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.
-
- Free to pay in up to £2000 cash each month, then 75p for every £100 thereafter.
- Free to pay in cheques.
- An arranged overdraft facility without an arrangement fee. Subject to application, status and our lending policy. You'll be charged debit interest on your overdrawn balance.
- Charge card without a monthly card fee. Subject to application, status and our lending policy. Charges may apply.
- Annual £25 loyalty bonus when you keep an active account. Terms and conditions apply.
- Manage your account online, over the phone, and face-to-face in branch or at the Post Office®.
Find out more about the services and benefits of FSB membership here
FSB Business Banking account info
-
- New Co-operative Bank customers get free day-to-day banking for 18 months. Subject to monthly limits.
- Manage your account online, over the phone, and face-to-face in branch or at the Post Office®.
-
- Free banking for day-to-day transactions.
- Manage your account online, over the phone, and face-to-face in branch or at the Post Office®.
- Apply for a donation of up to £1000 from our Customer Donation Fund to help benefit your enterprise.
-
- Clear and simple charging structure.
- Manage your account online, over the phone, and face-to-face in branch or at the Post Office®.
-
- No transaction limits.
- Charges remain constant regardless of balance.
- Manage your account online, over the phone, and face-to-face in branch or at the Post Office®.
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 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.
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).
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.
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
Contact us
If you'd like more help & information, you can:
