Business current accounts
Specifically designed with small businesses and charities in mind
You’ll need a current account before you can access our other products and services.
Please find more details about our current accounts below.
FSB Business Banking Account
An award winning account exclusively for members of the Federation of Small Businesses (FSB).
- Free business banking services such as paying in cheques and up to £2,000 cash per month free of charge. If you need to deposit more cash, you pay 75p per £100 extra.
- Annual £25 loyalty bonus when you keep an active account. Terms and conditions apply.
Find out more about the services and benefits of FSB membership here
FSB Business Banking Account info
Business Directplus Account
An award winning business account with a free banking period for new customers.
- New Co-operative Business Bank customers get free day-to-day banking for 18 months. Subject to monthly limits.
- Access an overdraft facility and other lending options (subject to application, status and our lending policy).
Business Directplus Account info
Community Directplus Account
An award winning account for registered charities, co-operatives, credit unions and community interest companies.
- Free banking for day-to-day transactions.
- Apply for a donation of up to £1000 from our Customer Donation Fund to help benefit your enterprise.
Business Current Account - Cash Tariff
A current account with an extra low cash depositing fee.
- Clear and simple charging structure.
- One of the lowest cash depositing fees on the market.
Business Current Account - Standard Tariff
A straightforward and consistent tariff.
- No transaction limits.
- Charges remain constant regardless of balance.
Switching your business account
The Current Account Switch Service means all your incoming and outgoing payments will be transferred to the new account for you.
Our customer testimonials
The bottom line is… Manchester businesses are proud to support their local communities.
Find out why our customers joined us for better business banking and how you can enjoy better business banking with a bank that understands the everyday challenges of running a business.
The £25 loyalty bonus is paid every year to FSB Members who maintain an active account. The loyalty bonus will only be paid once a year to each FSB member, irrespective of the number of active accounts maintained. The bonus will not be paid on inactive accounts. An account is deemed to be inactive if no customer initiated transactions have been made for 6 months or more, and there is a debit or credit balance of less than £250.
The Co-operative Bank reserves the right to decline any application.
Whether we can offer you credit depends on your circumstances and our lending policy. We may decline your application based on your circumstances or our lending policy. We may be able to offer a product that's different to the one advertised.
The Co‑operative Bank, Britannia and smile are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).
Our service quality information
The Financial Conduct Authority requires us to publish information about our business current accounts. View our business current account service quality information.
You're now leaving our wesbsite
You're about to go to https://www.fsb.org.uk/benefits/finance/business-banking. Before you go, here’s a few things to keep in mind:
- The Federation of Small Businesses is an external company to The Co-operative Bank and not part of the same group
- You won't receive any advice from The Co-operative Bank on The Federation of Small Businesses membership or products, we act as an introducer only
- If you require advice on Federation of Small Businesses membership, please contact them directly.
The 18 months free banking offer is only available to new Co-operative Bank customers, based on maintaining a credit balance of £1000 or more, depositing up to 100 cheques and £2000 cash, and writing up to 30 cheques free of charge per month. Charges apply for exceeding the limits specified above, and for any special services used, including stopping cheques, CHAPS payments, etc. Please refer to the tariff for full details.
Financial Services Compensation Scheme
Your eligible deposits with The Co‑operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co‑operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please click here for further information or visit www.fscs.org.uk
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