Eligibility criteria apply. Check terms on Bank of Scotland's website before applying.
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Bank of Scotland Offer Summary
Offer ends 29 June 2026. Terms may change at the provider's discretion.
Detailed Information
Bank of Scotland is paying £175 to new switchers who move their main current account using the Current Account Switch Service. You need to open a Classic, Silver, Platinum (or any account with the Vantage add-on) and transfer at least 3 active Direct Debits from your old bank. The reward lands within 14 working days of the switch starting.
Open between 19 May 2026 and 29 June 2026 — the offer can be withdrawn early without notice, so don’t wait. Halifax and Lloyds switchers are excluded (same banking group), and you can’t have received a Lloyds Banking Group switch incentive since 1 January 2023.
Is Bank of Scotland Right for You?
Key Features
- £175 cash within 14 working days of starting the switch
- Classic Account is free to run
- Silver and Platinum add insurance perks (monthly fee)
- Mobile and online banking with Bank of Scotland app
- Cash machine network across the UK
Things to Consider
- Cannot switch from Halifax or Lloyds (same banking group)
- Locked out if you've had a Lloyds Group switch bonus since 1 January 2023
- Student, Smart Start, Under 19, and Basic Accounts ineligible
- Silver / Platinum tiers have monthly fees
- Existing Bank of Scotland customers cannot apply
Eligibility Requirements
- Open a new Bank of Scotland Classic, Silver, or Platinum account (or any account with the Vantage add-on)
- Must be 18+ and a new Bank of Scotland customer
- Switch using the Current Account Switch Service (CASS) from another bank
- Transfer at least 3 active Direct Debits as part of the switch
- Start the switch between 19 May 2026 and 29 June 2026
- Cannot switch from a Halifax or Lloyds account (same banking group)
- Cannot have received a Lloyds Banking Group switching incentive since 1 January 2023
Always verify the current requirements on Bank of Scotland's website before applying, as terms may change.
How the Switch Works
Bank of Scotland uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 14 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- Reward lands within 14 working days of starting the switch — one of the fastest on the market
- Make sure your 3 Direct Debits are 'active' (have taken payment at least once) before switching
- Standing orders and recurring card payments don't count towards the 3 DDs
- If you're switching from Halifax or Lloyds, this offer isn't available — same banking group
- Watch out for the Lloyds Banking Group cooldown: no switch bonus from BoS/Halifax/Lloyds since 1 Jan 2023
Common Issues
- Trying to switch from Halifax or Lloyds — same banking group, not eligible
- Setting up Direct Debits after the switch starts — only DDs transferred via CASS count
- Confusing standing orders or recurring card payments with Direct Debits — only DDs count
- Opening a Student, Smart Start, Under 19, or Basic Account — not eligible for the offer
- Joint accounts where one party received a Lloyds Group bonus since 1 Jan 2023 — disqualifies both
Need Direct Debits? If you don't have 2 active Direct Debits for the switch, you can support Scrimpr via Direct Debit (50p or £1/month) — it counts towards the requirement and helps keep this site free.
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and Bank of Scotland reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on Bank of Scotland's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
Direct link to Bank of Scotland. Scrimpr earns no commission from this link and isn't endorsed by Bank of Scotland. Eligibility criteria and terms apply. Not all applicants will qualify. Bank of Scotland is regulated by the FCA (Register: 169628).
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with Bank of Scotland.
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