Bank of Scotland current accounts for May 2026

Need a new home for your everyday cash? Explore Bank of Scotland's wide range of bank accounts.

4.2 (155 reviews) Write a review
Valentina Cipriani's headshot
Jason Loewenthal's headshot

By

Valentina Cipriani

&

Jason Loewenthal

Updated

Fact checked
Bank of Scotland

Start comparing

Leave a review

★ ★ ★ ★ ★

Your review

Thanks for your review.
Close

Read Terms and Conditions here

The Scottish side of Lloyds Banking Group, Bank of Scotland is a big, traditional bank that offers solid benefits and a variety of financial products that can serve different purposes and needs.

Compare Bank of Scotland current accounts

11 of 11 results
Updated daily
Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Basic Account
Cashback
Finder score
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
More info
Compare product selection
Bank of Scotland logo
Finder score
7.5Great
Bank of Scotland Classic Account
Cashback
Finder score
7.5Great
£0
No minimum funding requirement
0% AER
29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 29.9% EAR variable.
More info
Compare product selection
Bank of Scotland logo
Finder score
8.2Great
Bank of Scotland Smart Start Spending Account
Finder score
8.2Great
£0
No minimum funding requirement
0% AER

More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Platinum Account
Cashback
Finder score
Not yet rated
£22.50 per month
No minimum funding requirement
0% AER
0% EAR variable on the first £50 and then 29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £50 and then 29.9% EAR variable. Account fee of £22.50 per month.
More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Silver Account
Cashback
Finder score
Not yet rated
£11.50 per month
No minimum funding requirement
0% AER
0% EAR variable on the first £50 and then 29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £50 and then 29.9% EAR variable. Account fee of £11.50 per month.
More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Graduate Account
Cashback
Finder score
Not yet rated
£0
No minimum funding requirement
0% AER
0% EAR variable on the first £2,000 and then 29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged.
More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Student Account
Cashback
Finder score
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
Representative example: If you use an arranged overdraft of £1,200, you'll be charged.
More info
Compare product selection
Bank of Scotland logo
Finder score
7.8Great
Bank of Scotland Under 19s Account
Cashback
Finder score
7.8Great
£0
No minimum funding requirement
0.5% AER

More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Vantage Platinum Account
Cashback
Finder score
Not yet rated
£22.50 per month
£1000 per month
0.75% AER
0% EAR variable on the first £50 and then 29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £50 and then 29.9% EAR variable. Account fee of £22.50 per month.
More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Vantage Classic Account
Cashback
Finder score
Not yet rated
£0
£1000 per month
0.75% AER
29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 29.9% EAR variable.
More info
Compare product selection
Bank of Scotland logo
Finder score
Not yet rated
Bank of Scotland Vantage Silver Account
Cashback
Finder score
Not yet rated
£11.50 per month
£1000 per month
0.75% AER
0% EAR variable on the first £50 and then 29.9% EAR variable
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 0% EAR variable on the first £50 and then 29.9% EAR variable. Account fee of £11.50 per month.
More info
Compare product selection
loading
Showing 11 of 11 results

Finder Score for bank accounts

To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.

Read the full methodology

Types of current accounts from Bank of Scotland

From a very basic bank account with no overdraft options to a premium option packed with insurance benefits, Bank of Scotland has a full range of current accounts that can suit different people and needs:

  • Reward and incentive accounts

    Although it doesn’t have a dedicated reward account, Bank of Scotland allows you to add a “Vantage” option to every Classic account. If you pay at least £1,000 a month into the account, are in credit and have set up 2 direct debits, you can earn a surprisingly competitive interest on cash held in the account. The Classic account also offers customers up to 15% cashback with selected retailers when they make purchases with their account’s debit card.
    Learn more about reward and incentive accounts

  • Premium accounts

    Bank of Scotland’s Platinum account comes with a pretty expensive monthly fee (£21), but it’s the place to go to if you’re looking for a really comprehensive insurance package to go with it. It includes travel insurance, mobile phone insurance, breakdown cover and card loss assistance. As with the Classic account, Platinum account holders can also use the Vantage add-on to earn interest on their balance.
    Platinum account holders and current account customers with a Vantage add-on can also take advantage of preferential exchange rates when buying travel money with Bank of Scotland.
    Learn more about premium current accounts

