Business Current Account

Our Business Current Account comes with 30 months free everyday business banking for Co-operative Bank Business customers*.

Featured benefits

For the first 30 months*, customers enjoy unlimited, free:

  • ATM cash withdrawals (Some ATMs may have their own fee)
  • Debit card purchases
  • Faster payments
  • Automated debits and withdrawals (charges apply for cheque and cash transactions)
An account only for sole traders and single directors
Manage your account on the go with our
Enjoy a simple and straightforward charging structure

A simple and straight-forward charging structure

No surprises here, learn how much you’ll pay. Find out more about standard charges, non-standard charges, and what they mean by viewing our Business Current Account Tariff PDF.


Monthly service charge for the first 30 months


Monthly service charge after the first 30 months

*Only applies to new customers or customers who joined the bank less than 30 months ago

Credit charges
Credit charges Automated credits Per item
Credit charges Manual credits Per item
Credit charges Cash paid in Per £100
Credit charges Cheques paid in Per item
Debit charges
Debit charges Automated debits Per item
Debit charges ATM withdrawals Some ATMs may have their own fee
Debit charges Debit card purchases Per item
Debit charges Cash withdrawals Per £100
Debit charges Cheques issued Per item
Debit charges Cash exchanged Per £100

Not the account for you?

Check out our other current accounts

What to expect

Built for business

No additional cost to deposit cash at the Post Office®
Save Time, Automate your Financial Admin and Get Paid on time with the payment app from Incomeing
Access to legal, technical and HR services with Assurant
Access to merchant services with Fiserv
Tailored Business Insurance cover with AXA
Free business webinars
Manage scheduled payments

Best of ethical

PVC-free debit card
We don’t provide banking services to businesses that conflict with our Ethical Policy
A beyond carbon neutral bank

Plus the essentials

Mobile app
UK-based customer support
Online banking
Branch support

Does this look like the right account for your business?

Check to see if your business is eligible.

We make opening accounts simple

Current account switch logo

Easy switching

Already have an account with another bank? Once your account is open, you can switch your old account to us in seven business days.

Savings account

With a few extra questions, you can apply for a savings account at the same time as your current account. Learn more about our savings accounts.

We say we are the original ethical bank, but what does that mean?

We are the only bank on the high street with a customer-led Ethical Policy. The policy has been developed with our customers to shape the way we operate, and the decisions we make.

Ready to join the original ethical bank?

Steps to applying

Please note, your application is subject to status. This means we’ll assess your financial circumstances and complete credit checks.

Check if you’re eligible

To be eligible for the Business Current Account you and key parties must be:

  • 18 or over
  • A UK resident with a business address in the UK
  • Free from county court judgements (CCJs), bankruptcy and individual voluntary arrangements (IVAs) over the last six years
  • Free from missed payments on any personal credit obligations in the last six months

You or your organisation must be either a:

  • Sole trader
  • Limited company that is owned or controlled by one person

If your organisation is a limited company, the following must be true:

  • The director has 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

Your application is subject to status. This means we’ll assess your financial circumstances and complete credit checks.

Not eligible for this account?

You may be eligible for one of our other accounts.

See other accounts

Find out what you need to apply

To apply for the Business Current Account, you'll need:

  • Your business details, including tax information, expected turnovers and funds received by your business
  • Identity documents, such as your passport or driving license
  • A device to take a selfie during the application process

Read and save important documents

Read the following important documents and save copies for your future reference.

Business account terms and conditions PDF

Business Current Account tariff PDF

Standards of lending practice PDF

How we use your personal information PDF

FSCS information sheet and exclusions list PDF

Current account switch agreement PDF

To view information on charging periods and pre-notification dates please visit our account charging page.

As a provider of UK business bank accounts, we have agreed to a basic set of information we’ll need from you to set up your UK business current account.

Find out what you’ll need to provide using the business banking checklist from UK Finance.

View UK Finance’s guide to opening a business account

Application timeline

Step 1

Complete the online application form

This usually takes about 20 to 60 minutes. It’s possible to save the application and return to it later.

Step 2

Receive your account details

Most customers get a decision on their application in five business days

Step 3

Receive your online log in details

This will be posted to you and you will receive within seven to ten business days


Does your business have an account with The Co-operative Bank?

Are you a...

Not the account for you?

Check out our full range of current accounts.

FSB account

Best for members of the Federation of Small Businesses.

Business Directplus

Best for new customers looking for a period of free banking.

Cash Tariff

Best for businesses with a high cash turnover.

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of 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.

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