Bank Of Scotland

A Bank of Scotland is a FDIC supervised online bank that offers a huge number of financial services for their elite customers. It is a commercial and clearing bank that headquartered in Edinburgh, Scotland. It is usually a second oldest surviving UK based bank that currently exists in Scotland.

The bank of Scotland is mostly famous for insurance and financial services like bank accounts, credit cards, credit card services, loans and many other benefits. It was founded on 17 July 1695 in Scotland. The bank leads in two businesses i.e. personal banking, Business banking and Corporate and wealth management. Now days it is offering new services for their customer. The new service is tickets for Olympic games, which will held on 2012.

Bank Of Scotland Offers

It offers a large number of banking products and services for their customer or cardholders. For instances-

Bank account: Bank of Scotland Ultimate Reward Current Account, Reward Current Account, Current Account, Student Current Account, Tax Free Savings Accounts, Easy/Instant Access Savings Accounts, Nest Egg Savings Accounts, Regular Savings Accounts, Children's Savings Accounts.

Credit Cards:

The Bank of Scotland All in One Credit Card

Bank of Scotland Exclusives Credit Card

The Bank of Scotland Plus Credit Card

The Bank of Scotland Student Credit Card

Other Products: the other more beneficial products are Loans, Mortgages, Insurance, Loan Calculator, Investments products, and Share dealing and travel services.

Bank Rewards and Benefits

Reward Current account benefits includes Worldwide multi-trip travel insurance for two adults and all your children, AA Breakdown Cover means roadside assistance when you need it most, AA Accident Management - assistance in arranging the repair, recovery and claim processing, Mobile phone insurance at home and abroad, Travel accident cover - protection if you have an accident, Identity theft assistance - with identity fraud a growing problem in the UK, Purchase protection covering benefits, and Price promise - if you buy an item with your Ultimate Reward Visa debit card.

The Other more important benefits are-

  • Fee-free overdraft.
  • Flex cash means you receive an additional cash sum of 4% in addition to your salary.
  • Pension scheme means where you decide how much you save and where your contributions are invested.
  • Retail and Financial Offers at a wide variety of high street leading brand names and a range of financial offers from the Lloyds Banking Group products portfolio.
  • Free BUPA online Health Assessment means provide a free services such as nutrition, fitness, sleep and stress.
  • Private Medical Care available for you and your family.
  • Company Car Scheme provides company car and a cash allowance.
  • Share Schemes and Flexible working.
  • Pension contributions - the maximum Company contribution is 13%

Bank Awards

It got -

  • Scottish Business Insider Deals & Dealmakers Awards, 2008 for "Corporate Bank of the Year".
  • Insider Deal Maker Awards, 2006
  • SW Deal Awards
  • Unquote Private Equity Awards, 2006 (also won in 2005)
  • Trade and Forfaiting Awards 2006
  • Financial Sector Technology Awards 2006