Eligibility Criteria

To be eligible for an account, you and the key parties must:

  • Be 18 years or over
  • Had no County Court Judgements (CCJs) in the last 6 years
  • Not have been declared bankrupt or entered into an IVA in the last 6 years
  • Not missed any payments on personal credit obligations in the last 6 months
  • Have a business address in the UK
  • Reside in the UK
If you are applying for a Community Directplus Account, your organisation must be one of the following entities:
  • A Registered Charity
  • A Registered Community Interest Company
  • A Co-operative
  • A Credit Union

The Co-operative Bank reserves the right to review the account tariff for customers whose credit turnover exceeds £1m per annum, who deposit more than £100,000 cash per annum, or who deposit more than 5,000 cheques per annum.

If you are applying for a Business Directplus Account, FSB Business Banking account or a Business Current Account - Cash Tariff, your organisation must be one of the following entities:
  • Limited Company
  • Limited Liability Partnership
  • Sole Trader
  • Partnership
If you are a Limited Company the following criteria also applies:
  • The directors have never been disqualified
  • The business has never been subject to insolvency, or an intention to dissolve
  • The business has not had a negative net worth in the last set of financial accounts
If you are applying for a Business Directplus Account, you will only be eligible for the 18 months free banking offer if you are a new Co-operative Bank customer.

If you are applying for FSB Business Banking, you must be a member of the Federation of Small Businesses

The following criteria also applies:

  • The directors have never been disqualified
  • The business has never been subject to insolvency, or an intention to dissolve
  • The business has not had a negative net worth in the last set of financial accounts

To apply, check the box if you agree to all of the above statements

Account Opening Guidance

Please see the Account opening guidance page for information on what's needed to complete your application