Bank of Scotland vs iFAST Global Bank: Switch Bonus Comparison
- 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
- Switch salary/pension via Bacs Direct Credit (not CASS)
- Receive at least 1 payment between 1 Feb – 30 Apr 2026
- No need to close existing account
- £175 paid ~14 working days after switch starts
- Classic account is fee-free
- Up to 15% cashback offers with debit card
- 2.65% AER on GBP balances
- Multi-currency accounts (USD, EUR, HKD)
- Early salary access (1 business day before payday)
Verdict: Bank of Scotland vs iFAST Global 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 iFAST Global Bank?
Currently only iFAST Global 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 iFAST Global 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 iFAST Global 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 iFAST Global 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.