General Information Bank of Scotland is a Scottish-registered commercial bank based in Edinburgh, England, with a history dating back to the 17th century. Bank of Scotland became a member of the Lloyds Banking Group on January 19, 2009, and currently holds a full license authorized by the FCA in the United Kingdom (regulatory number: 169628). Service Bank of Scotland's products and annual services for individuals include banking, overdraft, savings, investments, credit cards, loans, car finance, mortgages, insurance, shares, remittances to foreign countries, payment services (immediate payment, regular payment, international payment, card payment), retirement pension programs, travel, wealth management, business banking, and private banking. Account Types Bank of Scotland offers several types of bank accounts: Classic, Platinum, Student, and Youth (under 19s account). The Classic account has no monthly fees and offers an overdraft service, plus the opportunity to earn 15% cashback and 1.50% AER (1.49% total gross profit per year). The Platinum account costs £21 per month and offers all the benefits of the Classic account, as well as being global travel insurance, cell phone insurance, and more. The Youth account earns 0.50% AER² interest with access to online banking. The Student Account offers an overdraft service with the opportunity to receive 15% cashback. For all overdrafts, the Bank of Scotland (BOS) assesses the user's situation and requires repayment. Trading platform The main applications available to Bank of Scotland customers are Bank of Scotland Mobile Banking (the latest version of iOS or Android), tablet apps, and online banking for bank deposits.