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)
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.
£0*
Monthly service charge for the first 30 months
£10
Monthly service charge after the first 30 months
*Only applies to new customers or customers who joined the bank less than 30 months ago
Not the account for you?
Built for business
Best of ethical
Plus the essentials
Does this look like the right account for your business?
Check to see if your business is eligible.
We make opening accounts simple
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.
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.
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.
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
Apply
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.
Please click here for further information or visit www.fscs.org.uk