+£175
22 mins
Bank of Scotland
£175 Free Cash•22 mins
£175 Free Cash
+£175What is Bank of Scotland?
Bank of Scotland is one of the UK's oldest banks, founded in 1695. It's part of Lloyds Banking Group and offers current accounts, savings, mortgages and credit cards, with branches across Scotland and the rest of the UK.
The Classic Current Account is fee-free with no minimum monthly pay-in, so there is nothing to cancel or downgrade once you have claimed your bonus.
Launched
1695
Google Play
4.6 (52k)
★★★★★★
Key Terms
Profit
+£175
Credit checkHard check
Direct debits3
Free cash£175
Free cash arrives20 days
Eligibility: No switching bonus from Bank of Scotland, Lloyds or Halifax since January 2023
Step by Step Guide
Chris's overview
Optional·2 min read
Bank of Scotland is offering £175 free cash to switch your current account, and it is one of the easiest switches around. There is no minimum pay-in and no card spending to track. You just need your old account to have at least 3 active Direct Debits, and these move across automatically when you switch.
The switch takes about 7 working days through the Current Account Switch Service, and your £175 lands within 14 working days of starting it. One thing to check first: you cannot claim if you have had a switching bonus from Bank of Scotland, Lloyds or Halifax since January 2023, and you cannot switch from an existing Lloyds or Halifax account.
Pre-switch checklist
Optional·1 min check
Before starting a switch, check the existing current account you're switching from:
1
Apply for the Classic Current Account
You are here15 mins
- Use the button below to start your Bank of Scotland Classic Current Account application
- Choose to switch your current account using the full Current Account Switch Service
- Enter your existing bank's sort code and account number, then pick a switch date
- Complete ID verification to finish your application
Check your current account has at least 3 active Direct Debits before you switch. These move across automatically.
Keep 3 Direct Debits active
2
Wait for the switch to complete9d
5 mins
Switch completes within 7 working days
- The Current Account Switch Service moves your Direct Debits, standing orders and incoming payments automatically
- Your old account closes once the switch is complete
- Bank of Scotland confirms when everything has moved across
3
Receive £175 free cash+11d
2 mins
£175 paid within 14 working days of starting your switch
- Check your Bank of Scotland account for the £175 cash credit
- Keep Bank of Scotland as your main account, or switch it on to your next bank switch offer
Offer Complete
Done? Tick off each step above to see your total.
Quick Bank of Scotland Review
Completed the offer? Awesome! Here's our full review on why Bank of Scotland could work well for you going forward.
For a first switch, Bank of Scotland is hard to beat. The £175 is among the easiest switching bonuses to claim because there is no money to pay in and nothing to spend. You just need your old account to have three active Direct Debits, and those move across automatically with the switch.
As an everyday bank it is solid rather than exciting: free, reliable and app-based, but without the interest or rewards some rivals offer.
If you have not had a switch bonus from this banking group since January 2023, it is a clean, low-effort win, and a sensible first step before moving on to other switch offers.
