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Bank of Scotland Accounts

Bank of Scotland Accounts

OK, well just about everyone on here is probably sick of my whinging about the entire UK being afflicted with poor customer service disease, but hey, when organisations keep giving me such easy targets, its hard to resist! Today's target is the Bank of Scotland business current bank account. ... Read review

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1-5 of 15 reviews of Bank of Scotland Accounts Show all reviews

An alternative definition of free....

Advantages: Easy to set up
Disadvantages: Telephone only, hidden charges, you name it!

.../> Today's target is the Bank of Scotland business current bank account.

There are several reasons for their being targetted, but I think they can all be summed up in two ways, misleading advertising and poor customer service.

I'll attempt to tackle each issue in detail:

WHAT IS THE PRODUCT?
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Well, all businesses need somewhere to store their hard earned cash, ...
.../> WHAT IS DIFFERENT ABOUT BANK OF SCOTLAND?
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These days, most personal accounts are free of all charges unless you are overdrawn irrespective of who you bank with, but for businesses, the old charges for using cheques, withdrawing cash etc. still apply.

Most high street banks offer new businesses anything between 12 and 24 months free banking.

However, ... more

shaunandlisa 16.04.2003 (16.04.2003)
Ciao members have rated this review on average: very helpful
Review of Bank of Scotland Accounts

Staff courtesy

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Bank of Scotland for Students

Advantages: Biggest overdraft, branches are plentiful, great service
Disadvantages: Can't think of any!

...a student and chose the Bank of Scotland mainly because they offered the largest interest free overdraft - In my first year I didn't need this, but I'm thankful that I took it as its proved very handy this year (2nd year) I originally wanted to go with Lloyds - but they said I couldn't bank with them because no member of my family banked with them (great business model) - I hope they go bust now. But them I'm glad they did, because I got to go with ...
...two credit cards with the Bank of Scotland, and everything it managed from the one portal. It's secure, easy to use and doesn't require you to write down your password and pick the 7th, 11th and 12th letters from it just to log in. Telephone banking is also relatively easy - with a trusting scottish accent on the automated system you come out of the ordeal slightly happier than you were before - quite impressive for telephone banking I must say! ...

Diablo666 08.03.2008 (12.08.2008) · Read full review
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Review of Bank of Scotland Accounts

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Students steer clear

Advantages: Debit Card (nice colour!)
Disadvantages: Late notice of charges, false advertising, poor service

...opened an account with The Bank Of Scotland in June last year. They gave me a lovely camp cash card with a Solo facility, and a cheque book. Everything seemed fine.... for two weeks. I recieved a letter from UGC cinemas regarding a direct debit for their cinema subscription... it had been cancelled. But why? There were sufficient funds in my account and I didn't ask for it to be cancelled. That was black mark number one. A few weeks later I wrote ...
...months after opening an account with the BOS, I closed it. It's clear that complaining does nothing with the BOS, so what else but to take my custom elsewhere. The only thing which impressed my about the Bank Of Scotland was the design of the card I received. ...

tw1314 15.03.2001 (17.03.2001) · Read full review
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Review of Bank of Scotland Accounts

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Don't use if you are a student

Advantages: none
Disadvantages: unhelpful

...so badly treated by any bank as I was with thr Bank of Scotland. I had been a loyal customer since I was about 5 so when I went to University I assumed I would get a student accout with them. I waited untill I had turned 18 before applying for one as I thought that it woul be a bit pointless before then as I already had a cheque account with them and i wouldn't be able to take advantage of a switch card or an overdraft untill then anyway. So, my ...
...I went along to the bank and asked to be transferred to a student account. Their response (2 weeks later I might add) was basically "no, we think you can do with the account you have just now" Bearing in mind that I hadn't yet recieved my grant cheque yet, due to various mess ups, so I was living off my very kind flatmates money, so i really needed an overdraft! I explained all of this to them in great detail, showed them the letter from the awards ...

