Bank of Scotland - £175 when you switch current account 🔥

Free Money — Bank Switching— Bank of Scotland

Time needed 15 minutes

Deposit £1,250

The Bank of Scotland is Scotland's oldest bank and a major commercial and retail banking institution, part of the Lloyds Banking Group. Right now, you can switch to Bank of Scotland and get a £175 bonus.

To claim your £175 bonus:

1. Sign up here - apply online to switch a current account held elsewhere (make sure you go through the Current Account Switching Service).

2. Switch to a new Classic, Silver or Platinum account, including those with Vantage.

3. Transfer a minimum of 3 active direct debits from your old account.

4. Meet all the conditions, and they will pay the £175 into your account within 14 working days of your switch starting.

You can’t take part in the offer if:

•  You open a Student Current Account, Smart Start, Under 19’s or a Basic Account

• You switch from a Halifax or Lloyds current account.

• You change your existing account you hold with Bank of Scotland to a differentBank of Scotland current account.

•  You’ve received a switching offer since 01 January 2023 for switching to any Lloyds, Bank of Scotland or Halifax Bank account.

• You are switching to a joint account and one of the parties to the joint account has already received a switching offer since 01 January 2023.

👉 [Join the discussion for this offer here]

👉 [See our full guide on switching banks and setting up simple direct debits]

👉 [Get notified about new offers here]

👉 [Need to see the T&Cs for this offer? Click here]

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FAQ’s

• Is my money safe with RBS?

  Yes — money held with Royal Bank of Scotland is safe and protected.

  • Covered by the Financial Services Compensation Scheme (FSCS)

  • Protection up to £85,000 per person

  • Regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA)

• Which banks are linked to RBS?

  RBS is part of the NatWest Group, which includes:

  • NatWest

  • Ulster Bank

  Important:

  • These brands may share a banking licence, meaning FSCS protection is combined across them

  • So the £85,000 limit applies across the group, not per brand

• How do I qualify for an RBS switch bonus?

  RBS often runs switching offers (typically £150–£200+). To qualify, you usually need to:

  1. Open a new RBS current account

  2. Use the Current Account Switch Service (CASS)

  3. Switch from another bank (closing your old account)

  4. Transfer at least 2 active direct debits

  5. Pay in a minimum amount (often £1,250–£1,500 within a set time)

  6. Log in to mobile banking

• Who is eligible for the RBS switch offer?

  You’ll usually qualify if you:

  • Are a new RBS/NatWest/Ulster Bank customer

  • Have not received a switch bonus from the group recently

  • Complete a full switch via CASS

  • Meet deposit and direct debit requirements

  Existing customers are usually not eligible.

• What direct debits can I use for an RBS switch bonus?

  You normally need at least 2 active direct debits.

  ✅ Examples that count:

  • Council tax

  • Energy bills (gas/electric)

  • Broadband or mobile contracts

  • Insurance payments

  • Credit card repayments

  • Charity donations (e.g. £1/month)

  Read our full guide on setting up simple direct debits here.

• How do I contact RBS?

  • App & online banking: Use in-app chat (Cora chatbot + live agents)

  • Phone (UK): 0345 724 2424

  • Address: Visit one of the RBS branches.