Is a Bank of Scotland business account right for you?
Read real customer reviews below along with more information about the various banking services Bank of Scotland offers to businesses.
Bank of Scotland Customer Reviews
Review Summary
Recent Reviews
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Bank of Scotland Reviews From Other Websites
Bank of Scotland Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 1.60 | 12% | 80% | 649 |
Source: https://www.trustpilot.com/review/www.bankofscotland.co.uk
Bank of Scotland iPhone & Android App Reviews
| App Type | Review Score (out out 5) | Total Number of Reviews |
|---|---|---|
| iPhone | 4.80 | 269,400 |
| Android | 4.50 | 44,100 |
Source:
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://play.google.com/store/apps/details?id=com.grppl.android.shell.BOS&hl=en_GB
Bank of Scotland Basics
| Bank Type | High Street |
| FSCS Protection | Yes, up to £85,000 |
| Branch Locations | Scotland only |
| Card Type | Visa |
| FCA Number | 169628 |
| Online Banking | Yes |
| Mobile Banking | Yes |
| In Person/Branch Banking | Yes |
Customer Support Options
| Phone Support Available | Yes |
| Email Support Available | Yes |
| Support Via Their App | Yes |
| Web Based Support | Yes |
| In person Customer Support | Yes |
Bank of Scotland Business Account Types
| Business Current Account | Yes |
| Business Savings Account | Yes |
| Business Credit Card | Yes |
| Business Overdraft | Yes |
| Accounts For Startups | Yes |
| Accounts For Charities | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | Yes |
Opening A Bank of Scotland Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
7 Working days |
| Do They Check Your Credit? | Yes |
| Current Account Switch Service | Yes |
Click to open a Bank of Scotland Business Account
Bank of Scotland Business Savings
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account |
| Lowest Savings Rate (AER) | 1.31% |
| Maximum Savings Rate (AER) | 4.37% |
| Minimum Savings Amount | £1 |
Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current Bank of Scotland rates
Bank of Scotland Fees & Charges
| Free Business Bank Account | Yes |
| Free Business Account Term Length | 12 Months |
| Cheapest Monthly Account Fee | £8.50 |
| Most Expensive Monthly Account Fee | £8.50 |
| Electronic Payment Cost (in/out) | Free / 20p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 |
| Cheques in/out | 85p per cheque |
| CHAPS Payments Cost | £30 |
| SEPA Payments Cost | £5 |
Bank of Scotland Foreign Currency Accounts
| US Dollar (USD) Bank Account | Yes |
| Euro (EUR) Bank Account | Yes |
| Interest Paid On Foreign Currencies | Yes |
Other Currencies Available:
- Swiss Franc (CHF)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- New Zealand Dollar (NZD)
- Hong Kong Dollar (HKD)
- Singapore Dollar (SGD)
- Japanese Yen (JPY)
- Chinese Yuan (CNY)
Other Bank of Scotland Business Services
| Business Loans | Yes |
| Commercial Mortgages | Yes |
| Invoice Financing | Yes |
| International Payments | Yes |
| Merchant Services | Yes |
| Card Machines | Yes |
| Free Accounting Software | Yes |
Click to visit the Bank of Scotland website
For other business bank accounts see out guide here.
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