, money will leave your account sooner than it did under the old '2-4-6' clearing process. You should always ensure you have sufficient funds in your account prior to writing a cheque.
Cheque Clearing
The table below explains what happens while the cheque is being ‘cleared’ (collected from the other bank).
How the Cheque Imaging process works
If you pay a cheque in pounds into your account on a Monday, you will see it in your account the same day. It counts towards any interest and you can use the money on Tuesday by 11:59pm at the latest.
How the Cheque Imaging process will work Cheque Clearing Process
When will the payment affect any interest or reward payments you get or daily arranged overdraft interest you pay?
When will the payment be available to use?
When can the cheque be returned unpaid?
Cheque Clearing Process
Cheques paid in using the Cheque Imaging process
When will the payment affect any interest or reward payments you get or daily arranged overdraft interest you pay?
By 11.59pm on the working day after we receive the cheque.
When will the payment be available to use?
From 11.59pm on the working day after we receive the cheque, at the latest.
When can the cheque be returned unpaid?
Up to 11.59pm on the working day after we receive the cheque.
Getting started online
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