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Platinum Account

A current account packed with benefits for only £21 per month.

Platinum card

From 21 November 2021 there will be some changes to the benefits that come with this account. 

Before you decide if this account is right for you, read the Guide to Changes (PDF, 750KB), which details all benefit changes. It’s important that you read this before proceeding because the changes may affect what you're covered for from the change date.

We’ve also created some useful Frequently Asked Questions about these changes.

Travel Insurance FAQs

If you’re a Platinum account customer, please read our travel insurance FAQs (PDF, 145KB) for more information about the travel insurance which comes with your account and COVID-19. You can also use our handy travel disruption tool, for help if your travel has been disrupted.

Open a Platinum Account to take advantage of a range of useful benefits, such as travel insurance, AA breakdown cover and mobile phone insurance. You can also earn interest on your credit balance by adding Vantage during the application.

Get all of these benefits plus much more for a £21 monthly fee to maintain the account.


Worldwide travel insurance for you and your family including winter sports cover. All cover stops on the account holder’s 80th birthday. Insurance is underwritten by AXA Insurance UK plc.

AA breakdown insurance with Roadside Assistance, Relay, Home Start and Accident Management. Cover is provided by Automobile Association Developments Limited (trading as AA Breakdown Services).

Mobile phone insurance administered by Lifestyle Services Group Limited with a single Insurance provider, Assurant General Insurance Limited.

Card loss assistance is provided by Citymain Administrators Ltd.

Important information

Cover for any medical conditions under this policy: you may need to declare these, agree cover with AXA and an additional premium may apply. If this affects you contact AXA directly to find out more.

If you have a serious or life threatening pre existing medical condition, the Money and Pensions Service (MaPS) has launched a new directory listing firms which could offer travel insurance for you. For more information access this directory here or phone MaPS on 0800 138 7777 (Mon – Fri 8am to 6pm). If this is relevant to you, please consider whether the travel insurance that comes with this account is the right one for you.

You can find out more on the benefits, conditions and exclusions here.

Bear in mind that there are other accounts available to you that provide banking facilities without additional benefits, and which do not have a monthly maintaining the account fee.

Additional account benefits

Earn interest - you could earn up to 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% gross p.a.) variable interest on the part of your balance between £4,000 and £5,000 with our free Vantage add on. Lower balances will earn a lower rate. You'll need to meet some conditions to earn interest. Please read these carefully.

Up to 15% Cashback - with Everyday Offers when you pay by credit/debit card or Direct Debit at selected retailers. Merchant offers and cashback amounts vary. Terms and conditions apply.

Save the Change - round up your card payments to the nearest pound to save as you spend.

Mobile Banking app - highly secure and packed with features to make banking fast and convenient wherever you are.

Contactless VISA debit card - make payments quickly and easily.

Access to our Internet Banking and the Mobile Banking app , 24 hour telephone services as well as any of our branches in Scotland.

  • AXA worldwide travel insurance is underwritten by AXA Insurance UK plc.

    Key benefits and important exclusions for the travel insurance benefit

    Your benefit

    Some key Benefits

    Some Important Exclusions

    Your benefit

    Travel Insurance

    Some key Benefits

    • Covers certain Winter Sports
    • Covers UK leisure travel when two or more consecutive nights accommodation is booked
    • Comprehensive cover including:
      • Emergency medical cover (up to £10,000,000)
      • Cancellation or curtailment cover (up to £5,000)
      • Personal accident cover (up to £30,000)
      • Baggage cover (up to £2,500, £500 of which for valuables)
      • Travel disruption cover (up to £5,000)
    • Multi-trip Worldwide travel cover for you and your family (includes, if eligible, your spouse, civil partner or partner and children).

    Some Important Exclusions

    • All cover stops on your 80th birthday. As long as you are under 80 your spouse, civil partner or partner will also be covered until they reach 80
    • Medical conditions that you and anyone to be covered have, or have had, if they are not all on the ‘No Screen Conditions’ list must be declared and cover agreed with the insurer (there may be an additional premium if the insurer agrees to cover the condition(s))
    • £75 excess per claim per incident may apply
    • Children must travel with you, your spouse, partner or civil partner or a responsible adult
    • The standard maximum trip duration is 45 consecutive days (for Winter Sports maximum 31 days cover in any calendar year)
    • There is no cover if travelling against the advice of the Foreign, Commonwealth & Development Office (FCDO) or other regulatory authority
    • There is no cover if you cannot travel or choose not to travel because the FCDO, or any other equivalent government body in another country advises against travel due to a pandemic

    Keep in mind the cover is provided whilst you are a United Kingdom resident and are registered with a medical practitioner in the United Kingdom.

