Bank of Scotland

Bank of Scotland is one of the oldest banks in the UK, with a history dating back to 1695. It has been a subsidiary of Lloyds Banking Group since 2009. 

Lloyds Banking Group is listed on the London Stock Exchange and is a member of the FTSE 100.

As well as the Lloyds and Bank of Scotland brands, the group also owns Halifax, MBNA, Scottish Widows and Birmingham Midshires.

Bank of Scotland offers a comprehensive range of banking and insurance products. You can open a current account or savings account and take out a mortgage or personal loan. It also offers credit cards and several insurance products. 

Bank of Scotland
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Gold ribbon: first place

Bank accounts

Ranked 12th of 31 providers reviewed.

Customer happiness 64.77%
Customer trust 60.74%
Complaints performance 69.48%
Transparency rating 68.87%
Fairer Finance score
Reviewed Autumn 2021
66%
Gold ribbon: first place

Car insurance

Ranked 2nd of 54 providers reviewed.

Customer happiness 82.7%
Customer trust 81.62%
Complaints performance 77.35%
Transparency rating 70.72%
Fairer Finance score
Reviewed Autumn 2021
78%
Gold ribbon: first place

Credit cards

Ranked 2nd of 30 providers reviewed.

Customer happiness 61.59%
Customer trust 62.21%
Complaints performance 69.48%
Transparency rating 68.71%
Fairer Finance score
Reviewed Autumn 2021
66%
Gold ribbon: first place

Home insurance (building and contents)

Ranked 3rd of 51 providers reviewed.

Customer happiness 71.25%
Customer trust 72.32%
Complaints performance 73.29%
Transparency rating 66.03%
Fairer Finance score
Reviewed Autumn 2021
71%
Gold ribbon: first place

Personal loans

Ranked 10th of 23 providers reviewed.

Customer happiness 48.33%
Customer trust 48.95%
Complaints performance 69.48%
Transparency rating 78.88%
Fairer Finance score
Reviewed Autumn 2021
61%

Savings accounts

Ranked 19th of 46 providers reviewed.

Customer happiness 50.59%
Customer trust 56.37%
Complaints performance 69.48%
Transparency rating 78.89%
Fairer Finance score
Reviewed Autumn 2021
64%

Bank accounts

Basic bank accounts

Bank of Scotland

Basic Account

5 stars
Faster Payment limit i £25,000
Annual fee i £0
Maximum cash machine withdrawal per day i £500
Part of FSCS i

Current accounts

Bank of Scotland

Classic Account

4 stars
Annual fee i £0
Maximum cash machine withdrawal per day i £500
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0
Card payment fee (£) i £0
App capability? i

Bank of Scotland

Classic Account with vantage

4 stars
Annual fee i £0
Maximum cash machine withdrawal per day i £500
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0
Card payment fee (£) i £0
App capability? i

Foreign use bank accounts

Bank of Scotland

Basic Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Student Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Basic Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Classic Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Platinum Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Platinum Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Graduate Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Graduate Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Student Account

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £1.50
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Bank of Scotland

Classic Account (Inside Europe)

1 stars
Foreign cash withdrawal fee i 2.99%
Foreign cash withdrawal additional charge i £0
Foreign purchases fee i 2.99%
Is there a limit on free cash withdrawals? i

Overdrafts

Bank of Scotland

Platinum Account

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50
Arranged overdraft interest rate (representative EAR) i 39.90%

Bank of Scotland

Platinum Account with Vantage

2 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £50
Arranged overdraft interest rate (representative EAR) i 39.90%

Bank of Scotland

Classic Account

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0
Arranged overdraft interest rate (representative EAR) i 39.90%

Bank of Scotland

Classic Account with Vantage

1 stars
Risk based overdraft? i
Arranged overdraft interest free amount i £0
Arranged overdraft interest rate (representative EAR) i 39.90%

Premium bank accounts

Bank of Scotland

Platinum Account

3 stars
Add-ons, cashback and rewards i Worldwide AXA travel insurance (including winter sports) for holder & family; AA breakdown insurance; Mobile phone insurance from LSG; Card loss assistance
Part of FSCS or international equivalent i

Bank of Scotland

Platinum Account with Vantage

3 stars
Add-ons, cashback and rewards i Worldwide AXA travel insurance (including winter sports) for holder & family; AA breakdown insurance; Mobile phone insurance from LSG; Card loss assistance
Part of FSCS or international equivalent i

