Bank of Scotland

Business Summary

Services
retail banking
private banking
corporate banking
Products
current accounts
credit cards
personal loans
mortgage loans
savings accounts
ISAs
investment funds
shares dealing accounts
insurance
retirement plans
Clients
individuals
companies
Area Served
GBUnited Kingdom

Bank of Scotland provides products and services in the areas of retail banking, private banking, corporate banking. The range of products offered by Bank of Scotland includes current accounts, credit cards, personal loans, mortgage loans, savings accounts, ISAs, investment funds, shares dealing accounts, insurance, retirement plans. Bank of Scotland makes its solutions available to individuals, companies.

Account Opening

Account Opening Procedure
submit online application
visit bank branch

Opening an account with Bank of Scotland can be done by performing the following steps: submit online application, visit bank branch.

Required Documents
passport or ID card
utility bill
income details
application form

Bank of Scotland requires the following documents to open a personal bank account: passport or ID card; utility bill; income details; application form.

While opening a bank account Bank of Scotland has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Bank of Scotland and the documents used are outlined below.

Identity Verification
passport
ID card
any one of the documents above
Address Confirmation
utility bill
any one of the documents above
Current Occupation
Income Source
income details
any one of the documents above
Forms
application form
all the forms from above

Bank of Scotland may require additional documentation or information depending on the case.

Identity Verification
branch visit

Bank of Scotland performs identity verification using branch visit.

Ways to Bank

Business Channels
branch branch
online banking online banking
mobile app mobile app
post office post office

Products and services offered by Bank of Scotland are available at its branches, post offices and via its online banking system, mobile application.

Products

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by Bank of Scotland are shown in the table below.

Updated on 27 May 2020

Sales Region
GBUnited Kingdom
Mortgage Term
3 - 25 years
Mortgage Amount
from 25,000 GBP
Max. LTV
85.00 %
Mortgage Loan Details
Currency
GBP
Min. Mortgage Amount
25,000 GBP
Min. Mortgage Term
3 years
Max. Mortgage Term
25 years
Max. LTV
85.00 %
Mortgage Loan Features

Commercial mortgage

Available to UK-based companies

GBUnited Kingdom: This product is offered to the United Kingdom's residents only. When clicking on the product link you will be redirected to the product page in English.

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