Current Accounts Product Details

Bank of Scotland

Classic - with Vantage

Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £0.01 per day for each complete £6.00 overdrawn.

General Account Details

Regular Funding/Income: Min £1000.00 Per Month (Minimum two direct debit mandates on account per month)
Min 18 Years
None
None
None

Account Management

  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes

Facilities

  • Yes
  • Yes
  • Yes
  • Yes
  • Visa
  • £500
  • Yes

Benefits

- Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Bank of Scotland credit or debit card. Customers must be registered for Online Banking and hold a Bank of Scotland current account to be eligible.
Everyday Offers - Earn a one-off cashback amount when take out a Direct Debit subscription with participating retailers. Customers must be registered for Online Banking and hold a Bank of Scotland current account to be eligible.
Free entry into “It’s on Us”, for the chance to have any transaction up to £500 refunded, drawn per month.

Credit Interest Rates

BalanceGross Rate %AER %
£1.00 - £5000.001.49% 1.50%
£5000.01 +0.00% 0.00%

Arranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Day0.00%
£0.01 to £1250.00:- £0.01 per day for each complete £6.00 overdrawn. £1250.01 to £2500.00:- £0.01 per day for each complete £7.00 overdrawn. £2500.01 and over:- £0.01 per day for each complete £8.00 overdrawn
£0.01 and over:- £0.00 Per Request
£0.01 and over:- £0.00 Per Request
14:30 same day
N/A
N/A

Unarranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Day0.00%
£0.01 and over:- £0.00 Per Day
£0.01 and over: £0.00
14:30 same day
N/A
N/A
£0.00

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide

  • 2.99% Charges levied at time of transaction / 2.99% Charges levied at time of transaction
  • £0.50 / £0.50

Cash withdrawal in a foreign currency in Europe / Worldwide

  • 2.99% Charges levied at time of transaction / 2.99% Charges levied at time of transaction
  • £1.50 Charges levied at time of transaction / £1.50 Charges levied at time of transaction

Service Performance

The table below shows this provider's current account service performance.

The information shown covers all of their main current accounts, not just this specific account.

ServiceCompleted same day %Completed on average (days)Complete for 99% of customers
Open a current account*98% 1 day
Get a debit card5 days8 days
Get Internet banking65% 2 days7 days
Get an overdraft99% 1 day
Replace a lost debit card3 days9 days
* Once all requested documents and information have been received.
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