Business Accounts for established businesses

This form is for businesses with an annual turnover between £3 million and £25 million. Usually, this means your business has been trading more than a year and you may need more complex banking services.

Enquire to get started with a Bank of Scotland Business Account

1. Getting to know your business

You’ll need to tell us the name of your business, where it’s based, and how you make money. 

2. Tell us about your income

As part of the application process, you'll need to provide evidence that your business currently generates annual turnover of £3 million or more.

3. Give us your contact details

One of our experienced onboarding specialists will get in touch to discuss your needs and next steps.

Check you can apply for this business bank account

You must be the owner or director of a business, and:

  • be at least 18 years old
  • be a UK resident with a UK mobile phone number
  • be applying for a UK business with a UK trading address
  • the business must have an annual turnover of more than £3 million, unless you're applying on behalf of a school or credit union.

If you're opening a limited company bank account, your business must:

  • be registered in the UK
  • have been registered with Companies House for at least 4 days
  • have no changes made to the Companies House register in the past 4 days
  • have an 'active' status on the Companies House register.

  • Your personal information will be held by Bank of Scotland, part of Lloyds Banking Group and shared within the Group and with other companies that provide services to us so that we can look after your relationship with us. 

    We may also share your personal information with credit reference agencies (CRAs) and fraud prevention agencies. We do this to assess creditworthiness and product suitability, check your identity, manage your account, trace and recover debts and prevent criminal activity including fraud and money-laundering. If fraud is detected, you could be refused certain services, finance or employment. 

    If you want to find out more about how we process your personal information, please read our full privacy notice.

Get started

 

How to enquire

The form will only take 5-10 minutes to complete. Once you've submitted the form, we'll phone you to find out a bit more about your business and its needs.

You'll need to provide evidence that your business' turnover is £3 million or higher by providing either annual accounts or a signed contract. If you cannot provide this evidence, you should use our application journey for businesses with less than £3 million annual turnover.

£3 - £25 million annual turnover

Enquire now

How to apply

As your turnover is under £3 million, you can't use this journey. However you can use our full digital onboarding journey.

You, and any additional account parties, can complete your application and verification digitally, and your account could be opened within 4-8 days.

Sole Trader or Limited Company 

Apply now

How to enquire

The form will only take 5-10 minutes to complete.

Once you've submitted the form, we'll phone you to find out a bit more about your business and its needs.

School or Credit Union

Enquire now

How to apply

As your turnover is under £3 million, you can’t use this journey. However, you can apply online through our digital journey for Partnerships.

Partnership

Apply now

UK based mobile and landline numbers
What does this mean?

Your company registration number is a unique combination of numbers and letters to enable accurate identification. It Is used to identify your company and verify it’s legal existence.

You’ll find your registered company number on your certificate of incorporation or on the Companies House website.
What does this mean?

An exempt charity must be based in England and Wales but can’t register with the Charity Commission. It is not directly regulated by the Charity Commission and instead has a principal regulator. 

  • Churches and chapels belonging to some Christian denominations.
  • Charities that provide premises for some types of schools.
  • Scout and Guide groups.
  • Charitable service funds of the armed forces.
  • Student unions.
What does this mean?

A charity is an organisation aiming to help people in need and improve social well-being. This could be through educational, religious or other activities.

You will have either a Charity Number from the Charities Commission or Scottish Charity Register (OSCR), or a Companies House Registration Number (CRN) that you will find on your certificate of incorporation or the Companies House website.
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