[citation needed]. While the colours and sizes of all of the new notes are the same as previous designs, text on the notes is larger than before. In 2006, HBOS secured the passing of the HBOS Group Reorganisation Act 2006, a private Act of Parliament that would allow the group to operate within a simplified structure. Each denomination features Sir Walter Scott on the front, and on the back are representations of industries that Scotland excels in: Few of these notes are still in circulation, although they remain legal currency, and they have been replaced by the 2007 series. [11], In the late 1990s, the UK financial sector market underwent a period of consolidation on a large scale. “Bank of Ireland Private” is a registered business name of Bank of Ireland. For banks in Scotland, see, List of Governors of the Bank of Scotland, James Broun Ramsay, 1st Marquess of Dalhousie, John Campbell, 2nd Marquess of Breadalbane, George Hamilton-Baillie, 11th Earl of Haddington, Alexander Bruce, 6th Lord Balfour of Burleigh, Sidney Elphinstone, 16th Lord Elphinstone, Dennis Stevenson, Baron Stevenson of Coddenham, Bank of Scotland by Richard Saville Page XXXIII, Bank of Scotland by Richard Saville Page 413, Bank of Scotland by Richard Saville Page 393, Bank of Scotland Corporate to move back to 110 St Vincent Street, Battle for Natwest resumes as DTI clears £22bn Bank of Scotland bid, Bank of Scotland to continue talks with Abbey National, Bank of Scotland and Halifax agree merger, "Bank of Scotland to launch new series of banknotes", Bank of Scotland new 5-pound note confirmed, Bank of Scotland new 10-pound polymer note unveiled, Scotland BOS new 20-pound polymer notes unveiled, Documents and clippings about the Bank of Scotland, Historical banknotes of the Bank of Scotland, Lloyds and National Provincial Foreign Bank, Chartered Institute of Bankers in Scotland, Commercial and retail banks in the United Kingdom, The Bank of New York Mellon, Frankfurt Branch, https://en.wikipedia.org/w/index.php?title=Bank_of_Scotland&oldid=997503526#List_of_Governors_of_the_Bank_of_Scotland, Companies formerly listed on the London Stock Exchange, Short description is different from Wikidata, Articles with unsourced statements from October 2008, Articles with German-language sources (de), Wikipedia articles with CINII identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, £20 note featuring a vignette of education and research, £50 note featuring a vignette of arts and culture, Bank of Scotland Corporate (including the former Capital Bank), Lloyds Bank General Insurance (underwriter), Lloyds Bank Insurance Services (intermediary), This page was last edited on 31 December 2020, at 20:56. The Western Bank collapsed in 1857, and the Bank of Scotland stepped in with the other Scottish banks to ensure that all the Western Bank's notes were paid. “Bank of Ireland Private” is a registered business name of Bank of Ireland. The portrait of Sir Walter Scott by Henry Raeburn is the same as the 2007 issues, but have been shifted from the center to the right side of the notes. The new HOBS service enabled customers to access their accounts directly on a television screen, using the Prestel telephone network. Registered in Scotland No. Bank of Ireland also operates under other trading names that will be detailed in the terms and conditions that concern the relevant product or service. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278. Bank of Ireland is a member of the Bank of Ireland Group. Day of the Week Hours; Monday: 09.30 - 14.00: Tuesday: 09.30 - 14.00: Wednesday: 09.30 - 14.00: Thursday: 09.30 - 14.00: Friday: 09.30 - 14.00: Saturday: Closed: Sunday: Closed: At our Stirling Port Street branch. The first international office opened in Houston, Texas, followed by more in the United States, Moscow and Singapore. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. Lloyds Bank plc  [15] In 2001, the Bank of Scotland and the Halifax agreed a merger to form HBOS ("Halifax Bank of Scotland"). Bank of Ireland trading as Bank of Ireland Private is regulated by the Central Bank of Ireland. It provides clients with a wide range of services including financial advice. Our app requires iOS 6.0 or above, or Android 2.3 or above. [21] It will take at least three years for the current issue of Bank of Scotland notes to be phased out of circulation. The bank's headquarters, "The Mound" is featured at the center of the note. Please remember that when you call, we’ll ask you some security questions to confirm your identity. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com. View the balance and transaction history of your current and savings accounts. For this reason Sir Walter still appears on all Bank of Scotland notes. 4. For instance Lloyds Bank and TSB Bank merged in 1995 to create Lloyds TSB. Find a Bank of Scotland Branch, ATM, or LINK ATM in the UK. Lines are open 24 hours a day, 7 days a week. Although the Bank of Scotland today is not a central bank, it retains the right (along with two other Scottish commercial banks) to issue pound sterling banknotes to this day. Download our Mobile Banking app to get started: For any other devices or if you don’t want to use the app, you can access Internet Banking through your mobile browser. In 1987, the Bank acquired Countrywide Bank[10] of New Zealand (later sold to Lloyds TSB in 1998). [citation needed] Up until the middle of the 19th century, privately owned banks in Great Britain and Ireland were permitted to issue their own banknotes, and money issued by provincial Scottish,[19] English, Welsh and Irish banking companies circulated freely as a means of payment. These notes are equal in value to notes issued by the Bank of England, the