We are experiencing a high number of calls at the moment. So that we can support those in the most vulnerable situations please only call if it is urgent. Remember, you can do most of your banking tasks yourself online, either using our app or through Internet Banking.

Classic Account

Free everyday banking when you stay in credit, plus add Vantage to earn interest.

Classic sliver debit card

Features and benefits

  • Add VantageVantage web page to earn 0.60% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time./grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a. variable on balances between £1 and £3,999, and 1.50% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (1.49% grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a.) variable on balances between £4,000 and £5,000. Vantage is free to add to your Classic Account. Simply add it when you apply. To earn interest, each calendar month you need to pay at least £1,000 into your account, keep your balance above £0, and pay out at least two different Direct Debits. You won’t earn interest on any balance over £5,000. Interest is paid monthly. You’ll never be charged for having Vantage.
  • Access to our Internet Banking and the Mobile Banking app, 24-hour telephone services as well as any of our branches in Scotland.
  • A Visa debit card enabled for contactless payments.
  • Free text message alerts.
  • Send Money outside the UK – Use your current account to make a payment.

Arranged overdraft

An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.

- Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use it.

- If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.

  • Applying for an arranged overdraft - When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
  • Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Internet Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. This application won't affect your credit score.
  • Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.
  • If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.

All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.

Representative Example

A variable representative rate of 39.9% APR

A variable annual interest rate of 39.9% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

Based on Borrowing £1,200

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

£3.22 for 7 days

£13.86 for 30 days

£28.09 for 60 days

How does our overdraft compare?

You can use the representative APR to compare with other products or credit providers, this can help you make sure that you chose the right type of borrowing for you.

Useful tools

You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

 

Cost Calculator

You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

 

 

Eligibility Tool

Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances. 

Find out more detailed information on overdrafts such as interest rates, charges and managing your arranged overdraft limit.

Provide your ID online, it's easy

In order to get your account opened as quickly as possible, we may ask you for your UK driving licence or UK passport during your application. It's easy, just send us a photo of your ID, take some selfies and we'll then verify your identity.

New Customer? Apply online and we should be able to give you a decision within 10 minutes

Apply todayfor a Classic Account

Existing customer? Open a new current account or change your account through Internet Banking

Log in to apply
  • Earn variable credit interest on balances of £1 - £5,000 by adding Vantage.

    Vantage is free to add to your Classic Account. You could earn 0.60% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time./grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a. variable on balances between £1 and £3,999, and 1.50% AERAnnual Equivalent RateThis illustrates what the interest rate would be if interest was paid and compounded once each year. This allows you to compare more easily what return you can expect over time. (1.49% grossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. p.a.) variable on balances between £4,000 and £5,000. You won’t earn interest on any balance over £5,000. Simply add it when you apply.

    To earn interest, each calendar month you need to pay at least £1,000 into your account, keep your balance above £0, and pay out at least two different Direct Debits.

    Interest is paid monthly. You’ll never be charged for having Vantage.

    Visit the Vantage page for more information.

  • Everyday Offers

    Earn up to 15% cashback with Everyday Offers.

    To be eligible for Everyday Offers you need to be over 18, have a Bank of Scotland current account, a Bank of Scotland debit and/or credit card and be registered for Internet Banking. Once you’ve activated Everyday Offers, just activate each offer to earn cashback on your next purchase.

    Save the Change®

    Switch on Save the Change® and when you spend with your Bank of Scotland debit card, we’ll round up the amount to the nearest pound. At the start of the next working day, we’ll transfer the difference into an eligible savings account.

  • A joint account is a simple way for two people to share the same bank account. It gives both members the same ownership rights to the account. As well as:

    • A Visa Debit Card each
    • Joint access to set up and manage online banking
    • One monthly statement
    • If requested a cheque book each

    Opening a joint account

    You have two options when you are looking to open a joint account:


    Online and In-Branch - One of you can get the process started by opening an account online. You will both then need to pop into branch to convert it into a joint account.

    In-Branch - Both of you can open your joint account from start to finish at one of our branches.

    Please ensure you bring the correct forms of identification to your branch appointment - view acceptable forms of identification.

    If you area an existing Bank of Scotland account holder, a bank card can be used as identification.

  • We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
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    For more information and FAQs, please read the Account Switching Guide (PDF)

    Switch account guarantee

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower.

AER is Annual Equivalent Rate - this illustrates what the interest rate would be if interest was paid and compounded once each year. This allows individuals to compare more easily what return they can expect over time.

Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.

Account opening is subject to our assessment of your circumstances and to you meeting all eligibility conditions. You need to be aged 18 years or over. Benefits also are subject to application and approval.

 

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

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