Bank of Scotland

Bank of Scotland Information

Bank of Scotland, which was established in 1695, is among the oldest financial institutions in the UK. Under FCA regulation, it offers a thorough spectrum of financial services including personal services, corporate services, and private banking services. Serving families and people, it offers several account options via mobile and internet banking services.

Pros and Cons

Is Bank of Scotland Legit?

Yes, it is regulated. Effective since 2001, it holds a Market Maker (MM) license from the UK Financial Conduct Authority (FCA) under license number 169628.

Products and Services

Bank of Scotland offers personal services, business services, and private banking services. When it comes to persenal services, the products include savings, loans, credit cards, mortgages, insurance, and investment products.

Account Types

Designed for different age groups and financial needs, Bank of Scotland provides seven types of live (real) accounts. It does not offer Islamic or demo accounts. From simple banking to premium services with travel and insurance benefits, every account has different features.

Bank of Scotland Fees

Bank of Scotland's fees are generally moderate to high compared to standard UK retail banking. While some basic accounts come with no monthly fee, packaged accounts (like Silver and Platinum) include service bundles with monthly charges. Overdraft and credit card charges follow standard UK industry ranges.

Trading Platform

Deposit and Withdrawal

Bank of Scotland supports domestic and international payment methods, including one-off payments, recurring transfers, and international transactions.