At the end of your current account application, we may offer you an arranged overdraft. If we do, we’ll tell you the maximum amount you can borrow and you can add it right away. You can also apply for one later.
Arranged overdrafts are repayable in full, on demand, and subject to approval. You must be 18 years old or over to apply.
Find out more detailed information on overdrafts such as fees, charges and managing your arranged overdraft limit.
If you use an arranged overdraft of £1,200 on your Classic Account, then we’ll charge you a daily arranged overdraft fee of £2.
Vantage is our free add-on for current accounts that pays you 1.5% AER CloseAnnual 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% grossCloseGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC.) variable on balances of £1 - £5,000. Interest is paid monthly. Bear in mind that you won’t earn interest on any amounts over £5,000.
To qualify, each calendar month simply pay at least £1,000 into your account, stay in credit (above £0) during the monthly billing period, and pay at least two different Direct Debits from your account.
If in any month you don’t meet these criteria, you won’t earn any interest but you won’t be charged for having Vantage.
Visit the Vantage page for more information.
Earn up to 15% cashback with Everyday Offers and the chance to win one of your purchases back up to the value of £500 on a monthly basis with ‘It's on Us’.
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. You can activate 'It’s On Us' in the Everyday Offers section of Internet Banking.
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.
Open a new joint account
You have two options when you are looking to apply to open a joint account:
If neither of you are an existing Bank of Scotland current account holder, you will both need to bring identification - view acceptable forms of identification.
In busier periods when staff may not be immediately available, we’ll be happy to book an appointment for a later date. Alternatively, make an appointment at your local branch.
Add another person to an existing account
Looking to switch your joint account to us?
Please be aware of the following:
Remove someone from a joint account
A request to remove someone from your bank account can be made in branch and will only be accepted where the account is in credit.
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.
For more information and FAQs, please read the Account Switching Guide (PDF)
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.