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Important Information
This information is an overview of Bank of Scotland Ultimate Reward Current Account, Bank of Scotland Reward Current Account, Bank of Scotland Current Account, Student Current Account, Cardcash and Expresscash. Each account has its own conditions and you should read these before opening an account.
You can withdraw up to £1,200 a day from any Bank of Scotland branch without giving notice.
Ultimate Reward Current Account
The insurance cover and other services that come with the Ultimate Reward Current Account Benefits Package are renewed every month and will end if: (i) your Ultimate Reward Current Account is closed; (ii) you fail to pay the monthly fee for the account; (iii) your account is changed to another type of account with us; (iv) your residential address is no longer in the UK. Any other insurance policies that you yourself have taken out at a discount as part of the benefits package will not be affected.
Pay in £1,000 monthly to receive £5 (net)/£6.25 (gross) monthly. The reward is paid net of income tax (at the rate specified by law, currently 20%). This may change in the future. Higher-rate tax payers may need to pay additional tax on the reward.
Worldwide multi-trip travel insurance is administered by FirstAssist Insurance Services Limited and underwritten by Great Lakes Reinsurance (UK) plc.
AA Breakdown Cover is provided by the AA (The Automobile Association Limited). Accident Management is underwritten by Acromas Insurance Company Limited.
Mobile phone insurance is administered by STAMS Limited and underwritten by London General Insurance Company Limited.
Home emergency cover is administered by Homeserve Claims Management Limited and underwritten by Inter Partner Assistance S.A.
Card Care card protection is underwritten by St Andrew’s Insurance plc.
Travel accident cover is administered by FirstAssist Insurance Services Limited and underwritten by Great Lakes Reinsurance (UK) plc.
Purchase protection is underwritten by St Andrew’s Insurance plc.
Price promise is underwritten by St Andrew’s Insurance plc.
'Underwriting' is the process of assessing risks and setting the cost of insuring against them.
Ultimate Reward Current Account Car Insurance terms & conditions
The 15% discount offer applies to Bank of Scotland Ultimate Reward Current Account customers who take out a new Halifax car insurance policy by calling 0800 917 1791. Customers obtaining a quote and/or purchasing online via a price comparison website or any other website are not eligible for the discount. The 15% discount applies to the premium payable in respect of the main policy only and does not apply to add-on products (for example Legal Protection). This offer can be withdrawn at any time, subject to applicable law. Halifax Car Insurance is underwritten by a panel of insurers and arranged and administered by BISL Limited. Calls may be recorded and monitored for training, compliance and quality purposes.
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Halifax Reward Current Account
Pay in £1,000 monthly to receive £5 (net)/£6.25 (gross) monthly. The reward is paid net of income tax (at the rate specified by law, currently 20%). This may change in the future. Higher-rate tax payers may need to pay additional tax on the reward.
To get credit we must be satisfied with your personal and financial circumstances, and you must be 18 or over. Your account must have £100 in it for at least 24 hours before we can send you your Visa debit card. You can get more details from your local branch.
Halifax is a division of Bank of Scotland plc. Registered in Scotland. Registration number SC327000. Registered office: The Mound, Edinburgh, EH1 1YZ.
Details of interest rates and fees
Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000). The £50,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call 020 7892 7300 or 0800 678 1100.
Deposits with us are held with Bank of Scotland plc. Accounts with Bank of Scotland plc include accounts with its divisions and trading names: Halifax, Intelligent Finance (IF), Birmingham Midshires (BM Savings), Bank of Scotland, Bank of Scotland Private Banking, Bank of Scotland Germany, Bank of Scotland The Netherlands, St James's Place Bank and St James's Place Private Bank. Some savings accounts under the AA Savings, Saga and Charities Aid Foundation brand names are also deposits with Bank of Scotland plc. An eligible depositor’s £50,000 limit relates to the combined amount in accounts under all of these names.
If you are unsure whether your account is held with Bank of Scotland plc please check your account literature.
For the conditions applying to the Travel Money Service, please see our Travel Money section.
Bank of Scotland plc (trading as Halifax) and St Andrews Insurance plc (registration number 202932) are authorised and regulated by the Financial Services Authority and are on the FSA Register. You can see details on www.fsa.gov.uk (new window).
Halifax is licensed under the Consumer Credit Act 1974 by the Office of Fair Trading. You can get more details from www.oft.gov.uk (new window).
Checking your statements
If you see any transactions you're not aware of, ring the Bank account, Savings or Investments numbers.
We aim to please, but we know that things sometimes go wrong.
If we cannot settle your complaint you can refer it to the Financial Ombudsman Service.
This website contains links to sites run by organisations outside our group of companies. We are not responsible for these sites.
You can get information about our complaints procedures online.
If you have a problem with your agreement, please contact us to try to resolve it with us in the first instance.
If you are not happy with the way in which we handled your complaint or the result, you may be able to complain to the Financial Ombudsman Service. If you do not take up your problem with us first you will not be entitled to complain to the Ombudsman. We can provide details of how to contact the Ombudsman.
We believe that the Bank of Scotland website tells you all you need to know to make an informed decision about taking out one of our products.
If you'd like more general information, the Financial Services Authority (FSA), the financial services watchdog, provides a range of free consumer booklets and factsheets and a Consumer Helpline.
You can visit their website or call 08456 06 12 34.
The FSA have a wealth of helpful information on a wide range of financial areas. However, they can only provide general information and cannot give specific advice or recommend any company's products, investigate individual complaints or contact firms on behalf of individuals.
This website contains links to sites operated by persons outside our group of companies. We are not responsible for the privacy principles, content or the products and services provided through these sites.
Next Steps
If there’s anything you don’t understand or can’t find, please phone us on 08458 50 37 04 8am-8pm, seven days a week.