Bank of Scotland Reward Current Account

Isn’t it time your bank thanked you properly for your custom?

We think so, too. That’s why we’ve launched a bank account that replaces the usual interest payments with something that’s easy to understand – and potentially far more rewarding.

How it works:

• We'll give you £5 each month you pay in £1,000, whether you're in credit or overdrawn.
• Our overdraft fees are simple to understand, making it easy to manage your money.
• You get everything you'd expect from a bank account.

This account could suit you even better

With our Ultimate Reward Current Account, you won’t just get a £5 reward payment each calendar month you pay in £1,000. You’ll also enjoy a great range of benefits, including worldwide multi-trip travel insurance, the first £300 of any arranged overdraft is fee-free and RAC breakdown cover. All for just £12.50 a month. Overdrafts are subject to status. Find out more about our Ultimate Reward Current Account.

Why it pays to bank with Bank of Scotland…

• We will give you a monthly reward of £5 each month you pay £1,000 into your Reward Current Account.

Your easy-to-manage overdraft

• You have the option to arrange an overdraft if you need to and you’ll find our overdraft fees straightforward to understand.
• You pay daily overdraft fees rather than interest, making it easy to manage your money. See the 'Overdrafts' tab for more details.  
• You can keep track of your money with a free mobile alerting service.

All the standard features you'd expect from a current account

• A Bank of Scotland Visa debit card. Your best way to pay – everyday, everywhere, for everything.
• Use of cash machines, for money in an instant. Withdraw up to £300, get mini statements, check your balance and top up your mobile.
• Access to any of our branches, as well as our 24-hour telephone and online banking service.
• A secure place to pay in your salary and other regular credits. Plus, the facility to set up direct debits so that you can manage your payments with ease.

Your overdraft made easy

Do you know how much interest you pay if you go overdrawn? Not many people do, so we're keeping things simple. We'll use a fixed daily fee that's easy to track. Staying in control of your finances has never been simpler.

Here’s how our Reward Current Account works:

With a Reward Current Account you won’t have to pay any other fees if you go overdrawn, so you need never worry. It makes perfect sense. What's more, we won't charge you any fees, as long as you pay in enough money to bring your bank account back into credit by the end of the day. As we charge fees on this account instead of interest, the typical rate is 0% EAR.

Managing your account

We know that keeping track of your money is not always easy, so we're offering a free mobile alerting service as part of the Reward Current Account.

If you choose to register for this service, we'll send you a text message if you go into an unarranged overdraft. Then, every 7 days or so after that, we'll send you a reminder text if you remain in an unarranged overdraft.

An unarranged overdraft is an overdraft that you have not arranged with us in advance.

We'll stop sending you texts when your account is back within your arranged overdraft or in credit.

You can register for the mobile alerting service online. Remember it's a free service that could help you manage your Reward Current Account.

Opening a Reward Current Account or simply switching from your existing UK current account is really easy. Then you can relax and enjoy your new, more rewarding account.

Online.
Are you a new customer? 

Are you an existing online banking customer? 

By phone.

Call us on 08457 21 31 41 between 8am and 8pm Monday to Friday, 8am to 6pm on Saturdays and 9am to 5pm on Sundays

In person.

Call into any Bank of Scotland branch and apply there and then