Business Directplus Current Account

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.

If you are looking for a business current account for your start-up, or established small or medium sized business, then this account may be right for you. As a bank that shares your values and understands your banking needs, our Business Directplus Current Account provides 30 months free everyday business banking for new Co-operative Bank business customers.

Free everyday business banking means:

  • No charges for all automated credits and cash withdrawals. Deposit £2,000 in cash and 100 cheques per month for free.
  • If you maintain a credit balance of £1,000 or more there is no monthly service charge, and all automated debits including; standing orders, Direct Debits, Faster Payments, debit card payments and writing up to 30 cheques per month are free.
  • Charges apply for exceeding these limits. Please refer to the tariff for full details. Subject to status and eligibility.

At the end of the 30 month free banking period, you’ll be automatically transferred onto our standard Business Directplus tariff with a £7 monthly charge. Please refer to the tariff for full details.

Check eligibility and apply

With a Business Directplus account you can benefit from:

Business savings account

Online banking

Merchant services

Apply for a Business Directplus account

  • Ensure you have read the important documents below and saved copies of them for future reference
  • Important documents

  • When applying please document all account parties consent to include their information and for relevant searches to be undertaken (including credit reference and fraud prevention checks). We may request this at a later date.

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account. Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.

View UK Finance's opening a business account guide

Moneyfacts Best service from a Business bank three time winner 2017 to 2019 logo

Switching to a Business Directplus account

  • Once your new account is open, you can switch your old account to us in 7 business days, using the Current Account Switch Service. Direct debits will be automatically transferred and payments into and out of your old account will be redirected.

Current Account Switch Guarantee logo

Check you're eligible

You and the key parties need to be:

  • Aged 18 or over
  • A UK resident with a business address in the UK
  • Free from County Court Judgements (CCJs), bankruptcy and IVAs over the last 6 years
  • Free from missed payments on any personal credit obligations in the last 6 months.
  • If your organisation is a limited company you must adhere to the following criteria: the directors have 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 and based on an assessment of your financial circumstances.

Please ensure you read the important documents below and save copies for future reference

Sole traders and single directors

This applies if your company:

  • is owned and controlled by one person
  • is not registered as a limited company


  • is owned and controlled by one person
  • is registered as a limited 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

Partnerships, Limited Companies and Limited Liability Partnerships

Your company either:

  • has more than one owner
  • or is a partnership.

Apply now

Your business already has a business account with us

You already have a Co-operative Bank business account for this business.

Apply now

Already started an application?

If you've started an application you can continue it here

Continue with your account application

Important documents

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

Business account Terms and Conditions and Summary of Changes

Download Business account Terms and Conditions and Summary of Changes PDF

Business Directplus Tariff effective from 24 February 2021

Download Business Directplus Tariff effective from 24 February 2021 PDF

Standards of Lending Practice

Download Standards of Lending Practice PDF

How we use your personal information

Download How we use your personal information PDF

FSCS Information Sheet and Exclusions List

Download FSCS Information Sheet and Exclusions List PDF

Current Account Switch Agreement

Download Current Account Switch Agreement PDF

Not the account for you?

We have other current accounts to choose from.

See our other current accounts

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 Co-operative Bank's Business accounts are protected up to £85,000 under the Financial Services Compensation Scheme

Contact us

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