Bank of Scotland current accounts for June 2024

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

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Bank of Scotland

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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

1 - 12 of 12
Name Product Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
Platinum
Not yet rated
£21 per month
No minimum funding requirement
0% AER
N/A
tag iconFree travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badge Account fee of £21 per month.
View details
Student Account
Not yet rated
£0
No minimum funding requirement
0% AER
N/A
tag iconEveryday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.
View details
Graduate Account
Not yet rated
£0
No minimum funding requirement
0% AER
39.9% EAR variable
tag iconEveryday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.
View details
Silver
Not yet rated
£10 per month
No minimum funding requirement
0% AER
N/A
tag iconFree travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badge Account fee of £10 per month.
View details
Basic Account
Not yet rated
£0
No minimum funding requirement
0% AER

tag iconEveryday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card.
Current account switch service guarantee badge
View details
Classic
4.3
★★★★★
£0
No minimum funding requirement
0% AER
39.9% EAR variable
tag iconEveryday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.
View details
Smart Start Spending Account - Age 11-15
4.0
★★★★★
£0
No minimum funding requirement
0% AER

tag iconLinked savings account.
View details
Under 19s Account - Age 11-15
4.0
★★★★★
£0
No minimum funding requirement
0.5% AER

Current account switch service guarantee badge
View details
Under 19s Account - Age 16-17
4.0
★★★★★
£0
No minimum funding requirement
0.5% AER

Current account switch service guarantee badge
View details
Silver - with Vantage
Not yet rated
£10 per month
Min. £1000 Per Month (Minimum two direct debit mandates on account per month)
1.5% AER
N/A
tag iconFree travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badge Account fee of £10 per month.
View details
Classic - with Vantage
Not yet rated
£0
Min. £1000 Per Month (Minimum two direct debit mandates on account per month)
1.5% AER
39.9% EAR variable
tag iconEveryday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.
View details
Platinum - with Vantage
Not yet rated
£21 per month
Min. £1000 Per Month (Minimum two direct debit mandates on account per month)
1.5% AER
N/A
tag iconFree travel accident insurance – covers account holder, partner and dependent children up to 18 years old.
Current account switch service guarantee badge Account fee of £21 per month.
View details
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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

Bank of Scotland customer reviews

In our independent 2024 customer satisfaction survey, 98% of Bank of Scotland’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s reliable customer service. However, some cited that the bank was not entirely user-friendly. Here’s what some of those Bank of Scotland customers had to say:

“Just downloaded the app and it is brilliant – very easy to use”

“I have been with this bank for a long time. I trust them with my money. Great overdraft facilities and its online banking app is excellent.”

On the Apple App Store, Bank of Scotland’s mobile banking app scored 4.9 out of 5 stars, based on almost 2,000 user reviews. On the Google Play Store, it scores 4.5 out of 5 stars, from a grand total of 44,000 reviews (last updated, February 2024).

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

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

Banking scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

To find out more, read our full methodology.

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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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