If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. To help find the right solution for your needs you can use our coronavirus support tools for credit cards and loans and for Halifax mortgages. If you have a Bank of Scotland mortgage, find out more here.

Switch to us

Switch your current account to Bank of Scotland

Switching your current account to us is now faster and more convenient than ever. Use the Current Account Switch Service to transfer your salary, Direct Debits, standing orders and close your old account all in seven working days. You can even choose the day you want the switch to complete.

Current Account Switch Guarantee logo

Benefits of switching to Bank of Scotland.

  • 3 month 0% arranged overdraft when you switch.
    Once your 3 month interest-free period ends we will charge interest daily. The daily arranged overdraft interest rate will be based on how you manage any accounts with us and on the credit information we hold about you. We will let you know this rate in the pre contract credit information we give you if you apply for an arranged overdraft. Arranged overdrafts are subject to application and approval, and are repayable on demand.
  • Bank on the Move.
    Manage your account conveniently with access to Internet Banking, our award winning Mobile Banking App1 or on your iPad using Express Login.
  • Earn monthly credit interest with Vantage
    Variable credit interest of 1.00% 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. (0.99% 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.) on balances from £1 up to and including £3,999.99, and 2.00% 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. (1.98% 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.) on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any balance over £5,000.
  • Each calendar month, just pay at least £1,000 into your account, keep your balance above £0, and pay out at least two different direct debits.

    From 1 October 2020, the variable rates of interest you can earn on credit balances are changing. The current interest rate of 1.00% 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. (0.99% 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.), payable on balances from £1 to £3,999.99, is changing to 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. The current rate of 2.00% 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. (1.98% 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.) payable on the part of any balance from £4,000 up to and including £5,000, is changing 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% 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.). Full details can be found in the Vantage Guide (PDF).

  • Earn up to 15% cashback with Everyday Offers from selected retailers.2

Representative Example (based on using a Classic Account

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.

Starting your switch.

Choose a new current account and switch.

  1. Compare and apply for your new Bank of Scotland current account. 
  2. Choose to switch at the end of your application. 
  3. Let us do the rest and your switch will be completed in seven working days.
Compare and apply nowfor a current account

Already have a Bank of Scotland Current Account?

  1. Complete our simple online switching form.
  2. Let us do the rest and your switch will be completed in seven working days.
Complete your switch formto change your Bank of Scotland account.

Alternatively, call us on 03456 02 52 93 (open Mon-Fri 8am-8pm and Sat 9am-4pm) or make an appointment at your local branch.

How the switching process works.

  • Working day 1-2 - Your switch begins – We will contact your old bank and start the process of transferring your payment arrangements to your Bank of Scotland current account.
  • Working day 3-5 - We switch your payment arrangements and make sure your Bank of Scotland account is ready for the switch date, which takes a couple of days.
  • Working day 6-7 - If you are clearing a debit balance on your old account, check your funds. You will need to make sure there are enough funds in your Bank of Scotland account to cover this transfer.
  • 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.

    Current Account Switch Guarantee logo
    • 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.

    Read the account switching guide (PDF)account switching guide, PDF, opens in a new window

    Crystal Mark 20785 Clarity approved by Plain English Campaign
  • Introduction.

    The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free whether you’re a consumer, small charity or small business. You’ll find the main benefits of the service below:

    Switch on your terms.

    With the Current Account Switch Service you can choose a switch date to suit you. Just make sure you allow a minimum of seven working days.

    Simple and stress-free.

    The new account provider transfers any existing balance and all existing payment arrangements for you – including those going out (for example Direct Debits and standing orders), those coming in (for example, your salary) and payees you already have set up.

    Wide ranging spread of UK banks and building societies are on board.

    This means over 99% of UK current accounts are covered by the Current Account Switch Guarantee.

    The switching process is the same everywhere.

    Every bank and building society offering the service follows exactly the same switch process.

    Payments are automatically redirected.

    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.

    Backed by a Guarantee.

    In the unlikely event that something goes wrong with your switch, the new provider will refund any interest or charges incurred on your old or new account as a result.

    A single point of contact.

    The whole process will be handled by the bank or building society you are switching to. If you have any questions or concerns, just ask your new provider.

  • If you’re opening your account and you switch your main current account to Bank of Scotland, we’ll give you an arranged overdraft with no daily arranged overdraft interest for the first three months, subject to status. After this time, daily arranged overdraft interest will apply based on the account you’ve chosen.

    How to apply for the arranged overdraft

    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.

    Arranged overdraft offer conditions

    To qualify for the interest-free offer you must:

    • Use the Current Account Switch Service. This service means your old account will be closed and all your payments transferred to your new Bank of Scotland account
    • Have not used the offer within the last 12 months
    • Have applied, and been approved for, an arranged overdraft on your new Bank of Scotland account

    Representative Example (based on using a Classic Account)

    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?

    £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.

1 2014 World Innovation Awards - Innovation in the delivery of financial products (Mobile).

2 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.

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.

You must be 18 or over and a UK resident to apply. Account opening is subject to our assessment of your circumstances and to you meeting all eligibility conditions. Benefits are subject to application and approval.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly.

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.