  • Student accounts

    It can be difficult to stay in credit if you’re living the student life, so Bank of Scotland gives you a fee-free overdraft up to £1,500. Student accounts are notoriously packed with benefits of all kinds, so don’t forget to compare them and see what’s available out there.
    Learn more about student accounts

  • Children’s accounts

    With a Bank of Scotland children’s account, your kids can open an account when they are as young as 11. It comes with a competitive interest rate paid on the balance (0.5% up to £999, the icing on the cake of pocket money) and even a dedicated version of online banking.
    Learn more about children’s accounts

  • Business accounts

    Bank of Scotland offers a business account for small businesses and start-ups, as well as an account for larger businesses that have an estimated turnover of more than £3 million in the next 12 months. On top of this, it has accounts for schools and community groups, including charities, plus business accounts for professional practices including solicitors, accountants, insurance brokers and estate and managing agents.
    Learn more about business accounts

Does Bank of Scotland offer any promotions, discounts or refer-a-friend offers?

Bank of Scotland sometimes offers cash switching deals. As of October 2024 it only offers up to 15% cashback at selected retailers and a 3-month 0% arranged overdraft if you switch your account there using the Current Account Switch Service. After that, you’ll be charged interest daily. If you’re looking for a chunk of cash to switch bank accounts, you can look at switching deals from other banks.

Does Bank of Scotland offer joint accounts?

Yes. You can open a joint account with 2 people online, as long as you’re both Bank of Scotland customers. If not, you’ll need to apply in branch.

Does Bank of Scotland offer premium accounts?

Yes, Bank of Scotland offers packaged accounts. It has a Silver Account (£11.50 a month) and a Platinum Account (£22.50 a month). They come with a range of benefits including travel insurance, AA breakdown cover and mobile phone insurance.

What do customers say about Bank of Scotland?

80% of customers we surveyed in 2026 would recommend Bank of Scotland to a friend.

It retains a loyal customer base who praise its secure, easy-to-use online banking app and reliable customer service. Many users have been with the bank for decades and trust the prestigious brand for their day-to-day needs.

However, a common frustration is the ongoing closure of local branches, with some long-term customers feeling the bank has lost its personal touch and become somewhat "faceless" following mergers with Halifax and Lloyds.

AI-generated summary from the text of customer reviews on Finder.

Pros and cons of banking with Bank of Scotland

  • Interest rate and rewards. Not many banks pay interest on current account balances, so it’s a perk to take into due consideration. Bank of Scotland also runs Everyday Offers, a programme that gives you cashback when you spend at selected retailers.
  • Multiple ways to bank. The main strength of traditional banks is definitely their network of branches – you can always pop in and sort out your stuff in person. However, they’re also getting better at providing a nice online banking website and a decent mobile app. Finally, you can also bank on the phone.
  • Mobile banking app. Unlike challenger banks’ apps, it doesn’t have any cool budgeting features, but it looks tidy and clean and allows you to keep track of all your transactions just fine.
  • Global acceptance. Bank of Scotland’s debit cards are on the Visa network, so you don’t have to worry about acceptance, even if you go abroad.
  • A full range of financial products. Like most big banks, Bank of Scotland offers the full package, from credit cards to mortgages to insurance. It’s ideal if you’d rather have all your financial stuff with the same institution.
  • Only has branches in Scotland. Bank of Scotland’s only physical branches in the UK are in Scotland.

Opening an account with Bank of Scotland

To open an account with Bank of Scotland, you’ll have to provide the following information:

  • How much you expect to pay in each month.
  • Your employment status.
  • Your salary details and any assets you have.
  • Your nationality/citizenship.
  • Your residency status/tax residence status.
  • Proof of identity (passport, driver’s licence).

You can open a Bank of Scotland account online or by visiting a branch.

Customer service information for Bank of Scotland

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

Our verdict: Is Bank of Scotland a good bank?

The Vantage option is a standout feature with Bank of Scotland’s current accounts. A good choice if you are regularly in credit. If Bank of Scotland’s current accounts are not for you, you can also compare other current accounts here.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

Sources

Valentina Cipriani's headshot
Writer

Valentina Cipriani was a writer at Finder UK. She wrote news, features and guides about banking and credit cards, helping people to improve their financial lives. She holds an MA in International Journalism. See full bio

Jason Loewenthal's headshot
Co-written by

Senior writer

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio

More resources on Finder

More guides on Finder

Go to site