Important Information
This page contains important legal and regulatory statements which you must read in conjunction with the information on Bank of Scotland's website which describes Bank of Scotland's products and services.
The products and services described in this site are available only to UK residents (excluding the Channel Islands and the Isle of Man). The information in this site is not directed at anyone other than UK residents and applications from others will not be accepted. The information contained in this site may not satisfy the laws of any other country. The phone number only applies to phone calls made from within the UK. If you proceed to access the information included in this site, you acknowledge that you have read and agree with the above statement (followed by a 'click' button to access the site).
The following Legal and Regulatory statements relate to the business products pages and products only.
General
Internet Banking
Telephone Banking
Cash withdrawals from ATM
Optimum Viewing Standards
Technical requirements
Compensation arrangements
Gross
Annual Equivalent Rate
VAT
Stakeholder pensions
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General
Bank of Scotland is authorised and regulated by the Financial Services Authority.
Finance is provided for business only and subject to satisfactory credit assessment by Bank of Scotland or companies within the same group as Bank of Scotland.You can obtain a list of all of the companies in the Lloyds Banking Group by writing to us. Bank of Scotland complaint handling procedures meet the standards required by the Financial Services Authority. A copy of these procedures are available on request.
Calls to Bank of Scotland Phoneline - 0845 300 0268 are charged at local rate from within the UK.
Bank of Scotland is subject to the jurisdiction of the Financial Ombudsman Service, contact details:
South Quay Plaza
183 Marsh Wall
London
E14 9SR
Telephone 0845 766 0902.
All overdrafts are subject to appraisal by Bank of Scotland based on the applicants' financial status. Overdrafts are repayable on demand. You must be aged 18 or over and a UK resident (excluding the Channel Islands and the Isle of Man) before you can apply.
Bank of Scotland is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. We may monitor and record telephone calls to help us provide a higher level of service.
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Internet Banking
Bank of Scotland makes no charge for the use of its Internet Banking Service. However, any charge made by your Telecoms Provider and/or Internet Service Provider (ISP) for using the internet will still apply.
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Telephone Banking
Bank of Scotland makes no charge for the use of its Telephone Banking service. However, any charge made by your Telecoms Provider will still apply.
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Cash withdrawals from ATM
Are subject to available funds in your account. Some banks and building societies may charge for this service and may limit the amount you can withdraw at any one time.
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The Data Protection Act
The Data Protection Act does not apply to companies in themselves but it does extend to sole traders and partnerships. When an application is received from a business, in addition to the above information, information may be sought from credit reference agencies on the company directors and/or partners as individuals. For more information please see Security and Privacy.
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Optimum Viewing Standards
Bank of Scotland's website is designed for use with Microsoft Internet Explorer version 4.0 and above and Netscape Navigator version 6.0, other commonly-used browsers may also work with the site.
To see any Macromedia flash animation, you'll need Macromedia Flash Player. If you don't already have it, download Macromedia Flash Player (opens new window).
To read Adobe Acrobat guides, you'll need Adobe Acrobat Reader. If you don't already have it, download Adobe® Acrobat Reader® (opens new window).
To read Adobe Acrobat guides with a screen reader please link to the Access Adobe website (opens new window)
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Technical requirements
The templates are compatible with Microsoft Word and Microsoft Excel software for PCs. To open and use them, you'll need Microsoft Word version 6 or above, and Microsoft Excel version 5 or above installed on your computer.
We've also provided the files as basic text and Lotus 123 formats, which you should be able to import into your other word processing and spreadsheet software packages. If you're not sure how to do this, check your software packages' "Help" sections.
Microsoft is either a Registered Trademark or Trademark of Microsoft Corporation in the United States and / or other countries.
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Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000). The £50,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300 or 0800 678 1100.
Deposits with us are held with Bank of Scotland plc. Accounts with Bank of Scotland plc include accounts with its divisions and trading names: Halifax, Intelligent Finance (IF), Birmingham Midshires (BM Savings), Bank of Scotland, Bank of Scotland Private Banking, Bank of Scotland Germany, Bank of Scotland The Netherlands, St James’s Place Bank and St James’s Place Private Bank. Some savings accounts under the AA Savings, Saga and Charities Aid Foundation brand names are also deposits with Bank of Scotland plc. An eligible depositor’s £50,000 limit relates to the combined amount in accounts under all of these names.
If you are unsure whether your account is held with Bank of Scotland plc please check your account literature.
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Gross
The rate of interest paid without deduction of tax to eligible non-taxpayers.
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Annual Equivalent Rate
The AER represents the annual rate effectively received by a customer if interest at the gross rate applied during the year remained in the account and itself earned interest.
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VAT
All references to taxation (and/or VAT if applicable) treatment are subject to confirmation by your professional advisers.
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Stakeholder Pensions
Halifax Life Limited (Registered in England No. 2233654). Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Services Authority.
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