Bank of Scotland vs Co-op Bank: Switch Bonus Comparison
Bank of Scotland offers the better net value at £175 vs £75 after fees.
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- Full CASS switch required
- Request full CASS switch within 2 weeks of opening
- Complete switch within 8 weeks
- Deposit £1,000+ within 30 days
- 2 active direct debits
- For monthly bonuses: £1,000/month deposit, 2 DDs, 10+ card transactions
- Cannot have received Co-op switch incentive since 1 Nov 2022
- £100 upfront + £25/month for 3 months (£175 total)
- 7% AER Regular Saver (up to £250/month)
- Ethical banking
Verdict: Bank of Scotland vs Co-op Bank
Bank of Scotland offers the higher switch bonus at £175 vs £75.
Bank of Scotland has fewer requirements (1 vs 6), making it simpler to qualify.
Co-op Bank comes with more perks (3 vs 0), including things like £100 upfront + £25/month for 3 months (£175 total).
Frequently Asked Questions
Which has the higher switch bonus, Bank of Scotland or Co-op Bank?
Bank of Scotland currently offers the higher bonus at £175, compared to £75 from the other bank.
Can I switch to both Bank of Scotland and Co-op Bank?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for Bank of Scotland and Co-op Bank?
Cooling-off period data is not currently available for these banks. Check the individual bank pages for the latest information.
Which bank is easier to switch to, Bank of Scotland or Co-op Bank?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.