Score
United Kingdom | 20+ years |https://www.bankofscotland.co.uk/
Website
Rating Index
Influence
A
Influence Index NO.1
United States 5.18 
Forex License 1Licensed Entity：BANK OF SCOTLAND PLC
License No. 169628
United Kingdom 
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JONATHAN SCOTT WHEWAY
United Kingdom
Director
Appointment Date
Status
Current Employee
BANK OF SCOTLAND PLC(United Kingdom)
ROBIN FRANCIS BUDENBERG
United Kingdom
Director
Appointment Date
Status
Current Employee
BANK OF SCOTLAND PLC(United Kingdom)
SARAH CATHERINE LEGG
United Kingdom
Director
Appointment Date
Status
Current Employee
BANK OF SCOTLAND PLC(United Kingdom)
| Bank of Scotland Review Summary | |
| Founded | 1695 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA |
| Products & Services | Personal, Business, Private Banking |
| Demo Account | ❌ |
| Trading Platform | Mobile Banking App (iOS, Android), Online Banking (Web) |
| Customer Support | Phone: 0345 721 3141 / +44 131 337 4218 |
| Online Chat | |
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 | Cons |
| Regulated by the UK FCA | No demo or Islamic account |
| Comprehensive financial services | Relatively high fees on premium accounts |
| Strong mobile and online banking platforms | Limited trading instruments |
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.
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.
| Personal Services | Description |
| Savings Accounts | Multiple account options to help achieve various savings goals |
| Investments | Ready-Made Investments starting from £50/month |
| Current Accounts | Includes Silver Account with travel, breakdown, and mobile insurance benefits |
| Credit Cards | Different credit card options with eligibility check that doesnt affect credit score |
| Personal Loans | Personalized loan offers based on financial profile |
| Mortgages | Halifax mortgage solutions with low rates |
| Life Insurance | Life and critical illness cover up to £500,000 via Scottish Widows |
| Home Insurance | Bronze, Silver, and Gold tiers with flexible monthly payment options |
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.
| Account Type | Monthly Fee | Key Features | Suitable For |
| Classic Account | £0 | Everyday banking, cashback, add Vantage for interest | General personal banking users |
| Silver Account | £11.50 | Travel insurance, mobile insurance, no card fees abroad | Travelers and users wanting perks |
| Platinum Account | £22.50 | Enhanced travel cover, AA Breakdown, mobile insurance | Frequent travelers & families |
| Student Account | £0 | Interest-free overdraft, student-targeted offers | Full-time students |
| Smart Start | £0 | Linked parent-child accounts with savings interest | Kids aged 11–15 |
| Under 19s Account | £0 | Interest-earning, limited online banking, no overdraft | Teenagers aged 11–17 |
| Basic Account | £0 | Simple account with no overdraft or charges for going overdrawn | Those needing essential banking only |
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.
| Service/Account Type | Fee |
| Classic Account | £0/month |
| Silver Account | £11.50/month |
| Platinum Account | £22.50/month |
| Student Account | £0/month |
| Under 19s/Smart Start | £0/month |
| Basic Account | £0/month |
| Overdraft (Arranged) | Variable (based on credit profile) |
| Foreign Card Usage (Classic) | 2.99% transaction fee |
| ATM Withdrawals (UK) | Free from Bank of Scotland ATMs |
| Late Payment (Credit Card) | Up to £12 |
| Trading Platform | Supported | Available Devices | Suitable For |
| Mobile Banking App | ✔ | iOS, Android smartphones | Everyday users manage finances on the go |
| Online Banking (Web) | ✔ | Desktop, Laptop, Tablet (via browser) | Users who prefer website |
| MetaTrader (MT4/MT5) | ❌ | – | Not available |
Bank of Scotland supports domestic and international payment methods, including one-off payments, recurring transfers, and international transactions.
| Category | Available Actions |
| One-off Payments | Pay someone new, Pay someone again, Transfer between own accounts, CHAPS large payments, Request a payment |
| Regular Payments | Set up recurring card payments (subscriptions), Direct Debits, Standing Orders |
| International Payments | Send money abroad, Receive money from outside the UK |
FCA Warning List of unauthorised firms Freemans Online / Freemans Escrow Solutions (Clone of FCA authorised firm)
Country / Region
Disclosure Date
2022-03-24
FCA Warning List of unauthorised firms https://fortgoldadvance.com (clone of FCA authorised firm)
Country / Region
Disclosure Date
2021-08-06
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