£150 incentive for new and existing customers who use the full Current Account Switching Service

9 November 2016

2 min read

  • £150 incentive for new and existing customers who use the full Current Account Switching Service to switch into a Co-operative Bank current account available until Friday 11th November 2016
  • Co-op Bank sees 211 per cent increase in current account sales in the last six months

After a successful six month campaign, which has driven an increase in current account sales to The Co-op Bank by 211 per cent, the £150 switching incentive will come to an end on Friday 11 November*

The Co-op Bank’s current account has a competitive overdraft structure, which was designed with customer feedback in line with the Bank’s Ethical Policy, and, the Bank has also received several customer service awards and been named as the most improved banking brand in the latest UK Customer Satisfaction Index from the Institute of Customer Service.**

The Bank’s Everyday Rewards scheme, which credits eligible customer accounts with up to £5.50 per month for doing everyday banking things*** will still be available on the bank’s five start rated account, after the £150 switching offer ends.

Matthew Carter, Products and Marketing Director at The Co-operative Bank said: “We’re immensely proud of our five star rated Current Account and the Everyday Rewards scheme available to our customers and we’re confident that new switchers to the Bank will really benefit from the account when they make the move and experience first-hand the great service offered by the Bank’s customer service teams. During this campaign we’ve seen almost a 40 per cent decrease in the number of customers switching away from the bank, our customers are really reaping the rewards on offer.

“Co-op Bank Current Account customers benefitting from the Everyday Rewards scheme can also opt to pay their £5.50 reward to one of five nominated charitable partners: Amnesty International; Hospice UK; Oxfam; Refuge and The Woodland Trust.”****

ENDS

Notes to Editors:

About the Co-operative Bank

the Co-operative Bank plc provide a full range of banking products and services to almost 5 million retail and SME (Small and Medium Sizes Enterprises) customers. The Bank is fully committed to values and ethics in line with the principles of the co-operative movement.

For further information please contact

Nicki Parry, Head of Media Relations

The Co-operative Bank Press Office

Tel: 07734 002 983

Email: nicki.parry@co-operativebank.co.uk

Twitter: @CooperativeBank

Contact

Corporate

Lesley McPherson, Director of Communications

Mobile:+44 (0) 7725 903 270

Email Lesley McPherson

Head of Media Relations

Nicki Parry

Mobile: 07734 002 983

Email Nicki Parry

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