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Platinum Account
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Enjoy a wide range of money saving benefits with extensive levels of cover and protection worth up to £662* a year – all for £17 a month. |
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Key features and benefits
Introductory offer: Apply or upgrade your existing account and get all the Platinum Account benefits for just £12 a month for the first two full months then the standard monthly fee of £17 per month applies after that.*
| Insurance benefits† | |
| Worldwide and UK Travel Insurance | Worldwide Travel Insurance for your family (45 days per trip), or winter sports cover for you and your partner up to 79 years of age (17 days in any 12 month period). |
| AA Breakdown Cover | Roadside Assistance, Home Start and Relay. |
| Mobile Phone Insurance | Worldwide cover for loss, theft, accidental damage, breakdown and unauthorised calls. |
| Sentinel® Card Protection | Help if your credit, debit or store cards are lost/stolen. One membership covers everyone in your household. |
*We reserve the right to remove introductory pricing offers at any time.
Platinum Accounts opened from 24 March 2012 Sentinel® Card Protection will not offer cover against unauthorised and fraudulent use of cards.
However, if you are the victim of card fraud you should be covered by the bank who issued your card.
The level of fraud cover may differ between card issuers so if in doubt you should contact your card issuer directly.
All of the other Sentinel® Card Protection benefits (pdf) remain the same.
| Other benefits | |
| Save My Numbers | Store all your important phone numbers and contact details securely. |
| Preferential charges | You won't pay the usual £1 fee when you make a purchase abroad. Foreign exchange and cash machine fees still apply. |
| Features | |
| £250 interest and fee-free planned overdraft |
Subject to application and approval. How much we lend is subject to our assessment of your circumstances. You must be 18 or over. Overdrafts are repayable in full on demand. |
| A Visa debit card |
Use in over 500,000 places in the UK and 27 million outlets worldwide.** |
| Overdraft buffer |
£10 overdraft buffer. No overdraft fees or interest to pay if you go overdrawn (either planned or unplanned) by £10 or less. This £10 buffer is in addition to the interest and fee-free overdraft as part of your Platinum Account. |
| Grace period if you go over your limit |
Pay in enough money before 3.30pm (UK time) to avoid any overdraft fees you may incur that day. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch. |
| Internet and Telephone Banking |
Secure services where you can do everything from checking balances and payments to transferring money, and a whole lot more. |
Apply for a Platinum Account
Or apply for a Platinum Account with Vantage
*Benefits value
Your Platinum Account is worth up to £662 a year.
This is based on the following:
| Benefit | Worth up to (per year) | Based on |
| Worldwide and UK Travel Insurance | £322 | The annual cost of a similar standalone product for worldwide travel insurance policy for two adults including winter sports upgrade. |
| AA Breakdown Cover | £161 | Single Personal AA Breakdown Cover including Roadside Assistance, Home Start and Relay (payment by direct debit), plus Accident Management. Comparison price excludes any online or other discounts. |
| Mobile Phone Insurance | £83 | A Vodafone Mobile Phone Insurance Policy. |
| Sentinel® Card Protection | £20 | Sentinel® Card Protection for one year. |
| Save My Numbers | £20 | The Phones 4U Store My Numbers service. |
| Interest and fee-free Arranged Overdraft | £56 | The average annual saving in interest and fees of a Platinum Account customer (as compared to the cost of the same planned overdraft facility for a Classic Account). Actual saving will depend on your personal overdraft usage. |
Correct as at September 2011.
Apply for a Platinum Account
Or apply for a Platinum Account with Vantage
Vantage
Vantage is a free addition for your current account giving you the benefit of credit interest on your current account. So it gives you the opportunity to earn a competitive rate of interest on your current account without having to manage multiple accounts and move money around during the month.
To get the benefit of Vantage each month you must:
- Pay into your account at least £1,000 each calendar month;
- Keep your account in credit (that is above £0) during the monthly billing period.
In months you don’t meet the Vantage conditions, you won’t earn interest on the amount in your account for that month. You also won’t earn interest on amounts over £5,000.
Vantage features and benefits:
- Variable tiered interest rates start from 1.50% AER/1.49% Gross on balances of £1-£1,000 and go up to 3.00% AER/2.96% Gross on balances of £3,000-£5,000.
- Earn interest on the whole balance up to £5,000. The rate varies depending on how much is in your account.
- Interest is calculated daily and paid into your current account monthly.
Apply for a Platinum Account
Or apply for a Platinum Account with Vantage
†We use a range of third party insurance providers for the benefits on this account (exclusions apply). Benefits are subject to application and approval.
**When using your Bank of Scotland Visa debit card abroad please note that fees and charges will apply.
Account opening is subject to our assessment of your circumstances and to you meeting all eligibility conditions.
AER (Annual Equivalent Rate) - the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
Overdrafts are repayable in full on demand.
You have to register for Internet Banking and Telephone Banking. Terms and conditions apply.
We may monitor and record calls.
Travel insurance policy is only available to you if you have lived permanently in the United Kingdom for at least 6 months during the 12 month period prior to a trip and are registered with a medical practitioner in the United Kingdom.
Mobile Phone Insurance, Sentinel® Card Protection, AA Breakdown Cover and Travel Insurance are only available to customers who are UK residents. Registration is recommended to benefit from certain features and you should check the Terms and Conditions of cover to confirm requirements.
Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised and regulated by the Financial Services Authority except for lending for which we are licensed by the Office of Fair Trading.