Student bank accounts

Bank of Scotland

Graduate Account

3 stars
Arranged overdraft limit i £2,000
Tiered repayment of overdraft i £2,000/£1,500/£1,000 - each year
Switching / sign up incentive i

Bank of Scotland

Student Account

3 stars
Arranged overdraft limit i £2,000
Tiered repayment of overdraft i £2,000/£1,500/£1,000 - each year
Switching / sign up incentive i

Car insurance

Bank of Scotland

Car Insurance (with guaranteed replacement car, keycare and RAC Breakdown)

4 stars
Cover limit for lost keys i £1,000
Courtesy car for duration of repair i
Uninsured driver promise i
Cover for replacing original audio/visual equipment i Unlimited
New car replacement
Windscreen repair excess i £0
Windscreen replacement excess i £75
Repairs guarantee (years) i 3 years
Cover limit for stolen keys i £1,000
24hr helpline available i
Courtesy car provided if stolen / total loss i

Bank of Scotland

Car Insurance

2 stars
Cover limit for lost keys i £0
Courtesy car for duration of repair i
Uninsured driver promise i
Cover for replacing original audio/visual equipment i Unlimited
New car replacement
Windscreen repair excess i £0
Windscreen replacement excess i £75
Repairs guarantee (years) i 3 years
Cover limit for stolen keys i £500
24hr helpline available i
Courtesy car provided if stolen / total loss i

Credit cards

0% balance transfer credit cards

Bank of Scotland

Low Fee 0% Balance Transfer

3 stars
Duration of balance transfer offer period i 22 or 14 months
Balance transfer fee during promotional period i 1.99%
Representative APR i 21.90%
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.67%
Risk based? i

Bank of Scotland

0% Purchase and Balance Transfer

3 stars
Duration of balance transfer offer period i 17 or 12 months
Balance transfer fee during promotional period i 2.99%
Representative APR i 21.90%
Balance transfer rate during promotional period i 0%
Representative balance transfer rate i 1.67%
Risk based? i

0% purchase credit cards

Bank of Scotland

0% Purchase and Balance Transfer

4 stars
Duration of purchases offer period i 17 or 12 months
Representative APR i 19.90%
Highest APR i 27.90%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.53%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Bank of Scotland

Low Fee 0% Balance Transfer

3 stars
Duration of purchases offer period i 9 or 6 months
Representative APR i 19.90%
Highest APR i 27.90%
Purchase rate during promotional period i 0%
Representative purchase rate i 1.53%
Number of days before interest is charged on purchases i 56 days
Risk based? i

Foreign use credit cards

Bank of Scotland

Low Fee 0% Balance Transfer

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 21.90%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.67%

Bank of Scotland

0% Purchase and Balance Transfer

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 21.90%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 1.67%

Bank of Scotland

Bank of Scotland Credit Card

1 stars
Foreign purchase fee i 2.95%
Foreign withdrawal fee i 5%
Representative APR i 9.90%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 0.79%

Low rate credit cards

Bank of Scotland

Bank of Scotland Credit Card

3 stars
Representative APR i 9.90%
Highest APR i 16.90%
Representative purchase rate i 0.79%
Risk based? i
Representative balance transfer rate i 0.79%
Representative money transfer rate i 0.79%

Money transfer credit cards

Bank of Scotland

Low Fee 0% Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 19.90%
Risk based? i
Representative cash transaction interest rate i 1.53%

Bank of Scotland

0% Purchase and Balance Transfer

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 19.90%
Risk based? i
Representative cash transaction interest rate i 1.53%

Bank of Scotland

Bank of Scotland Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 9.90%
Risk based? i
Representative cash transaction interest rate i 0.79%

Home insurance (building and contents)

Bank of Scotland

Home Insurance Comprehensive

4 stars
Matching sets i
Theft from outbuildings cover limit i £10,000
Escape of water excess i £50
Alternative accommodation cover limit i £100,000
Cover for keys if lost i Sum insured
Money in the home i £1,000
Replace belongings new for old i
24hr helpline i

Bank of Scotland

Home Insurance Comprehensive (with Pedal Cycle Cover)

4 stars
Matching sets i
Theft from outbuildings cover limit i £10,000
Escape of water excess i £50
Alternative accommodation cover limit i £100,000
Cover for keys if lost i Sum insured
Money in the home i £1,000
Replace belongings new for old i
24hr helpline i

