Bank of Scotland Ultimate Reward Current Account

Open an Ultimate Reward Current Account and in addition to getting all the features you'd expect, you will get plenty of other benefits for just £12.50 a month. Plus, we will give you a £5 reward payment each month you pay in £1,000.

Here’s what you will get:

• £300 of any arranged overdraft is fee-free – above that amount we will simply charge you a daily overdraft fee every day you use your overdraft.
  Find out more in the overdrafts section
• Additional benefits including worldwide multi-trip, family travel insurance, AA Breakdown Cover and mobile phone insurance as well as other great benefits and exclusive offer.
• A £5 reward from us each month you pay £1,000 into your account
• All the standard features you would expect from a bank account, including a Visa debit card

View more detail on the Ultimate Reward Current Account benefits and features, the overdraft features or apply now.

Product underwriter details

Fee-free overdraft
The first £300 of any arranged overdraft is fee-free. For overdrafts over £300, we will charge a daily fee for every day you use your overdraft. You need to be aware that you may not get a £300 fee-free overdraft.

Find out more in the overdrafts section.

Insurance benefits
You normally have to pay separately for insurance cover, but with the Ultimate Reward Current Account, it all comes in one convenient package:

• Worldwide multi-trip travel insurance for two adults (aged under 71) and all your children (children must be aged under 16, or under 23 if in full-time education) – including winter sports cover and golf trips. Medical exclusions may apply
• AA Breakdown Cover - roadside assistance when you need it most. You’re covered as a driver or a passenger in any eligible vehicle if you breakdown more than 1/4 mile from home
• AA Accident Management - assistance in arranging the repair, recovery and claim processing
• Mobile phone insurance at home and abroad if your mobile phone is lost, stolen or damaged. You’re covered anywhere in the world. Insurance is valid 15 days after registration of your mobile phone
• Home emergency cover – from burst pipes to broken windows, get the help and repairs you need
• Card protection for all your registered debit, credit, store and charge cards if they’re lost or stolen, whether at home or abroad
• Travel accident cover – protection if you have an accident while travelling on public transport in the UK or abroad
• Identity theft assistance – with identity fraud a growing problem in the UK, we'll provide help and support on our free advice line open 24 hours a day, 365 days a year
• Purchase protection covering the items you buy with your Ultimate Reward Visa debit card if they’re lost, stolen or accidentally damaged
• Price promise – if you buy an item with your Ultimate Reward Visa debit card and then see it cheaper elsewhere, you can claim back the difference from us

You may want to consider any existing insurance policies you have with Bank of Scotland or any other providers as you may already have equivalent cover. Although the Ultimate Reward Current Account brings all these insurance policies into one convenient package, you may want to consider if it's the right Bank of Scotland current account for you.

Exclusive offers
Your Ultimate Reward Current Account also comes with a range of exclusive product offers including:

• 15% discount on Halifax car insurance
• 15% discount on Halifax home and contents insurance
• £150 bonus payment when you take out a First Time Buyer or Home Mover Mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage
• An Ultimate Reward discount card - providing a range of offers including 20% off a service and MOT with Kwik Fit and 20% discount off car rental with Avis. Visit our Ultimate Reward discount site for more details

Standard account features

• A Visa debit card
• 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

The first £300 of any overdraft you arrange is fee-free. Above that amount, we will charge a daily overdraft fee each day you use your overdraft. You need to be aware that you may not get a &pond;300 fee-free overdraft.

As we charge fees on this account instead of interest, the typical rate is 0% EAR.

Apply for an Ultimate Reward Current Account now

Opening an Ultimate Reward Current Account is easy. Take a look at the Getting Started Guide for further information.

If you are new to online banking

If you are an online banking customer sign in to apply

Or you can call us on 08457 20 30 40 between 8am and 8pm Monday to Friday, 8am to 6pm on Saturdays and 9am to 5pm on Sundays. Alternatively, call into any Bank of Scotland branch and speak to one of our staff.

Would you like to switch bank account?
All you need to do is:
1. Apply online now for the Ultimate Reward Current Account
2. Complete the ‘Switching details’ section in the application
3. Leave the rest to us – our Switching Team will be in touch to confirm your details

Your account transfer should all be taken care of within 28 days provided there are no unexpected delays. Plus we will give you a fee-free overdraft for 90 days* to help you just in case.

Or are you looking to upgrade?
Upgrading from your existing Reward Current Account or Current Account is really easy. You’ll keep the same account number and sort code and all your direct debits and other payments will be automatically transferred. All you need to do is:
1. Sign in to Online Banking
2. Click the 'Upgrade this account' next to your existing Reward Current Account or Current Account
3. Complete the simple upgrade form

And we’ll do the rest.