    Read the policy document for full details and exclusions (PDF, 3.7MB)

    We will also provide you with the Insurance Product Information Booklet (PDF, 1MB) as part of the account application process.

    Claims and assistance

    If you’re abroad and you need assistance, you can call our 24-hour assistance helpline on +44 1633 815 819.

    If you need to make a claim, all you need to do is call Platinum Membership Services on 0345 602 1222.

    AA Breakdown Cover is provided by Automobile Association Developments Limited (trading as AA Breakdown Services).

    Key benefits of AA breakdown cover

    Your benefit

    Some key benefits

    Your benefit

    AA Breakdown Cover

    Some key benefits

    • Roadside Assistance
    • Accident Management
    • Customer covered, not the vehicle
    • Service is only available in the UK, Channel Islands and Isle of Man
    • Home Start
    • Relay

    Read the policy document for full details and exclusions (PDF, 3.7MB)

    We will also provide you with the Insurance Product Information Booklet (PDF) as part of the account application process.

    Assistance and emergencies

    If you break down on the road, call the AA direct on 0800 980 5792 or Platinum Membership Services on 0345 602 1222.

    Mobile phone insurance is administered by Lifestyle Services Group Limited with a single insurance provider, Assurant General Insurance Limited.

    Benefits and important exclusions for mobile phone insurance

    Your benefit

    Some key benefits

    Some Important exclusions

    Your benefit

    Mobile Phone Insurance

    Some key benefits

    • Insures one phone on a sole account and two phones from joint accounts
    • Repair or replacement phone up to a maximum of £2,000 (including VAT)
    • Covers loss, theft, damage or breakdown (including faults)

    Some Important exclusions

    • Excess is £100
    • No more than two successful claims per account holder in any 12 month period

    Keep in mind unauthorised network charges are only covered in the event of a successful loss/theft claim.

    Keep in mind you’ll need to pay a contribution of £100 each time you make a successful claim (this is the excess).

    Read the policy document for full details and exclusions (PDF, 3.7MB)

    We will also provide you with the Insurance Product Information Booklet (PDF, 1MB) as part of the account application process.

    It’s recommended that you register your phone details as it may help simplify the process for any claims you might have to make in the future. You only need to call us in the event of a claim in which we will register the details of your phone. Follow these steps to register your mobile phone through Internet Banking:

    • Log into Internet Banking
    • Select the ‘More actions’ button on your Platinum Account
    • Then select ‘View account benefits’ found under the ‘Account information and benefits menu’
    • You can register your phone under the ‘Mobile phone insurance’ section

    You can make a claim by calling Platinum Membership Services on 0345 602 0201

    Card loss assistance is provided by Citymain Administrators Ltd (part of SPB UK & Ireland Group Companies).

    Key benefits of card loss assistance

    Your benefit

    Some key benefits

    Your benefit

    Card Loss Assistance

    Some key benefits

    • With one call day or night, Citymain can request card issuers cancel all financial cards and issue replacements where possible
    • You can register the cards for your family if they live with you
    • You can also register your passport and driving licence numbers with Citymain for easy access should you lose them.

    Read the policy document for full details and exclusions (PDF, 3.7MB)

    We recommend you register your cards with Citymain. Call Platinum Membership Services on 0345 602 1222.

