Moving your accounts to us
Switching to Bank of Scotland is easier than you might think
We know that moving your account to a new bank can seem daunting. Even if you’re not getting the best from your current bank, it can seem easier to put up with things than to switch. That’s why we aim to make it as simple and hassle free as possible to move to us. We’ll be with you all the way, with support from a designated contact within our dedicated switching team – leaving you free to focus on your business. Plus we’ll give you 6 months’ free* day-to-day business banking.
Key features
- Free* day-to-day banking for 6 months.
- A relationship management team will manage your move.
- Smooth move promise – we’ll take care of everything so switching with us is simple.
Smooth move promise
Because we're with you all the way, with us switching is simple. We'll take responsibility for:
- re-directing all your standing orders and Direct Debits
- transferring your balance to your new Bank of Scotland Business Account
- closing your account with your old bank.
Free* day-to-day banking for 6 months
To welcome you to Bank of Scotland, you'll enjoy 6 months' free* day-to-day banking when you switch to us. This means:
- no charges for paying-in or withdrawing cash
- no fees for issuing or paying-in cheques
- no charges on standing orders or direct debits.
When your 6 months' free* banking finishes, our Business Extra Tariff (PDF) will be applied to your account.
A relationship management team you can count on
When you move to us you'll get all the support you need for a smooth account transfer from our relationship management team.
We help check things are running smoothly
We will then complete the process by closing your old bank account if this has been requested.
If you're overdrawn on your old account
We will contact you to discuss repayment. Subject to availability of cleared funds in your account, we will arrange to repay your overdrawn balance within 3 days or at an alternative date agreed with you.
Do you make regular payments to a pension fund?
For your protection there are strict laws governing the financial management of pension funds. That means we can't instruct your pension provider to begin collecting payments from a different account. You will need to contact them directly to give them details of your new Bank of Scotland account. They can update their system to collect the relevant payments from your new account.
Our switching performance statistics
We have exceeded targets set by the Office of Fair Trading related to managing the process of switching accounts for our customers. View our performance statistics here (PDF: 12KB - opens new window).
Details of conditions, charges and interest rates for this account.
Conditions
Please visit our terms and conditions section to view all terms and conditions, charging and associated information.
No interest is paid on credit balances.
How to apply
Before applying for a business bank account from Bank of Scotland, you must be able to confirm the following:
- that you are a sole trader, or a partner or director of the business
- you are over the age of 18
- the account is for business use only.
Before you apply
You will need to have the following information available:
- contact details for you and your business
- personal details of your partners / directors (if applicable).
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Online
Our online application form takes around two minutes to complete. Once we have received it one of our team will get in touch to talk about your request in more detail.
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By phone
Call 0845 606 0286.
You can apply by calling 0845 606 0286 or Apply now
*Free business banking includes cheques, standing orders, cash, Direct Debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. See our Your account charges explained brochure for charges that apply to CHAPS transfers.
Get in touch
Rates & charges
