Move your account
To a bank that understands the property sector
We know that as a property professional you'll face unique challenges and opportunities. And that you need a bank that understands your needs. Here at Bank of Scotland we believe we've got the expertise to be with you all the way.
Our Property Managers understand the sector and can help you make the most of our products and services.
Key features
- Specialist Property Managers with a real understanding of the sector.
- Our expert team is located across the country.
- A range of finance options to suit you and your business, whatever your needs.
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 account
- closing your account with your old bank.
Free* day-to-day banking for 6 months
To welcome you to Bank of Scotland business banking, 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.
|
Balance |
AER % |
Gross % |
Link to Reference Interest Rate % |
|---|---|---|---|
| On all balances | 0.00 | 0.00 | -2.00 |
Rates effective from 28th April 2010.
Details of conditions, charges and interest rates for this account.
Conditions
Please visit our terms and conditions website and use the product selection tool to view all terms and conditions, charging and associated information.
Explanatory notes
Reference rate
Reference Rate means the Bank of England Bank Rate or such other externally set rate as we may decide from time to time. Any reference below to base rate, refers to the Bank of England Base Rate.
Where the interest rate applicable to the Product due to a fall in the Reference Interest rate falls below 0%, the Bank may change the rate so that it remains at 0% or above. The replacement rate will apply until the Reference Rate increases and the usual rate applicable to the Product at that time rises to or above 0% gain.
AER
The Annual Equivalent Rate (AER) represents the annual rate effectively received by the customer if interest at the gross rate applied during a year remained in the account and itself earned interest. As every advert for a savings product where a rate is displayed will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
Gross - the rate of interest paid without deduction of tax to eligible non-taxpayers:
- incorporated bodies such as limited companies, pension funds, charities, churches, societies, associations, clubs
- individuals not ordinarily resident in the UK who have completed the necessary Inland Revenue declaration
- non-taxpaying UK residents who have completed an Inland Revenue form R85 and lodged it with Bank of Scotland. Form R85 and an Inland Revenue explanatory leaflet (IR110) are available from all Bank of Scotland branches and from Direct Customer Services.
For customers with joint accounts for two persons, where one person can complete form R85 to have interest paid gross but the other person cannot, Bank of Scotland is offering the facility to have 50% of the interest paid gross and 50% paid net. All Bank of Scotland branches and Bank of Scotland Banking Direct will give further information on this facility.
Bank rate
Any reference above to base rate refers to the Bank of England Base Rate.
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).
-
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.
-
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 About Your Account leaflet for charges that apply to CHAPS transfers.
Get in touch
