GuideLast checked 8 November 2026

Bank of Scotland alternatives

A high-street business current account from Bank of Scotland for sole traders and UK companies with turnover up to £25m, with free electronic payments and a £10 monthly fee after the first year. If it doesn't fit, here are 31 accounts that share its market, starting with Incard, our pick for businesses whose main costs go on cards.

By the editorial team. How we make money. Our Bank of Scotland profile.

Why Incard is our pick instead of Bank of Scotland

Incard lists a £0 plan, which Bank of Scotland's pages don't
Incard lists card cashback, which Bank of Scotland's pages don't
Incard lists a US dollar account, which Bank of Scotland's pages don't
Incard lists cards for your team, which Bank of Scotland's pages don't
Incard lists accounts for LLPs, which Bank of Scotland's pages don't
Card cashback on Incard: Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped. Bank of Scotland: Not listed

cashback a year on Incard's £0 Free plan from £5,000 a month of eligible ads, software and travel spend. Simple arithmetic, not a forecast.

£600

Apply for Incard on incard.co

We may earn a commission if you apply.

What a year of card spending earns you

Incard Free against Bank of Scotland's cheapest plan, at your monthly spend on ads, software and travel.

Monthly card spend on ads, software and travel£5,000

£720 a year better off with Incard

Incard Free: £600 cashback, £0 fees
Bank of Scotland's cheapest plan: no cashback, £120 fees

Simple arithmetic, not a forecast: 1% on eligible ads, software and travel spend at merchants on Incard's eligible brand list, and each plan's published monthly fee. Other fees, such as FX and ATM charges, aren't included. Bank of Scotland's cheapest plan: No account fee for 12 months on a business's first account, then £10 a month.

The alternatives

**Table notes:** correct as of 8 November 2026, from each provider's own pages. Incard is first as our pick for card spend (we may earn a commission from it); the rest are alphabetical, not ranked. “Lists” means the provider's pages mention it and Bank of Scotland's don't.
Account	Cheapest plan	Lists, unlike Bank of Scotland	Compare
IncardOur pick for card spend	Free: £0 a month	card cashback, a US dollar account, cards for your team, LLPs, Swiss GmbHs and AGs, Swiss sole traders	Compare Incard and Bank of Scotland
AirwallexE-money · safeguarded, no FSCS	Explore: £0 if you deposit or hold at least £10,000 a month, otherwise £19 (excluding VAT)	cards for your team, Swiss GmbHs and AGs
Allica BankBank · FSCS cover	£0 a month with an average balance of £10,000 or more; otherwise £25 a month	card cashback, cards for your team
AmexCredit card · no deposits held	Business Gold: £195 a year (£0 in the first year)	cards for your team, LLPs
ANNAE-money · safeguarded, no FSCS	Free: £0 a month, pay for what you use	invoicing
BarclaycardCredit card · no deposits held	Select Cashback: £0 a year	card cashback, cards for your team
BarclaysBank · FSCS cover	Free for 12 months, then £8.50 a month	a US dollar account, LLPs
Capital on TapCredit card · no deposits held	Free: £0 a year	card cashback, cards for your team, LLPs
CountingupBank · FSCS cover	Free for 3 months, then £5 a month while you pay in up to £750 a month	invoicing
Danske BankBank · FSCS cover	Small Business Digital: free for 2 years for eligible new Northern Ireland businesses, then £9 a month	Nothing extra listed
Equals MoneyE-money · safeguarded, no FSCS	Business: £25 a month (£250 a year)	cards for your team, a US dollar account
HSBCBank · FSCS cover	£0 a month	cards for your team, LLPs
LloydsBank · FSCS cover	Free for 12 months for businesses new to Lloyds, then £10 a month	Nothing extra listed
Metro BankBank · FSCS cover	£8 a month, or £0 in any month your balance stays at £6,000 or more; 12 months fee-free for businesses new to Metro Bank, 31 months for full switchers	a US dollar account, invoicing, LLPs
MettleBank · FSCS cover	No fee for maintaining the account	invoicing
Monzo BusinessBank · FSCS cover	Lite: free	cards for your team, invoicing
NatWestBank · FSCS cover	No monthly fee; 2 years' free everyday banking for start-ups (turnover up to £1 million) and full switchers (turnover up to £2 million)	Nothing extra listed
PayhawkE-money · safeguarded, no FSCS	Growth program: £149 a month	cards for your team
PleoE-money · safeguarded, no FSCS	Start: £8 per user a month	cards for your team, a US dollar account
Revolut BusinessBank · FSCS cover	Basic: £10 a month	a US dollar account, cards for your team
RBSBank · FSCS cover	No monthly fee; 2 years of free everyday banking for start-ups (turnover under £1m) and full-switch customers (turnover up to £2m)	Nothing extra listed
SantanderBank · FSCS cover	Free for 12 months for start-ups and switchers, then £9.99 a month	LLPs
SoldoE-money · safeguarded, no FSCS	Standard: £27 a month + VAT	cards for your team, a US dollar account
StarlingBank · FSCS cover	£0 a month	a US dollar account, LLPs
Co-op BankBank · FSCS cover	£0 a month	LLPs
TideBank · FSCS cover	Lite: £0 a month	card cashback
TSBBank · FSCS cover	Free for 30 months, then £5 a month (not charged if your average balance is £10,000 or more)	Nothing extra listed
Virgin MoneyBank · FSCS cover	25 months' free day-to-day banking for eligible start-ups and switchers, then £6.50 a month	card cashback, LLPs
Wise BusinessE-money · safeguarded, no FSCS	No subscription or monthly fee	a US dollar account
WorldFirstE-money · safeguarded, no FSCS	£0 a month	card cashback, a US dollar account, cards for your team
Zempler BankBank · FSCS cover	Business Go: £0 a month	card cashback, cards for your team, invoicing

What Bank of Scotland does well

Before you move, check that you won't lose something you use. Bank of Scotland suits you if:

You mostly pay by Faster Payment, Direct Debit and card, which carry no transaction fee
You pay in cash at a branch deposit machine or the Post Office
You want a euro or foreign currency account at the same bank
You want branch, phone, app and online banking

Many businesses keep their existing account and add a second one for card spending. Our switching guide covers both routes.

When Incard isn't the answer

Incard isn't the right account if

Your business is registered outside the UK and Switzerland. EEA onboarding is paused until an expected restart in 2027
You're a charity, cooperative, foundation, trust or public body, or work in one of Incard's restricted industries

Our pick for card spend

Incard: 1% cashback on ads, software and travel, on a £0 plan

Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.

E-money · safeguarded, no FSCS

Read Incard vs Bank of Scotland Work out your cashback Check eligibility

Apply for Incard on incard.co

We may earn a commission if you apply.

a month on the Free plan, with team cards: £0
cashback on ads, software and travel; 0.5% on other eligible spend: 1%
IBANs in three currencies: GBP, EUR, USD

Sources

All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.

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