Bank of Scotland - £175 Switch Bonus

Overview

Bank of Scotland is offering £175 to new customers who switch their main current account using the Current Account Switch Service (CASS). The new account must be opened between 19 May 2026 and 4 August 2026, and the switch started by 4 August 2026.

Unusually for a UK switch bonus, there's no minimum pay-in requirement — just a full CASS switch with three active direct debits transferred from your old bank.

How to Claim

1. Open a new Bank of Scotland Classic, Silver or Platinum current account online, in branch or by phone between 19 May and 4 August 2026.
2. Use the Current Account Switch Service (CASS) to transfer all your active credits and debits from a bank account at a different bank — this will close your old account.
3. Make sure the switch includes the transfer of at least 3 active Direct Debits from your old account.
4. Start your switch by 4 August 2026.
5. £175 is paid into your new account as a cash credit within 14 working days of your switch starting.

Requirements

• New Bank of Scotland Classic, Silver or Platinum current account
• 18+ and UK resident
• Account opened between 19 May 2026 and 4 August 2026
• Full CASS switch from an account at a different bank (your old account closes as part of the switch)
• 3+ active Direct Debits transferred as part of the switch
• Old bank must participate in CASS (most UK banks do — see currentaccountswitch.co.uk)
• Switch started by 4 August 2026

Key Benefits

• £175 cash bonus paid within 14 working days
• No minimum pay-in required (rare for UK switch offers)
• Classic account is free; Silver (£11.50/month) adds European travel insurance + preferential travel money; Platinum (£22.50/month) adds worldwide travel insurance + AAA breakdown cover
• Optional Vantage add-on at no extra cost — pays interest on balances up to £5,000 with preferential savings and travel money rates (conditions apply)
• Up to 15% cashback at selected retailers via "Everyday Offers" in the app
• FSCS protected up to £120,000 (Lloyds Banking Group's combined limit)

Important Notes

• Lloyds Banking Group rule: not eligible if you've received any switching bonus since 01 January 2023 for switching to a Lloyds, Bank of Scotland or Halifax account.
• Can't switch from: a Halifax or Lloyds current account (same banking group).
• Account type exclusions: Student Current Account, Smart Start, Under 19's, and Basic Account do not qualify — must be Classic, Silver or Platinum.
• Internal upgrades don't count: changing an existing Bank of Scotland account to a different BoS account isn't a qualifying switch.
• DDs set up after the switch starts don't count — only DDs already active on your old account that transfer across. Standing orders and recurring card payments don't count either.
• Joint accounts: only one £175 paid per joint account. Either party having received a Lloyds Group bonus since 01 January 2023 disqualifies the whole application.
• One per customer, ever.
• Offer can be withdrawn without notice at any time — apply sooner rather than later.