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Receiving and sending funds
Bank of Scotland makes it easy to move your money.
Take a look at the quick and easy money transfers available from your Bank of Scotland current account.
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Paying money into your account
The table below explains when you can take money out of your account after paying in cash, cheques or automated payments. Your deposit receipt will tell you the withdrawal date.
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Type of payment |
Where paid in |
When you can withdraw funds |
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1. Cash (all bank accounts) |
In branch before 5pm, |
Same day (if paid in after |
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Cash machines in Scotland and in Berwick and Wooler |
Next bank working day |
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2. Cheques Current accounts |
In branch or post received |
Three bank working days later (not counting the day of deposit) |
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In branch or post received |
Four bank working days later (not counting the day of deposit) |
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Cash machines in Scotland and in Berwick and Wooler |
Four bank working days later (not counting the day of deposit) e.g. pay in Monday, withdraw Friday |
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3. Cheques Expresscash Cardcash Easycash |
In branch or post received before 5pm or using Express Pay-in before 4pm) |
Four bank working days later (not counting the day of deposit) e.g. pay in Monday, withdraw Friday |
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In branch or post received after 5pm, or using an Express Pay-in after 4pm |
Five bank working days days later (not counting the day of deposit) e.g. pay in Monday, withdraw the following Monday |
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Cash machines in Scotland and in Berwick and Wooler |
Five bank working days later (not counting the day of deposit) e.g. pay in Monday, withdraw the following Monday |
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4. Automated payments For example, standing orders, Bacs, CHAPS, International Electronic Funds Transfer |
Automatically through the UK banking system, including automated payments using telephone or online banking |
From day of receipt |
'Day' means 'bank working day' – any day between 9am and 5pm which is not a Saturday, Sunday or English bank or public holiday.
Special arrangements apply to paying in:
- cash in foreign currencies
- cheques in foreign currencies or from foreign banks
- cash or cheques paid in at some of our agencies in the UK, or
- cash or cheques paid in at any agencies outside the UK.
For more information, please ask at any branch.
If you pay a cheque into your account and we let you take some or all of its value out of your account, this does not mean that the cheque has been paid by the paying bank. If the cheque is returned to us without it being paid we may take the amount of the cheque out of your account, unless more than six bank working days have passed since the day you paid in the cheque. This is more commonly known as 'certainty of fate'. After six bank working days we can only take the amount of the cheque out of your account if you have been a knowing party to fraud.
If you want to be sure that a cheque has been paid in or out of your account before six bank working days have passed, you should ask us to deal with the cheque by our ‘Special Presentation’ service. If you use this service and we confirm to you that the cheque has been paid, you can be sure that the funds are available for withdrawal. You should use this service if it is very important for you to know that the cheque has been paid, for example if the cheque has a high value.
Sending money from your account
Regular debit card payments
Pay regular bills automatically, such as magazine subscriptions or insurance, using your debit card. You agree the payments with the company or organisation, often by telephone. If you need to cancel a payment, you'll need to speak directly to the organisation that set it up.
Electronic UK transfers
Pay your Bank of Scotland credit card
As a Bank of Scotland current account customer, you have two options to quickly pay your Bank of Scotland or Halifax credit card:
- Pay using your debit card.
- Transfer the money to pay your bill online or by telephone.
CHAPS (Clearing House Automated Payments System) is a method of sending usually high-value payments (for example, to buy a car).
Payments are guaranteed to arrive safely and securely, and cost only £25 each.
To send a CHAPS payment you'll need the receiving account name, number and sort code.
The funds will arrive at the destination bank on the same day if we receive your instruction before 1.30pm on a bank working day.
You can also receive funds into your account by CHAPS transfer. We will credit your account with cleared funds the same day if we receive them before 4pm; otherwise the funds will be credited the next bank working day.
The sending bank should quote your account number and sort code.
Without these, or if any incorrect details are provided, we cannot credit your account and may return the funds to the sending bank.