Some key changes to the Worldwide Travel Insurance from 21 November 2021

  • AXA Insurance UK plc (AXA) underwrite the travel insurance that comes with your account and, in line with the cancellation section of the policy general conditions, we are now giving you notice on their behalf that the policy will be cancelled at midnight on 20 November 2021 and immediately replaced on 21 November by travel insurance provided by AWP Assistance UK Ltd (Allianz Assistance) which is underwritten by AWP P&C SA (the new insurer). There’ll be no break in insurance cover but some of the changes may affect your cover
  • The maximum single trip duration of 45 consecutive days will reduce to 31 consecutive days. It’s important to remember this if you book a trip before 21 November 2021
  • If you’ve already booked or intend to book a trip lasting more than 31 consecutive days that begins on or after 21 November 2021 and haven't already purchased a trip extension upgrade, you will need to contact Allianz Assistance to extend your cover, an additional premium will be payable. If your trip starts before 21 November 2021, for this trip only, you will continue to be covered for up to 45 consecutive days from the date of travel
  • If you claim for incidents which occurred after 21 November 2021, where an excess applies, it’ll increase from £75 per claim per incident to £75 per adult per incident
  • There will be changes to the medical screening process. If your health, or the health of anyone covered by the policy, changes before you book a trip, you need to let Allianz Assistance know. They may ask you to pay a premium or could refuse cover for those medical conditions. This will also apply to any new upgrade for medical conditions that you purchase from the new insurer on or after 21 November 2021
  • If you purchase an upgrade with AXA for risks which are not covered under the policy as standard before 21 November 2021, your upgrade will continue to be underwritten by AXA until the expiry date stated in your upgrade schedule and will not be cancelled. All claims will be managed by Allianz Assistance for incident dates on or after 21 November 2021. You will receive confirmation letters separately from AXA and Allianz Assistance which include guidance on who to contact. You do not need to take any action
  • From 21 November 2021 there won’t be cover if you’re abroad and you are instructed to return home or choose to leave early to avoid having to quarantine when you get home because of an epidemic or pandemic
  • There is still cover for emergency medical expenses. There's also still cover for you or someone covered under the policy if a booked trip needs to be cancelled because either you or they, or a companion you are travelling with is asked to quarantine
  • There will be additional cancellation cover for you or anyone you are travelling with who is covered under the policy, if you’ve booked to travel and either the carrier or a Government authority will not let you travel, because at the point of boarding, you are showing symptoms of a contagious disease
  • You’ll have access to a remote UK GP telephone and video consultation service if you want medical advice when you’re overseas
  • There will also be some changes to cover levels, for example for Ski and Golf cover
  • Winter Sports cover is being improved and some of the limits you can claim for will increase. If you’ve already paid for upgraded Winter Sports cover with AXA which expires on or after 21 November 2021, this will now be covered as standard. We’ll make a goodwill payment to cover the cost of the upgrade, directly into your account by the end of December 2021

Please read the terms and conditions enclosed within the Guide to Changes (PDF, 750KB) for full details and exclusions. We’ve also provided some examples of pandemic cover under the new policy in the Guide to Changes (PDF, 750KB).

Other key benefit changes from 21 November 2021

  • Card Loss Assistance will no longer be a service provided with the account. Once the Card Loss Assistance benefit ends, the data will be destroyed within a reasonable period of time and in line with our policy requirements
  • There will be some changes to the AA Breakdown cover and there will also be a change to the Mobile Phone Insurance benefit that comes with this account to make it clear that for incidents occurring from 21 November, if you make a valid claim for a replacement handset, you will receive a refurbished device which has been through a comprehensive checking process to ensure it’s in full working order. For details of the changes, please refer to the Guide to Changes (PDF, 750KB)

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.

  • You can apply to add an arranged overdraft to your account 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.

Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.

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.

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.

Applying for this product does not improve your eligibility for an arranged overdraft.

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


  • Arranged overdraft details

    • £50 interest free amount
    • 39.9% EAR (variable) representative
    • Your interest rate will be based on how you manage any accounts you have with us and on the credit information we hold about you
    • No unarranged overdraft interest, fees or charges

    Representative Example

    A variable representative rate of 67.7% 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

    The APR includes monthly maintaining the account fees of £21 and an interest free amount of £50

    How much does my overdraft cost in pounds and pence?

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

    £2.87 for 7 days

    £12.42 for 30 days

    £25.18 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

    If you already have a current account with us, you can apply for an arranged overdraft through Internet Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft limit too.

    Apply for an arranged overdraft

New Customer? It’s easy to apply online

Apply today

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

Log in to apply

Alternatively, you can phone us or visit us in branch.

We use a range of third party insurance providers for the Platinum Account benefits (conditions and exclusions apply). For further details please see the full policy documents.

More information about the Platinum Accounts

Bank of Scotland Bank Account conditions (PDF, 172KB)

Terms and Conditions

Fee Information Document (PDF, 176KB)

  • 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./gross 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% gross 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.

  • 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.

  • 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, 2.33MB)

    Switch account guarantee

Making sure you get a fair deal

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, a UK resident and either an EU national or have permission to stay in the UK for at least 12 months. Overdrafts are subject to application and approval and are repayable on demand.


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.