During these unprecedented times, we’re currently experiencing extremely high demand for business current accounts resulting in significant delays of more than 12 weeks for processing and opening accounts.
We’ve made the very difficult decision not to offer Bounce Back Loans to new customers who haven’t already got a business or personal current account open with us as of 6 July 2020. This is so we can prioritise the needs of our most vulnerable and existing business customers during this challenging time. Thank you for your understanding.
Your application is subject to status and based on an assessment of your financial circumstances.
This applies if your company:
If your business does not already have a business account with us, you’ll be able to apply through our new improved application process soon.
With our new process, you can usually have your account opened within a few working days.
Register your interest so we can notify you when our new application process is open.Register your interest
Your company either:
You already have a Co-operative Bank business account for this business.
If you've started an application you can continue it here
To view information on charging periods and pre-notification dates please visit our account charging page.
Business account Terms and Conditions and Summary of ChangesDownload Business account Terms and Conditions and Summary of Changes PDF
Business Directplus Tariff effective from 24 February 2021Download Business Directplus Tariff effective from 24 February 2021 PDF
We have other current accounts to choose from.
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.
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.
smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).
The 30 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.