central bank of the United Kingdom. Premier Banking gives you enhanced products, special offers and our expert team to help you get the most from your money. [16] The headquarters was to stay in Edinburgh, and both banks' brands would continue to be used. In 1955, the Bank merged with the Union Bank of Scotland. The main theme of the bridges of Scotland are kept for this series, but have been redesigned to incorporate additional design features. [10], A controversial period in the Bank's history was the attempt in 1999 to enter the United States retail banking market via a joint venture with evangelist Pat Robertson. [9] The Bank also expanded into consumer credit with the purchase of Chester based, North West Securities (now Capital Bank). [3] Its first chief accountant was George Watson. Bank and Clients Bank and Clients is a relatively new company formed upon the merger of Church House Trust and Ocean Capital. Lloyds Banking Group is a financial services group that incorporates a number of brands including Bank of Scotland. Bank of Scotland's previous note issue was in 1995, known as the Tercentenary Series as they were issued in the year of the three hundredth anniversary of the foundation of the bank. App Store is a service mark of Apple Inc. Bank of Scotland plc and Lloyds Bank plc are both part of Lloyds Banking Group. Our Group also has some of the most well known brands on the high street, including Lloyds Bank, Halifax and Scottish Widows. The size of the notes for this series is also reduced.[24][25][26]. Android/Google Play is a trademark of Google Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. The Bank later used this expertise in energy finance to expand internationally. To apply for our Private Banking service, you’ll need to have: at least £250,000 in savings and/or investments with Bank of Scotland, and/or at least a £750,000 mortgage with Bank of Scotland. They also sponsored Scottish Athletics for a number of years. Bank of Scotland began issuing a new series of banknotes in the Autumn of 2007, which feature the common theme of Scottish bridges. Many of the large building societies were demutualising and becoming banks in their own right or merging with existing banks. This article is about the commercial and clearing bank. SC327000. Welcome to Royal Bank of Scotland. To apply for our Private Banking service, you’ll need to have: at least £250,000 in savings and/or investments with Bank of Scotland, and/or at least a £750,000 mortgage with Bank of Scotland. For most people, it’s hard to imagine having a spare £40,000 knocking about to put into a pension during a single 12-month period. [10] In 1971, the Bank agreed to merge with the British Linen Bank,[10] owned by Barclays Bank. Services may be affected by phone signal and functionality. Registered in Scotland no. [3] Although the "Bank Wars" ended in around 1751,[3] competition soon arose from other sources, as other Scottish banks were founded throughout the country. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Along with the Bank of England, the Bank of Scotland was one of the first European banks to issue paper currency redeemable for cash on demand (which was an extremely useful facility given the poor state of the Scottish coinage at the end of the 17th century) on a sustainable basis after the earlier failed attempt of the Swedish Stockholms Banco in 1661–64. The raised, large denomination also acts as an aid for the partially sighted. [3] Its first rival, the Royal Bank of Scotland, was formed by royal charter in 1727. On 1 March 2018 the Bank of Scotland decided to withdraw all of its paper £5 and £10 notes, and fully replace them with its polymer equivalents (see below). Registered Office: The Mound, Edinburgh EH1 1YZ. The Governor and Company of the Bank of Scotland was established by an Act of the Parliament of Scotland on 17 July 1695,[3] the Act for erecting a Bank in Scotland, opening for business in February 1696. The merchant banking division of the Bank of Scotland was relaunched as British Linen Bank (now known as HBOS Treasury Services). The Bank of Scotland was suspected of Jacobite sympathies. 2. [4], The Bank of Scotland was suspected of Jacobite sympathies. With a history dating to the 17th century, it is the fifth-oldest extant bank in the United Kingdom (the Bank of England having been established one year earlier), and is the only commercial institution created by the Parliament of Scotland to remain in existence. In keeping with the bank's tradition, the front of the notes depict an image of Sir Walter Scott; the image on the 2007 series is based on the portrait of Scott painted by Henry Raeburn.[22]. However, The Royal Bank of Scotland tabled a rival offer, and a bitter takeover battle ensued, with the Royal Bank the victor.[14]. If you are an existing Private Banking customer, please contact us on 0345 711 1111. This followed a small-scale service operated jointly with the Nottingham Building Society for two years but developed by Bank of Scotland. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 169628. Opens in a new browser window. Some new security features have also been added to the new design. Please get in touch straight away if you’ve noticed any suspicious transactions on your account. Adam & Company Adam & Company is a trading division of the Royal Bank of Scotland. See if you're eligible to join. Bank of Scotland has been a subsidiary of Lloyds Banking Group since 19 January 2009, when HBOS was acquired by Lloyds TSB. [10] At 11 am on 25 January 1985 the Bank introduced HOBS (Home and Office Banking Services), an early application of remote access technology being made available to banking customers. If you already have an account with us, it’s simple to register for Internet Banking. Our banking and wealth management service gives you: ... Bank of Ireland trading as Bank of Ireland Private is regulated by the Central Bank of Ireland. View, search and download statements, check your balance in real time. [3] The founding Act granted the bank a monopoly on public banking in Scotland for 21 years, permitted the bank's directors to raise a nominal capital of £1,200,000 pound Scots (£100,000 pound sterling), gave the proprietors (shareholders) limited liability, and in the final clause (repealed only in 1920) made all foreign-born proprietors naturalised Scotsmen "to all Intents and Purposes whatsoever". These include a metallic security thread embedded in every banknote, which contains the numerical value of the note and the note's bridge image. Internet Banking registration is required. This led to a period of great competition between the two banks as they tried to drive each other out of business. [17], In 2008, HBOS Group agreed to be taken over by Lloyds TSB Group.[18]. [3] In response, the Bank of Scotland itself began to open branches throughout Scotland. In the unlikely event that you experience fraud with your Internet Banking we will refund your money. In 1792 Dundas was successful in passing the Slave Trade Bill in the House of Commons.[8]. The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. Opening hours. Our Internet Banking service provides a simple and convenient solution that is available 24 hours a day. Log in using your existing Internet Banking log in details. In 1959 Bank of Scotland became the first bank in the UK to install a computer to process accounts centrally. SC327000. Royal Bank Premier Banking - Bank accounts, Mortgages, Savings The right to issue banknotes was extended to other banks after 1716 when the Bank of Scotland's monopoly was allowed to lapse. Find out more about our Internet Banking by viewing our interactive demo. 2065. [3] John Holland, an Englishman, was one of the bank's founders. It was one of the first banks in Europe to print its own banknotes, and it continues to print its own sterling banknotes under legal arrangements that allow Scottish banks to issue currency. The Bank of Scotland was now the centre of other merger opportunities. Here are the numbers you need: Current accounts (Lines are open 24/7) UK: 0333 202 3332… Visit the Bank of Scotland YouTube page. Bank of Scotland is a valued financial partner to over 2.8 million personal customers and 150,000 commercial customers. And if you have £2 million or more in savings and/or investments or an annual income of £500,000 or more, you will be eligible for our Private Client service. Henry Dundas was Governor of the Bank of Scotland from 1790 to 1811. The first branch in London opened in 1865.[5]. Any charges that apply and what these cover will be explained and agreed with you before any services or products are provided to you. Opt out of paper statements and view them online instead. Its first rival, the Royal Bank of Scotland, was formed by royal charter in 1727. As a result, The Governor and Company of the Bank of Scotland became Bank of Scotland plc on 17 September 2007. A new hologram and foil patch has been introduced on the front of the £20, £50 and £100 notes, which features the Bank of Scotland logo and the numerical value of the note. 0345 602 0000. Phone Number. 0345 602 0000. Arbuthnot Latham A London-based private banking company focusing on investment planning and wealth management for wealthy clients. Make payments to new and existing recipients and transfer money between accounts. SC327000. These are watermark patterns on all corners of the notes, which will improve their durability. The Bank later expanded into the Australian market by acquiring the Perth-based Bank of Western Australia. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com . SC327000. It’s packed with features to make banking fast, convenient and more secure than ever. Opens in a new browser window. 3. Bank of Scotland plc It specialises in discretionary investment and financial planning advice. [12] In 1999, the Bank of Scotland made a takeover bid for National Westminster Bank. We’ve optimised Internet Banking so it looks great on internet-enabled mobiles. Visit the Bank of Scotland Facebook page. Halifax plc transferred its undertakings to Bank of Scotland plc, and although the brand name was retained, Halifax then began to operate under the latter company's UK banking licence. See if you're eligible to join. As long as you’ve taken all reasonable steps to keep your security information safe. [23], Bank of Scotland began issuing new banknotes on polymer in 2016, beginning with the £5 note. 1 We don't charge you for Mobile Banking but your mobile operator may charge you for certain services (such as downloading or using the app), so please check with them. Registered Office: 25 Gresham Street, London EC2V 7HN. Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. licensed banks, restricted licence banks and deposit-taking companies. A proposal to merge with the Abbey National was explored, but later rejected. We protect you with safeguards that meet industry standards. As well as governor, he was also Home Secretary in William Pitt the Younger's government. Contact information for Royal Bank of Scotland (RBS) Customers with Private Banking Managers with its free or geographic phone number. Once you are registered for Internet Banking you will have access to our Mobile Banking services. For the attention of Private Banking clients who use a token Hong Kong maintains a three-tier system of deposit-taking institutions, i.e. Where the Bank of England was established specifically to finance defence spending by the English government, the Bank of Scotland was established by the Scottish government to support Scottish business, and was prohibited from lending to the government without parliamentary approval. Bank of Scotland is part of Lloyds Banking Group, the UK's leading financial services company that serves around 27 million customers. Move money and make payments - in the UK and abroad, manage Direct Debits and standing orders. Bank of Scotland Edinburgh Comely Bank 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM 9.30 AM - 2.00 PM Closed Today Closed Today 43 Comely Bank 1. The bank also took the lead in establishing the security and stability of the entire Scottish banking system, which became more important after the collapse of the Ayr Bank in 1772,[6] in the crisis following the collapse of the London house of Neal, James, Fordyce and Down. Sir Walter Scott wrote a series of letters to the Edinburgh Weekly Journal under the pseudonym "Malachi Malagrowther", which provoked such a response that the government was forced to relent and allow the Scottish banks to continue printing £1 notes. [7] See Credit crisis of 1772. Registered in Scotland no. And if you have £2 million or more in savings and/or investments or an annual income of £500,000 or more, you will be eligible for our Private Client service. Bank of Scotland sponsored the Scottish Premier League from its inception in 1998 to season 2006/2007 when it declined to renew the deal in favour of investing in grassroots sport instead. This information has been found through the company's General Terms & Conditions documentation or shared by our visitors: Please let us know by voting if the number works properly so that we can take a look if it doesn't and fix it ! We use the latest online security measures to protect your money, your personal information and your privacy. Registered in England and Wales No. And if you have £2 million or more in savings and/or investments or an annual income of £500,000 or more, you will be eligible for our Private Client service. The move was met with criticism from civil rights groups in the UK, owing to Robertson's controversial views on homosexuality. Find out more about Private Banking and the fees for this service, Please Enter to access social media links. In the 1950s, the Bank of Scotland was involved in several mergers and acquisitions with different banks. In 1826, there was outrage in Scotland at the attempt of the United Kingdom Parliament to prevent the production of banknotes of less than five pounds face value. The Bank was forced to cancel the deal when Robertson described Scotland as a "dark land overrun by homosexuals". Opens in a new browser window. The merger saw Barclays Bank acquire a 35% stake in the Bank of Scotland, a stake it retained until the 1990s. [20] While the Bank of England eventually gained a monopoly for issuing banknotes in England and Wales, attempts to restrict Scottish banks from issuing notes were met with popular opposition. [3] This led to a period of great competition between the two banks as they tried to drive each other out of business. Bentle… 'Cornerstones' have been added to the new notes. To apply for our Private Banking service, you’ll need to have: at least £250,000 in savings and/or investments with Bank of Scotland, and/or at least a £750,000 mortgage with Bank of Scotland. Our extensive personal banking products include bank accounts, mortgages, credit cards, loans and more. Although established soon after the Bank of England (1694), the Bank of Scotland was a very different institution. Visit the Bank of Scotland Twitter page. Visit today to see how we can serve you. Following the Acts of Union in 1707, the bank supervised the reminting of the old Scottish coinage into Sterling. Built-in security technology keeps your banking details safe. The Act allowed HBOS to make the Governor and Company of the Bank of Scotland a public limited company, Bank of Scotland plc, which became the principal banking subsidiary of HBOS. Registered in Scotland no. Bank of Ireland also operates under other trading names that will be detailed in the terms and conditions that concern the relevant product or service. Service eligibility Our Private Banking service is available to customers with £250,000 or more in savings and/or investments or a mortgage of £750,000 or more with Bank of Scotland. The Bank of Scotland Mobile Banking app helps you stay on top of your money. If you have any problems using or registering for Internet Banking, please call the Internet Banking Helpdesk on 0345 602 0000. The provisions in the Act were implemented on 17 September 2007. 0345 602 0000. Terms and conditions apply. The arrival of North Sea oil to Scotland in the 1970s allowed the Bank of Scotland to expand into the energy sector. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. Your finances are often something you’ll want to manage at a time that suits you. This site is intended for UK residents unless otherwise stated. Service eligibility Our Private Banking service is available to customers with £250,000 or more in savings and/or investments or a mortgage of £750,000 or more with Bank of Scotland. [13] Since the Bank of Scotland was significantly smaller than the English-based NatWest, the move was seen as an audacious and risky move. In June 2006, the HBOS Group Reorganisation Act 2006 was passed by the Parliament of the United Kingdom, allowing the bank's structure to be simplified. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628. Business users should continue to access their accounts through the Business Internet Banking service. 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