The everyday current account for everyday banking
Please note, with Vantage lower interest rates apply to lower tiers1. No interest is paid on amounts over £5,000. Interest is paid monthly.
Please note: From the 11th June 2017, we will be changing how we pay credit interest on our Bank of Scotland current accounts with Vantage. We are replacing the current tiered rates with a single interest rate of 2% AER (1.98% gross) (variable) on credit balances between £1 and £5,000. Depending on the balance of your account this may be an increase or decrease to the rate you currently receive.
Apply for a Classic Account using our simple application form and we should be able to give you a decision within 10 minutes.
You can add Vantage during your Classic Account application.
This account comes with up to £25 interest and fee free Planned Overdraft (subject to application and approval).
Any overdraft we agree is repayable on demand, including any fees or interest and subject to application and 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 overdraft limit.
If you use a Planned Overdraft of £1,200 on our Classic Account the overdraft interest rate we charge on the first £25 will be 0% EAR variable. The overdraft interest rate on the next £1,175 will be 19.89% EAR variable and a Monthly Overdraft Usage Fee of £6 will apply.
For £10 a month Control can help you stay on top of your finances and avoid Unplanned Overdraft borrowing. There are some exceptions to this, which mean you could still go into an Unplanned Overdraft, including, if you've used your debit card somewhere where a retailer can't check with us, like on an aeroplane, and if the Planned Overdraft limit on your account is reduced and you don't have enough money to keep within your new limit.
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®
Sign-up to Save the Change® and as long as you are in credit, every time you make a purchase with your debit card, the difference will be rounded up to the nearest pound and transferred from your current account into an eligible Bank of Scotland savings account.
Open a new joint account with us
Alternatively, make an appointment at your nearest branch.
Don’t forget to take identification and if the other account holder is not an existing Bank of Scotland customer they will need to provide identification - view acceptable forms of identification.
Add another person to your existing Classic Account
If you are registered for Internet Banking, log in and simply follow the on-screen instructions in our online form.
Looking to switch your joint account to us?
Ensure you add the other account holder to your new account first before completing your switch.
Please be aware of the following:
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)
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.
1Vantage is our free add-on for current accounts giving you the benefit of credit interest on your current account. Vantage interest rates are tiered so you will earn 3.00% AER (2.96% Gross) variable on balances of £3,000 - £5,000, 2.00% AER (1.98% Gross) variable on balances of £1,000 - £2,999.99, 1.50% AER (1.49% Gross) variable on balances of £1 - £999.99.
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. We subscribe to The Lending Code.