Bank of Scotland - £175 when you switch current account 🔥
The previous bank switching promotion is no longer available.
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Free Money — Bank Switching — Bank of Scotland
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:
Sign up here - apply online to switch a current account held elsewhere (make sure you go through the Current Account Switching Service).
Switch to a new Classic, Silver or Platinum account, including those with Vantage.
Transfer a minimum of 3 active direct debits from your old account.
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
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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)
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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
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RBS often runs switching offers (typically £150–£200+). To qualify, you usually need to:
Open a new RBS current account
Use the Current Account Switch Service (CASS)
Switch from another bank (closing your old account)
Transfer at least 2 active direct debits
Pay in a minimum amount (often £1,250–£1,500 within a set time)
Log in to mobile banking
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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.
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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.
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App & online banking: Use in-app chat (Cora chatbot + live agents)
Phone (UK): 0345 724 2424
Address: Visit one of the RBS branches.
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