PERSONAL BUSINESS PRIVATE BANKING Bank of Scotland logo Branch Finder Help Centre Register for Online Banking Login Home Bank accounts Classic Account Vantage Platinum Account Youth and Student Accounts Compare current accounts More Platinum Account A current account packed with benefits for only £21 per month. Travel Insurance FAQs If you’re a Platinum account customer, please read our travel insurance FAQs (PDF, 145KB) for more information about the travel insurance which comes with your account and COVID-19. You can also use our handy travel disruption tool, for help if your travel has been disrupted. Open a Platinum Account to take advantage of a range of useful benefits, such as travel insurance, AA breakdown cover and mobile phone insurance. You can also earn interest on your credit balance by adding Vantage during the application. Get all of these benefits plus much more for a £21 monthly fee to maintain the account. Worldwide travel insurance for you and your family including winter sports cover. All cover stops on the account holder’s 80th birthday. Insurance is administered by AWP Assistance UK Ltd (trading as Allianz Assistance) and underwritten by AWP P&C SA. AA breakdown insurance with Roadside Assistance, National Recovery, At Home and Accident Management. Cover is provided by Automobile Association Developments Limited (trading as AA Breakdown Services). Mobile phone insurance administered by Lifestyle Services Group Limited with a single Insurance provider, Assurant General Insurance Limited. Covid Cover expandable section Important information Cover for any medical conditions under this policy: you may need to declare these, agree cover with Allianz Assistance and an additional premium may apply. If this affects you contact Allianz Assistance directly to find out more. You might want to visit the MoneyHelper service, which lists firms offering travel insurance for customers with medical conditions. This could help if you’ve been offered cover with a high premium, been refused, or have had cover cancelled due to medical conditions. Think about what might suit your needs best and who you need specialist cover for. For more information access the directory, or call them on 0800 138 7777 (Mon – Fri 8am to 6pm). You can find out more on the benefits, conditions and exclusions here. Bear in mind that there are other accounts available to you that provide banking facilities without additional benefits, and which do not have a monthly maintaining the account fee. Additional account benefits Earn interest - you could earn up to 1.50% AER (1.49% gross p.a.) variable interest on the part of your balance between £4,000 and £5,000 with our free Vantage add on. Lower balances will earn a lower rate. You'll need to meet some conditions to earn interest. Please read these carefully. Up to 15% Cashback - with Everyday Offers when you pay by credit/debit card or Direct Debit at selected retailers. Merchant offers and cashback amounts vary. Terms and conditions apply. Save the Change - round up your card payments to the nearest pound to save as you spend. Mobile Banking app - highly secure and packed with features to make banking fast and convenient wherever you are. Contactless VISA debit card - make payments quickly and easily. Access to our Internet Banking and the Mobile Banking app , 24 hour telephone services as well as any of our branches in Scotland. Platinum Added Value – more about the benefits expandable section Arranged overdraft An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account. You can apply to add an arranged overdraft to your account and you’ll only pay daily arranged overdraft interest if you use it. If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day. Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft. Applying for an arranged overdraft – When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later. Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Internet Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. This application won't affect your credit score. If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you. Applying for this product does not improve your eligibility for an arranged overdraft. All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply. Please read our important information on overdraft rates and charges expandable section New Customer? It’s easy to apply online Apply today Existing customer? Open a new current account or upgrade through Internet Banking Log in to apply Alternatively, you can phone us or visit us in branch. We use a range of third party insurance providers for the Platinum Account benefits (conditions and exclusions apply). For further details please see the full policy documents. More information about the Platinum Account Bank of Scotland Bank Account conditions (PDF, 172KB) Terms and Conditions Fee Information Document (PDF, 176KB) About earning interest with our free Vantage add on expandable section How to earn cashback with Everyday Offers expandable section Save the Change® expandable section Joint accounts expandable section Current Account Switch Guarantee expandable section Making sure you get a fair deal AER is Annual Equivalent Rate - this illustrates what the interest rate would be if interest was paid and compounded once each year. This allows individuals to compare more easily what return they can expect over time. Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HMRC. Account opening is subject to our assessment of your circumstances and to you meeting all eligibility conditions. You need to be aged 18 years or over, a UK resident and either an EU national or have permission to stay in the UK for at least 12 months. Overdrafts are subject to application and approval and are repayable on demand. Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. 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