Bank of Scotland vs Co-op Bank: Switch Bonus Comparison
Co-op Bank offers the better net value at £200 vs £0 after fees.
- Open a Classic, Silver or Platinum account
- Full CASS switch from another bank (not Lloyds or Halifax)
- Transfer at least 3 active direct debits
- Open account and start switch by 4 Aug 2026
- No pay-in requirement
- No Lloyds/Halifax/BoS switch bonus since 1 Jan 2023
- 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
- £175 paid ~14 working days after switch starts
- Classic account is fee-free
- Up to 15% cashback offers with debit card
- £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
Both banks offer comparable switch deals. Check the requirements above to see which suits your situation best.
Frequently Asked Questions
Which has the higher switch bonus, Bank of Scotland or Co-op Bank?
Currently only Co-op Bank has an active switch bonus. Bank of Scotland does not have an active offer at this time.
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.