Classic Account
Switching bonus from Bank of Scotland
Bonus
£175
Penny's take
Strong value for low-effort switchers. Bank of Scotland's £175 bonus comes with no monthly fee and no minimum pay-in, so the only real hurdle is moving three active Direct Debits via CASS - making this one of the more accessible switch offers around. The free account also adds everyday cashback and a credit score tool, giving the deal modest ongoing worth beyond the one-off payment.
The biggest catch is the group exclusion: anyone who took a switch bonus from Bank of Scotland, Lloyds or Halifax since January 2023 is locked out, which rules out a meaningful chunk of recent switchers.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Switch using the Current Account Switch Service (CASS)
- •Transfer 3 or more active Direct Debits.
- •No minimum monthly pay-in required.
Things to check
- No previous Bank of Scotland, Lloyds or Halifax switch bonus since 1 January 2023.
Account Benefits
No monthly fee
Use the Classic Account without paying a monthly account charge.
Everyday Offers cashback
Activate personalised offers and earn up to 15% cashback at selected retailers.
Save the Change
Round debit-card purchases up to the nearest pound and move the difference to an eligible savings account.
Free credit score and report
View your TransUnion credit score and full report through the app or Internet Banking.
App spending and card controls
Use spending insights, notifications, card freezes, card details and mobile cheque deposits in the app.