Kunama 15.03.2001 · Read full review
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Review of Bank of Scotland Accounts

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Good Alternative to High Interst Credit Cards

Advantages: Lower APR, online
Disadvantages: Any APR is a disadvantage

I have recently taken a personal loan with HBoS and I was offered the Preference Account. At first I did not accept, but after getting annoyed at my credit card company (Capital One) I have decided to use it in favour of the credit card. The interest rate on the preference account is 28.9% oppose to my credit card is above 30%. Re: Martin Rowley 's review: http://www.ciao.co.uk/Bank_of_Scotland_Accounts__Review_5067338 More specifically to Martin ...
...are made aware of the interest rates when you apply, if you go a head and use a large chunk/all of the available money then that is entirely your fault, not the banks, so it should not receive a bad review for that reason - i.e. your irresponsbility. I have no affiliation with HBoS despite this review possibly suggesting such, however it annoys me when people don't take responsibility for their actions and check obvious details such as the APR. ...

Teaser318 02.09.2008 · Read full review
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Review of Bank of Scotland Accounts

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express acount 11-16

Advantages: cool
Disadvantages: none reall

The express account with the bank of Scotland is a very good account for children/teens of the age 11-16. When you first join you get a free gift which you can chose yourself from an electronic organiser, a personal mini radio or fact file. Also every three months you get a statement and a magazine which you also get special discount offers with. Each member gets a bank card so that he or she can withdraw money from any cash machine without going ...

vc123 18.01.2001 · Read full review
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Advantages: Paying off your mortgage quickly and saving you thousands of pounds
Disadvantages: You need a lot of common sense and future vision to benefit from this account

money?.or do you have savings??? Quite simply, if you have £10,000 of savings in the bank that you like to have access to but save it and don't spend it, then you will technically make more money by paying it off your mortgage and reducing your interest than having it sat in a bank account. The Halifax etc brag about 5% interest on current accounts which in a normal world is very good, yet I get 6.5% on my savings TAX FREE as it is held in the form of a debt. I still have access to it as I please and when I want. I simply call the One Account and arrange to pick it up at my local Royal Bank of Scotland. As for the common sense approach to this account. You can take payment breaks when you like, take more money out on your house and buy a car, holiday or home improvements, as long as you pay the interest the One Account are happy. But I ...

gazereth 15.05.2008 (28.10.2009) · Read full review
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POCKET MONEY REVOLVING

Advantages: Unique bank card, interest, freebies, life lesson!!!
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Technology is so advanced that even pocket money is now outdated, accorded to my teenage son. He wanted his own bank account, not like the kiddie ones which he already had, but one with his own bank card etc. And I found the perfect one from Royal Bank of scotland. The REVOLVE account is specifically for 11- 18 year olds. It took a while to finally register, but only because they are very detailed about identity details needed to join, which to me is a very good thing. The benefits are really good. He gets 3.5% interest on money paid into his account , also there are discounts available such as cinema tickets, rail tickets and mobile phones. If they have a mobile phone with Orange "Pay as you go " they can get free texts and ringtones when they top up at certain cash machines. They need to top up 6 times and after the 6th ...

deviloxo 07.01.2008 · Read full review
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Royalties Gold Account-Royal Treatment

Advantages: Inclusive annual travel insurance,free membership of Virgin Wines Club,25% off theatre tickets etc
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Recently I had to go through my accidental Death insurance and as I was trying to see through my banks digital banking ,how much money they have taken from my account I noticed that they had some new - to me anyway- accounts. They had the Royalties and the Royalties Gold Account. With the Royalties was included an Accidental Death cover of £5000 along with other benefits. With £10 you have £10,000 accidental death cover (of course £10,000 its not much but is ok for my circumstances).I was tempted. I was paying £5.25 per month for my accidental death insurance and with £4.75 more, I had so many other benefits as well. So there and then, very easy, I change my simple current account to Royalties Gold. After 10 days I received a package from Royal Bank of Scotland. The package had 2 Royalties Gold Membership cards, a Travel ...

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