Bank of Scotland switch offer

Before you switch accounts to Bank of Scotland, check to see if you can grab a juicy switch bonus.

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Ricky Davies

Updated

Bank of Scotland switch deal update

Bank of Scotland is currently not offering a switching deal. The information below is for reference only. For switching deals & sign-up bonus offers available now, make sure to check out our switching deals guide and sign-up bonus deals guide.

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Scotland’s oldest bank has been around for over 300 years, but how many bank switching offers has it managed in that time?

Interestingly, Bank of Scotland‘s switch bonus doesn’t follow the blueprint set by other banks where you get a lump sum for switching over. This is unusual, especially when you consider Bank of Scotland merged with Halifax in 2001 and was acquired by Lloyds TSB in 2009. So, what do they do differently? And when might they start a regular bank switch offer?

Is Bank of Scotland currently running a switching offer?

Not really – but you can grab a few perks when you make the switch to Bank of Scotland.

In addition to up to 15% cashback at selected retailers, you’ll also get a 3-month 0% arranged overdraft. After that, you’ll be charged interest daily.

What switching offers have been available in the past?

There’s no indication that Bank of Scotland has run a traditional switch offer in the past, where you’d get a cash bonus for moving over from another bank. However, you can get that interest-free overdraft we spoke about, so maybe it’ll sweeten its switch bonus in the future.

When might the bank launch a new switching offer?

At the moment, Bank of Scotland seems content with its interest-free overdraft switch offer. But that could change at any moment.

To stay on the ball, you can sign up to our newsletter. That way, we can let you know if and when Bank of Scotland decides to launch a new bank switching offer.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Ricky Davies was a senior writer at Finder, focusing on banking and fintech. He previously wrote for Lloyds Banking Group, Halifax, and Royal Bank of Scotland. Additionally, he worked on content at LSEG, which is one of the world’s largest providers of financial markets data and infrastructure, and has created guides for several crypto sites. See full bio

Ricky's expertise
Ricky has written 13 Finder guides across topics including:
  • Fintech
  • Banking
  • Cryptocurrency
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