Bank Index

Bank of Scotland

Bank · EDINBURGH, United Kingdom · overall 4.2 / 10

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How this 4.2 is built

Average of 6 scored needs: 4.2. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

BANK OF SCOTLAND PLC is recorded in the global register as a bank in EDINBURGH, United Kingdom. The register names Prudential Regulation Authority (Bank of England) as its regulator and shows the licence as licensed. Established 1695. Collected from open registers.

Legal name
BANK OF SCOTLAND PLC
Regulated by
Prudential Regulation Authority (Bank of England)
Licence confirmed
yes, on a regulator's own list
Established
1695
LEI
OQ3T05P7YR8P5YJEVI93
Website
www.bankofscotland.co.uk/

Scores, 0 to 10

6.0United Kingdom
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Financial strength & stability
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Lowest fees
The monthly fee is GBP 10. Transfer and card prices were not part of this evidence, so the score speaks for the monthly fee. (Business Account) Read as: “Monthly account fee” · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
0.0Cross-border payments, FX and multi-currency accounts
The company an FX mark-up of 2.6%. The score is held back because the number of currencies was not published in this evidence. Read as: “Foreign Currency Account” · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.