Bank of Scotland

Home Insurance

2 stars
Matching sets i
Theft from outbuildings cover limit i £0
Escape of water excess i £500
Alternative accommodation cover limit i £30,000
Cover for keys if lost i £250
Money in the home i £500
Replace belongings new for old i
24hr helpline i

Bank of Scotland

Home Insurance (with Pedal Cycle Cover)

2 stars
Matching sets i
Theft from outbuildings cover limit i £0
Escape of water excess i £500
Alternative accommodation cover limit i £30,000
Cover for keys if lost i £250
Money in the home i £500
Replace belongings new for old i
24hr helpline i

Buildings insurance

Bank of Scotland

Home Insurance Comprehensive (with Pedal Cycle Cover)

4 stars
Finding & repairing a leak cover limit i £5,000
Cover for keys if lost i Sum insured
Matching sets i
Alternative accommodation cover limit i £100,000
Cover for keys if stolen i Sum insured
Compulsory excess i £50
Escape of water excess i £50
24hr helpline i
Property owner liability i £2,000,000

Bank of Scotland

Home Insurance Comprehensive

4 stars
Finding & repairing a leak cover limit i £5,000
Cover for keys if lost i Sum insured
Matching sets i
Alternative accommodation cover limit i £100,000
Cover for keys if stolen i Sum insured
Compulsory excess i £50
Escape of water excess i £50
24hr helpline i
Property owner liability i £2,000,000

Bank of Scotland

Home Insurance (with Pedal Cycle Cover)

2 stars
Finding & repairing a leak cover limit i £5,000
Cover for keys if lost i £250
Matching sets i
Alternative accommodation cover limit i £30,000
Cover for keys if stolen i £250
Compulsory excess i £100
Escape of water excess i £500
24hr helpline i
Property owner liability i £1,000,000

Bank of Scotland

Home Insurance

2 stars
Finding & repairing a leak cover limit i £5,000
Cover for keys if lost i £250
Matching sets i
Alternative accommodation cover limit i £30,000
Cover for keys if stolen i £250
Compulsory excess i £100
Escape of water excess i £500
24hr helpline i
Property owner liability i £1,000,000

Contents insurance

Bank of Scotland

Home Insurance Comprehensive (with Pedal Cycle Cover)

4 stars
Theft from outbuildings cover limit i £10,000
Matching sets i
Cover for keys if lost i Sum insured
Cover limit for cycles in the home i £500
Replace belongings new for old i
Alternative accommodation cover limit i £30,000
Money in the home cover limit i £1,000
Cover for keys if stolen i Sum insured
24hr helpline i

Bank of Scotland

Home Insurance Comprehensive

3 stars
Theft from outbuildings cover limit i £10,000
Matching sets i
Cover for keys if lost i Sum insured
Cover limit for cycles in the home i £0
Replace belongings new for old i
Alternative accommodation cover limit i £30,000
Money in the home cover limit i £1,000
Cover for keys if stolen i Sum insured
24hr helpline i

Bank of Scotland

Home Insurance (with Pedal Cycle Cover)

2 stars
Theft from outbuildings cover limit i £0
Matching sets i
Cover for keys if lost i £250
Cover limit for cycles in the home i £500
Replace belongings new for old i
Alternative accommodation cover limit i £20,000
Money in the home cover limit i £500
Cover for keys if stolen i £250
24hr helpline i

Bank of Scotland

Home Insurance

1 stars
Theft from outbuildings cover limit i £0
Matching sets i
Cover for keys if lost i £250
Cover limit for cycles in the home i £0
Replace belongings new for old i
Alternative accommodation cover limit i £20,000
Money in the home cover limit i £500
Cover for keys if stolen i £250
24hr helpline i

Investing and pensions

Fund and Share Accounts (for high frequency trading)

Bank of Scotland

Share Dealing Account

Our ratings for Fund and Share Accounts (for high frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Fund and Share Accounts (for low frequency trading)

Bank of Scotland

Share Dealing Account

Our ratings for Fund and Share Accounts (for low frequency trading) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.

Self-invested Personal Pensions (SIPPs)

Bank of Scotland

Bank Of Scotland SIPP

Our ratings for Self-invested Personal Pensions (SIPPs) are hosted exclusively on The Times Money Mentor site.

Go there now to find out how we rated this product.