Bank of Scotland business bank account comparison and review

Bank of Scotland offers business bank accounts across the UK. In this guide, you’ll discover what’s available with Bank of Scotland business accounts and how these accounts compare to the rest of the market.

Compare Bank of Scotland’s business bank accounts

• Current accounts
• Savings accounts

What is Bank of Scotland business banking?

Bank of Scotland offers a range of business banking options for small, medium and large businesses, including business and charity accounts, mobile and internet banking, and international banking resources.

Both new and existing businesses can apply for a Bank of Scotland business current account, with new customers also benefiting from no account fee for the first 12 months when they switch their account to Bank of Scotland.

How does Bank of Scotland business banking work?

Businesses with an annual turnover of £25 million or less can apply for the main business bank account with Bank of Scotland. If this is your business’s first account, you won’t have to pay an account fee for 12 months – although some transaction fees will still apply. After this, you pay £8.50 a month.

If your business’s annual turnover is under £3 million a year, you can apply for the account in the app, provided you’re a sole trader or the only director of a limited company. If your business turnover is more than £3 million, you’ll need to request a call back from the customer service team to open your account.

Once your account is open, you’ll have access to a relationship team for business help and support and you may be able to apply for a business overdraft or credit card.

Bank of Scotland also offers the following business accounts:

• Community account. Designed for non-profit clubs and associations, provided no more than £250,000 is paid into the account each year. There’s a monthly account fee of £4.25
• Charity account. Designed for registered charities and registered societies, as long as no more than £50,000 is paid into the account each year. There’s no monthly account fee
• Credit union account. An account for community credit unions with free everyday banking
• School bank account. For all types of school organisations
• Client accounts. You can choose a commercial designated client account or commercial undesignated client account if you’re a professional practice, such as an accountant or solicitor, and want to hold client funds in separate accounts

Bank of Scotland business banking features

• No account fee for new customers. Bank of Scotland charges no account fee for 12 months if this is your first business account.
• Easy switching. Bank of Scotland guarantees to have your account switched within 7 working days.
• Mobile and online banking. You can access and manage your business bank account for free via app or computer.
• Business guides and resources. Businesses can access a resource centre that offers guidance on starting and managing a business, paying taxes and preventing fraud as well as industry expertise.
• International trade portal. Access the portal for free.
• Optional business insurance. You can also apply for business insurance through the broker Arthur J Gallagher and receive a 2-year fixed premium with certain insurers.

Bank of Scotland international business banking

As well as regular business banking accounts, Bank of Scotland also offers international banking services for businesses looking to trade overseas. This includes making international payments and opening commercial foreign currency accounts as well as importing and exporting.

Bank of Scotland also offers an International Trade Portal for free, which provides guidance and education on managing an international business. This applies even if you’re not a Bank of Scotland customer.

Bank of Scotland business banking contact details

Existing customers: 0345 300 0268

New customers: 0345 878 0052

Large businesses (£25m+ turnover): 0345 604 8129

Business internet banking number: 0345 300 2924

Commercial banking online: 0808 202 1390

Bank of Scotland business banking customer reviews

On the Apple App Store, Bank of Scotland’s business banking app scored 4.8 out of 5 stars based on just over 4,800 reviews. On the Google Play Store, the app scored 4.6 out of 5 stars, from a total of 1,200 reviews (last updated April 2025).

Pros and cons of Bank of Scotland business banking

Customer service information for Bank of Scotland

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is a Bank of Scotland business account worth it?

There are a number of business banking options available with the Bank of Scotland, depending on the type of business you run, and users can also benefit from a dedicated resource hub. The bank offers an account switching service and no account fee for 12 months for new customers, but be mindful that monthly fees and transaction charges will apply after that period ends. You can manage your account online and through a mobile app, but if you think you’ll want to visit a branch in person, remember the network is mostly based in Scotland.

Get started by visiting Bank of Scotland’s website and sign up for an account. If you have read this review and decided that Bank of Scotland’s account is not for you, you can also compare other business bank accounts on the market.

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